Reborn as a tycoon in Hong Kong
Chapter 735 Assistants’ Report (Part 1) (2-in-1)
In the morning, Lin Baicheng got up early to exercise.
The villa here includes a large piece of grassland, which is big enough for Lin Baicheng to exercise.
"Good morning, sir!" "Good morning, BOSS!".
Lin Baicheng got up early to exercise, so his bodyguards naturally couldn't sleep in, so they calculated the time before Lin Baicheng, the big boss, got up to exercise.
Of course, there are exceptions to the night shift, as those on the night shift have already gone to bed.
The bodyguards around Lin Baicheng were on duty in turns. There were bodyguards on duty even at night, so no one would know if he was infiltrated at night.
"Good morning!"
Lin Baicheng nodded and greeted them. These bodyguards who often followed him could be said to be his cronies.
After the exercise, Lin Baicheng went downstairs to take a shower.
"Haruko, when did you come?"
After taking a shower and coming down for breakfast, Lin Baicheng saw Maori Haruko.
"Makoto-kun!"
Haruko Maori, who was sitting on the sofa reading the newspaper, immediately stood up and came to Lin Baicheng's side.
"I just came here and I haven't even eaten breakfast."
"Since we didn't have breakfast, let's eat together."
Lin Baicheng walked towards the restaurant with Maori Haruko in his arms.
Maori Haruko was already used to eating Chinese breakfast, and she ate it directly with Lin Baicheng.
Lin Baicheng also didn't have the habit of being silent while eating and sleeping. He looked at Haruko Maori and said, "Haruko, aren't you recruiting people in New York? Why are you here?"
Lin Baicheng asked Mao Li Haruko and his sister Lin Shufang to form their own teams to help him manage the huge investment. Now both teams are recruiting people. When he arrived in Los Angeles the day before yesterday, he knew that Mao Li Haruko was in New York.
Maori Haruko: "Today is a holiday. I missed you, so I came over right away. Isn't it unwelcome to you, Mr. Cheng?"
"Of course not. It's not too late for me to welcome you."
Lin Baicheng smiled. As long as it didn't affect his work, he wouldn't be angry even if Maori Haruko came over without saying hello.
"I knew you wouldn't be angry, Cheng-kun."
Maori Haruko chuckled. She now knew Lin Baicheng's character very well and knew that he would not be angry if she did this. Otherwise, she would not risk making him angry for no reason.
Lin Baicheng said: "I'm going to play golf in the afternoon, do you want to come with me? I made an appointment with Smith and the others, but I couldn't keep the appointment."
"Okay, I can do that."
Maori Haruko responded immediately, and then said: "What about the morning? Cheng-kun, if you are okay, can you accompany me for a walk?"
"Not in the morning."
Lin Baicheng looked at his watch: "At nine o'clock, Harveys and the others will come over to report to me."
"Cheng-kun, you work really hard. You have to work even on holidays."
Maori Haruko understood clearly after hearing this that the Secretariat was coming to report to the big boss Lin Baicheng what happened in various companies while he was away from the United States.
Although when Lin Baicheng was in Xiangjiang, the Secretariat would report to Lin Baicheng when something happened, but those reports were all major matters, and reporting over the phone was not as clear as reporting in person.
"Compared with ordinary people, my so-called hard work is nothing."
Lin Baicheng smiled and shook his head. Even though today is Saturday, most ordinary office workers still have to work today, and the work content will only be more difficult.
At half past eight, Bill Harveys and others came to the villa half an hour early.
Lin Baicheng had already finished breakfast for a while at this time, so when he saw them arriving, he asked Maori Haruko to pass the time by herself, while he called Bill Harveys and others to the study upstairs.
Looking at the group of people going upstairs, Maori Haruko blinked her eyes, but did not say anything about following them.
That's right, Lin Baicheng did not call Maori Haruko to listen. Now that Haruko Mouri has been transferred to be responsible for the investment of that huge sum of money, she should do this job well, and she will not have to worry about the affairs of the American company.
Although he trusted Maori Haruko very much, Lin Baicheng still didn't want Maori Haruko to know all his properties, and he still knew everything about it.
It is definitely not a good thing to let someone know the details of all the properties under his name, and Lin Baicheng knows this.
"Everyone, sit down."
In the study, Lin Baicheng motioned to his assistants to sit down and talk.
"Thank you, Chairman!"
The assistants thanked him in unison and each found a place to sit down.
There are currently six assistants in the Secretariat in the United States, including Bill Harveys, the director. The other five are Tyne Masku, Gil Kvis, Brian Carroll, and Seth. En Volter and Anne Haley.
Among them, Tyne Masku and Gil Kvis are the deputy directors of the Secretariat, and they happen to be a man and a woman.
Among the three of Brian Carroll, Thane Volt and Anne Haley, Brian Carroll and Anne Haley are both women. The former Carroll has more seniority, and Thane Volt Walter and Anne Haley had just become assistants.
Of course, under these six people, the Secretariat has more secretaries as their assistants.
Lin Baicheng looked at the six people and said, "First tell me about the progress of New Century Software Company in preparing to go public."
"Chairman, I am mainly responsible for follow-up and docking at New Century Software Company, so let me report."
Tyne Marcus spoke up, and after Lin Baicheng nodded, he said: "New Century Software has currently confirmed that Goldman Sachs, Citigroup and Merrill Lynch will serve as the listed underwriters. The company is initially scheduled to go public on the first Monday after Halloween. It will be launched on November 3. If there are any changes in the meantime, the time can be negotiated again."
"The market value of the company's listing is initially set at US$1.2 billion, with a total of 200 million shares, and the listing price is US$6. The final listing price depends on whether the road show goes smoothly."
"If everything goes well and a large amount of funds are snapped up, the company can renegotiate the stock price based on the actual sales. On the contrary, if there are not enough funds to undertake it, not only the listing price will be reduced, but in serious cases, the listing failure is not impossible."
"This time the company will sell 20% of its shares, worth US$240 million, each of the three institutions will subscribe for US$24 million worth of shares, which is 2% of the shares, for a total of US$72 million."
"In other words, the value of the shares to be sold during the listing roadshow is US$168 million."
"Judging from the current situation, as long as the company does not suddenly encounter negative news with a greater impact, there will be no problem in completing the subscription of all stocks."
Lin Baicheng listened silently. The listed market value of New Century Software Company was not very high, but it was still within his acceptance range. When the market value was determined before, he had confirmed it with him and got his approval.
New Century Software's profits last year were as high as US$112 million. Not surprisingly, this year's profits will be around US$150 million, achieving a growth of about 35%.
Logically speaking, the listed market value of New Century Software Company should not be only US$1.2 billion. A market value of US$1.5 billion is not much.
However, Wall Street capital is not a fool. Goldman Sachs and other institutions have judged that the annual growth rate of New Century Software's current main business, office software, is limited. It is expected that such high profits this year will be due to the development and expansion of overseas markets.
According to predictions by Wall Street institutions, the profits brought by the office software business to New Century Software Company will decrease year by year. After all, the market capacity is limited.
This is still calculated when New Century Software Company has no rivals. If one day a rival suddenly pops up and bypasses New Century Software Company's office software patents and develops office software that is more accepted by the market, then New Century Software The company's revenue will inevitably be severely impacted, and it is not impossible that the company's market value will be cut in half by then.
Therefore, under these uncertainties, it is impossible for Wall Street institutions to give too high a price-to-earnings ratio and lower the listed market value of New Century Software Company. This reduces their risk while increasing their returns.
Wall Street institutions actually don't care about New Century Software's revenue and profits in a few years, as long as they stabilize before going public and give them time to sell off their stocks.
For institutions such as Goldman Sachs, the operating conditions of the companies to be listed are not that important. As long as they can earn underwriting fees, sell off the subscribed stocks and put the profits in their pockets, then even if the company goes bankrupt in the future, it will be the same as theirs. It doesn't matter.
It can even be said that being able to determine that the performance of listed companies will deteriorate in the future is also good for Goldman Sachs. They can wait for opportunities to short-sell and make a lot of money.
After reporting on New Century Software's plan to go public, Tyne Marcus turned to talk about other things, such as the frequent exchanges between a senior executive of the company and Wall Street capital, etc.
All these matters, big or small, must be reported to Lin Baicheng one by one.
"Okay, let's continue to follow up on the listing of New Century Software. Everything is focused on ensuring the company's smooth listing."
Lin Baicheng nodded. He currently holds 75% of the shares of New Century Software Company. Even if the company needs to invest 20% of the shares held in the listing, he will still have 60% of the shares left.
For the time being, let's calculate the market value of New Century Software Company at US$1.2 billion. 60% of the shares are worth US$720 million. Lin Baicheng's wealth can be increased a lot.
With a wealth of US$720 million, the investment was only US$10 million. In more than two years, the investment increased 72 times, and the profit was more than US$700 million. It was a huge profit.
However, regardless of the fact that the investment has increased by more than 70 times in two years, it is very high, but when compared with it, when the Internet era comes, the return on investment will be hundreds or thousands of times. That is truly astonishing. .
"The company's current overseas expansion is going quite smoothly, and the company's revenue and profits this year mainly rely on overseas operations."
"The company is about to go public now, and employees can all get incentive stock options. Everyone is looking forward to the appreciation of their stocks after the company goes public, so everyone is full of enthusiasm for doing things."
"However, Chairman, Wall Street capital still has some criticisms about President Kent taking up the position of president of the company. They all say that if a more experienced person is appointed as president, the market will have more confidence in the company's stock, and more capital will pursue the company. of stocks.”
Tyne Marcus continued to report other things about New Century Software Company. When it came to Isabella, he hesitated for a while, but finally said it.
"Ignore what the outside world says."
Lin Baicheng glanced at them: "What you have to do is to help Bella manage New Century Software Company and firmly control the company. Of course, if Bella does not do well, you must also remind her and even tell her I'll report."
Lin Baicheng will not easily replace Isabella. Wall Street capital may be right. Replacing Isabella can increase the market value of the company's listing. But the problem is that Isabella is his confidant. By Isabella As president of a company, he has control over the company.
If he were to change to a professional manager who was not a confidant, Lin Baicheng could not guarantee that the other party would always listen to him. He might one day betray him and collude with Wall Street capital, eventually taking the company out of his control, and his losses would be even greater. .
After the listing of New Century Software, Lin Baicheng will only have 60% of the company's shares. These shares will be divided into several shares before the listing. On the surface, Lin Baicheng will only control 30% of the shares, and he does not rule out the possibility of continuing to reduce his holdings in the future.
In this case, it is very important whether the company president is his person.
Earn less now for longer-term stability in the future.
Several assistants, especially Tyne Marcus, expressed their understanding. They all could see their boss's trust in Isabella Kent.
After that, Tyne Marcus continued to report.
"For Starlight Company, the expansion of physical stores has slowed down, with only a few new stores opening every month as a supplement to current channels."
"In addition to the toys produced by the Jupiter Toy Company in Hong Kong, the company currently sells toys that are popular in China as an agent. In addition, it is also researching the market and may have the intention of acquiring toy manufacturing companies in China. .”
"The company's manager Davis is spending more energy on employee management and integration. The company is developing too fast, and some employees cannot keep up with the company's development progress. Manager Davis is asking these employees to undergo training. Those who are not qualified Will be cleared out.”
"In terms of company performance, sales are relatively stable, with a certain increase compared with last year."
"In general, there are no big problems with Starlight Company."
The assistants not only came to report, but also brought some documents. When Tyne Marcus reported, Lin Baicheng listened and looked at the company's documents.
Lin Baicheng nodded. Starlight Company is a channel company, and channels want stability.
Next up was Brian Carroll, who followed up with Morningstar Pictures, which also included Blockbuster.
Lin Baicheng has actually heard reports from Shirley Lansing and Errol Kilman about these two companies. However, these two are the bosses of their respective companies. It is possible that they reported good news but not bad news, or they concealed something and did not report it. some type of.
Therefore, Lin Baicheng must listen to what his assistants say so as not to be fooled.
Fortunately, after listening to Errol Kilman's report, Lin Baicheng could confirm that Shirley Lansing and the others did not fool him unless they got rid of the assistant in charge of docking.
And it is not enough to just get the assistant responsible for docking, because although the assistants have their own companies responsible for docking, each assistant can suddenly intervene in the affairs of other companies, so it is difficult to hide it from other assistants, unless all assistants unite to fight back almost.
It's just that this kind of thing is basically impossible to happen, and everyone is not very familiar with it, so how can they dare to completely trust other people. If someone reports it, the person being reported will be miserable.
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