Chapter 1703: Different

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

As for what they said, Li Dong naturally didn't know.

If he had heard Meng Qiping's words, Li Dong would probably have to say that he is as wise as a fool.

In the distance, the competition is indeed getting more intense now.

Moreover, there are indeed many internal factions. Jiang University, including Wang Jie, has actually formed a small faction, which can be regarded as Li Dong's relatives and friends.

Although he didn't turn Yuanfang into a family business, when these classmates and friends entered the company, they were also recognized as Li Dong's relatives and friends by everyone.

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

Relying on the relationship with the boss, these people are sometimes difficult to deal with, and it is easy to cause some disadvantages.

It is the default rule to suppress these relatives and friends.

Li Dong won't mix it up either. If he can resist it, he is an elite. If he can't bear it, it means that he is not capable enough.

For him, the so-called family and friends are just a part of the distant place.

People including Wang Jie and Qi Yunna may want to get closer in private, but from the perspective of the group boss, everyone is the same.

Wang Jie and Qi Yunna, including Bai Su, Cheng Nan and other Jiangxi university students who have entered the distant land one after another, are now under great pressure from competition.

These people are bound to be tired, and if they make a slight mistake, they will be demoted.

Fatty, on the other hand, is just a level 1 employee, and there is no way to drop him.

Li Dong didn't speak, and the others didn't dare to fire him.

Besides, level 1 employees hardly pose any threat or prestige, so such people need to be taken care of and win over.

Fatty's fast food can monopolize Yuanfang Park, and Yuanfang Technology helps him build a website for free. Without the acquiescence of the executives, how could it be so smooth.

But as Li Dong's classmate, and also a classmate in the dormitory, this guy doesn't fight for power and profit, and doesn't get involved in the company's affairs. He just wants to make a little money. Who will come forward to set up obstacles?

There are only so many high-level positions.

If one more person competes, everyone will have less hope.

Now this guy doesn't pursue this aspect, and other trivial matters, as long as they don't affect the interests of the group, everyone will turn a blind eye.

Who should deliver the fast food?

It's just a website. Yuanfang has rich experience and a lot of talents. It can be done with just a little help. Who will be harsh on this?

After coming and going, the fat man is far away, but the popularity is very good.

But others are different, such a large group, the competition is fierce, no one has an opponent, no enemy.

But Fatty doesn’t have any. He earns money and is easygoing. Although he is not as good as those executives, compared to other people, he is still at the level of a small rich man.

By the way, because of Fatty, even Cheng Nan was rarely targeted.

Cheng Nan may not have understood these truths, but Fatty knew it well.

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

Conversely, if he tries to climb up from the beginning, not to mention whether he can climb up, but if he really wants to climb up, he will probably be similar to people like Wang Jie and Bai Su now. crisis at any time.

He earns more money, but he is not as comfortable as he is now.

It's okay to say that he has no ambitions, or that he is lazy, but many times, Li Dong also feels that this may not be a bad thing.

At least sometimes, the life he pursues in his dreams doesn't seem to be much different from Fatty's.

Of course, Li Dong didn't know everything Meng Qiping said.

He also knew about Meng Qiping's relegation, but he just didn't bother to take care of it, so let that guy continue to dawdle.

Yuanfang's first-level employee only has a monthly salary of more than one thousand yuan. He is now waiting for that guy to resign, and he doesn't care if he doesn't resign. No one cares about a thousand yuan.

If you raise an executive and don't work, then Li Dong will definitely not tolerate it.

But spending thousands of dollars to support a graduate of Jiang University, even if the fat man really doesn't work, and has no relationship with him, Li Dong doesn't think it's a loss.

Anyway, he can still do some work. Sometimes the staff is tight, and this guy can be used by the middle management, which is not a loss.

...

In the conference room.

At this time, Li Dong naturally couldn't think about the fat man.

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

And some things are also on the agenda.

For example, how much additional share capital should be issued for this listing?

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

As a company whose market capitalization may exceed trillions, many things have to be measured.

It is not good if there are fewer issues that can be issued, the amount of financing is small, and the market circulation rate is low, which is not conducive to the future development of the group.

Even though Li Dong personally does not seek to raise much money when a company goes public, from the perspective of the group, it is natural that the more financing the better, no company will despise more money.

According to Yuan Chengdao's thinking, it would be a good idea to issue 10 billion additional tradable shares this time.

In addition to the internal subscription and additional issuance, and the final listing, Yuanfang's total share capital will reach 54 billion shares.

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

After issuing 10 billion additional shares, the shareholding ratio dropped to 61%. This ratio is actually not low, nor is it the main reason.

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

That is the financing amount of 150 billion!

Can the Chinese market digest it?

Even if most of it is digested by financial institutions, the part that can be sold to the public, since it is an A-share listing, has at least 30% or more, and nearly 50 billion funds have to be raised from the market.

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

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

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

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

Moreover, the shares released to the outside world are only 12%, which will also make Yuanfang Retail as stable as Mount Tai.

At present, Yuanfang still has a lot of funds, and the funds raised too much come back, and the supplementary effect is limited. It is appropriate to make the market feel some sense of shortage, which is conducive to subsequent development.

As the current controller of Yuanfang Retail and the future senior vice president of business connection, Yuan Chengdao should consider Chen Lang's proposal carefully.

There is still a big gap between issuing 10 billion shares and issuing 6 billion shares.

Moreover, the wishes of other shareholders must also be considered. If there are too many additional issuances, their shareholding ratio will be diluted again. Not everyone will be happy.

After all, they couldn't get the money from financing.

From the perspective of shareholders, it is actually better to issue 6 billion shares. There are few shares in the market, and the price must be higher than that of a large number of shares.

In the end, their shareholding ratio is higher, but the value of the stock in their hands is no less than that after dilution, and the annual dividends can also be more.

If the amount of issuance is low, the amount of financing will be low, and it may also cause difficulties in the circulation of distant stocks...

In short, the two sides discussed this matter for several days, and consulted the opinions of many organizations, and finally decided to leave it to Li Donglai to decide.

In addition, it is about the underwriting syndicate. The scale of Yuanfang Retail is huge, and the underwriting syndicate also needs the cooperation of multiple institutions. Which institutions to participate in and which institutions to become the lead underwriter are all related to interests. Great interests also require It is up to Li Dong to choose.

After listening to everyone's reports, Li Dong thought for a moment and said: "Let's talk about the underwriting team first, this time it's an A-share listing, so domestic investment banks and securities firms are naturally considered.

The scale of our IPO is very large. In fact, there is no need to fight for anything. This is not something that one or two companies can eat.

Anyone who is willing to join the top ten securities firms and investment banks in China can join. Of course, the cost must be kept to a minimum.

Yuanfang is well-known here. In fact, it is not difficult to underwrite Yuanfang's 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 to dispute about this. As for the lead underwriter, CICC, CITIC, Bank of China, China Merchants Securities, CCB Securities... these are jointly responsible. "

Fortunately, Jianyin is not strong at this time, and it was able to grab the position of lead underwriter. Everyone looked at each other, and then they all silently agreed.

His own strength is not good, but Lao Tzu Construction Bank is strong. Over the years, it has been doing close business with Yuanfang, so it is not surprising to become one of the lead underwriters.

These are not major issues. The top ten brokerages have all been wiped out, and I believe they will not refuse Yuanfang's IPO underwriting.

Li Dong saw no one to refute, and continued: "As for the number of shares to be issued, we should follow what Mr. Chen said, 6 billion shares.

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

If it is further diluted, these people may really be dissatisfied.

In addition, the issuance of 6 billion shares is easier to digest. After Yuanfang Holdings is listed, it can still hold 66% of Yuanfang Retail.

And Teng Xun also holds 3% of the shares.

In this way, the proportion of shares controlled by the entire group has reached 69%, more than two-thirds, which is not mandatory for other companies, but Yuanfang Retail is our foundation, and I think it is still necessary.

In terms of the issuance interval, the specifics must be discussed with the underwriter.

However, in principle, it should not be lower than 15 yuan per share, and the increase of A shares is limited, and it is difficult to create a particularly high increase.

Yuanfang's fixed assets and cash flow are more than 400 billion yuan, which is set low and does not meet our expectations.

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

It is more in our interest to keep the issue price within this range as much as possible.

In the end how much, you and each other to discuss.

How to do it, you guys have to do it, the Chinese New Year is coming soon, before the end of the year, everything should be finalized.

After the Chinese New Year, preparations for the listing officially began.

It is already mid-February after the new year, and it is the end of February when I go to work, and it will soon enter March.

If it goes well, it will be listed around May, if there is a slight delay, it will have to wait until the end of the year.

I don't want it to take too long, so everyone should speed up their efficiency in the near future.

This year is over..."

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

Li Dong coughed dryly, interrupted his mantra, and changed the subject: "In addition, hurry up on the retail business, and don't delay other businesses.

On Teng Xun's side, WeChat will continue to develop new functions. Although WeChat is now the largest mobile communication software in China and even the world, I heard that everyone has been a little slack recently, and some messy plug-ins have been launched.

The biggest highlight of WeChat is its simplicity and simplicity, and don’t add unnecessary things.

Also, I heard that there has recently been a trend in the circle of friends on WeChat, which is what you call WeChat.

It is necessary to strengthen management. These things are not suitable across the board, and it is not a good thing to ignore them. I do not want WeChat to become an advertising platform.

Proper guidance and formalization are conducive to the development of new businesses.

In terms of logistics, the next step is to expand the scale of e-commerce logistics on the one hand, and the other is the strategy of big things in the central region, and now we are about to start preparations.

There is also Wanka..."

Li Dong simply asked some questions, and did not give too much guidance on what to do. The main thing is to let the management of each department do it by themselves.

After all, up to now, some things are developing very fast, and he has lost his foresight now. Sometimes a wrong decision can easily lead to disastrous consequences.

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

...

After the meeting, Li Dong just arrived at the door of his office when he saw Bai Su and his new secretary chatting in a low voice.

Until Li Dong came to the side, the two were still discussing, Li Dong coughed lightly, and the two trembled in fright.

Recognizing that it was Li Dong's voice, the two quickly greeted each other.

Li Dong also knew that Bai Su was back, so it was not a surprise, he smiled and said: "What are you discussing, you are so focused."

Bai Su laughed quickly and said, "The Forbes Rich List has just been updated, I chatted with Assistant Zhang, and I will print a copy for you later."

"Okay, by the way, help me make a pot of tea."

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

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

Bai Su glanced at her, then smiled after a long while and said, "Sometimes I also look at it."

She didn't say much, but she still had a sense of superiority in her heart. After all, these newcomers missed the period when Li Dong rose.

They don't know Li Dong as well as people like themselves.

Who said the boss likes to read documents?

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

Although the number one will definitely not be able to run away, Bai Su still remembers that many times, Li Dong took a pen to write and draw, and calculated how much money he had, whether Forbes miscalculated his wealth or something like that.

These people probably have never had such an experience at all, and they have never seen Li Dong look serious when he settled the accounts, let alone see Li Dong getting angry when the wealth statistics are too much or too little.

Thinking of these, Bai Su's sense of superiority arises spontaneously again.

Of course, this sense of superiority makes no sense.

But Bai Su just felt that she was different from others, even Liu Qi was different from her, at least she had seen Li Dong sleeping on the desk and drooling, Liu Qi hadn't seen it, right?

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