So today's meeting was met.

After politely shook hands with the other party, everyone sat down in the reception area. James said to one of the round-faced middle-aged people: "Mr. Wei, I carefully read the prospectus of CNOOC last night. In order not to waste both parties' time, my answer is, it's a pity. Even if we put aside the current environment of stock market fluctuations and plummeting oil prices, CNOOC's valuation price-earnings ratio of 21 to 24 times is really too high."

The middle-aged man with a round face surnamed Wei didn't expect that the person would be cold water, but he didn't give up. He didn't need the help of the translator next to him and said in English: "Mr. Rebel, we can talk about the price again."

"Sorry," James insisted, paused, and said: "Mr. Wei, the reason you contacted us is obviously because of the good cooperative relationship between Westeros and China. We were also very interested in CNOOC's IPO at first, and the two sides had just cooperated on the listing of China Telecom, but you did not give us such a cooperation opportunity at that time. Now, CNOOC's IPO is about to be stranded, and you come here again. I hope the Westeros system will help you to provide a guarantee. To be honest, this is not something that friends should do."

When the middle-aged man surnamed Wei heard this, his expression was a little embarrassed, and he regretted it in his heart. He subconsciously defended: "Mr. Rebel, I am just an executor, and this matter is not something I can decide."

James probably understands this.

China is very big.

When a country is big enough, it is impossible to go up and down a line, and multiple ropes must be twisted together.

After taking the coffee sent by the secretary, James was not in a hurry to see him off. After putting down the coffee cup, he said, "Actually, I asked Simon about this."

The middle-aged man surnamed Wei subconsciously raised his waist again.

James shook his head slightly, extinguished the other party's hope, and said: "Simon means that the current environment is indeed not suitable for energy companies like CNOOC to go public. Even if we help to guarantee the bottom and force it into the stock market, the stock price will continue to fall in the future. Not to mention the losses of investors, if such a stock price trend really occurs, it will definitely affect the development of CNOOC itself. I think you definitely don't want to see this happen, right?"

The middle-aged man surnamed Wei could only nod.
Chapter completed!