Agricultural giant since 1983

Chapter 357 Huafeng goes public
In [-], stock subscription certificates caught fire in the Shenzhen Stock Exchange and the two places listed on the stock market, creating a large number of rich people. At the same time, they also attracted the attention of their superiors. One after another made speeches, saying that "financing through the stock market is a strategic choice to invigorate and strengthen the strength of state-owned enterprises", so the country quickly made a decision to establish a securities regulatory commission in Beijing and withdraw the power of stock issuance from the Shenzhen Stock Exchange and listing to the capital. , began to implement a listing index rationing system that fully favored state-owned enterprises, that is to say, companies are only eligible to go public if they have obtained the listing index.

And these indicators are determined by the capital, and then distributed to various parts according to the system, and distributed to provinces and cities according to the region. Finally, the ministries and provinces and cities distribute these indicators to enterprises. Then these indicators will naturally fall to the enterprises directly under the ministries and commissions and provinces. In the hands of state-owned enterprises affiliated to the city, it is difficult for many private enterprises that want to go public to raise funds to strengthen themselves.

Recently, Liu Yonghao got a listing indicator, which is one of the only three indicators in SC Province this year. The other two belong to Wuliangye and Emeishan Tourism, both of which are quite powerful state-owned enterprises in SC Province. Liu Yonghao can get it This indicator is not only related to the strength of Hope, but also because Hope is engaged in the livelihood industry, and helping Hope to develop will help increase the income of ordinary people in SC Province.

Li Lei's luck is better than that of Liu Yong, because the economic level of the Central Plains Province is not high, and there are not as many companies in the province that are eligible to go public as in Sichuan. In the embarrassing situation where there are indicators but not many good companies, the provincial government urged Li Lei several times to promote the listing of Huinong Group as soon as possible. However, Li Lei wanted each business division to be listed separately. The first one he promoted was Huafeng. Instant noodles, as the number one instant noodle brand in China, Huafeng sold 65 billion packs of instant noodles last year. On average, each person in the country bought at least five packs of Huafeng instant noodles. There is still a surplus, and the sales are billions. Such achievements are definitely qualified listed.

But Zhongyuan Province is a bit uncomfortable. Although Huafeng’s controlling party is Huinong Group, which also has a large number of factories in Zhongyuan Province, the headquarters of this company is in Zhuhai. Everyone will subconsciously think that this is a southern company. Helping southern enterprises to go public, the leaders can't get over this hurdle, and now the indicators of other provinces are given to state-owned enterprises, but the Central Plains province has to give to private enterprises, and other state-owned enterprises will also have opinions.

But at the end of last year, Founder Group first went public on the Shenzhen Stock Exchange, becoming the first private company in the country to go public. Now Liu Yonghao has also obtained the listing index. The unspoken rule that the listing index can only be given to private enterprises has been broken. It is not so taboo to give the index to Huafeng, and there is another reason that cannot be explained clearly. Xing Shuwang's imminent progress has become an important weight for some leaders to weigh gains and losses. As for Luhua's quota, it is estimated that COFCO will have to obtain it from the Ministry of Agriculture.

"The index has really come down? Where did you get it? Then can we start preparing now?" Xiong Yiwu was very excited when he heard the news. He has been in Zhuhai for a long time, and his understanding of the stock market is far better than that of companies in the north. Everyone knows better that with Huafeng's current strength, as long as it goes public, it will definitely be enthusiastically sought after by shareholders, and then it will be easy to raise a large amount of funds for Huafeng's development.

As long as Xiong Yiwu owns the stocks in his hands, he does not intend to sell them. He is very confident in Huafeng's future development and firmly believes that these stocks will definitely become more and more valuable in the future.

As the person in charge of Huinong's instant noodle business department, his salary, bonus and dividends are enough to allow him to live a very comfortable life. He does not need to sell shares to improve his life, and he has no need to start his own business. There are still opportunities when all parties in the market debate. Now, the Huafeng family is already dominant. Even if he goes out to start a business, it may be difficult to earn the income in Huafeng. If this is the case, why bother?He has made up his mind that as long as there are no accidents, there is a high probability that he will work in Huafeng until he retires.

"Our Central Plains Province gave it to the leaders. At first, the leaders couldn't figure it out. I explained to them that although Huafeng is in Zhuhai, the holding company is in Central Plains Province, and there is Huafeng's largest instant noodle factory in Central Plains Province. Counting it, it is ours. Zhongyuan Province’s own enterprise! I told them about Huafeng’s achievements last year, and promised to build a new production base in Zhongyuan Province, so they agreed!” Li Lei introduced.

"Central Plains is the largest wheat-growing province in the country, and it is very suitable to build an instant noodle factory here! Even if they don't give us listing quotas, we will do so! It's really a bargain to get listing quotas under such conditions!" Xiong Yiwu's joy can be felt through the phone. Now many private enterprises are willing to pay a higher price to get the listing index. Other companies know that they should not be envious?

"Yes, it was also said at the previous meeting that the consumption demand in the western provinces will have a big increase this year. We will build a large-scale instant noodle production base in the Central Plains Province, which can just meet the increasing consumption demand for instant noodles! And the factory is getting better and better. The higher the profit for each pack of instant noodles, the more convenient it is for the construction of this instant noodle production base!" There are also disadvantages, that is, it is too far away from the port, and the freight cost of importing palm oil from Southeast Asia is relatively high. Compared with other advantages, this shortcoming is nothing at all. In the future, Zhongyuan Province will supply more than half of the country's instant noodles, relying on the advantage of being rich in wheat.

"Now I will transfer a few people from the finance department of the group, and then I will ask Wang Shi to introduce some experts who are skilled in listing operations as consultants. You can vacate a few offices in Huafeng and prepare such equipment as typewriters, copiers, fax machines, and computers. , first set up the shelf of the listing preparation team, and then act according to the situation! The work will be very busy during this period, you have to work hard!" Li Lei reminded that Wang Shi will be in Shenzhen for a long time, and his relationship with the financial market is also very important. Very intimately, he knows which experts are the most reliable.

There is a big difference between going public today and in the future. Going public in the future will require corporate restructuring, due diligence, submission of applications, review by the China Securities Regulatory Commission, and after passing the roadshow inquiry and pricing, and finally listing; but now it is an administrative approval system. To go public, a company has to go through two levels of administrative approval from the local government and the China Securities Regulatory Commission. The approval content mainly includes whether the corporate structure meets the needs of listed companies, whether the company’s assets are more than 3000 million, and whether it has been profitable in the past three years, etc.

These requirements have also caused many fraud problems. In order to go public, many state-owned enterprises will resort to methods such as falsely increasing assets and falsifying accounts, making assets of less than 3000 million more than 3000 million, and turning losses into profits. The strange phenomenon is that many of the state-owned enterprises listed at this stage have assets of just over 3000 million yuan, and their profit margins in the past three years have been around [-]%. If you go back in time, you have to be careful when you see such stocks, so as not to get caught.

Huafeng does not have these problems at all. According to Xiong Yiwu's report last year, Huafeng's total assets have exceeded one billion, and the profit margin is not to mention. Huafeng has been sitting at the top of the national instant noodle sales list for more than three years. It's time, and it has been making profits these years, so the hard indicators must be in line. Now it is how to write a good report so that it can pass the two-level approval of the local government and the China Securities Regulatory Commission as soon as possible.

Although the administrative approval system has been implemented for several years, it was previously approved by the Shenzhen Stock Exchange and the IPO. It has not been a few years since the China Securities Regulatory Commission took back the approval right, and the policy requirements are constantly changing, so it is difficult for companies to figure out what is going on. What kind of documents to submit can be more easily approved.

At this time, Li Lei missed Rongda Technology very much. This "China's best printing shop" can earn [-] million profits every year just by helping other companies print listing materials. It is so professional that it can provide investment projects and planning consultation, manuscript finishing consultation, application document production and consultation, data verification consultation and information disclosure document production and consultation from registration to issuance, as long as it is the materials involved in listing. In addition, the printing shop also has conference rooms, restaurants, hotels, and provides one-stop services, so that there is a joke in the financial circle, "If you don't pass the night in Rongda Technology, you don't count as an IPO!"

If there is such a company, Li Lei is willing to pay a large sum of money to help Huinong solve the problem of listing materials. Unfortunately, Rongda Technology has not yet been born, so he can only do it himself.

Fortunately, as long as you are willing to spend money, you can find someone to help you with chores at any time. Li Lei called Wang Shi, and Wang Shi agreed, "IPO? Is this a good thing? I will definitely buy more by then, Hua If such a good company as Feng goes public, the stock price will definitely rise! I not only buy it myself, but also call on other people to buy it together.”

In less than a day, he found several listing experts for Li Lei, some of whom were familiar with local government audits, and some who understood the needs of the China Securities Regulatory Commission. These people are in charge of helping Huafeng sort out the listing materials, which is really easy to grasp.

The administrative approval system is definitely not suitable for the development of the stock market, but it is not without advantages, that is, the process links are much less than in the future, as long as the local government and the Securities Regulatory Commission have passed the two hurdles, the time required for listing is also much less than later generations. At least, it usually takes three to five years for later generations of companies to prepare for listing. Those with better preparations may be able to list in one year. Now, this time can even be shortened to half a year.

Li Lei pondered, this may be related to the pressure faced by state-owned enterprises. Those state-owned enterprises that are vying to go public are all waiting for the stock market to save their lives. If it drags on, the company may collapse.

This has provided Li Lei with great convenience. Starting to apply now, he will be successfully listed on the Shenzhen Stock Exchange in the second half of the year. By that time, he will be able to absorb enough funds for Huafeng’s development before the Southeast Asian financial crisis arrives. But it was too late.

This indicator was given to Huafeng by the Central Plains Province, so they will definitely not get stuck when they review it. In addition, Li Lei's materials are indeed complete and professional, and Huafeng's development is indeed very good, so it is simply After several revisions, it successfully passed the review of the local government and entered the review process of the China Securities Regulatory Commission.

At this stage, Li Lei's identity as deputy director of Minsheng has played a role again. Although Minsheng Bank is under the supervision of the China Banking Regulatory Commission and the China Securities Regulatory Commission is in charge of the securities market, they both belong to the financial industry. Understanding his way of doing things and giving Li Lei some pointers can save him a lot of time and energy, and he can pass the audit faster than other companies.

Due to the sufficient preparation and the strength of Huafeng, the time to pass the review of the China Securities Regulatory Commission was much earlier than Li Lei expected. By June, Huafeng could be listed on the Shenzhen Stock Exchange.

Huinong integrated the old factory of Huafeng Zhuhai, the original Baixiang instant noodle factory in Heyang, and the newly built and merged factories in recent years, and established Zhuhai Huafeng Instant Noodle Co., Ltd., with a book value of 12 billion. , Huafeng hopes to raise more than 3000 million funds for enterprise development.

On the day the company was listed, the Shenzhen Stock Exchange was full of guests. Not only local entrepreneurs such as Wang Shi and Ren Zhengfei came, but also entrepreneurs from other places such as Lu Guanqiu and Liu Yonghao, as well as Ning Hao, who had a cooperative relationship with Huinong, Guo Kongfeng and others, as well as coconut tree Wang Guangxing, who was looking forward to cooperating with Huinong, surrounded Li Lei and Xiong Yiwu and kept congratulating them. It went so smoothly, and it is still in the process.

The heads of Huinong's several business units have also arrived, and they have different moods. Lu Hua also got the listing index through COFCO. Now he only needs to wait two more months, and he can also enjoy the congratulations of others like Xiong Yiwu. Lei Yi, Hou Tao and others felt a little itchy in their hearts. Li Lei has not announced the listing time of other companies, but they are not in a hurry. They all know that it will happen sooner or later.

The leader delivered an enthusiastic speech, with two key points. The first one is about Huafeng’s identity as a private enterprise. The successful listing of private enterprises reflects the country’s attention and recognition to private enterprises; the second one is to praise Huafeng Its excellent performance can be regarded as a platform for Huafeng's stock price!

After the leaders finished speaking, Li Lei and Xiong Yiwu came to the stage one after another to describe the development process of Huafeng, and then they held the gong and hammer together and rang the gong, announcing that Huafeng was officially listed.

　The previous chapter was blocked, and some content was killed, so it will be a bit unsmooth to read, but it does not affect the plot
　　
　
(End of this chapter)