Rebirth of the Wild Age

The sponsor of Xifeng'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 some problems during the review of the Stock Exchange. Taurus Capital is also involved. Although it is not a sponsor, it also acts as an intermediary.

When Xifeng was restructuring the department, the company name was also changed, from "Xifeng Food and Beverage Co., Ltd." to "Xifeng Food and Beverage Co., Ltd." and sold to all internal employees (with more than one year of employment) Original shares.

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

The reason is the imperfect development of the securities market and the immature enterprises and stockholders. Below the issue price? nonexistent. In the 1990s, any company that was able to go public had to go up a few waves at the beginning of the listing, and the original shares could make almost 100% profit.

Therefore, the wealth myth of original shares has been circulating among the people: a state-owned enterprise reforms and prepares to go public, and ordinary employees can also get a small amount of original shares, and some employees even borrow money everywhere to buy original shares. Once this state-owned enterprise goes public, the original stock of 1,000 yuan will turn into tens of thousands of yuan every minute, which will envy all neighbors.

This kind of situation is very common, so the more it spreads, the more evil it gets. In the end, a worker invests a few hundred yuan, and immediately gains hundreds of thousands of dollars after going public. Some people really believe that, and the lower the people, the more convinced of such rumors, and they dream that their company can go public.

Let's talk about Rongping City. Wuliangye in the next city was listed not long ago.

Due to Wuliangye's continuous expansion of the site, and temporarily unable to provide sufficient funds, some farmers in the surrounding areas who have been demolished and demolished have also been allocated a small amount of original shares. As a result, "inside information" spread to Rongping City, and it became: A certain farmer was occupied by Wuliangye, and the compensation for the cultivated land was not enough, and he received 100 original shares. At the beginning of the year, the farmer complained everywhere and even went to the city government to petition. Hehe, Wuliangye went public not long ago, and the original stock in the hands of the farmer is already worth 100,000 yuan!

When the news of Xifeng Company's announcement of the original stock sale came out, it immediately caused a violent response. Many ordinary employees ran around just to borrow more money to buy stocks.

Even some people in society who are not employees of Xifeng are also coveting this, and they are asking the back door for their relationship everywhere.

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

The senior executives of Xifeng were so overwhelmed that they could only increase the sale of original shares while stipulating the purchase limit for each employee. Moreover, the higher the level and the longer the working experience, the more original shares can be purchased, and they have the priority to subscribe. Those who are behind may not be able to buy them if they want to.

Senior executives including Yang Xin, Zheng Xuehong, Chen Tao, etc., took out all their savings to subscribe. Not only did their shares not get diluted, they also took the opportunity to rise a bit. Song Weiyang lent them money, in fact, giving shares in disguise. , Otherwise they won’t be able to spend so much money.

In a word, Song Weiyang is giving money!

The effect is obvious. From high-level cadres to low-level employees, the overall work enthusiasm has increased by one level.

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

When the internal sale of the original shares 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%), other employees hold shares (3%).

Suddenly, the company's cash volume increased by 120 million yuan, and Song Weiyang borrowed tens of millions to buy stocks for the company's senior management.

The senior cadres of Xifeng will definitely be rich people in the future, but now they owe Song Weiyang a debt, and they only get the original shares that cannot be cashed out for the time being.

At the same time, people from BNP Peregrine and Jinniu Capital have also settled in Xifeng Company to conduct situation investigations, problem diagnosis, professional training and guidance on listing operations. Until mid-November, Peregrine completed the verification 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 Vice President Liang Botao was the former vice chairman of the Hong Kong City Securities Regulatory Commission. The son is a nanny).

On the one hand, Peregrine has a strong relationship, and on the other hand, Xifeng has the strength. The preliminary review was passed within a few days, and Xifeng’s listing application was formally approved in early December.

The speed is so fast!

Of course, this also has a general environmental background. The Hong Kong city stock market is now in the recovery phase, and companies with good performance are in urgent need to add firewood. Yang Xin started planning to go public the year before, and the preparations are relatively complete, and no loopholes can be found in all aspects.

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

The road show effect is still very good, and Song Weiyang's influence is also among them. Ding Crab from mainland China, the **** of stocks, the man who talked to Soros and Gang, also showed his outstanding talents in the book "The Future Belongs to China". Financial institutions have great confidence in Song Weiyang, and they are also very interested in the good performance of Xifeng Company. Have confidence.

After repeated calculations, discussions, and communication, Xifeng's total listed equity is determined to be 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 willing to subscribe Or underwriting.

And the issue price is set relatively high, 1.5 Hong Kong dollars per share.

Xifeng's listing date was determined as January 1, 1999.

Of course, this is a few months later, let’s go back to the present.

The first batch of PHS, which is a motherboard produced by Shenzhou Technology, has already been put on sale. After 7 months of repeated testing and modification, the China PHS motherboard is not inferior to Taiwanese products, at least PHS users did not feel any difference.

As China Technology's PHS business is in full swing, Huawei also started GSM technology research and development this summer-and then it exploded. Mr. Ren was so anxious to jump off the building to find people for financing and borrow money from banks everywhere.

Speaking of Huawei's GSM research and development projects, Huawei's senior management characterizes it as "ignorant and arrogant." He didn't understand anything, went in recklessly, and was trapped. He had no choice but to bite the bullet and go down. At the same time, he was madly suppressed from all sides.

In the early 1990s, the leader of China's fixed-line network equipment was Bell Telephone Company, and you would know it was a foreign company just by hearing the name.

Foreign companies did not pay attention to local Chinese companies, so they paid a heavy price. The fixed-line equipment business was robbed of the "Ju (Long) Data (Tang)) Zhong (Xing) Hua (Wei within a few years. Now that we learn that Huawei will be making GSM equipment, foreign companies immediately wake up. The head of mobile business of Bell Telephone even said: "I would rather be removed because of the low price than because of the loss of the market!"

As a result, when Huawei GSM project research and development has achieved results, the first time it participated in the bidding, it encountered the joint suppression of Ericsson, Bell and other foreign companies. Foreign companies first falsely reported a very high price, and Huawei stupidly lowered the bid price. As a result, the bidding prices of foreign companies plunged into a jaw-droppingly low price.

Huawei's turnaround is to develop the world's first mobile intelligent network technology based on new international standards. The mobile company uses this technology to establish the "Monternet".

At that time, major foreign companies signed private agreements on intelligent networks, charging US$300 per user. Huawei was so powerful that the direct price was more than 100 yuan, which was only one twentieth of the price of foreign companies, which stunned the officials of the mobile company.

What is the price butcher?

You have a kind of price cut to one twentieth!

The mobile intelligent network technology developed by Huawei has also made Internet companies such as Tencent, Sina, Sohu, and NetEase survive in desperation. At the time when the Internet bubble was burst, Internet companies could not find any profit. Monternet brought huge profits to these companies, otherwise they would not know how to survive.

That's something after 2000~www.wuxiamtl.com~ And now Huawei, funds are being drained by R&D projects little by little.

Even embarrassed to the point of fooling employees!

Huawei has established an internal bank for the company and issued a sunshine card to its employees. The salary is in it, and the interest rate is higher than other banks. Those stupid programmers put all their wealth in the internal bank, and even the bonuses and dividends at the end of the year were used by the leaders to buy Huawei's virtual restricted shares.

Once the Huawei GSM project goes bankrupt, these employees will lose their money!

At the same time, I don’t know who instigated it. Related departments have received more than 3,000 reports stating that Huawei owes 10 billion wages to workers, 10 billion in payment to customers, and 10 billion in taxes to the government.

Although the relevant departments ignored these exaggerated and outrageous false accusations, the letters were inexplicably exposed and even reported by the media. Most of Huawei's customers are enterprises, institutions and government agencies. The person in charge of the unit is afraid of taking political risks and dare not cooperate with Huawei anymore. As a result, Huawei has not received an order for six months.

Not only that, Huawei used to set up joint venture sales companies with local telecommunication bureaus to seize a large number of markets. Now, the telecommunications bureau has been ordered not to open such companies, and all liquidation and settlement have been carried out, and the close relationship between Huawei and telecommunications has been split.

The order was not received, the company's funds had bottomed out, and huge research and development expenses had to be invested. This was the dilemma of Huawei from 1998 to 1999.

In early November, Song Weiyang received a call from China Technology.

Huawei asks for investment. The more money the better, but it can only buy restricted shares, that is, shares without voting rights. If Song Weiyang invests in Huawei, he cannot participate in the management, and at most he will send people to check the accounts regularly.

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