Through the wealth life

Chapter 1045 Competition and Cooperation

While many people in Xiangjiang were sleepless all night, the New York Stock Exchange welcomed the listing of the first company under the Li Family Group today.

Regardless of the 7-11 strike, Xinghong Sports Group’s listing has not been postponed for any reason. At [-] o’clock in New York time, on the New York Stock Exchange, Sith Pross and the three underwriters Tianyu Investment, Goldman Sachs, and U.S. Representatives of Lin made speeches respectively.

Although the relationship between the three families is not very good now, they are still very harmonious when their interests are aligned.

Regardless of Goldman Sachs or Merrill Lynch, Xinghong Sports Group is a big exaggeration. Xinghong Sports Group is a group with extremely investment potential in their mouths.

At ten o'clock, when the listing bell rang, Xinghong Sports Group was officially listed in New York at a price of US$1.25 per share, and the group's total shares were 10 billion shares.

Since Xinghong Sports Group's four major teams in the United States are among the top four sports clubs in the United States, and the Coventry football team in England is also among the top in England, people who are optimistic about the development of this group are still Not a lot.

As soon as it was listed, the stock price of Xinghong Sports Group began to climb, breaking through the unit price of 10 US dollars in less than 1.4 minutes.

The person in charge of Goldman Sachs said: "Prologis, congratulations on your company's successful listing. I believe this group will create brilliant achievements under your leadership."

Although Sith Prouss is an American, he has learned a lot about oriental culture over the past eight years, and now he can speak Cantonese fluently and understand the meaning of Chinese characters.

These high-level executives in the Lee Consortium will learn Cantonese and Chinese characters regardless of whether they are active or passive. Because the headquarters of the Lee Consortium is in Xiangjiang, many documents are also sent to major groups in Chinese characters. If you want to have a good future in the Lee Consortium , can't speak Cantonese, and it's very difficult to recognize Chinese characters.

He has also learned a lot of ways of being a person from the East. The biggest credit for this group is the current director of the secret room. If he hadn't been transferred back to the headquarters in an emergency, Peng Xiaoli would have presided over the listing. He dare not take credit for it. himself.

He responded: "Mayo, thank you very much for your blessings to our group. Xinghong Sports Group's achievements today are inseparable from Ms. Peng Xiaoli's dedication over the years. I will do my best to strive to live up to the trust of major shareholders. Work hard to develop Xinghong Sports Group well."

Representatives of Goldman Sachs and Merrill Lynch knew that Sith Pross was only a high-level manager. Regardless of the fact that he is now the chairman and CEO of Xinghong Sports Group, Li Guangyu still decides on the group's major affairs, and they didn't say anything to him.

The person in charge of Merrill Lynch said to Li Xingquan: "Mr. Li, you can see that our cooperation can be very pleasant. Xinghong Sports Group is an example. We heard that Bentley Group and Xiangjiang Communication Group under the Li consortium will also be listed. We at Merrill Lynch are very happy. Willing to act as underwriter for these syndicates."

As for Xiangyu Cultural Group, the person in charge of Merrill Lynch didn't even mention it. That group's road show has been on for a long time, and the other party has already had a partner, so there is no show for them at all.

Whether it is Bentley Group or Xiangjiang Communications Group, the market value of these two groups is not comparable to that of Xinghong Sports Group. The market value of any of these two companies exceeds tens of billions of dollars, and their strength is extremely strong. If they can enter the branch A piece of the pie, at least hundreds of millions of profits can be obtained.

Li Xingquan did not have the right to call the shots. Even if he had the right, he would not let Merrill Lynch be the underwriter of these two groups. If Xinghong Sports Group hadn't been listed on the New York Stock Exchange this time, they would not have cooperated with Goldman Sachs and Merrill Lynch.

Bentley Group was listed in England, where Tianyu Investment Company, Standard Chartered Bank, and HSBC were the three underwriters.

Heung Kong Communications Group is listed on the Hong Kong Stock Exchange, and Tianyu Investment Company, Heung Kong Bank, and Sun Hung Kai Securities will be the underwriters.

Li Xingquan said: "Chris, I'm just a small branch manager, and these two groups have nothing to do with us. Who do they want to cooperate with, I have no right to intervene. If Merrill Lynch wants to cooperate with these two groups For cooperation, you can contact the senior management of these two groups, and you Merrill Lynch are strong, maybe you can reach a cooperation."

Mayo, the person in charge of Goldman Sachs, didn't mention this directly. He knew that the president of their company's Asia-Pacific division visited Li Guangyu in person, but they didn't negotiate a cooperation in this area. Outside the group, it is undoubtedly a dream.

Their Goldman Sachs is completely implicated by the decision of some consortiums in the United States. They have always had a good relationship with the Li consortium before. If the relationship between the Li consortium and these consortiums had not deteriorated, maybe these groups listed by the Li consortium this time could all be in it. Get some benefits.

It's just that the relationship between the two parties is deteriorating, especially the 7-11 strike, which will lead to many problems later. The relationship between the Lee consortium and the American consortium will only become more hostile, and the competition between the two parties in the market will become more intense. Even It is by hook or by crook.

Chris knew that it would not be easy to earn the benefits of the Lee Consortium, but as a senior executive of Merrill Lynch, even though he knew the chance was slim, he still mentioned it. If there was a chance, he could not give up that slight possibility.

He said: "Mr. Li Guangyu still takes his position too seriously. Competition and cooperation will be the norm in the future. You can't completely stop cooperating just because of competition. That's not conducive to the development of the Li's consortium. The financial aspect is mainly in the United States, and Mr. Li listed many important companies in Hong Kong and London this time, I am afraid that the gains outweigh the losses, and the financial markets in these two regions are far from being comparable to those in New York."

Li Xingquan admits that New York currently has an absolute advantage in the stock market and finance to suppress other regions, but the listing of these groups in Xiangjiang and London will definitely not be too bad. Local influence of the consortium.

Listing in New York, the American consortium will definitely not be willing to let the Li's consortium obtain the status of a blue chip stock, and it is also vulnerable to the suppression of the American consortium.

The future market focus of the Lee Consortium is Greater China and Southeast Asia, followed by Western Europe and the Commonwealth, Latin America, and Eastern Europe, followed by the United States and Africa.

The biggest strategy of the Lee Consortium is to compress American companies within the US market, so that even if the companies of the Lee Consortium are successful, the senior management of the Lee Consortium knows very well that competing with American companies in the US market will be extremely unfair. environment, and even some companies will be restricted from entering the US market.

Li Xingquan said: "Our Xiangjiang company has always been with companies from all over the world with a heart of cooperation. It's just that some places have implemented double standards, and even suppressed and restricted foreign companies through the government. Cooperation must at least be a win-win situation, but some companies have suffered. He is not even willing to give his collaborators a mouthful of soup, and even holds a butcher knife in his hand, ready to stab his collaborators behind his back at any time. After such a cooperation has been done once, it is absolutely impossible to have a second time.”

Chris knew very well that Li Xingquan was accusing Sang Huai of their California consortium. They have been partners of the Li consortium in the United States for many years. They also contributed a lot to suppress the Li consortium this time.

……

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(End of this chapter)