Agricultural giant since 1983

Chapter 333

A group of billionaires huddled together in a small windowless room in the VIP Building Hotel in Beijing, but they didn’t feel disgusted at all, because this was the office where the Minsheng Bank formed a planning team, although Li Lei and more than a dozen other companies Everyone in the family contributed 25 yuan for the preparation of Minsheng Bank, but the expenses required to set up a bank are not small, even if there are several million, they have to save money, so they rented the cheapest room in the hotel. It costs a few hundred dollars a day, and there are cheaper hotels, but the key is to have a minimum reputation, and the location is good, so it is convenient to go to various units.

Various companies not only donated money, but also provided manpower. Both Li Lei and Liu Yonghao recruited capable personnel from their own companies to participate in the preparatory team. They are now happily introducing the latest progress to their bosses. When it came down, the higher-ups decided to raise equity capital in the form of promoters, that is to say, only promoters are eligible to buy shares, and shares are not publicly offered. Because Minsheng Bank was initiated by the Federation of Industry and Commerce, investors must be members of the Federation of Industry and Commerce! "

"It should be, it should be!" All the bosses smiled happily. They are all members of the Federation of Industry and Commerce, and they are all qualified to buy shares. This regulation is very beneficial to everyone present, and then Liu Yonghao immediately asked the question that everyone is most concerned about, "The plan is to raise 60 billion yuan, and the shareholding of a single shareholder shall not exceed [-]% of the total share capital. The source of funds must be clear and compliant, and funds that do not comply with regulations will not be accepted.”

"How can I get into the board of directors?" Zhang Hongwei of Dongfang Group is very happy. It is a good thing for him to have a shareholding limit, because his financial strength is not as good as that of Li Lei, Liu Yonghao and others. If there is no limit, Li Lei It is very easy to become a major shareholder. At present, each company has a maximum of [-]%, so that the shareholding is more dispersed, which is beneficial to small shareholders.

"Only with more than 5000 million shares are eligible to join the board of directors. All shareholders vote to elect directors. The chairman is appointed by the Federation of Industry and Commerce. The president and vice president are appointed by the central bank and then elected by the board of directors. There are two vice-chairmen and one One is the president, and the other is the shareholder representative, who are also elected by the board of directors." Jing Shuping personally explained to everyone.

"The first chairman must be your elder. You are the elder who promoted Minsheng Bank, and you are also the chairman of the Federation of Industry and Commerce. If you are not the chairman, who will be the chairman?" Although no one has yet invested in shares or established a board of directors, everyone Everyone felt that Jing Shuping, the chairman, was undisputed.

"Don't talk about this, it's not time to discuss this. Everyone should remember the origin of the name of Minsheng Bank. The enterprise of Mr. Lu Zuofu, the greatest industrialist in modern Chinese industrial and commercial history, is called Minsheng Company. This company is the most influential private enterprise in our country. I hope our Minsheng Bank can also learn from Mr. Lu’s Minsheng Company. Minsheng is a private enterprise. Owning and serving the people, livelihood is life and livelihood, and our Minsheng Bank must always remember this and serve the people!" Jing Shuping expressed his expectations for Minsheng Bank.

Then he said, "Each person takes a prospectus and goes down to study slowly, and then buy shares according to the above regulations; here I would like to remind everyone, I know that everyone has great enthusiasm for the establishment of Minsheng Bank, but don't let it affect the company. normal development.” In fact, he was very worried about whether he could raise 60 billion shares, but he still seriously persuaded the business leaders not to rush forward, but to focus on their own business.

Everyone dispersed one after another, preparing to go back to their respective rooms to seriously study the prospectus, while Jing Shuping and the others stayed here, ready to accept inquiries from future shareholders at any time; future shareholders did not study alone, but got together in twos and threes to discuss , since the equity is relatively dispersed, you have to recruit people who have a good relationship with you to buy the shares together, so as to ensure your influence. Liu Yonghao approached Li Lei, "Mr. Li, shall we discuss it together?"

"If you don't look for me, I have to look for you! Go, go to my room!" Li Lei and Liu Yonghao returned to the room together, flipped through the prospectus word by word, and handed it over to the accompanying experts for review after reading it by themselves.

"I'm so happy today. We hoped that we had applied for a loan from the bank when we first started, but unfortunately we were rejected, forcing us to try our best to raise the funds we need! Now it's better, and Hope's cash flow is very good. Stable, almost no need to apply for a loan! But I still think the establishment of Minsheng Bank is a great thing for our private enterprises. Now that there is no shortage of money, it does not mean that there will be no shortage in the future. It is really important to have a stable financing channel And this means that the reform has entered into the financial system. The establishment of Minsheng Bank marks a ray of sunshine into the closed financial system, which will inevitably promote the development of economic policies in an increasingly open direction! We will no longer have to be like 88 In 92, I was so worried!" Liu Yonghao was very excited.

"Yes, our private enterprises finally have a loan organization! This proves once again that the country has begun to regard private enterprises as an indispensable part of the socialist market economy!" Li Lei was also very excited. It can be seen that the bank is the core part of the big consortium. Due to the special situation in China, it is impossible for private enterprises to independently establish a bank, so they can only settle for the next best thing and choose to invest in a bank. It is very rare. If you don’t seize this opportunity, you don’t know when another bank will be established in the future. Maybe you have to wait until the city banks and village banks become popular in the future, but the influence of those banks is far from that of Minsheng Bank. compared to.

"How much do you plan to invest? And this [-]% limit seems to be inconsistent with the regulations issued by the People's Bank of China?" Liu Yonghao asked. Last year, the People's Bank of China issued the "Interim Regulations on Investing in Financial Institutions", which stipulated that, The maximum number of shares held by a single shareholder should not exceed [-]%, but this time the prospectus stated that it should not exceed [-]%. Liu Yonghao definitely did not meet the three-point shareholding.

The same is true for Li Lei, but he is not worried at all, "Don't worry, Minsheng Bank will be listed in the future, and it will definitely be more regulated after listing, and then we will continue to absorb shares!" The prospectus also wrote The Federation of Industry and Commerce has 30.00% of the voting rights, which will also be canceled after listing.

In the original history, Liu Yonghao acquired more equity through multiple operations. During the Asian financial crisis in 1997, some shareholders of Minsheng Bank were affected by the economic crisis and encountered financial difficulties. Liu Yonghao, who has always had a good cash flow, immediately launched an acquisition. First, he bought 1.3067 million shares from Ningbo Economic Construction Investment Company at a price of 7500 yuan per share, and became the first shareholder of Minsheng Bank.

In 1999, Harbin Flax Factory auctioned and transferred 9000 million shares of Minsheng Bank shares held by it. The starting price of each share was 1.2 yuan. It is insolvent, but if ICBC is willing to sell, foreign banks such as Citibank will definitely be willing to pay a sky-high price to buy, because the tickets of Chinese financial institutions are priceless, so he finally bought the 1.267 million shares at a price of 9000 yuan .

In 2000, he got 1.82 million shares from Zhanjiang Economic and Technological Development Zone Financial Development Company at a price of 2000 yuan per share. At this time, the shares in his hands had exceeded 9.9997% of the largest single share holding Fortunately, he has many brothers, and he solved this problem by transferring part of Liu Yongxing's Nanfang Hope. Liu Yonghao controlled 4.7% of his own shares, plus 2.37% of Nanfang Hope, 17.05% of Hope Group, and Hope Group. The Department holds a total of [-]% of the shares, which is the undisputed largest faction within Minsheng Bank.

Since Liu Yonghao can do this, so can Li Lei. It doesn’t matter if you have fewer brothers, you just need to recruit a few more partners. Li Lei thought it would be good to recruit the Liu family brothers and change the hope system to the Huinong system. Then he talked about The amount of shares I plan, "Although the prospectus says that 60 billion shares will be raised, according to my understanding of these shareholders, I am afraid that everyone will not be able to raise such a large amount of money, and one-third of it will be good! So I Let's start with 6000 million, which is almost exactly 20%, and if the raised shares exceed [-] billion, then I will continue to add more, anyway, it didn't say that only one remittance is allowed!"

"This regulation is the most detrimental to you!" Liu Yonghao shook his head. His New Hope can easily draw the money, not to mention Huinong, which is many times larger than New Hope?Both he and Li Lei have extra money, but due to the [-]% rule, they can't buy more shares!
"Let's operate after the listing! Oh, yes, we can discuss in advance. If there is an opportunity to acquire the shares of other companies, we will negotiate first. This time you buy first, and I will come next time, so as not to fight for shares. Hurt feelings, and avoid wasting money!" Li Lei first made an agreement with Liu Yonghao.

"No problem, we can inform each other if we have any news at that time, and we will try our best to speak with one voice within the board of directors!" Liu Yonghao readily agreed. Among the many promoters of Minsheng Bank, he still has the best relationship with Li Lei. They are both engaged in agricultural business, and most of the time their interests are the same, and Li Lei's strength is much stronger than him, so it is more beneficial for him to reach such a tacit understanding.

In the original history, Minsheng Bank had three major shareholders: the Hope Department of the Liu brothers, the Oriental Department of Zhang Hongwei, and the Oceanwide Department of Lu Zhiqiang. Together with the Liu family brothers and other like-minded partners, it is estimated that one-third of the shares that can be won will go to Minsheng Bank. It is definitely the first big mountain inside Minsheng Bank.

"Before I came here, I asked the company's finances to do the math. About 3000 million yuan can be freed from New Hope's account, and more than 2000 million yuan can be withdrawn from Old Hope. The sum of the two is probably a little over 5000 million!" Liu Yonghao has also put The funds are ready, and the 3000 million is paid by him alone. I always hope that the more than 2000 million is also his investment, which accounts for more than half. There are some adventures, but there are not many out for the time being.

At this time, the professionals brought by them also finished researching the prospectus and raised a few small questions. Li Lei and Liu Yonghao took them to consult Jing Shuping. After confirming that these questions would not have much impact, the two Immediately stated that he wanted to buy shares, "On behalf of Huinong, let's invest 6000 million first! If the bank needs it, we can add more!"

Huinong's cash flow is very healthy. Feed, eggs, pork, chicken, instant noodles, ham sausage, peanut oil, etc. are all best-selling commodities, and the supply has been in short supply for a long time, so even Li Lei is building new factories and investing in laboratories everywhere. , can still easily come up with hundreds of millions of funds.

This is not counting the New Century Investment Company. Ma Tianyou, under the command of Li Lei, can make huge profits from the international grain and oil futures market every year. Unfortunately, the New Century Investment Company is a foreign-funded enterprise, not a member of the Federation of Industry and Commerce, and is not eligible to become a shareholder. Minsheng Bank, otherwise Li Lei could have won more shares.

"I got 5080 million, New Hope got 3000 million, and Hope Group got 80 million. I'll call the company immediately and ask them to remit the money as soon as possible!" Liu Yonghao reported his shareholding amount.

"Okay, okay, thank you very much for your support to Minsheng Bank. With the two of you taking the lead, I believe this IPO will be completed smoothly!" Jing Shuping shook their hands happily, he basically I regard Minsheng Bank as the last major event in my life, and I very much hope that this IPO can be completed smoothly.

Li Lei was even happier. He could get 6000% of the shares of Minsheng Bank with only 75 million yuan. The increase in holdings in the later period is only 5.00%. According to this calculation, this investment can at least get a return of hundreds of times in the future.

Said that Cao Cao and Cao Cao will be here, and Lu Zhiqiang also came to Jing Shuping to report his shareholding amount. Like Liu Yonghao, he also aimed at the shareholding of director seats, and reported a figure of more than 5000 million. Then Feng Lun, Zhang Hongwei and others also One after another, their shareholding amount is also more than 5000 million.

In addition, some companies have also become shareholders of Minsheng Bank, such as the China Shipowners Mutual Insurance Association and China Life Insurance Company, etc. These companies will also get seats on the board of directors.

In the end, this IPO attracted 14 original shareholders and raised more than 60 billion in funds. Although it did not meet the [-] billion expectation, it was enough to start the bank. Then it was time to elect the board of directors.

(End of this chapter)