Chapter 888 (2/2)
”Simple. Just merge companies in the sameindustry, fulfill the listing conditions, and then apply to be listed!”
”Fulfil the listing's conditions? ZhangRuiqiang was confused.
”Merge the quality a.s.sets, remove thosenon-performing a.s.sets, and apply for bankruptcy.”
”Wait. Why are you talking about bankruptcyagain?” Zhang Ruiqiang interrupted.
”Fine. We can also do without applying forbankruptcy. We need to create something that will attract people to invest in.For example, those electronic factories and semi-conductor factories, youmentioned earlier. If their technology fits the criteria, I can give them someorders to produce parts for Aiwa's Mobile Phone. This way, there will be investorswho think this enterprise is profitable and invest in it.”
”After they invested, the investors willnot be satisfied with the enterprise's profits, and they will hope thisenterprise will get listed. This is where you need to make some changes to theaccount, like stating the enterprise does not need to repay their debts in the next3 years, etc. This way, the enterprises will need the requirements to belisted.” What Feng Yu said is getting venture capital.
”What?” Zhang Ruiqiang is shocked. ”You areasking us to forge our accounts?!”
”It does not necessary to be fake. You allcan just don't include some of the enterprise's debt in the account. There arelots of loopholes you can make use to get listed.”
Feng Yu sighed. China still does not have theGrowth Enterprise Market. In his previous life, the Growth Enterprise Marketwas introduced next year and only targeted high-tech enterprises. But theGrowth Enterprise Market had started in Hong Kong. The companies that can't belisted in China can choose to get listed in Hong Kong.
In Feng Yu's previous life, many companiesthat did not meet the listing requirements managed to get listed, and this isbecause the government had interfered. If others cannot do this, we can, aslong as we can answer to the shareholders.
”Are there other options?” Zhang Ruiqiangfrowned and asked.
”Yes. You can buy a sh.e.l.l company or getlisted through the backdoor. That means you can acquire a listed company'sshares and use your a.s.sets to merge that that listed company. After that, you reissueshares and use the fund collected to develop those enterprises.”
Zhang Ruiqiang was getting giddy from FengYu's suggestions. ”Alright, alright… do you have anything simpler?”
”If there is a simple solution, thegovernment would have thought of it. But there is still one more solution whichmight work. Change the hiring procedures of the managers and replace all currentmanagement staff. Let the new professional manager have full control over theenterprise and offer him high salaries and shares, in exchange for him to comeup with strategies to turn the company over. There are lots of people like this,and it is up to you all to find them.”
Feng Yu said and saw Zhang Ruiqiang lookingat him. Feng Yu laughed. ”Which enterprise can afford to hire me? Even if theycan afford, do you think I will work for them?”
Actually, Feng Yu has no confidence inmanaging a company. He knew himself well, and managing a small company is fine.But he can't handle a large enterprise.
”I am not talking about you. Your companieshave such managers, right? Lend us some of them.”
”Don't even think of this! Those uselessenterprises want to poach my people? My men, who are capable, have my companies'shares. Those that do not have company shares and still holding managementroles are young managers, and we are grooming them. You can poach people, butdon't even think about poaching my people! If not, the province can forgetabout getting my donations in the future!” Feng Yu almost jumped up from hisfrom the sofa.
d.a.m.n! I am offering you suggestions, andyou want to use my ideas on me?!
Translator's notes:
Capital markets
/wiki/Capital_market
Growth Enterprise Market
/wiki/Growth_Enterprise_Market
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