Reborn since 1993

Chapter 1224 Reply
When Li Dongling saw Top Technology on the list of companies seeking financing and listing through Cyberport, his expression turned strange.

It is said that over the years, the philanthropist Li has been making empty promises to others. Now, is someone trying to play tricks on Li Dongling, or is he trying to deceive the philanthropist Li?
Top Technology, listed on the list, is a sister company to Top Software, a listed company in mainland China. Both are companies under the Sichuan Top Group, owned by President Song.

Top Group wants to bring its subsidiary, Top Technology, to the port city to raise funds.

Top Group is most famous for acquiring land in various inland areas at rock-bottom prices within a few years, claiming it would build 27 software industrial parks!

Who knows how much this Mr. Song boasted, but anyway, he got the land.

However, it's important to understand that Top Group itself doesn't manufacture software, so if it wants to fill a software industrial park with people, it needs to attract other companies to move in.

As for how many companies Top has attracted to its software industrial park in the inland region, that remains unknown. In any case, Top Group keeps creating hype for building new industrial parks, and Top Software, listed on the A-share market, is like a bubble, with its stock price constantly hitting new historical highs.

In recent years, the booming wave of software industrial parks and the slogan of software export in China have largely been caused by Top Company!

When it comes to empty promises and getting something for nothing, Mr. Song, the founder of Top Group, is a master of it.

As for comparing this Boss Song to Philanthropist Li, Li Dongling would definitely send a lawyer's letter. Although both are just making empty promises, Philanthropist Li is able to slowly turn those promises into reality!
After making grand promises, this Mr. Song essentially made a quick buck by driving up the stock price and cashing out...

Li Dashanren never expected that the hype that Cyberport was building for the Silicon Harbor project in the mainland would also be targeted by these monsters and scoundrels.

In fact, it's not just Top Company; of all the once-thriving software industrial parks, only a few have survived. Most are struggling, or have even gone bankrupt.

However, the Hanxi Software Industrial Park, thanks to Dongling High-Tech, along with the Hanxi IT Training Center, Xishanju, and the newly established Shenzhou IT Community, is one of the few profitable software industrial parks in China. At least it generates revenue and avoids bankruptcy...

Now, seeing the opportunity to secure funding through Cyberport and list on the port city, how could those software industrial parks, whose survival hangs in the balance, not go crazy?

Like a starving wolf, once it sees a piece of fat meat, it will definitely bite into it with all its might.

"Mr. Li, is there something wrong with this company?" Lin Xianhui noticed that Li Dongling's gaze lingered on the name Top Technology after a moment, and couldn't help but ask Li Dongling.

Li Dongling chuckled but didn't say anything. If Top Technology had gone public through Cyberport, Li Dashanren couldn't imagine how big the impact would have been!

At that time, it's likely that Mr. Song will hype up Top Technology, which is endorsed by the philanthropist Li, and use the name of Dongling High-Tech. The stock price will probably be driven sky-high.

Given Mr. Song's opportunistic nature, he'll probably go to great lengths to hype things up as soon as he gets involved.

"I don't know if there are any problems, but I do know that it would be extremely difficult for an inland software and internet market to develop into a Zhongguancun."

I don't believe that Top has started construction on twenty or thirty software industrial parks in just a few years and that they have all been completed and attracted investment!
Cyberport's investment in this company and its recommendation for an IPO may jeopardize its reputation in the port city.

Upon hearing Li Dashanren's words, Lin Xianhui's expression changed drastically, his face turning red and then green. This kind of company, let alone looking at the financial statements and conducting research, just sounds outrageous.

But what Lin Xianhui couldn't understand was why Cyberport would set up a trap for this company when they had never met it before.

"Why is this company targeting Cyberport?" Lin Xianhui couldn't help but ask Li Dashanren.

Shaking his head, Li Dongling said, "It's not fair to say they're eyeing Cyberport. Maybe they're just trying their luck, even if there's no real opportunity!"

This Mr. Song's industrial park is basically a game of musical chairs. He keeps building new industrial parks and then uses various methods to borrow money or raise funds from these parks to invest in the previous software parks, and then continues to play the game in a cyclical manner to ensure that the game can continue indefinitely.

However, in the A-share market, Topsoft's hype has run its course and it's not easy to make money there, so naturally they want to try their luck in Hong Kong.

"With Cyberport around, Top can forget about listing in the port city!"

In Hong Kong, Lin Xianhui, now a powerful figure, couldn't help but speak out, saying that Top was trying to trick Cyberport, which he could not tolerate.

To reiterate, given Cyberport's current influence in Hong Kong, it's unlikely that its leader, Lam Yin-fai, can get a company listed on the Hong Kong Stock Exchange.

However, if he wanted to cause trouble for a company and prevent it from going public, he could definitely do it.

Li Dongling shook his head. Although it wasn't a good thing that such a shady company as Top Company had come knocking, it indirectly proved that the Silicon Harbor project was beginning to take hold in the inland areas.

With a Nasdaq listing seemingly out of reach, raising funds in Hong Kong via Cyberport and then listing on the Hong Kong Stock Exchange has become the choice for countless mainland companies.

As for companies like Top that engage in shady practices, there are bound to be others. The world isn't black and white; there are gray areas too. It's just a matter of identifying companies like Top!
“In a few days, I will be returning to Pingyang, and you will be in full charge of the Cyberport area.”

We will definitely encounter companies like Top again. The Silicon Harbor project is designed to support internet and high-tech companies in the inland and port cities.

However, it is essential to establish a complete financial audit and risk research system. Before investing or recommending an IPO, rigorous due diligence must be conducted, and expenses in this area should not be skimped on.

We can invite several research and auditing firms to conduct cross-audits. Also, the staff at Cyberport and Peregrine responsible for financing and listing recommendations, along with their families, must all be in Hong Kong!

Li Dongling said that for a fraudulent company to go public, it must be through collusion between insiders and outsiders. Without an inside accomplice, frankly speaking, it would be very difficult to pass the review.

Before betraying Cyberport, the mole inside should think carefully about whether it will implicate him and his entire family in a future tragedy.

Lin Xianhui nodded. "I will reorganize the Cyberport risk control department to review all companies recommended in the future."

Li Dongling glanced at the time and said to Lin Xianhui, "Wu Xinyi, general manager of Dongxin Semiconductor, and some of the core personnel from Meisipu Company who are traveling with him will be returning to Hong Kong today on the Dongke private jet. You need to take good care of them and make sure they are all settled in properly."

Wu Xinyi previously went to America to acquire Meisipu from Silicon Maps, and has been dealing with Meisipu ever since.

Dongxin Semiconductor plans to relocate its entire Meipusi company to its offices in Hong Kong and Singapore. Compared to the mainland, Meipusi's employees are more likely to accept these two cities.

As for the Meipus employees who were unwilling to relocate, they remained in the American office to continue working.

But this is basically a stopgap measure. After a year or two, when no one cares about the acquisition of MIPS anymore, Dongxin Semiconductor will completely absorb MIPS's technology and MIPS team. Those who stayed in America will basically be kicked out, and the entire MIPS office in America will be completely closed!
As Lin Xianhui was about to leave, he paused, turned back to Li Dongling, and said, "President Li, I think Cyberport should give Top some kind of response!"

Even a clay Buddha has some fire, let alone the head of the second-largest company by market capitalization on the Hong Kong Stock Exchange.

"Stop it here!"

After thinking for a moment, Li Dongling spoke to Lin Xianhui.

Top Company and that Mr. Song must have had many backers and connections to reach their current scale; otherwise, they could never have achieved this size.

But Top has supporters, while Cyberport has no one to endorse it?
Li Dongling wasn't interested in Top's approach. The game of musical chairs would eventually come to an end, but Top's game had already involved too many people.

More than 20 software industrial parks mean that more than 20 municipal governments and investment promotion bureaus are involved. Many people in these places have been promoted because of the achievements of these projects.

If this secret were exposed, countless people would be implicated, including some in high positions. Li, the philanthropist, doesn't want to make enemies of so many people because of Top.

The fact that Top Group collapsed on its own and that someone deliberately triggered it are two different things. When Top Group couldn't continue operating on its own, those who were on the Top Group ship before would have already jumped ship and cleaned up the mess.

Cyberport really needs to respond, otherwise if Top goes public in the port city through Cyberport, a whole bunch of shady characters will crawl over here, drawn by the smell of blood.

As long as the two sides don't completely break off relations, if Top Group dares to test the waters, Cyberport will retaliate and tell that Mr. Song what he does in the mainland is his business, but in the port city's technology industry, the rules are set by Cyberport!
As long as it's not a fight to the death, these tactics are nothing. Top and that Boss Song can clean up the mess themselves.

……

Sitting aboard the Gulfstream private jet, Dongke, preparing to land at Hong Kong Airport, Michael Yuler, Chief Technology Officer of MEP, curiously surveyed Hong Kong.

Like Yule, Gary, the chief engineer of MIPS, and several other core members of the MIPS team.

Yule, Gary, and the others had all heard of the port city before, but this was their first time visiting.

The most direct reason they were willing to come this time is that... their new employer increased their salary by 35%!

Sitting on the private jet, looking down at the city, Yule had a premonition that he might stay in this city for much, much longer than he had imagined!
(End of this chapter)