The Richest Man Yang Fei - Chapter 946
Chapter 944 666 listing plan
After Yang Fei returned to China, the first meeting of the company’s senior executives was held, which discussed the issue of sustainable development of the company.
At the meeting, Yang Fei mentioned that one of the secrets of longevity of island companies is not to go public.
Many companies in later generations also insisted not to go public. For example, Liby in the daily chemical industry and Huawei in the communications industry have also developed very well and achieved impressive results.
To quote a well-known entrepreneur, the company went public for financing. My company is not short of money, and I don’t need to go public.
This is so arrogant!
Yang Fei also wanted to be able to say such bullish words one day in the future.
However, not going public is not a criterion for judging whether a company is good or bad. Many listed companies are still doing well.
However, there is more than one company under Yang Fei’s name.
Beauty Group is temporarily not listed, but Yang Fei can list other industries.
After thinking twice, Yang Fei smiled and said: “Leader, the time for the Beauty Group to go public is not yet ripe, but Liuliu Liu Shopping Plaza can be listed.”
The leader said: “Sixty Six Six Shopping Plaza?”
Yang Fei said: “We have opened more than 20 shopping malls, and almost all major first- and second-tier cities in China have opened. For each shopping mall, our assets range from 300 million to billions. This industry is in the country. It already has a certain degree of popularity and the profitability is very impressive. I think it can be listed. In order to cooperate with the listing, we will also do some high-profile activities and further expand.”
The leader was shocked.
He had heard of Liuliu Shopping Plaza, and he had taken his family to the Liuliu Shopping Plaza in the provincial capital to buy things. After going there once, he felt that this store is different. The family members only look for it when they shop. This shop is out.
However, the leaders have not counted the scale of Liuliu Liu Shopping Plaza.
Dozens of stores, each store’s assets have reached 300 million to billions!
What scale is this?
What is this concept?
Even on the basis of the lowest assets, more than 20 666 shopping malls are also a multi-billion-dollar industry.
If you include more assets, wouldn’t it have reached tens of billions of assets?
Such a large company will surely be successful if it goes public and raises funds.
“Does Liuliu Liu Shopping Plaza also belong to the Beauty Group?” the leader asked, “Is the company’s registered location in our province?”
“Our first Liu Liuliu shopping plaza is in Huacheng. However, when the Southern Province Meili Building was completed, I had already completed the procedures for changing the company address of the Liuliu Liuliu shopping plaza. Shopping plazas in other provinces belong to Division.”
“Great!” The leader smiled happily, “You can go public! Mr. Yang, after the listing of the 66th shopping mall, your total assets can at least increase by more than 10 billion!”
Yang Fei smiled and said, “If we can raise tens of billions of dollars, then the expansion of the 666 shopping plaza can speed up the pace.”
The leader said: “Are you planning to expand abroad?”
Yang Fei said, “Be based on your own country and occupy all the first- and second-tier cities.”
The leader said: “Mr. Yang, can you consider opening more in the province.”
Yang Fei said: “Yes, as long as it is an economically developed city, there will be our 666 shopping plaza.”
The listing of a company is not an overnight success.
There are still many things to do before going public.
In China, only joint-stock companies that have been in business for more than three years are eligible for listing.
Therefore, the company must complete its shareholding restructuring before going public. This time period is usually 2 to 3 months, including sponsors, divestiture and reorganization, three-year performance, capital verification and registration, and asset appraisal.
Then comes the second stage, that is, listing counseling, which usually lasts for one year. The process includes a three-session system, business structure, four-phase reports, teaching counseling, and counseling acceptance.
After that, there will be the preparation of issuance materials, which takes one to three months, and the preparation of prospectus, securities firm recommendation report, securities issuance recommendation letter, securities listing recommendation letter, project feasibility study report, pricing analysis report, audit report, and legal opinion.
After the preparations are made, a one to two-week audit of the brokerage firm will be conducted, that is, on-site investigations, problems and rectifications, core checklists, and core opinions.
After the recommendation of the sponsor, the pre-review communication, feedback and rectification, meeting arrangements, and issuance of approval documents.
There is also a review meeting. To communicate at the meeting, sub-examine the materials, discuss at the meeting, and vote for approval.
After doing these well, you can prepare for the issuance, pre-road show, valuation analysis report, and promotion material planning.
After everything is in place, the issuance will be carried out, and the prospectus, roadshow promotion, price inquiry, and stock offering will be published.
Finally, it can be listed for circulation, transfer funds, capital verification, change registration, recommended listing, and first day listing.
After this set of procedures, even with the support of the province and opening the door to convenience, it will take a year or a half to successfully go public.
The leader leaned on the sofa and asked, “I heard that there is a garment factory under your name? Why do I rarely see you publicizing it?”
Yang Fei said: “The garment factory mainly produces and operates professional clothing such as tooling and school uniforms. It has carried out several rounds of publicity before, and now its performance is rising steadily and its production capacity is limited, so there is no need for excessive publicity.”
The leader groaned: “Then why not expand? I have heard that the capable is omnipotent. With Mr. Yang’s business intelligence and ability, you can develop even if you have one more clothing industry. Our province has a large population. , But there is no international clothing brand that can be easily obtained. It is sad to think about it!”
Yang Fei smiled and said: “Leader, I also want to develop the apparel industry, but the apparel business is not as easy to do as I imagined.”
The leader said: “Clothing, food, housing, transportation, this clothing ranks first, bigger than the food, real estate, and automobile industries!”
Yang Fei made sense when he heard him explain this.
The current eight horses garment factory, which is mainly engaged in professional clothing, has not formed a strong brand advantage.
According to Yang Fei’s logic, second-rate companies sell products, first-class companies sell brands, and the eight-horse garment factory is undoubtedly a second-rate company.
In fact, Yang Fei seldom puts effort into managing this company After cooperating with Jin Dabao, Yang Fei only made a few suggestions, and Jin Dabao took care of the specific matters.
Later, Yang Fei reused Jin Dabao and asked him to help him manage daily chemical raw materials affairs.
Jin Dabao seems to have found new vitality and is radiating its second spring. In the daily raw material industry, it is like a fish in the water, doing better and better. Instead, it threw the business of the Eight Horses Garment Factory to professional managers.
Hearing this reminder from the leader, Yang Fei thought that he had recently acquired two apparel factories, and couldn’t help but feel his mind. Can he create another brand in the industry?
The leader said: “Our province has superior human resources, and garment factories have no worries about not being able to recruit workers. Our province also has Lusong Apparel City, which was established in the 1980s, which is the largest apparel market group in Central and South China. In terms of apparel brands, there are also I can’t forget to wait for the well-known domestic brands. But the only regret is that there is not a well-known clothing brand that can be called internationally! Mr. Yang, whether our province can create an internationally influential clothing brand, I have high hopes To you!”
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