Chapter 532: Listing Options
In an open space by the river outside Yangcheng, under a canopy that has been set up, there are all the equipment needed for a picnic. Wu Feng and the female companions brought by Li Jiwei are having a barbecue.
On the riverside more than 20 meters away, Chen Changliu, under a sun umbrella, was bored and fishing with Wu Feng and Li Jiwei. Not to mention, the river breeze was very refreshing. He was originally reading the financial report when he was called out by the two, but My mind was still on work, and after being blown by the cool breeze, I finally relaxed, put aside work and enjoyed the moment.
Chen Changliu was glad that in this era, you can still fish casually, and no law enforcement officers will come to drive people away. Unlike more than ten years later, fishing was banned everywhere, and what was even more outrageous was that if two fish were thrown in, all the fish in the entire water area would be gone in two months. It belongs to them and no one can come to fish, it’s just so outrageous.
"Brother Wu and Brother Li, how old are you? You have actually started to enjoy fishing. You are all boring!"
The leisurely Wu Feng curled his lips and said:
"Enjoy farts. I'm taking a break from my busy schedule. My old man also asked me to fish more to nourish my mind, but it's too boring to be alone."
Chen Changliu and Li Jiwei had dark faces, who are these people?
"I wonder why your kid has changed his gender. He invited us to go fishing to cultivate his character. It turns out he was forced to do so. But that's okay. Your kid is really impatient at ordinary times, so fishing is a good idea!"
"Hehe, right? I originally thought there wouldn't be much fun out there, but now I find it's quite interesting. You see, this wind has made my whole mind a lot broader."
Wu Feng boasted that although he was a rather impetuous person, he had to compare with others. He was pretty good outside, but compared with Chen Changliu and Li Jiwei, he was not calm enough.
But as soon as he finished speaking, before he was sufficiently proud, Chen Changliu said unceremoniously:
"Brother Wu, are you sure you are here to cultivate yourself? I don't think so. Beautiful women, fine wine, and delicious food, why don't I feel like it at all.
The most outrageous thing is that you actually ordered a lot of delicious food from outside. Tsk, tsk, tsk, this is how you cultivate yourself! "
"Hahaha......"
Li Jiwei couldn't help laughing, while Wu Feng curled his lips and said without embarrassment:
"What do you know? This is the enjoyment of life and self-cultivation that can be carried out at the same time.
I am honing my resistance to beauty, food and wine! "
A few people who have been very busy recently and basically don't have time to party were able to make jokes and make jokes, and the whole person was quite relaxed.
Chen Changliu and the two of them had indeed not gathered together for a while. They were chatting while fishing, and then Chen Changliu realized what they were busy with!
Li Jiwei's main business now is his Suda Express Company. To be honest, it is developing very fast, especially since he cooperates happily with banks on capital, so the expansion speed is very fast.
Relying on Dabao, the daily express delivery volume has now entered the top 3, except for a certain state-owned enterprise.
Although the flower grower and Dibao fell out, it did not affect the cooperation between Suda Express and Dibao.
They are all mature businessmen. It is impossible for the cooperation between Zhonghuajia Technology Co., Ltd. and Dibao to be affected. Besides, Malaysia must give face to Li Jiwei's father no matter what, and it will not affect the operation of Dibao anyway.
As for his entertainment company, it is now invested with Changyi Film and Television, which is owned by Li Yihan, and is actually more energetic than before.
As for Wufeng's main business, it must be Fengfan Technology Co., Ltd., and Fengfan Technology Co., Ltd.'s second assembly plant has settled in a transportation hub in central China and is under intense construction.
“It is expected that our assembly plant will be officially put into production in December, and by then they will be able to radiate to the northern region.
With the help of Tan Zirun Yangfu Business Group, we have more and more dealers in the north. I am now confident that our windsurfing electric vehicle market share will definitely enter the top 2 next year. According to Tan Zirun, if we do it next year After reaching the second place in the industry and stabilizing it for one year, you can start preparing for the IPO and start the road to listing.
I asked you to go fishing today firstly to let you relax, and secondly to ask for your opinions.
Tan Zirun's point is that when the time comes to go public, it is best to go public in the United States or Hong Kong. If confirmed, the company must prepare in advance.
But I'm not sure. I don't know whether it's better to list it domestically or in the United States or Hong Kong. I'd like to hear your opinions today. "
Chen Changliu did not expect that Fengfan Technology Co., Ltd. might be the first to go public. As for whether Tan Zirun was excessively involved in the management of Fengfan Technology Co., Ltd., Chen Changliu had no objection. To put it bluntly, they are all on the same boat now, and he The shares were not enough to make him do anything, and she could not have other ideas.
Chen Changliu thought for a while and then said: "I suggest listing in Xiangjiang..."
There is an essential difference between listing in the country and listing in the United States and Hong Kong. Chen Changliu, who was born again, certainly knew that most of the famous domestic Internet companies were listed in the United States. However, a few years later, many companies listed on the U.S. stock market fled.
There are relatively few companies listed in Xiangjiang. Alibaba will also be listed in Xiangjiang in the future, but now there is only Big Penguin Holdings in 2004.
As for not wanting Fengfan Technology to be listed in the country, the reason is that the threshold of the mainland capital market is indeed very high for many technological innovation companies. Long queues, difficulty in borrowing money, and rigid profit requirements are even more difficult to meet.
The Main Board and SME Board of the Mainland require that the net profit of the enterprise in the last three fiscal years is positive and cumulatively exceeds RMB 30 million, the cash flow generated by the operation in the last three fiscal years is net and cumulatively exceeds RMB 50 million, or the operating income in the three fiscal years is cumulatively more than RMB 300 million, and there is no unrecovered loss at the end of the most recent period.
Listing in Hong Kong also has certain requirements for the profitability of the enterprise, that is, at least 50 million in the past three fiscal years, at least 20 million in the most recent year, and at least 30 million Hong Kong dollars in the previous two years, and the market value at the time of listing is at least 200 million Hong Kong dollars.
These are not a problem for Fengfan Technology, which is why Tan Zirun said that the IPO will start the year after next, because Fengfan has not had three full fiscal years.
However, domestic listing and Hong Kong listing also have their own advantages and disadvantages. Domestic listing has a higher valuation, can increase visibility, better service products, and low maintenance costs.
Moreover, the requirements for listing approval in this era are very high, and the market risk is relatively small, unlike 20 years later, when all kinds of monsters can be listed, and those with revenue of tens of thousands or losses of tens of millions can go public, and then raise hundreds of millions or billions.
However, there are advantages and disadvantages, that is, the share trading of domestic listed shareholders has a one-year lock-up period, and the uncertainty of this year is unacceptable to many capitals, in a rigid listing system, etc.
It is much more convenient to list in Hong Kong, without the approval of relevant domestic departments, enterprises have more freedom to choose, the price-earnings ratio is relatively high, increase international visibility, less tax, no foreign exchange control, and convenient for enterprises to reorganize assets overseas, etc.
Some people will say that if you list in Hong Kong, then when the money earned in China is distributed as dividends, wouldn’t it be giving money to others, why not distribute it to domestic people?
PS: The typos will be corrected first and then corrected.