Chapter 708 Listing Considerations
Kadoorie's cocktail party was held at the Peninsula Hotel because Kadoorie is the owner of the Shanghai Hotel Group in Hong Kong, and the Peninsula Hotel is an asset under the name of the Shanghai Hotel Group in Hong Kong.
The Peninsula Hotel is very famous in Hong Kong. In his previous life, Song Yuanchao stayed here for a few nights when he came to Hong Kong for a visit and had afternoon tea here.
Speaking of the afternoon tea at the Peninsula Hotel, it’s not that the afternoon tea here is so delicious. In fact, Song Yuanchao never drinks afternoon tea. It’s just that he heard that some Hong Kong celebrities and stars like to come here for afternoon tea, so there is a place here called the "Filmmaker Tea House".
In his previous life, Song Yuanchao made a special trip there, had afternoon tea there, and also saw with his own eyes the seat where Leslie Cheung often sat.
Unfortunately, Song Yuanchao's luck was not very good. He didn't meet any celebrities who came to drink tea that day. There were a few beautiful young girls there, but Song Yuanchao didn't know them at all. They were probably actors in the entertainment industry who had just debuted or were not very famous. In the end, he returned home disappointed.
Today, Song Yuanchao came in Qin Zhengguo's car. Both of them were dressed in suits and bow ties, just like in a Hollywood movie.
To be honest, Song Yuanchao had worn a tie before, but this was the first time he wore a bow tie. Fortunately, Lin Yan prepared a convenient bow tie for Song Yuanchao, which was similar to a zipper tie. You just need to button it behind your neck and you don’t have to spend time tying it yourself.
Compared to the pot-bellied Qin Zhengguo, Song Yuanchao, who was also wearing a suit and a bow tie, standing next to him looked like a bag-carrying boy.
When he arrived at the venue, Song Yuanchao was almost stopped when he entered the door. Fortunately, Qin Zhengguo took the initiative to introduce this person as his friend, so he was able to enter the venue.
"Don't let me come to this kind of cocktail party in the future. I've become your lackey when I'm with you." Song Yuanchao said this in a bad mood after entering the room. If Qin Zhengguo had not been concerned about the occasion, he might have laughed wildly. The scene just now was indeed a bit embarrassing. Song Yuanchao was young and thin, and he was wearing a black suit and a bow tie. He was not as big as Qin Zhengguo, so it was inevitable that people would misunderstand him.
When they entered the venue, the lights were on. They didn't come early, and there were already quite a few people in the venue.
Seeing Qin Zhengguo appear, several people who looked like businessmen walked towards them, greeted them warmly when they came close, and the two sides shook hands and exchanged greetings.
From their conversation, Song Yuanchao learned that the other party was a well-known business celebrity in Hong Kong. Although they were not as famous as the top ten richest people, they were also worth a lot. Moreover, two of them had a cooperative relationship with Shenghua, so they were old friends.
As for Song Yuanchao, he just stood by and shook hands with Qin Zhengguo and said a few polite words when Qin Zhengguo introduced himself as his friend.
Seeing that he was young and a stranger, the other party thought that Song Yuanchao was just an ordinary friend brought by Qin Zhengguo, so they didn't care about Song Yuanchao. After saying hello, they ignored Song Yuanchao and continued to chat enthusiastically about topics that interested them.
Song Yuanchao was not interested in such occasions; he was just curious and excited about it.
He was not familiar with these people and had nothing in common with them. He immediately gave Qin Zhengguo a look. Qin Zhengguo understood what Song Yuanchao meant and nodded slightly to him. Song Yuanchao then left their chatting circle and walked aside.
This cocktail party is quite large and is a self-service one. The charity event is just the pretext for the cocktail party. At a certain point in the party, there will be a small auction house and everyone will participate in the auction. The items are all donated and the money obtained will be used as charity.
In addition to people from the business world, there were also many people from the entertainment industry, both men and women.
Song Yuanchao saw the popular and famous TVB treasure Liza Wang, Hong Kong Princess Lisa Lee, Angie Chiu who had previously starred in The Beach, Teresa Teng, Hong Kong's nightingale, singing superstar Principal Tan, and Kenny Kwan who had just won the title of Hong Kong's Top Ten Outstanding Young People a few years ago.
Song Yuanchao had mostly only seen these people in the media. He had no chance or possibility to meet them in his previous life, let alone meet them in such an occasion.
These people are now in their prime, and it is their best golden age. Song Yuanchao couldn't help but look at a few of them a few more times, and couldn't help but feel a little emotional.
However, Song Yuanchao at most just watched from a distance with admiration, but had no intention of taking the initiative to come forward and communicate.
As for the entertainment industry, Song Yuanchao is not very interested in this circle. It is enough to just appreciate some beautiful things. Once you get in close contact with them, it will destroy your original good impression.
After going to the side and getting a glass of wine, Song Yuanchao found a secluded corner and sat down with the glass in his hand. He crossed his legs and drank the wine alone, watching the cocktail party from the perspective of an observer.
The bright lights, the handsome men and the beautiful women, plus the business tycoons and elites walking around, gave Song Yuanchao, who was watching from the sidelines, some insights.
After a while, Qin Zhengguo came over with a glass of wine in his hand and sat down next to Song Yuanchao.
"Did you finish talking?"
"Haha, it's just a greeting. What can we talk about in such a social occasion?" Qin Zhengguo said with a smile.
"By the way, Boss Wang just pulled me aside and quietly asked me if Shenghua was willing to go public. If so, he could help."
"Boss Wang? That Boss Wang?" Song Yuanchao asked back.
Qin Zhengguo mentioned a name and company, and Song Yuanchao finally understood who this person was. He immediately smiled and shook his head: "You are kidding. Not to mention that Shenghua has no plans to go public, even if we want to go public, we will not look for him. He is just a broker, and he is just thinking about profit. Don't pay attention to him."
Qin Zhengguo smiled and nodded, and said softly: "I think so too. Boss Wang just saw that our Shenghua made a lot of money, so he planned to take advantage of the listing opportunity to make some money. It would be even better if he could become a shareholder of Shenghua. I'm not stupid, can't I understand the twists and turns in his mind?"
"Well, it's good for you to know. At present, we have no plan to go public at Shenghua. Even if we want to go public in the future, we will not choose Shenghua Group to go public. We will directly divest some businesses and set up a subsidiary company, and it will be enough to go public with this."
Song Yuanchao had considered going public a long time ago. It is a trend for Hong Kong companies to go public. When a company develops to a certain level, going public is the choice of many companies.
Once a company goes public, the benefits it will gain are enormous. If Shenghua were to go public now, it would surely become the darling of the stock market with its good corporate earnings and development scale. Especially now that Shenghua Telecom is making great strides in China, when the cooperation with local companies is completed and the domestic telecommunications business is developing rapidly, Shenghua will definitely become the target of stockholders.
Now, after several internal equity 's shares in Shenghua have dropped from the initial 55% to 45% and then to the current 41.3%. The shares of Qin Zhengguo and others have also been reduced. The shares taken out by each person were given to the group's senior executives as equity incentives, as well as the later stock swap distribution of Si Te Company.
Relying on her own abilities and contributions to the group, Xu Hui has officially obtained 1.83% of Shenghua Group's shares and officially became a shareholder of Shenghua.
In this case, once Shenghua goes public, Song Yuanchao's personal assets will suddenly swell a lot, and the growth figure of his wealth will be quite astonishing.
Although it is impossible to make it into the global rich list, and certainly not as wealthy as the hosts of today's cocktail party, the Kadoorie family, the charter king, and Superman Li, he can undoubtedly be in the top 30 of Hong Kong's local rich list, and may even rank higher.
After the listing, Song Yuanchao will no longer have any secrets. He will also move from behind the scenes to the front, which is very disadvantageous to Song Yuanchao. At least at this time, Song Yuanchao does not want outsiders to know his true identity in Shenghua Group. Of course, this problem will not exist in a few years.
Another important issue is the current development of Shenghua Telecom.
Shenghua Telecom is the key to the future development of Shenghua Group. Although the profit of Shenghua Telecom has just been realized and is not as good as the profit of Shenghua's traditional textiles and clothing, judging from the situation in the second half of last year, it will not be long before Shenghua Telecom will surpass the previous main business and completely replace it.
In this case, wouldn't Song Yuanchao be a complete fool to list Shenghua now? It's like giving money to shareholders with his own money. Besides, the main purpose of listing is to raise funds for the company, in addition to increasing its own assets. But Shenghua has no shortage of funds at present, not to mention Shenghua Telecom, which will make a fortune in the future. Shenghua's textile and clothing industry was a cash cow before the establishment of the telecommunications, and the monthly profit is extremely considerable.
With good funds, there is no need to go public. Even if going public can bring Song Yuanchao huge wealth, it is not attractive to him because this wealth is only on paper. Unless Song Yuanchao sells his shares and gives up the controlling stake in Shenghua, why would he do that?
With the pros and cons laid out, it was obvious what Song Yuanchao would choose. Of course, Song Yuanchao had to consider not only himself, but also Qin Zhengguo and other partners. Perhaps they had different ideas about going public than Song Yuanchao himself, so Song Yuanchao already had a plan in mind. When Shenghua Telecom developed well next year, Song Yuanchao would divest the textile and clothing business into a separate company and then use this company to go public.
Song Yuanchao was very clear-headed. Although the textile and clothing industries were booming, they were not sunrise enterprises, but sunset enterprises. With the continuous entry and development of domestic factories and companies in this field, the spring of the textile and clothing industry was about to pass, and it would gradually decline in at most ten years.
By divesting this part of the industry and listing it separately, Song Yuanchao was also prepared to make early adjustments to the industry. When the growth period of this industry began to slow down and profits continued to decline, Song Yuanchao would have already gotten out.
