The person who talked to Li Mingde was of course not Zhang Ruiqiang. If Zhang Ruiqiang wanted Bingcheng Machinery Company to be listed, he would not have talked to Li Mingde, because he knew that it was Feng Yu who really had the final say in Bingcheng Machinery Company.
The person who talked to Li Mingde was Bingcheng's secretary. He also needed political achievements to push him to continue to move forward. Of course he knew that Feng Yu was the major shareholder of Bingcheng Machinery Company and the real leader.
But after he called Feng Yu, he knew that Feng Yu was unwilling to go public, so he could only talk to Li Mingde again, hoping that Li Mingde could convince Feng Yu. After all, Feng Yu valued Li Mingde very much, otherwise he would not let Li Mingde retire early. , and then re-employed to the company and given certain equity rewards.
The secretary also believes that Zhang Ruiqiang will not stand in the way of this matter, because if it is done, the political achievements will not be his alone, and even the government will get more. If he is promoted, then Zhang Ruiqiang can also take over in sequence. Judging from Zhang Ruiqiang's work performance and ability in the past two years, it is not natural for him to take over, but he is also the one with the greatest hope, not to mention that the provincial number one also supports Zhang Ruiqiang.
Moreover, there are calls that the provincial number one will be withdrawn from the second tier by the end of this year. By then, Zhang Ruiqiang’s biggest backer in the province will be gone. Doesn’t Zhang Ruiqiang want to become the secretary of Bingcheng this year? In the officialdom, if one step is slow, then every step is slow. If there is a delay, it will be a term.
Li Mingde didn't dare to write a book, so he could only call Feng Yu for help.
Tsk~~ Feng Yuyi sucked his teeth and went public. It is one of the methods used by many companies to raise funds for development. It is more cost-effective than loans, and it can also effectively increase the company's market value.
But Feng Yu didn't want to go public because that would dilute his shares in Bingcheng Machinery Company. At least 25% of the total share capital must be issued, so Feng Yu's and his father's shares combined would be less than 50%.
Of course, after the listing, because the stock will appreciate, the shares held by Feng Yu and others will become more valuable. But that’s for many people who want to sell and cash out. Feng Yu has no intention of selling Bingcheng Machinery Company's shares.
In the past, the reason why many large companies went public was not because they wanted to go public to raise funds, but because they had venture capital investments in their companies. How does a venture capitalist make money? Is it that after the company's stock is listed, he can cash out and make money
Some companies with good returns, or companies with high investor expectations, have seen their stock prices rise sharply after listing. Then the venture capital can sell the stocks after the deadline to make money. It is normal for the venture capital to make twenty times.
What venture capital generally holds are so-called preferred stocks, which are shares that have no voting rights but have guaranteed dividends and can be sold first.
There are also some listed companies in order to reduce their debt ratio. If you check, you will find that many companies have a lot of foreign debt. But it can still be put on the market. After listing, the money can be returned to others, which is also a way to plug the hole.
Of course, there is a more direct benefit, that is, there are not many listed companies now. If they are listed, it can greatly enhance the brand awareness and image. But Bingcheng Machinery Company does not need this at all. Starting from motorcycles, Bingcheng Machinery Company City Machinery Company. It is already a well-known company in the country. Songjiang brand is also a well-known brand in the country and its products. Sales have been very good.
Many profitable companies, especially those that are solely owned by individuals or controlled by individuals, have also chosen not to go public. For example, the famous Shunfeng Logistics. In the past life, many people wanted to list this company, and they also said how much money they could make after going public. But they just didn’t go public because they didn’t lack money.
The second disadvantage of going public is that the financial statements need to be made public. This is not to say that Bingcheng Machinery Company has any false accounts or bad debts, but that Feng Yu does not want his name to appear on it and be known to too many people.
Although he cannot be completely invisible, it is still necessary to keep a low profile. He prefers to make a fortune in silence.
Feng Yu originally planned to register a holding company in Xiangjiang, and then transfer all the shares of his companies to the name of the company in Xiangjiang. However, the actual operation was very troublesome. Feng Yu had to come up with a large amount of funds himself. OK.
Because Xiangjiang does not yet belong to the country at this time, Feng Yu's behavior will be considered as transferring assets overseas. He asked Mr. Lu for help, but Mr. Lu also said that he couldn't do it. Unless Feng Yu took the money himself and sold the shares at normal prices, it would be possible to succeed, and he might be stopped by administrative intervention.
If we wait until after 1997 and Xiangjiang returns, the operation will be much simpler.
Feng Yu thought for a while and decided to wait, and it was definitely not a good time to go public now, especially in China. The domestic stock market began to implement the T+1 system this year, which to a certain extent can reduce the possibility of manipulation of the stock market.
But this year’s stock market is also irrational. Due to the situation of government bond futures, many securities companies began to operate illegally. It was also this year that a lot of market manipulation began to occur. In the past two years, it will be In the ongoing bear market, investors have no confidence. The stock price will not rise very well after listing, and may even fall.
Of course, if compared to the ability to manipulate the market, Feng Yu believes that no one will be his opponent. Whether it is professional knowledge or financial strength, he is definitely second to none in the country.
But he didn't need to do this at all, and he didn't want to do it. He doesn't want to cause trouble. Even if he can get rid of this trouble, he doesn't want someone to say behind his back in the future that he is a manipulator of the stock market, causing many investors to lose their money.
After going public, management will become more cumbersome. Feng Yu does not think Li Mingde and others have this ability for the time being. They can accept new things, but the speed and ability to accept are not as strong as they think.
There are also costs associated with listing, from audits to lawyers, etc., each of which costs a lot of money. Moreover, the review faced by the company will be more stringent, and every detail will be reviewed in detail. If Feng Yu concentrates his shares in a holding company in the future, it will be even more troublesome, especially since the holding company is still in Xiangjiang.
There are advantages and disadvantages to going public. Feng Yu weighed it up. It's not that the company will definitely not be listed in the future, but now, the company will not be listed.
Feng Yu told Li Mingde that he had to resist even if he couldn't bear it, and by rewarding Li Mingde with shares, Li Mingde would have to bear corresponding responsibilities. Feng Yu would not let his company go public at an inappropriate time for the sake of the political achievements of those officials.
Especially... he is not familiar with Bingcheng's secretary.
He told Li Mingde that if he still couldn't bear it, let him know and he would go back to deal with it. (To be continued.)
PS: The second update, there is another chapter ahead. Thank you to book friends such as Qian Shang Memories, Blackwater Bay, Calabash Fairy, Lengfantou, Little Shuta, and boyhoods99. Thank you. I woke up at seven in the morning, finally catching up with the time. The hand speed is too slow, tragedy~~