After Qin Hai left, Yuan Chengdao followed him.
Li Dong glanced at him. He had said everything in the meeting. Why was this guy still following him?
Yuan Chengdao did not bother to beat around the bush and asked directly, "General Manager Li, have you heard about Belle International?"
"Belle International?"
Li Dong thought for a while and asked, "About going public?"
"Yes. Belle went public last week and raised 10 billion HKD! With a market value of more than 50 billion HKD, it surpassed Gome and became the number one retail company in China. "
"I heard about it. What's wrong?"
Seeing Li Dong was so calm, Yuan Chengdao could not take it anymore. He stretched his neck and said, "General Manager Li, have you really not considered getting Faraway Supermarket to go public?"
In 2007, the domestic financial market was in turmoil.
The chain industry was no exception. Since March, there were many chain companies going public in Hong Kong.
When Belle went public, the storm reached its peak.
"Go public like Belle!"
This sentence had become the slogan of the chain industry. Countless chain companies were excited and were preparing to go public.
Yuan Chengdao had mentioned the listing to Li Dong, but Li Dong did not care.
Originally, he thought it was the right time. Belle went public and raised 10 billion HKD. This was more shocking than Country Garden going public Far away.
Country Garden was a real estate company. It was reasonable for it to raise 10 billion HKD.
However, Belle was a chain company. Although it was famous, it was not well-known.
Although Yuanfang Group was also involved in real estate, it actually considered itself to be a chain company. Under such circumstances, Belle's listing had achieved such great success. Yuan Chengdao felt that Li Dong should have sensed this trend.
With the help of Belle and the scale and reputation of Faraway Supermarket, Yuan Chengdao felt that once Faraway Supermarket went public, it would not be worse than Belle.
In the end, when he brought up this matter, he didn't expect Li Dong to not care at all. How could he accept this?
Li Dong frowned slightly and glanced at him. "We don't seem to be short of money now that we have sold the land of Dong Yu Real Estate. Do we still need to go public to make money?"
"General Manager Li, do you think going public is just to make money?"
"Isn't it?"
Yuan Chengdao quickly said, "Of course not!"
"Making money … Financing is only one of the purposes of going public, not the whole purpose.
As a listed company, there were too many benefits.
Let me make a few simple points. First, advertising effect.
Once the company was listed, it would attract the attention of all shareholders and financial media. It would increase the company's position and reputation in the market and win the trust of customers and suppliers.
Secondly, attract talents.
Listed companies had a natural attraction for talents. It didn't matter even if the salary was a little low. A lot of talents were willing to work in listed companies.
Third, establish credibility.
Listed companies had a high degree of transparency. Whether it was financing or credit, they would be favored by the market.
Fourth, safety effect.
As a listed company, the interests of shareholders are linked to the majority of shareholders. The security of the company's assets would also be the greatest guarantee.
Fifth … "
Li Dong did not interrupt him and let him speak.
After he finished, Li Dong said calmly, "Other than the benefits, there are no disadvantages?"
Yuan Chengdao hurriedly said, "Of course there are no disadvantages. But I think the advantages outweigh the disadvantages. We can implement it."
Li Dong shook his head. "The advantages and disadvantages in your eyes are different from mine. Let's not talk about this for now."
It was not that Li Dong had not considered whether it was good for the company to go public.
But at least for now, some things were still disadvantageous to Li Dong.
Diluting the shares was only one reason. Another reason was that as a listed company, there was too much transparency.
Li Dong did not want to completely expose himself in front of the public. Some things might seem insignificant, but once they were exposed to the spotlight, it would be difficult to withstand people's speculations.
Furthermore, even if the company could raise funds by going public, how much could it raise?
Belle had raised 10 billion yuan, but it did not mean that they could raise that much money Far away.
Li Dong did not want to end up in a dilemma for the sake of a few billion dollars.
Seeing that Yuan Chengdao still wanted to say something, Li Dong frowned and said, "Let's not talk about this for now. Also, let me remind you that some things are not feasible just because you think it is feasible! If you have time, you can research the top ranked supermarkets in China. How many large-scale supermarkets are listed? Other than Hualian, whether it is China Resources Vanguard, Suguo, Yonghui, Agribusiness, why didn't these companies choose to go public now? Don't blindly follow the trend of other companies going public. Going public, going public, other than sounding better in name, I don't think there are many benefits. Furthermore, the money from the financing is not for nothing. I don't want to ruin my overall plan for this small amount of money. Understand? "
"But …"
"No buts!"
Li Dong's tone was a bit heavier as he said coldly, "I naturally have my reasons for not choosing to go public! Director Yuan, just do your job well and that will be enough! If you lack money, I will think of a way. Although Far away has been struggling in the past few years, when it is time to use money, do you lack money? You previously questioned about investing in Sichuan Airlines and Beiwan Logistics Park. Now it has begun, and the company's capital chain has not broken! So in the next few years, I will not consider going public. Do you understand what I mean? "
Yuan Chengdao's face changed, and finally nodded dejectedly, "I understand."
"That's for the best."
After saying this, Li Dong left straight away.
He actually understood Yuan Chengdao's thoughts, or it could be said that the overseas returnees had some of these thoughts.
They looked down on private enterprises and felt that family-owned enterprises had no future. They felt that going public was the only way out.
Once they saw the opportunity to go public, these people's thoughts would naturally be biased towards going public, regardless of whether going public would bring the greatest benefits.
After selling Dongyu Real Estate's land, Far Away was at least not short of money at the moment.
But Yuan Chengdao still wanted to go public, and this tendency was even more obvious.
Not only him, many people in the company actually had this thought, and most of the highly educated management had this tendency.
Li Dong was too lazy to care about it now, and he did not want to explain.
These highly educated people who were brought in later all thought highly of themselves and always wanted Li Dong to follow their ideas.
But if he really followed their ideas, would Far Away be able to do what it was doing now?
The model of other companies did not necessarily mean that Far Away was suitable. As a rising star, Li Dong did not need too much questioning and brainstorming at this time.
If he wanted Far Away to catch up with others, then he had to follow his ideas.
The details could be handled by these executives, but the overall situation was still decided by him. If he wanted to get Li Dong out now, he would think about it in ten years.
…
In June, Dongyu Real Estate was still selling land.
Speculations and doubts from the outside world continued to emerge.
Some people said that Far Away was once again in a capital chain crisis, some people said that Far Away was preparing to officially withdraw from the real estate industry, and some people guessed that it was related to Du Anmin.
In June, Du Anmin's transfer was no longer a secret.
People with a slightly higher social class all knew that in a few months, Jiangbei No. 1 would have a new owner.
During this time, Qin Hanyuan also had more and more opportunities to appear in front of the media, faintly overshadowing Du Anmin.
Some people who were sensitive to politics could detect something from the news in Jiangbei.
When Du Anmin was about to leave Jiangbei, Far Away suddenly withdrew from the real estate industry, and many people showed an expression as if they were used to it.
Faraway Group did not care about the doubts from the outside world, and methodically continued with their own plan.
On June 5th, a piece of news came out that shocked many people.
Three parties, Sichuan State-owned Assets Supervision and Administration Commission, Sinotrans Air Transport Development Co., Ltd., and Faraway Group, jointly signed "Sichuan Airlines Group Restructuring and Reorganization Investor Cooperation Agreement" in Sichuan.
The three investors unanimously agreed to carry out the overall restructuring of Sichuan Airlines with capital increase in accordance with the relevant national laws.
The capital structure of the new company was: "Sichuan State-owned Assets Supervision and Administration Commission contributed all of Sichuan Airlines Group's net assets, accounting for 49% of the registered capital. Sinotrans and Faraway Group contributed RMB in cash, accounting for 26% and 25% of the registered capital, respectively."
As soon as the news came out, the industry was suddenly shocked.
Faraway Group actually went to Sichuan to set up an airline company!
At this time, outsiders only saw the excitement. In their eyes, an airline company was too high-end.
Originally, in their eyes, Far Away was a supermarket that sold things. Who would have thought that Far Away would quietly become the big boss of an airline company.
As soon as the news came out, the audience suddenly looked at Far Away in a different light.
Of course, outsiders were just joining in the fun.
Insiders were able to see something. Far Away invested in Sichuan Airlines, and the Sichuan Provincial Party Committee issued a statement that it was committed to building a logistics center in the southwest region.
Soon, everyone understood what Li Dong wanted to do. This guy wanted to make Far Away Logistics big.
After Faraway Supermarket, this time Far Away invested in Sichuan Airlines. Soon, Faraway Group would have another pillar industry.
When Faraway Group and Jiangbei Provincial Government's negotiation of North Bay Logistics Park was revealed, this purpose became even more obvious.
At the same time, many people were shocked by Li Dong's courage.
This guy gave up the seemingly promising real estate project and turned to the logistics industry. This guy really had the guts!
Although the investment amount of North Bay Logistics Park and Sichuan Airlines was not disclosed, anyone with a little economic awareness knew that the total investment of these two major projects was probably no less than 6 billion.
In addition, Far Away Logistics had been expanding rapidly since last year, and the total investment was no less than 2 billion.
In other words, for a logistics industry, Far Away invested nearly 10 billion in a year!
For a time, the logistics industry was turbulent, but the Hua Dong real estate industry was relieved.
According to the previous stance of Dong Yu Real Estate, the Hua Dong real estate industry knew that this was a fierce tiger. As long as Dong Yu Real Estate stabilized the situation in Jiangbei, it would soon enter the Hua Dong real estate industry.
As a result, they were ready to fight with Dong Yu Real Estate. However, Li Dong suddenly gave up the real estate business and spent a huge amount of money to enter the logistics industry.
At this time, some people laughed at Li Dong's stupidity, and some people admired him from the bottom of their hearts.
At least if it was someone else, no one would have the courage to do such a thing.
The benefits of the real estate industry were huge, especially with the current trend, it was almost like robbing money.
At this time, he gave up the real estate business and spent nearly 10 billion to invest in the logistics industry. This was not something that could be done with just the layout of the industry.
Some people were happy, while others were worried. As for the rumors of capital chain rupture, it naturally fell apart.
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
