While many people here in Hong Kong are staying up all night, the New York Stock Exchange welcomed the listing of the first company under the Li Group today.
Regardless of the 7-11 strike, the listing of Xinghong Sports Group has not been postponed for any reason. At nine o'clock in New York time, at the New York Stock Exchange, Sis Prolos and three underwriters Tianyu Investment Company, Goldman Sachs, and the United States
Representatives of Lin gave speeches respectively.
Although the relationship between the three families is not very good now, when their interests were consistent, they were still very harmonious.
Both Goldman Sachs and Merrill Lynch are very boastful about Xinghong Sports Group. They say Xinghong Sports Group is a group with great investment potential.
At ten o'clock, the listing bell rang, and Xinghong Sports Group was officially listed in New York at a price of US$1.25 per share. The total number of shares of the group was 1 billion.
Since the four major teams of Xinghong Sports Group in the United States are among the top teams of the four major sports clubs in the United States, and the Coventry football team in England is also among the top in England, those who are optimistic about the development of this group are still
Quite a few.
As soon as it was listed, Xinghong Sports Group's share price began to climb, breaking through the unit price of US$1.4 in less than 20 minutes.
The person in charge of Goldman Sachs said: "Prologis, congratulations on your company's successful listing. I believe this group will create brilliant achievements under your leadership."
Although Sis Pulos is an American, he has learned a lot about Eastern culture over the past eight years, and he can now speak Cantonese fluently and understand the meaning of Chinese characters.
These senior executives of the Li Group, whether actively or passively, will learn Cantonese and Chinese characters. Because the Li Group is headquartered in Hong Kong, many documents are sent to major groups in Chinese characters. If they want to have a good future in the Li Group
, it is very difficult to speak Cantonese and recognize Chinese characters.
He also learned a lot of Eastern ways of being a human being. The biggest contribution to this group is the current director of the confidentiality room. If he hadn't been transferred back to the headquarters in an emergency, Peng Xiaoli would have presided over this listing. He wouldn't dare to take credit for it.
On oneself.
He responded: "Mayo, thank you very much for your blessings to our group. The achievements of Xinghong Sports Group today are inseparable from Miss Peng Xiaoli's efforts over the years. I will do my best to live up to the trust of the major shareholders.
Work hard to develop Xinghong Sports Group well."
Representatives from Goldman Sachs and Merrill Lynch knew that Sis Poulos was only a senior manager. Even though he was now the chairman and chief executive of Star Hong Sports Group, Li Guangyu still decided on the major issues of the group, so they didn't say much to him.
The person in charge of Merrill Lynch said to Li Xingquan: "Mr. Li, you can see that our cooperation can be very happy. Xinghong Sports Group is an example. We heard that Bentley Group and Xiangjiang Communications Group under the Li Group will also be listed. We at Merrill Lynch are very
Willing to act as underwriter for these groups."
As for Xiangyu Culture Group, the person in charge of Merrill Lynch didn't even mention it. That group has been doing road shows for a long time. They already have partners, so there is no drama for them at all.
Whether it is Bentley Group or Xiangjiang Communications Group, the market value of these two groups is not comparable to that of Xinghong Sports Group. The market value of each of these two companies exceeds 10 billion U.S. dollars. They are extremely strong. If they can enter the sub-division
For a piece of the pie, at least hundreds of millions of profits can be obtained.
Li Xingquan does not have the right to make the decision. Even if he had the right, he would not let Merrill Lynch be the underwriter of these two groups. If Star Hong Sports Group was not listed on the New York Stock Exchange this time, they would not cooperate with Goldman Sachs and Merrill Lynch.
The Bentley Group was listed in England, where Tianyu Investment Company, Standard Chartered Bank, and HSBC were the underwriters.
Heung Kong Communications Group is listed on the Hong Kong Exchange, and Tianyu Investment Company, Heung Kong Bank, and Sun Hung Kai Securities will be the underwriters.
Li Xingquan said: "Chris, I am just a small branch manager, and these two groups have nothing to do with us. Who do they want to cooperate with? I have no right to intervene. If Merrill Lynch hopes to cooperate with these two groups,
For cooperation, you can definitely contact the top management of these two groups. Merrill Lynch is strong, so maybe we can reach cooperation."
Mayo, the head of Goldman Sachs, did not mention this matter directly. He knew that the president of their company's Asia-Pacific division personally visited Li Guangyu and failed to negotiate cooperation in this area. Merrill Lynch wanted to intervene in the listing of Li's consortium on the U.S. stock market.
For other groups, it is undoubtedly a foolish dream.
Goldman Sachs was completely implicated by the decisions of some American consortiums. They had always had a good relationship with the Lee Consortium before. If the relationship between the Lee Consortium and these consortiums had not deteriorated, maybe they would have been able to participate in the listing of these groups by the Lee Consortium this time.
Get some benefits.
It’s just that the relationship between the two parties is deteriorating now, especially the 7-11 strike, which will lead to many problems later. The relationship between the Lee Group and the American Group will only become more hostile, and the competition for the market will become more intense.
It's by any means necessary.
Chris knew that it was not easy to make money from the Lee Consortium, but as a senior executive of Merrill Lynch, even if he knew that the chance was slim, he still mentioned it. If there was a chance, he could not give up the possibility.
He said: "Mr. Li Guangyu still takes his position too seriously. Competition and cooperation will be the norm in the future. We cannot stop cooperation completely just because there is competition. That is not conducive to the development of the Li Group. You must know that in
Finance is mainly in the United States. Mr. Li has listed many important companies in Hong Kong and London this time. I am afraid that the gains outweigh the losses. The financial markets in these two regions are far from comparable to those in New York."
Li Xingquan admitted that New York currently has an absolute advantage over other regions in the stock market and finance, but it will definitely not be too bad for these groups to be listed in Hong Kong and London. These major groups will obtain the status of blue chip stocks on the local exchanges, and they can also increase Li's
The consortium’s local influence.
If the company is listed in New York, the American consortium will definitely not be willing to allow the Lee Group to obtain the status of a blue-chip stock, and it will also be vulnerable to suppression by the American consortium.
The future market focus of the Lee Group is Greater China and Southeast Asia, followed by Western Europe and the Commonwealth, Latin America, Eastern Europe, and finally the United States and Africa.
The biggest strategy of the Lee Group is to compress American companies within the American market. In this way, even if the companies of the Lee Group are successful, the executives of the Lee Group know very well that competing with American companies in the American market will be extremely unfair.
environment, some companies may even be restricted from entering the U.S. market.
Li Xingquan said: "We at Xiangjiang Enterprises have always been cooperating with enterprises from all over the world. However, some places have implemented double standards and even suppressed and restricted foreign enterprises through the government. Cooperation must at least be a win-win situation, but some enterprises have suffered a loss.
He is not even willing to give his collaborators a drink of soup, and even holds a butcher knife in his hand, ready to stab his collaborators behind his back at any time. It is absolutely impossible for such cooperation to happen a second time."
Chris knew very well that Li Xingquan was referring to Sang Shuhuai and his California consortium. They had been partners of the Li Consortium in the United States for many years, and they also contributed a lot to suppressing the Li Consortium this time.