On the third day, Zhao Heyao still walked around the streets. This time he did not rent a car. He and his assistant went for a walk in some alleys, and even went to Beihu Park to listen quietly among the elderly.
The media did not publicize it, but it could not stop citizens from gossiping. Zhao Heyao heard a lot of information about Li Yuhang.
Among them, Li Yuhang founded the Jianan Agricultural Products Group and served as the president of the Guocheng Silk Group. Some of the rumors were even information that HSBC had not collected. He is now more and more certain that Li Yuhang has indeed established a Jianan Group, with numerous funds and investments.
The company is just a means for Li Yuhang.
Zhao Heyao, who felt that he was not well prepared, contacted Jianan Supermarket Group.
On January 5th, he went to the Jianan Shopping Center to formally meet with mainland business wizards.
Youth, this was the first impression Li Yuhang gave him. Young people of this age in Xiangjiang are either spending their youth on campus or living a hard life at the bottom. Even those artists, except for a few, are just supporting players now.
And this man, in two and a half years, started from scratch and created a comprehensive industrial group with assets of tens of billions.
He even had some doubts about whether God was particularly fond of the surname Li. The two Lis in Xiangjiang were at the top of the world and became the leader of the Chinese community in the wealth list. In the mainland, Li Yuhang's family was about to stage another legend.
To be honest, if the young man in front of him was not definitely Li Yuhang, the president of Jianan Supermarket Group, Zhao Heyao would not believe that he was the helmsman of a company with assets worth tens of billions.
There is no domineering style, no arrogant attitude, and no cunning fox-like look like those in the shopping mall. The sun is gentle, and the boy next door may be talking about this one.
"Mr. Zhao, this is our Sichuan Sichuan Emei Bamboo Leaf Green Tea. I hope it will suit your taste?"
Zhao Heyao did not come here today to have tea with Li Yuhang. He knew that at present, it was not just his HSBC, Goldman Sachs China, Merrill Lynch Asia, Standard Chartered Bank Xiangjiang Securities Department, BOC Xiangjiang Securities Department, Bank of East Asia Securities Department, Sun Hung Kai Securities Company, etc.
The higher-ups are here, and everyone has the same purpose.
Generally, only 3 to 5 securities companies will be found for listing. In the case of Jianan Supermarket Group, only three are enough? There is no need to worry about retail investors not buying it.
Therefore, he explained his purpose straight to the point? He hoped that Jianan Supermarket Group could choose HSBC Securities to become its market maker.
Li Yuhang said with a smile: "Mr. Zhao? The listing requirement on the main board of the Hong Kong Stock Exchange seems to require the company to operate for more than three years. Our Jianan Supermarket Group even counts the day of registration? It is only a little more than two years now. What do you think of Jianan?"
Is the supermarket group qualified to be listed on the main board of the Hong Kong Stock Exchange?”
"You don't need to worry about this? Are the rules strict? There are always some exceptions. We at HSBC can guarantee the listing of Jianan Supermarket Group in Hong Kong. As long as you agree, it will take three months to go through the process? We will be able to get Jianan Supermarket Group to go public in May at the latest."
Nan Supermarket Group rings the bell at the Xiangjiang Exchange? Mr. Li, please believe in the strength of our HSBC."
Looking at Zhao Heyao's confident expression, Li Yuhang knew that the other party would definitely have no problem in this regard. Some rules were restrictive for the general public, but for these giants, it was not a problem at all. Otherwise, all these capital giants would not have come here.
Come.
Is it going to be listed? Li Yuhang has not yet decided which securities firms to hire to become the Jianan Supermarket Group.
In fact, Li Yuhang knows very well that for the subsequent development of Jianan Supermarket Group, his choice is quite small. Bank of China must first occupy one company, and HSBC, the current giant in the Asian financial industry, must also occupy one company.
If there are only three securities firms, then the last one will be Goldman Sachs, Morgan Stanley and Merrill Lynch.
Especially Morgan Stanley and Merrill Lynch? One is backed by the Morgan consortium? The other is backed by the California consortium? They are extremely powerful.
The main issue now is the price. When the time comes, Li Yuhang will give 20% of his shares to several major securities firms for market making, and the other 5% will be awarded to the senior management of Jianan Department and the middle management of Jianan Supermarket Group to stabilize these management
layers of heart.
Now the main thing is stuck on the price. Among the investment banks and securities firms he is currently communicating with, the highest valuation is Bank of China, with a valuation of HKD 6 billion, followed by Bank of East Asia, with a valuation of HKD 5.6 billion, and the lowest is Morgan Stanley, with a valuation of only HKD 4.5 billion.
Hong Kong dollar.
No one in Li Yuhang is satisfied. The 1995 financial report of Jianan Supermarket Group has been released. The group’s revenue last year was 9.9257 billion, with a net profit of more than 2.6 billion. At the current exchange rate, it is more than 2.5 billion Hong Kong dollars. This is because many stores were opened midway.
It's a business, but the market value is only so small. How could he accept it?
This is obviously an attempt to take him as a scapegoat. Even though Li Yuhang knows that the further you go, the lower the profitability, but Jianan Supermarket Group is developing at a rapid pace and its scale is still expanding. This valuation is really not worth the revenue of Jianan Supermarket Group.
He absolutely accepts valuations compared to companies such as Carrefour and Walmart.
Li Yuhang said calmly: "I know the strength of HSBC, but the price you offer is really unacceptable to me. I believe you have also read our group's financial statements last year. Do you think I will accept this insulting price?"
Zhao Heyao has something in his mind. As long as Li Yuhang is willing to list Jianan Supermarket Group, both parties can negotiate slowly if the price is unreasonable.
In the past, these investment banks were based on Li Yuhang's youth, so they quoted a relatively low price for testing. The success would be gratifying, and if they could not reach an agreement, they would naturally increase the price.
Based on the evaluation of Jianan Supermarket Group's turnover, net profit, group size, fixed assets and other aspects, HSBC President Elton personally gave a maximum limit of HK$15 billion.
Based on the turnover in these days, even if Jianan Supermarket Group does not continue to open branches, the annual turnover will reach about 23.5 billion.
The reason why Jianan Supermarket Group's turnover was so low last year was mainly because many stores were opened midway.
If Li Yuhang really agrees to such a price, it can only mean that this so-called business wizard is just lucky and doesn't understand finance at all.
The price given by HSBC is relatively high, but considering that these Jianan supermarket groups will continue to expand, and the current mainland supermarkets are indeed making huge profits, even at such a price, I believe those investors will still buy it.
"For the previous HSBC quotation, I would like to express my sincere apologies to you on behalf of the HSBC Securities Department. The person who made this plan before was just an intern. He had no idea about the development of Jianan Supermarket Group last year and ignored your group's current daily operations.
receive.
On behalf of HSBC, I formally submit an offer to you. Our valuation of Jianan Supermarket Group is HK$12 billion. We at HSBC hope to make friends with Mr. Li and are more willing to reach strategic cooperation with Mr. Li. This is also our sincerity."
Li Yuhang was quite surprised when he heard the quotation. He did not expect that HSBC would raise the price so much. The team led by Xu Xinrong on his side is also doing the valuation of Jianan Supermarket Group. Judging from the current situation, the market value of Jianan Supermarket Group should be 130
Between HK$100 million and HK$13.5 billion, this is considered a relatively normal price.
Now that HSBC has offered 12 billion Hong Kong dollars, Li Yuhang feels that the price Xu Xinrong and his company are selling seems to be a bit low. Perhaps Jianan Supermarket Group has a more important position in the hearts of these giants than he thought, and its market value is also higher.
He did not agree with the current price offered by Zhao Heyao. He only responded that he could not make the decision alone and needed to negotiate with the major shareholders of the group.
Zhao Heyao felt that he had been deceived by Li Yuhang's initial impression. He was not a big boy next door. He was no different from those old foxes.