The Rebirth of Wealth

Li Dong did not participate in the gathering of college classmates. In fact, no one dared to invite.

As for what they said, Li Dong was naturally unclear.

If he heard Meng Qiping, Li Dong would probably have to say big wisdom if he was stupid.

In the distance, the competition is indeed getting fiercer now.

And there are indeed a lot of internal factions now. Jiang Da, including Wang Jie, actually formed a small faction, which is regarded as a relative and friend of Li Dong.

Although he didn't make the distance into a family business, these classmates and friends entered the business, and everyone was acquiesced into Li Dong's family and friends series.

For professional managers, the existence of these people is not a good thing.

Relying on their relationship with their boss, these people are sometimes difficult to deal with and easily cause some drawbacks.

Suppressing these relatives and friends is the default rule.

Li Dong is not going to blend in. Being able to resist is the elite, and being unable to carry it means that he is not capable enough.

For him, the so-called relatives and friends are just a part of the distance.

People such as Wang Jie and Qi Yunna may be closer in private, but from the perspective of the group boss, everyone is the same.

Wang Jie and Qi Yunna, including Bai Su and Cheng Nan, students of Jiang University who have entered the distance, now have a lot of competitive pressure.

It is certain that these people are tired, and there is a slight mistake, and demotion is also inevitable.

It was a fat man who broke a jar and fell, and he was a Grade 1 employee.

Li Dong didn't speak, nor did anyone dare to expel him.

Besides the level 1 employees, there is almost no threat, and any prestige, such people have to take care of it, they have to draw.

Fatty fast food can monopolize Yuanfang Park, and Yuanfang Technology can help him build a website for free. There is no such thing as a senior executive's default. How can it be so smooth.

But as a classmate of Li Dong, but also a classmate in the bedroom, this guy does not fight for power and profit, nor does it involve the company's business, he wants to earn a little money, who will come to set up obstacles?

There are so many high-level positions. If you compete for more people, you will have less hope.

Now this guy is not pursuing in this respect. As long as it does not affect the interests of the group, everyone else will keep their eyes closed.

Who will send the fast food?

It ’s just a website, there is a lot of experience and talents in the distance. Just help it and get it done. Who will be harsh on this?

Come and go, the fat man is far away, but the relationship is very good.

Others are different. Such a large group has fierce competition. No one has an opponent, no enemy.

But there are no fat people, money is made, and people are easy, although they are not as good as those executives, but they are relatively small and rich compared to other people.

By the way, because of the fat man, even Cheng Nan is rarely targeted.

Cheng Nan may not see through these reasons, but the fat man knows a lot.

The root of everything is that he has a good relationship with Li Dong, and he did not participate in the competition of the group.

Conversely, if he had managed to climb up from the beginning, let ’s not say whether he could climb up or not. I ’m really going to climb up. Now I ’m afraid it ’s similar to Wang Jie and Bai Su. Face a crisis at any time.

The money I earn is more, but how can I be so comfortable now.

It's better to say that he has no ambitions, or lazy to eat, but Li Dong often feels that this is not necessarily a good thing.

At least sometimes, the life he dreams of is not much different from a fat man.

Of course, everything Meng Qiping said was not clear to Li Dong.

He also knew that Meng Qiping was relegated, but he was just too lazy to manage it, so that the guy would continue to live together.

The first-level employee in the distance has a salary of more than 1,000 yuan a month. He is now waiting for the guy to resign himself.

Raising an executive and not working, then Li Dong will definitely not tolerate it.

It can cost thousands of dollars to raise a graduate of Jiangda University, even if the fat man really does not work, and has no relationship with him, Li Dong feels that it is not a loss.

Anyway, he can still do some work, sometimes the staff is nervous, this guy can also use it for a middle management, not a loss.

...

In the meeting room.

At this time, Li Dong couldn't remember the fat man.

Dongyu has officially begun to integrate, and the listing has officially started the process.

And some things are also on the agenda.

For example, in this listing, how much equity should be issued?

Share capital is not to say that the more additional issuance, the better. On the one hand the market is difficult to digest, on the one hand it will dilute the shareholders' shares.

As a company whose market value may break trillions, many things have to be measured.

It is not good to have less issuance, the amount of financing is small, and the market circulation rate is low, which is not conducive to the future development of the Group.

When a company goes public, although Li Dong does not pursue much financing personally, from the group's perspective, naturally, the more financing, the better, and no company would think of giving up much money.

According to Yuan Chengdao's idea, this time listing, it is quite good to issue 10 billion more outstanding shares.

Coupled with the internal subscription and additional issuance, and finally listed, Yuan's total share capital will reach 54 billion shares.

However, Chen Lang and others felt that the issuance of 10 billion shares was too much. Yuanfang Holdings currently holds 33 billion shares of the retail group.

After issuing 10 billion more shares, the shareholding ratio dropped to 61%. This ratio is actually not low and is not the main reason.

The key point is that, for the 10 billion shares, according to the current issue price, the fare issue price will not be lower than 15 yuan.

That is 150 billion in financing!

Can the Chinese market digest?

Even if most of it is digested by financial institutions, the part that can be offered for public sale is at least 30% since it is listed on the A-share market. It is necessary to raise nearly 50 billion yuan from the market.

In the past two years, the mainland has also been frightened by the stock market. It is not difficult to raise 50 billion yuan from retail investors at once.

Once there are too many shares issued, there may be a lot of trouble in the end.

Therefore, Chen Lang proposed that an additional 6 billion shares would be enough, just to bring the total share capital to 50 billion shares.

6 billion shares are easier to digest than 10 billion shares.

And only 12% of the shares issued to the outside world will make distant retail stable like Taishan.

There are still a lot of funds from far away. Too much funds come back, and the supplementary effect is limited. Appropriately giving the market some sense of shortage, which is conducive to subsequent development.

As the current controller of Yuanfang Retail, the future senior vice president of business docking, Chen Lang's proposal, Yuan Chengdao should also consider it.

The difference between issuing 10 billion shares and issuing 6 billion shares is still large.

In addition, we have to take into account the wishes of other shareholders. Too many additional issuances, and their share ratio is diluted again, which may not make everyone happy.

After all, they cannot get the money from the financing.

From the perspective of shareholders, it is actually better to issue 6 billion shares, with less circulating capital on the market, and the price must be higher than that issued in large quantities.

In the end, their share ratio is higher, but the value of the stock in their hands is not less than that after dilution, and the annual dividends can be more.

The issuable volume is low, the financing amount is also low, and it may cause difficulties in the circulation of remote stocks ...

In short, the two sides discussed this matter for several days, and consulted the opinions of many agencies, and finally decided to hand it to Li Dong for decision.

In addition, it is the underwriting syndicate. The distant retail scale is huge, and the underwriting syndicate also needs multiple agencies to cooperate and choose. Which agencies to participate in and which agencies to become the lead underwriters are all related to interests, and great interests also need It is up to Li Dong to choose.

After listening to everyone's report, Li Dong considered for a moment: "First, let's talk about the underwriting syndicate. This time it was an A-share listing. Naturally, domestic investment banks and brokers were considered.

Our IPO is very large, in fact, there is no need to fight for anything, this is not one or two can eat.

The top ten domestic securities firms and investment banks can join any willing to join, of course, the cost should be minimized.

The popularity of Distant is here. In fact, it is not difficult to underwrite Distant IPO.

Our previous plan to raise 300 billion yuan has been successfully completed, let alone going public, it will only be easier.

There is nothing controversial about this. As for the main underwriters, CICC, CITIC, BOC, China Merchants Securities, CCB Securities ... these are jointly undertaken. "

Fortunately, the previous one said that CCB is not strong at this time, and it can actually grab the position of the lead underwriter. Everyone looked at each other, and then they did not say anything by default.

People's own strength is not enough, but Laozi Construction Bank is powerful. These years, it has been close to the business of distant places, and it is not surprising that it has become one of the main underwriters.

These are not major events. The top ten brokerages are all wiped out. I believe they will not refuse far-reaching IPO underwriting.

When Li Dong finished speaking, no one refuted. He continued: "As for how much capital is issued, it is still according to President Chen, 6 billion shares.

In these several times of continuous issuance and integration, the shares of other shareholders have been diluted to the limit.

Diluted down again, these people might be really dissatisfied.

The issuance of another 6 billion shares is easier to digest. Yuanfang Holdings can still hold 66% of Yuanyuan ’s shares after it goes public.

Teng Xun also holds a 3% stake.

In this way, the proportion of the shares controlled by the entire group has reached 69%, more than two-thirds of the proportion. This is not required in other companies. However, remote retailing is our foundation. I think it is still necessary.

In terms of issuance range, the specifics should be discussed with the underwriters.

However, in principle, it is not less than 15 yuan per share. A-share gains are limited, and it is difficult to create particularly high gains.

Distant fixed assets and cash flow are both over 400 billion yuan, which is set low and does not meet our expectations.

15 yuan is the basis, of course, it can not be too high, 20 yuan is the upper limit.

The issue price should be within this range as much as possible, which is more in our interest.

Exactly how much do you discuss with the other party?

As for how to do it, you will do it, and it will be the New Year soon. Before the end of the year, set all the things that should be set.

After the New Year, it officially started preparing for listing.

It's already mid-February after the New Year, and it's the end of February when I go to work, and it will soon enter March.

If it goes well, there will be a slight delay in going on sale around May, then you have to wait until the end of the year.

I don't want to drag it for too long, so everyone has been accelerating efficiency recently.

I'm busy this year ... "

He didn't say anything later, and everyone looked at him in unison.

Li Dong coughed, interrupted his mantra, and shifted the topic: "In addition, the retail business should be paid close attention to, and other businesses should not be delayed.

On Teng Xun's side, WeChat will continue to develop new features. Although WeChat is already the largest mobile communication software in China and even the world, I heard that everyone has been slacking recently, and some messy plugins are online.

The biggest highlight of WeChat is its simplicity and simplicity. Don't include all unnecessary things.

Also, I heard that there is a trend in WeChat ’s circle of friends recently, which is what you said about WeChat.

To strengthen management, these things are not suitable across the board, but it is not a good thing to ignore them. I do n’t want WeChat to become an advertising platform.

Appropriate guidance and regularization are conducive to the development of new businesses.

In terms of logistics, the next one is to expand the scale of e-commerce logistics, and the other is the strategy of large-scale logistics in the central region. Now we have to start preparations.

There is also Wanmanto ... "

Li Dong simply raised some questions and did not over-instruct how to do it. The main reason was to let the management of each department do it themselves.

After all, until now, some things are developing very fast. Now he loses his foresight. Sometimes a wrong decision can easily lead to catastrophic consequences.

Based on this, Li Dong can only develop step by step at this time, slowly.

...

After the meeting, Li Dong came to the door of his office and saw Bai Su talking with his new secretary in a low voice.

Until Li Dong walked around, the two were still talking. Li Dong coughed and scared the two.

Hearing Li Dong's voice, the two greeted quickly.

Li Dong also knew that Bai Su was back, but it was not unexpected. He smiled and said, "What are you discussing, so focused."

Bai Su laughed quickly: "The Forbes Rich List has just been updated, and I have a few words with Assistant Zhang and I will print a copy for you to send in later."

"Okay, help me make tea by the way."

Li Dong didn't ask any more and went straight into the office.

When he left, the newly arrived secretary was a little surprised: "Mr. Bai, will Mr. Li also read these?"

Bai Su glanced at her, and after a while smiled: "Sometimes I will look at it."

She didn't say much, but there was still a sense of superiority in her heart. These newcomers, after all, missed the time when Li Dong rose.

Li Dong ~ www.readwn.com ~ They don't know as well as these people.

Who said the boss likes to read documents?

Who said the boss really doesn't care about ranking?

Although the first must not be able to run, Bai Su still remembers that many times, Li Dong took a pen to write and draw, and counted how much money he had, did Forbes count his wealth and the like.

I am afraid that these people have never had such an experience at all, nor have they seen Li Dong's seriousness in his accounts, let alone seeing more or less wealth statistics, and Li Dong's anger.

Thinking of these things, the superiority in Bai Su's heart came out again.

Of course, this sense of superiority makes little sense.

But Bai Su just felt that she was different from others, and even Liu Qi was different from her. At least she had seen Li Dong lying on the desk and was drooling. Hasn't Liu Qi seen it?

With this sense of superiority, Bai Su took the printed paper and carried the teapot into the office.