Rebirth of the Wild Age

The sponsor of Xifeng Company's listing in Hong Kong City is BNP Peregrine. Although Jinniu Capital also has a securities business license, after all, the major shareholders of the two companies are Song Weiyang, and there may be side effects during the stock exchange's review. Jinniu Capital also participated in it. Although it was not a sponsor, it also acted as an intermediary.

When Xifeng adjusted its departmental structure, the company name also changed, from "Xifeng Food and Beverage Co., Ltd." to "Xifeng Food and Beverage Co., Ltd.", and it was sold to all internal employees (more than one year of employment) original stock.

"Original stocks" were extremely attractive in the 1990s, at least in mainland China.

The reason is that the development of the securities market is not perfect, and the enterprises and shareholders are immature. Fall below the issue price? nonexistent. In the 1990s, any company that was able to go public had to go up several times at the beginning of its listing, and the original stock could almost make a 100% profit.

Therefore, the wealth myth of original shares has been circulating among the people: a state-owned enterprise has reformed its shareholding system and is preparing to go public. Ordinary employees can also receive a small amount of original shares, and some employees even borrow money to buy original shares. Once this state-owned enterprise goes public, the original shares worth 1,000 yuan will turn into tens of thousands of yuan in minutes, making the neighbors envious.

This kind of situation is very common, so the more it spread, the more evil it became. In the end, it became a worker who invested a few hundred yuan, and immediately earned hundreds of thousands after being listed. Some people really believe it, and the lower the level of the people, the more convinced they are of such rumors, dreaming that their company can also go public.

Let’s just talk about Rongping City. Wuliangye in the next-door city went on the market not long ago.

Due to the continuous expansion of Wuliangye's territory and the lack of sufficient funds for the time being, some farmers whose land was occupied and demolished in the surrounding area were actually allocated a small amount of original shares. As a result, the "insider information" spread to Rongping City, and it became: a farmer was occupied by Wuliangye, and the compensation for the cultivated land was not enough, so he got 100 original shares. At the beginning of the year, the farmer was still complaining everywhere, and even went to the city government to petition. Hey, Wuliangye went public not long ago, and the original stock in the hands of the farmer was already worth 100,000 yuan!

As soon as the news of Xifeng Company’s announcement of the issuance of original stock came out, it immediately caused a violent reaction. Many ordinary employees ran around, just to borrow more money to buy stocks.

Even some social people who are not employees of Xifeng are coveted by this, and use their connections to get through the back door everywhere.

The employees of branch factories and sales branches all over the country also responded positively. Some even postponed their wedding and used the money from the wedding to buy original stock.

The senior management of Xifeng was overwhelmed, so they could only expand the issuance of original shares while setting the purchase limit for each employee. Moreover, employees with higher rank and longer working experience can purchase more original shares and have the right to subscribe first, and those in the lower ranks may not be able to buy them if they want to.

Including Yang Xin, Zheng Xuehong, Chen Tao and other high-level executives, they used all their savings to subscribe. Not only were their shares not diluted, but they also took advantage of the opportunity to increase a little—Song Weiyang lent them money, which was actually a disguised gift of shares , otherwise they wouldn't be able to spend that much money.

In a word, Song Weiyang is sending money!

The effect is obvious. From high-level cadres to low-level employees, the work enthusiasm has been improved by a whole level.

Many ordinary employees who tend to be conservative were not interested in original shares. But soon I was infected by this atmosphere, and took out spare money to buy a small amount of 10 or 20 shares. When I went out, I could pat my chest and say to people: "I am now a shareholder of Xifeng Company!"

After the internal sale of the original stock was completed, Song Weiyang's shares shrank a lot, and the shareholding structure became: Song Weiyang (56%), Song Qizhi (18.5%), Guo Xiaolan (8%), Yang Xin (5.5%), Zheng Xuehong (5.5%) ), Chen Tao (3.5%), and other employees (3%).

All of a sudden, the company's cash amount increased by 120 million yuan, and Song Weiyang borrowed tens of millions to buy stocks for the company's top management.

Xifeng's high-level cadres will definitely be rich in the future, but now they owe Song Weiyang a huge debt, and what they get in exchange is only the original shares that cannot be cashed for the time being.

At the same time, people from bnp Peregrine and Taurus Capital have also settled in Xifeng Company to conduct situation investigation, problem diagnosis, professional training and listing business guidance for the company. Until mid-November, Peregrine completed the inspection of Xifeng Company and submitted the listing application documents to the securities regulatory department of Hong Kong City.

Peregrine is still very powerful. The former partner of the vice president Liang Botao was the former vice chairman of the Hong Kong Securities Regulatory Commission. son as a nanny).

On the one hand, Peregrine has a strong relationship, and on the other hand, Xifeng Company has strength. It only took a few days to pass the initial review, and officially passed the listing application of Xifeng Company in early December.

The speed is too fast!

Of course, there is also a big environmental background. Now the stock market in Hong Kong City is in the recovery stage, and there is an urgent need for companies with good performance to add fuel to the fire. Yang Xin started planning to go public the year before last, and the preparations are relatively complete, and he can't find any loopholes in every aspect.

At the end of the year, Yang Xin left his job and took Chen Tao to Hong Kong City for an "ipo roadshow".

The effect of the road show is still very good, and Song Weiyang's influence is also in it. Continental Dingxie, a stock god, the man who just confronted Soros, also showed his outstanding talent in the book "The Future Belongs to China". Financial institutions have great confidence in Song Weiyang, and they also have great confidence in Xifeng Company, which has a good performance. Have confidence.

After repeated calculations, discussions and communication, the total listed share capital of Xifeng Company is set at 3.8 billion shares, of which 1 billion shares are newly issued shares, including Peregrine, Taurus Capital, Citibank, Bank of China Investment, HSBC and many other institutions are willing to subscribe or underwriting.

Moreover, the issue price was set relatively high at HK$1.5 per share.

The listing date of Xifeng Company was determined as January 1, 1999.

Of course, this is a few months later, let's talk about the present.

The first batch of PHS with self-produced main boards of Shenzhou Science and Technology Company has already started to be sold. After 7 months of repeated testing and modification, the China PHS main board is not inferior to the products of Taiwanese companies at all, at least PHS users do not feel any difference.

While Shenzhou Technology's PHS business was in full swing, Huawei also started gsm technology research and development this summer—and then it exploded. Mr. Ren was so anxious that he wanted to jump off the building, looking for financing and banks everywhere.

Speaking of Huawei's gsm research and development project, Huawei's top executives characterized it as "ignorant and conceited." I don't understand anything, I went in recklessly, and then I was trapped, so I could only bite the bullet and go on doing it, and at the same time, I was crazily suppressed from all sides.

In the early 1990s, the leader of China's fixed-line network equipment was Bell Telephone Company, which was a foreign company by name.

Foreign companies did not pay attention to Chinese local companies, so they paid a heavy price. The fixed-line equipment business was snatched up by "Dragon (Tang) Zhongxing (Huawei)" within a few years. Now that Huawei is going to make gsm equipment, foreign companies are suddenly alerted. The head of the mobile business of Bell Telephone Company even said: "I would rather be dismissed because the price is too low than to be dismissed because of losing the market!"

Therefore, when the research and development of Huawei's gsm project achieved results, it was the first time it participated in the bidding, but it was jointly suppressed by Ericsson, Bell and other foreign companies. The foreign company first falsely reported a very high price, and Huawei foolishly lowered the price a little bit. As a result, the bidding prices of foreign companies collectively plunged, which was jaw-droppingly low.

Huawei's turnaround was the development of the world's first mobile intelligent network technology based on new international standards. Mobile companies used this technology to establish "Monternet".

At that time, major foreign companies signed a private agreement on the intelligent network, and each user charged $300. Huawei is awesome, and the direct price is more than 100 yuan, which is only one-twentieth of the price of foreign companies, which stunned the officials of the mobile company.

What is the price of a butcher?

You have the ability to reduce the price to one-twentieth!

The mobile intelligent network technology developed by Huawei has also enabled Internet companies such as Tencent, Sina, Sohu, and Netease to survive. At that time, the dot-com bubble was bursting, and Internet companies could not find any profit points. Monternet brought huge profits to these companies, otherwise they would not know how to survive.

That was after 2000, and now Huawei, the funds are being drained by research and development projects a little bit.

Even embarrassed to the point of fooling employees!

Huawei has established an in-house bank and issues a Sunshine Card to its employees, which includes all wages and higher interest rates than other banks. Those stupid programmers kept all their wealth in the internal bank, and even the bonuses and dividends at the end of the year were fooled by the leaders to buy Huawei's virtual restricted shares.

Once Huawei's gsm project goes bankrupt, these employees will lose everything!

At the same time, it is not known who instigated it. The relevant departments received more than 3,000 reports, saying that Huawei owed 10 billion wages to workers, 10 billion to customers, and 10 billion to the government in taxes.

Although the relevant departments ignored these exaggerated and outrageous false accusation letters, the letters were inexplicably exposed and even reported by the media. Most of Huawei's customers are enterprises, institutions and government agencies. The heads of the units are afraid of taking political risks and dare not cooperate with Huawei. As a result, Huawei has not received an order for half a year.

Not only that, Huawei previously established joint sales companies with local telecommunications bureaus, which seized a large number of markets. Now, the telecommunications bureau has been ordered not to open such a company, and all of them have been cleared and settled. The close relationship between Huawei and China Telecom has been severed.

The order could not be received, the company's funds had bottomed out, and huge R\u0026D expenses had to be invested. This was Huawei's predicament from 1998 to 1999.

At the beginning of November, Song Weiyang received a call from China Science and Technology.

Huawei asked for investment, the more money the better, but it can only buy restricted shares, that is, shares without voting rights. If Song Weiyang invested in Huawei, he would not be able to participate in the management. At most, he would send people to check the accounts regularly.