Golf course.
Li Dong casually swung his club and did not look at the ball. He turned his head to look at Shen Qian and her friend and said absent-mindedly, "Tell me, what's the matter?"
"I'm preparing for an IPO."
"What?"
Li Dong stopped and looked at him with a frown. "Now?"
Hsu Shengzhe nodded. "Yes. Now!"
"Of course, I need some time to prepare. It will take at least half a year. It should be near the end of the year."
Li Dong raised his brows. "I thought you were joking when you said you were going to get listed. I didn't expect you to be serious. So, it's a foregone conclusion? "
Hsu Shengzhe replied. "The board of directors approved it. The shareholders' meeting also approved it. Even the underwriter has been found. Everything is ready, and we just need to follow the procedures. Also, we are not the only one. According to the IPO schedule, Longhua, Longhu, Evergrande, Yuzhou, Mingfa … a total of ten companies are preparing to get listed at the end of the year! Do you know what this means? It means that everyone thinks that with the recovery of the global economy, the real estate market, it's time to get listed! "
Hsu Shengzhe was a little excited. Li Dong scolded. "What shareholders' meeting? Am I not a shareholder? I'm the second largest shareholder. How come I didn't know you had a meeting? Don't talk to me like this. Don't talk to me about these useless things. Just tell me, what do you want? IPO has nothing to do with me. I'll take some of the profits. If not, then forget it. Anyway, I don't need your company's shares. "
Hsu Shengzhe sneered. "You talk big. Since you are so rich, why don't you give your shares to me?"
Hsu Shengzhe did not wait for Li Dong to reply. "Let's not talk about this. I'm looking for you because I need your help.
I have high hopes for Longhua's IPO.
But currently, our shareholders are not in harmony. That's why I want to use your reputation to introduce some organizations to Longhua.
Currently, Longhu had a lot of momentum among the few real estate companies that were going to IPO. They had introduced Bank of China, Temasek Holdings, Singapore Government Investment, Ping An … and many other giants to participate.
In addition, some international business giants, including Li Changjiang and Soros, will also enter through hedge funds or private banks.
Many other institutions were also preparing to participate in the investment, including China Life, Schroeder, Citigroup, Damo, Shin Hung Kai, and Xinhua.
Evergrande was not bad either. Some rich people in Hong Kong were very interested in Evergrande.
Although the roadshow had yet to begin, many tycoons had already spread the word that they were ready to enter the venue.
As for Longhua … "
Hsu Shengzhe paused for a moment, then continued in a self-deprecating manner, "Perhaps it's because I'm the second generation. My father can't make an appearance now, and I've been suppressed by you all this while. My reputation in the industry isn't that great. Now, there were too many real estate companies going public at the same time. According to the analysis of the industry, it was impossible to support so many large real estate companies going public at the same time. There would definitely be real estate companies going broke. As for Longhua, it was one of those that was not optimistic about it. So, on the one hand, I hope that you can introduce some powerful and influential capital institutions to enter the venue. On the other hand, I want to publicly publicize your shares … "
The first part was easy to handle, but the second part was to publicize Li Dong's shares. In fact, when the IPO was held, the prospectus was available.
However, under normal circumstances, only capital institutions would read the prospectus, and few outsiders would read it.
Hsu Shengzhe was obviously going to use Li Dong as a trump card and do a large-scale publicity. This was using Li Dong's personal prestige.
Usually, they could talk nonsense, but if they used Li Dong's name to do things without informing him, even if Li Dong made a profit in the end, he was afraid that Li Dong would not be satisfied.
Hsu Shengzhe told him in advance, hoping that it would be more justifiable.
When Li Dong heard that, he frowned slightly and said, "It's not a problem to introduce capital institutions, but not using my name for publicity."
"No room for discussion?" Hsu Shengzhe was a little uncomfortable and slightly unhappy.
Li Dong snorted and said, "If it were other companies, I wouldn't think too much about it. If it was a company that I was optimistic about, it would not be a problem either.
But for real estate companies, I will not let others take my reputation!
In recent years, real estate stocks have been soaring in the beginning and then plummeting. It was useless even if the property prices skyrocketed.
Once the early publicity was over, investors would buy my shares because of my reputation, and then it plummeted in the later stages. Who would I look for to reason with?
I am now a legend, a legend. If I were to fall because of you, even losing Longhua would not be enough to make up for my losses.
I still want to be a legend until I retire. Far away did not fall, but Longhua did. Can you make up for my losses?
Also, since you are going to IPO, then my shares will have to be transferred to Shen Qian's investment company.
Don't blame me for being realistic. You haven't been very stable recently. It's fine if you fall, but I can't fall into the pit with you.
Of course, you can privately say that I am optimistic about you or that we are on good terms. That's not a problem. You can bluff as many people as you can.
But on the surface, I will at most keep a portion of my shares. You can also use the exchange of shares as publicity, but you can't use words like 'I am optimistic about you' as a guide … "
Hsu Shengzhe said gloomily, "Aren't you being too realistic? Besides, do you really think that Longhua is that pessimistic? Also, you have been bragging all these years. Once Weibo and Tencent get listed and plummet, you will still fall … "
Li Dong snorted and said, "Do you think I will say something that I am not confident about? Weibo and Tencent will only make my legend more legendary, not ruin my reputation. As for Longhua, it might not happen now, but it will happen sooner or later! My life is a legend, and I can't let you add a stain on my name. Years later, the world will still be talking about me, Li Dong. With a stain on my name, I will not be invincible. "
"You are really narcissistic!"
Hsu Shengzhe was speechless. He thought for a while and said, "Since you are not willing, then I will not force you. If you had agreed, I will not dilute your shares after the IPO. I will only dilute our share capital, and it will be fair to you. But now, you have given up, and I will dilute it according to my principles. Before this IPO, I will restructure the share capital, and the total share capital will be increased to 8 billion shares. After the IPO, we will issue 2 billion shares, and the total share capital will be 10 billion shares. You have 1.6 billion shares, and a portion of your shares will be diluted. Is it okay? "
Li Dong shook his head and said, "I am fine with it. If you think it is too much, you can buy back a portion. Do you know the price range? "
"Between 6 to 8 HKD."
Hsu Shengzhe said casually, but Li Dong sneered. "You are thinking too much. Do you think I am stupid to set this price?
Even the lowest price of 6 HKD is 60 billion HKD.
Which company will enter the market with such a high price?
Country Garden's market value had fallen below 60 billion HKD, and this is the result from the IPO. You want to surpass them and become the top real estate company in China? This is not ambition. You are an idiot!
Do you think you are like me, Li Dong?
If Longhua is my property, I can even set the price at 8 HKD.
If I am not wrong, the underwriter will set the price below 5 HKD. It should be around 3 HKD.
If you set the price so high, be careful that no one will be interested in you. Don't fail the IPO before you can expand. "
Li Dong's foresight is good, and Hsu Shengzhe replied. "The underwriter said this price is too high, and they said it is about the same as you. 3 to 3.5 HKD. They even advised me to lower the price below 3 HKD. There is still room for the price to rise, and the investors will be interested to enter the market. But at 6 HKD, there is almost no room for the price to rise … … "
"It is obvious. I had said that you are different from me, and you insist on comparing yourself with me. When I was financing for PP, I set a high price because I had the confidence, the ability, and the capital. Tencent's value is underestimated. Anyway, most of the internet industry's value is intangible, and it is not easy to estimate the value. Real estate companies, to put it bluntly, I know how much land you have, how much cash you have, and how much debt you have. I can even calculate how much you have in your pocket. Who will believe you if you underestimate me? "
Li Dong sighed. "A man who is never content is like a snake trying to swallow an elephant. After this IPO, you will hold more than 50% of your shares.
If you set the price at 6 HKD, your personal wealth will reach more than 30 billion HKD. Do you think it is easy to earn money?
Since you set the price at 6 HKD, that means your value should be more than 8 HKD.
It is not easy for Feng Yu to increase his wealth to more than 40 billion HKD in less than half a year.
Listen to me. Set the price at 3 HKD. If the market is optimistic, the price will rise sooner or later.
It will be great if the price rises on the first day of the market!
The issue price was something that could be useful if one said it was useful, but it could also be useless if one said it was not.
You are not going to sell your shares now. What's the rush? "
Xu Shengzhe said angrily, "You're talking nonsense. My offering price is too low. How much can I raise with two billion shares? Based on what you said, 6 billion HKD is only slightly more than 5 billion RMB … "
Li Dong couldn't help but look at him. After a long time, he sighed and said, "Only 5 billion RMB? That's a good word. For a guy with a total wealth of more than 10 billion, was it really appropriate to use the word 'talent' when talking about more than 5 billion? Look at it yourself. How many real estate companies have raised more than 5 billion RMB after getting listed? "
"Country Garden had raised more than 10 billion RMB."
"That's why everyone is scolding them now! If you want to be scolded, you can try. "
Li Dong said impatiently. "You are not my son. I don't care if you are dead or alive. You can even set the price at 60 HKD. Who knows, there might be some idiots entering the market. I will cash out a portion of the money. There is no point in competing with me. "
Hsu Shengzhe replied embarrassedly. "I am not competing with you. I had set the price at 6 HKD is because I want you to help me brag.
If you brag, not to mention 6 HKD, even 10 HKD will not be a problem.
Li Dong, think about it. I can let you continue to increase your shareholding. It doesn't matter if you are rich or not.
I can see it now. The second generation is discriminated against, but our birth is not something we can decide.
You people brag to the outside world, and the outsiders all say good things about you. Most of them are praises.
We, on the other hand, are scolded by others so badly that we can't even lift our heads after speaking the truth. Do you think this is fair?
Also, is Longhua not even worth 60 billion HKD?
Market value is not net assets. It is already good enough that Longhua still has net assets. In the real estate industry, our assets are considered reasonable, and our debt ratio is at the lowest.
Now, Longhua does not lack anything but fame.
Why don't you let us take over Far away City … "
"Get lost!"
Li Dong said unhappily, "So this is what you've been talking about?
Let me tell you. Don't think about these useless things!
If you really feel that you're not famous enough and the hype is not hot enough, I'll contact some rich people in Hong Kong to buy some shares for you as a token of appreciation.
Also, since you want to be listed, I will not stop you.
You like to gamble. Let's make a big gamble.
Didn't you say you want to develop your land?
You should start your 100 billion plan this time. Start hoarding land all over China and become the biggest real estate company in China.
You have developed a lot of buildings over the years. Even if you are not the first in China, you should still be in the top five. Especially the new city development plan. The figures will be much better this way.
As for the funds, it is simple. I will set aside a portion of your undeveloped land and give you some advance payments.
Of course, you will pay me back later.
This way, you can lower your debt with a large amount of advance payments.
Your total assets will increase, your debt ratio will decrease, and you will be the top in land hoarding. You will be in the top five in terms of sales.
As for whether there will be any problems in the end, don't ask me. I don't know.
If you can get past the CSRC and Hong Kong Stock Exchange, there will be no problem. Even if you all go bankrupt, it's fine. Didn't I say that you all can sell the land to me at a low price? I will help you get back on your feet … "
Li Dong's words were extremely benevolent, but Xu Shengzhe's face was filled with suspicion. "Based on what you're saying, if I understand correctly, you want to borrow Dragon Floret's resources and funds to stock up on your own, right? What do you mean by paying some advance payments and I will give you the land later? I haven't even taken the land and developed it, and you are already thinking of taking advantage of me? "
Li Dong sneered. "You want to be the first, but you are afraid that I will take advantage of you. Do you think I will not take risks? If the land and housing prices plummet in the future, do you think I will still take over? You will not lose anything. You can hoard a lot of land now and sell some properties to me in advance. After you get listed, you can get a lot of funds, and you can rebuild the land. As for me, if we are not close, do you think I will do this? This is a huge risk … … "
"Really?"
Hsu Shengzhe asked. This guy is really taking a huge risk?
What risk!
Anyway, it was just an advance payment, and Li Dong will not give him a lot of money.
Especially this guy is shameless enough to ask me to return the money to him!
However, what Li Dong said was also a solution. Of course, there was no way to pre-sell the newly acquired land. However, Long Hua had previously hoarded a lot of land and a lot of fixed assets. These could be handed over to Distance first.
In this way, sales would skyrocket, but the area of land would not actually decrease, and the area of development and sales would also increase …
Anyway, the figures are much better than before.
Of course, this is risky for Longhua. They are using their current profits to bet on their future profits … …
Also, it will be hard for the China Securities Regulatory Commission and Hong Kong Stock Exchange to pass.
In any case, Li Dong's intentions were simple. After all, Longhua wasn't his company. No matter how it was run or how many loopholes there were, it had nothing to do with him. If he could profit from it, then so be it.
As for reputation, it is not his company. Who cares?
In the end, when something happened, Li Dong would definitely shirk all responsibility.
Feng Yu will not want those new land now. He must want the old assets in Longhua. When everything is settled, he can change the land to the new assets he wants.
Hsu Shengzhe can see through all these.
Xu Shengzhe pondered for a moment before he finally gritted his teeth and said, "Alright, let's give it a try! If it really works out, why bother setting the price at 8 HKD? I will set it at 10 HKD! Li Dong, I'll trust you this time. If anything happens, let me tell you, I'm done for. You have to keep the shares of your retail group for me. I will not drag you down, but you must take care of my family! "
Li Dong raised his brows. "Of course. But I still don't understand what you are trying to do. So what if you have a market value of 100 billion? So what if you are the top property developer? Why do you want to get listed, develop, and take risks? Are you out of your mind? "
Hsu Shengzhe gritted his teeth. "You don't understand!"
"Then you better make it clear."
"My father is dying … …"
Hsu Shengzhe is at a loss. He gritted his teeth and said. "I want him to see me bringing Longhua to the top before he dies. I want him to see me bringing Longhua to the top. I want him to surpass his decades of hard work!
I had made Longhua the top property developer, and it is not a bad decision to let me take over Longhua!
I know he hates me all this while.
He felt that I will bring Longhua to its end. But I want to prove to him that he is wrong!
The more he thinks that way, the more I want to prove it!
Before he dies, I want to finish everything. Time is running out. Even if it is just a false prosperity, I want him to see it while he is still alive.
His son did not disgrace him, nor did he disgrace Longhua! "
Li Dong fell silent when he heard this.
It was hard for him to understand what Hsu Shengzhe was thinking, but he could understand.
No matter how mature Hsu Shengzhe was, or how cunning he was, he would always be weak, immature, and unreliable in front of his father.
But Hsu Shengzhe did not want him to be like that in Xu Jianghua's eyes.
Before Xu Jianghua passed away, Hsu Shengzhe wanted to prove himself and let his father see it all.
It might be impulsive and childish, but the relationship between father and son is sometimes very contradictory.
Hsu Shengzhe did not have any feelings for Xu Jianghua. From his previous actions, it was true that he did not have much feelings for him.
But if he did not have feelings for Xu Jianghua, Hsu Shengzhe would not be in a hurry to prove himself.
The more he wanted to prove himself, the more it meant that he valued this father-son relationship. He hoped to gain his father's approval, and not hate and ostracism.
Li Dong patted his shoulder lightly and did not say anything.
Since this fellow insisted, there was no need for him to say anything else.
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