The Richest Man Yang Fei

After Yang Fei returned to China, the first company high-level meeting held was to discuss the sustainable development of the company.

At the meeting, Yang Fei mentioned that one of the secrets to the longevity of island companies is not to go public.

Many companies in the later generations also insisted on not going public. For example, Liby in the daily chemical industry and Huawei in the communication industry have also developed very well and achieved impressive performance.

A famous entrepreneur was quoted as saying that the purpose of listing a company is to raise funds. My company is not short of money, so there is no need for me to go public.

This is so arrogant!

Yang Fei also hopes that one day in the future, he will be able to say such arrogant words.

But whether or not to go public is not the 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.

Meili Group will not be listed for the time being, but Yang Fei can list other industries.

After thinking twice, Yang Fei smiled and said, "Leader, the time for Meili Group to go public is not yet ripe, but 666 Shopping Plaza can go public."

The leader said: "666 Shopping Plaza?"

Yang Feidao: "We have opened more than 20 shopping malls, almost all of the major first- and second-tier cities in China. Each shopping mall has our assets ranging from 300 million to several billion. This industry, in the domestic It already has a certain reputation and considerable profitability, so I think it can be listed. In order to cooperate with the listing, we will also carry out some high-profile activities and further expand.”

The leader was very shocked.

He has heard of 666 Shopping Plaza, and once took his family to the 666 Shopping Plaza in the provincial capital to buy things. He felt that this store is different after visiting once. This store is gone.

However, the leaders did not count the size of the 666 Shopping Plaza.

There are dozens of stores, and the assets of each store have reached 300 million to several billion!

What scale is this?

What is this concept?

Even with the minimum assets, there are more than 20 666 shopping malls,

It is also a multi-billion-planned industry.

If we count those with more assets, wouldn’t they have reached tens of billions of assets?

For such a large company, if it goes public for financing, it will definitely be a big success.

"Does 666 Shopping Plaza also belong to Meili Group?" the leader asked, "Is the company registered in our province?"

"Our first 666 shopping mall is in Huacheng. However, after the completion of the beautiful building in the southern province, I have completed the procedures for changing the company address of the 666 shopping plaza. Shopping malls in other provinces belong to the branch."

"Great!" The leader smiled happily, "It can be listed! Mr. Yang, after 666 Shopping Plaza is listed, your total assets will at least increase by more than 10 billion!"

Yang Fei said with a smile: "If tens of billions can be raised, then the expansion of 666 Shopping Plaza can be accelerated."

The leader asked: "Are you planning to expand abroad?"

Yang Fei said: "First establish a foothold in our own country and occupy all the first- and second-tier cities."

The leader said: "Mr. Yang, you can consider opening a few more stores in the province."

Yang Fei said: "Yes, as long as it is an economically developed city, there will be our 666 Shopping Plaza."

Listing a company does not happen overnight.

There are still many things to do before going public.

In China, only joint-stock companies that have been operating for more than three years are eligible for listing.

Therefore, before the company goes public, it must first complete the shareholding restructuring. This period of time is usually 2 to 3 months, the promoters, divestiture and reorganization, three-year performance, capital verification registration, and asset evaluation.

Then there is the second stage, that is, listing counseling, which usually lasts for one year. The process includes the three-meeting system, business structure, four-period report, teaching tutoring, and tutoring acceptance.

After that, there is the production of issuance materials, which takes one to three months. The prospectus, brokerage recommendation report, securities issuance recommendation, securities listing recommendation, project feasibility study report, pricing analysis report, audit report, and legal opinion must be prepared.

After the preparations are complete, conduct a one-to-two-week brokerage core, that is, on-site research, problems and rectification, core checklist, and core opinions.

After recommendation by the sponsor agency, pre-examination communication, feedback and rectification, meeting arrangement, and issuance of approval documents.

There is also a review meeting. Communication at the meeting, sub-examination of materials, discussion at the meeting, and approval by voting.

Only after doing these things well can we enter the issuance preparation, pre-road show, valuation analysis report, and planning of promotional materials.

After everything is ready, the issuance is implemented, the prospectus is published, the road show is promoted, the inquiry is priced, and the stock is sold.

In the end, it can be listed and circulated, fund transfer verification, change registration, recommendation for listing, and listing on the first day.

After this set of procedures, even with the support of the province and the door of convenience, it will take a year and a half to go public smoothly.

The leader lay on the sofa and asked, "I heard that there is also a garment factory under your name? Why do you rarely see you promoting it?"

Yang Feidao: "The garment factory mainly produces professional clothing such as tooling and school uniforms. It has carried out several rounds of publicity before, and now its performance is steadily improving, and its production capacity is limited. There is no need for excessive publicity."

The leader pondered: "Then why not expand? I have heard a saying that the capable can do anything. With Mr. Yang's business IQ and ability, even if there is an additional garment industry, you can still develop. Our province has a large population , but there is no international clothing brand that can be sold, it is sad to think about it!"

Yang Fei smiled and said: "Leader, I also want to develop the clothing industry, but the clothing business is not as easy as I imagined."

The leader said: "Clothing, food, housing, transportation, this clothing is still ranked first, bigger than the food, real estate, and automobile industries!"

Yang Fei felt reasonable after hearing his explanation.

The current eight-horse garment factory is mainly engaged in professional clothing, but has not formed a strong brand advantage.

According to Yang Fei's logic, second-rate companies sell products, and first-rate companies sell brands. The eight-horse garment factory is undoubtedly a second-rate company.

In fact, Yang Fei seldom puts effort into the management of this enterprise. After cooperating with Jin Dabao, Yang Fei only makes suggestions a few times, and Jin Dabao handles the specific affairs.

Later, Yang Fei reused Jin Dabao and asked him to help him manage the daily chemical raw material affairs.

Jin Dabao seems to have found a new vitality and a second spring. In the daily raw material industry, he is like a fish in water, doing better and better. Instead, he left the business of the Bapima Garment Factory to professional managers.

Hearing such a reminder from the leader, Yang Fei thought that he had recently acquired two clothing factories, so he couldn't help thinking, can he create another industry brand?

The leader said: "Our province has excellent human resources, and the garment factory will not worry about not being able to recruit workers. Our province also has the Lusong Clothing City established in the 1980s, which is the largest clothing market group in the south-central region. In terms of clothing brands, there are also I can't forget to wait for well-known domestic brands. But the only regret is that there is no well-known clothing brand that can be called internationally! Mr. Yang, I have high hopes for our province to create a clothing brand with international influence to you!"

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