Chapter 95 Baifuqin Group

Mercedes-Benz arrived at the downstairs of a five-story building built in Central China in the 1950s and 1960s. Wu Gangqiang came over to open the car door and saw a bright red palm print on Yang Xing's left face and two different colors of lipsticks at the corner of his lips. He and Yang Xing's men were both selectively blind. Everyone turned around as if nothing had happened, but the slightly shaking of his shoulders revealed their inner impulse to laugh.

No matter how thick Yang Xing's face was, he was a little hot, so he turned his head and said to Tan Li, who was desperately suppressing his smile: "Remember, Assistant Wang and Assistant Guo cannot ride in the same car with me in the future." Shi Meiheng smiled and took out a box of concealer and tissues for him to remove the palm and lip marks. Yang Xing felt her slightly cool little hands sliding on her face, thinking that this life secretary was still caring. But I don't know if it was intentional, but the force of his hands was so strong that it hurts. It seems that it is really hard to offend the Detachment of Women.

Hong Kong Fulfilm was founded by Hong Kong’s William Deng and Xu Weili in 1988. Before that, group chairman William Deng had accumulated more than 30 years of experience in the financial services industry, and Xu Weili also spent fifteen years in corporate financing consultants. From starting from US$40 million to 1991, Fulfilm Securities has had 7 brokerage brands for development, second only to licensed securities companies in Sun Hung Kai and Zhongmao.

Its most famous business move at home and abroad when it rose was to acquire Guangsheng Bank and Taisheng Development Group, soaring its business to the entire Asia-Pacific region, and becoming one of the few investment banking groups in Hong Kong. However, the most prominent part of its business was that it shone brightly in 1993, raising a total of 20.6 billion yuan in financing for Chinese-funded enterprises, becoming the first choice partner of many Chinese-funded enterprises preparing to list in Hong Kong. With the rapid rise of Chinese red chip stocks in Hong Kong, Peruqin Group participated in several fundraising activities of Asian, American and European institutions as a chief officer or other identities from 1994 to mid-1996, with a total fundraising amount of more than US$20 billion. It became the largest investment banking group in Asia except Japan. Yang Xing visited this time to cooperate with his company in Hong Kong.

Previously, Qingqi had submitted the specific letter of intent to the Fulgarian Group. Due to the large amount involved and the Chinese capital listing in Hong Kong and other systems, the two founders of the group made an exception to meet Yang Xing and the others. Compared with Yang Xing and the others, William Deng and Xu Weili each brought only two assistants to negotiate with them in the conference room. William Deng was in his fifties and looked at people with a serious face. He looked like an eagle looking at his prey. Xu Weili smiled. Although he was about the same age as William Deng, he looked older and wore a pair of gold-rimmed glasses, and felt much more kind.

Qingqi turned out to be their subordinates and knew them very well. According to his statement, William Deng was a fierce and rapid person, and he was the only one who said that he was the "uncrowned king" of the Baifuqin Group. Qingqi resigned from his angrily because of his different investment philosophy. Xu Weili had a much better temper and was worldly and sleek. Although he was the first to found him, William Deng, who later joined, is now the chairman of the group, and he is willing to take on the position of general manager. He seemed to be willing to be under William Deng, and everyone in the group called him the "Empress Dowager".

According to the division of labor, William Deng is responsible for overseas business with high risks and high returns, while Xu Weili is responsible for mainland business, so he first evaluated Yang Xing's listing plan. "I will always be surprised to see Mr. Yang himself. Those who can build such a big foundation at this age are both ashamed of myself. Young people are so motivated!" Xu Weili first broke the atmosphere and gave his opening remarks.

Naturally, Yang Xing would not be moved by a few compliments from veterans who had been in the mall for decades. Moreover, as soon as they entered the conference room, they felt that although the other party had few people, they had an indescribable sense of superiority all over the place. Perhaps this was a habit of Hong Kong people for decades of mainlanders. But Yang Xing was always uncomfortable, thinking that I was giving you money, and pretending to be arrogant is to think we are begging you?

The stylized smile on Yang Xing's face did not change. He knew that he was polite and would say "but". Wang Yiren, who is familiar with him, also knew that he was cheering up and seriously investing in this negotiation when he saw the boss's smile, and it was not easy for the other party to deal with it.

"But first, your appetite is too big. You have backdoor listing, asset restructuring, share allotment, and the total financing amount is close to 10 billion yuan. You should know that as of now, there are only 25 companies listed in Hong Kong in mainland China, and the total assets are only 27.5 billion yuan. Your family accounts for one-third, and the risk is too great. Second, you have given us too short time. Even if we are willing to underwrite and act as sponsors, it is too urgent for you to force all listed before July next year.

If the big plate is smashed, you are not a red-chip stock and may fall below the issue price. The third is that your performance is still too weak. I have carefully reviewed your main business. In addition to Xinghai Trading and Xinghua Real Estate, Xiangxing Manufacturing and Xingmei Fashion are all losing money. Nebula Electronics, Xingguang Entertainment and Xingxing Manpower have just started their business and have no specific profit prospects. How can such a plan be listed?" Xu Weili smiled with a nice smile but said it was unpolite.

William Deng paused the table with his finger and added: "I don't understand. Judging from the financial reports you provide, the most profitable thing in the group is Xingfu Investment, or Xingdou Research Institute, which owns multiple Chinese and foreign patented technologies. Why not let Xingfu Investment Company be a listed company, or let Xingdou Research Institute go to Nasdaq to go public? If Xingfu Investment Company is listed in Hong Kong, we can invest in your company as a strategic investor."

Yang Xing's smile remained on the same interface: "The failure to go public in Xingfu Investment and Xingdou Research Institute is decided by the company's internal decisions, and I don't want to talk about it. The questions raised by your company are indeed our weaknesses. However, if your company is not interested at all, we can only find another partner. If your company is still interested, then we will work together to improve them in the next few months. I believe that with your company's years of experience, we can always find a solution. As for the capital aspect, we will find a way to take the method, and the company will guide you."

"As for your company to invest in us, we certainly welcome it. If this listing plan is successful, we will give you the right shares to you, and even the seats on the board of directors are not impossible to negotiate. If you are not at ease, we can sign a bet agreement, divide their respective rights by time, and the commission on your company can also be appropriately increased. The industry's standard for listing underwriting business is about 5-10%, and we can let a part of it out. What do you think about 12%?" Yang Xing's subordinates were shocked when they heard the conditions offered by Yang Xing. Although they knew that there were many unfavorable conditions for listing, giving up so many rights was simply a treaty that was humiliating the country. According to this condition, even if the listing was successful, their control over the operating rights would be greatly reduced.

However, Yang Xing's authority within the group made them pursed their lips and not speak, but just looked at each other and exchanged opinions with their eyes. Qingqi's hands were shaking violently, thinking that he could not let the new boss suffer losses, so he wanted to stand up and refute. Yang Xing pressed his hand without moving, indicating that he would not be impatient. Looking at Yang Xing's confident eyes, he finally calmed down.

Deng and Xu communicated for a while, and their subordinates turned on the laptop to calculate Yang Xing's plan. Ten minutes later, William Deng stared at Yang Xing with his thrilling eyes and said, "Mr. Yang is worthy of being a big deal. It's true that such a large business is hard to refuse. But we also have conditions." Yang Xing raised his hand to signal him to make the conditions.

"First, everything must be done within the scope of the law. I know that some domestic companies like to use unconventional methods, which does not work here. Second, they must fully cooperate with our guidance. Listing in Hong Kong is not like the mainland, and the review qualification is very strict. It is good for you to apply for Hong Kong resident status for senior executives this time. This shows that your company is sincerely investing in Hong Kong. Third, we require 15% commission, and the betting agreement should also add the upper limit of our holdings for each listed company if it is successfully listed." Yang Xing's subordinates who were able to maintain peace just now could no longer suppress their emotions. It is really too bullying. The last one is obviously to put their hands into all Yang Xing's companies. I am afraid that after the listing is completed, Zhongxing Group will be renamed Baifuqin.

Yang Xing swept his hand from top to bottom, and the arguments under his hands came to an abrupt end. Everyone remembered that Yang Xing was the "king" of Zhongxing Group! Yang Xing's face was not very good-looking, but his voice did not change: "Your company has a bigger appetite than me. Our company's headquarters will be located in Hong Kong in the future. How could it violate Hong Kong laws? You are also familiar with Mr. Jiang. He will supervise this listing action. As for the issues of commissions and equity participation, we can discuss in detail. My opinion is not a big problem. But since you have raised the conditions, I want to simply list the remaining Xingwei resources together, and count it as a bonus!" William Deng thought for a while and stretched out his hand and said, "Happy cooperation!"

Walking out of Baifuqin's door, Yang Xing looked at his subordinates' frustrated and said, "It's no big deal. If you want to go public as soon as possible, you have to be prepared to be slaughtered. If he wants to swallow us, it depends on whether they have the ability. You can see whether this business is worth it at most at the end of next year." He looked at Qingqi, who looked worried, and said, "**I said, 'The world belongs to us, and it's yours. In the final analysis, it's yours. The world is still in the hands of the old man Baifuqin, but sooner or later, the world is the rising stars of us."

Qingqi looked at Yang Xing's 40-50-year-old executives laughingly, feeling that he had nothing to do with the young man in that sentence. However, people with his status were a little arrogant. Looking at Yang Xing with high spirits, he felt that the frustration in his heart had disappeared a lot.
Chapter completed!