Reborn Millennial Gamer

Chapter 426 It is an honor to be listed on the Hong Kong Stock Exchange

"On March 3, the Hong Kong Securities Regulatory Commission held a board meeting to discuss the issue of Penguin's listing. Chairman Wei Yili said: My first major task in taking office is to try my best to ensure that Penguin is listed in Hong Kong."

"..."

"Recently, there are rumors in the market that Penguin Group has hired Goldman Sachs as a listing sponsor and submitted a listing application to the Hong Kong Stock Exchange. Penguin spokesman Liu Chiping responded today that the group has not yet decided to hire an investment bank. None determined.”

"Who will get the largest IPO in the history of Huaxia Internet companies? Hong Kong stocks are going to the left, and U.S. stocks are going to the right. Where does Penguin go?"

Penguin's listing has become a top priority for the financial sector and the technology sector to follow up, and gossip, true and false, emerges endlessly in the circle.

Not only the eyes of the whole country, but even the capital of Wall Street are all focused on the penguins in Pengcheng.

"Mr. Lu, this is the list of visitors for the Xiangjiang Legislative Council Pearl River Delta Study Group."

Lu Huateng and Zeng Liqing sat on the left and right sides of Lu Fei, and their eyes fell on his face like a lake.

"Hey, the show is big enough!"

Lu Fei glanced at ten lines, and a smile rose from the corner of his mouth.

The head of the delegation is Zhang Huafeng, a member of the financial services industry, and Chen Xiaowen, the senior vice president of the Hong Kong Stock Exchange, serves as the deputy head.

"Yeah, this lobbying lineup is the only one among mainland enterprises. Even the provincial leaders were alarmed. Deputy Wang and Secretary Chang said that they will accompany them at that time."

Zeng Liqing smacked his lips: "It seems that he is determined to invite us to Penguin for listing."

"Heh, I hope you don't make any foolishness."

Lu Fei didn't show any interest: "At least come with a letter of approval. As long as you agree to 'AB shares' and 'partnership system', I will immediately make a decision and submit the IPO prospectus to the Hong Kong Stock Exchange."

"Mr. Lu, what if the Hong Kong Stock Exchange doesn't work this way?"

Zeng Liqing asked tentatively.

"That can only go to US stocks. 'AB shares' and 'partnership system' are the foundation of Penguin, which cannot be shaken no matter what."

As soon as Lu Fei said this, Lu Huateng and Zeng Liqing looked at each other and almost agreed with each other.

After all, although Penguin Partners has developed 9 people, there are only three permanent partners present.

A fast-moving partner, an iron-clad trio!
"It depends on whether the Hong Kong Stock Exchange grants a special case."

Lu Fei raised his neck and drank the tea in one gulp.

In fact, not only for Penguin, but also with the help of Penguin to promote the reform of the Hong Kong Stock Exchange, because the subsequent flying purchases are listed in Hong Kong as the first choice.

With the same language and the same species, the stories told are easier to understand, and Xiangjiang will not be picky about some of Feigou’s weaknesses, such as fake and imitated goods. After all, it wants to give face to the big brother in the mainland.

"President Lu, there is no problem with Nasdaq."

Lu Huateng took the initiative to pour tea and said: "The New York Stock Exchange will not give an answer until the institutions are merged, but the problem is not too big. Which one does President Lu prefer?"

Lu Fei asked: "What advice did Mr. Liu give?"

Zeng Liqing directly said that it is the "New York Stock Exchange". There is no need to form a board of directors composed of a majority of independent directors, and there is no need to form a corporate governance committee composed of only independent directors. The perfect "partner system" soil.

"The key is that the listing efficiency is fast."

Lu Huateng stretched out 5 fingers, "5 months at the fastest."

Lu Fei raised his eyebrows in surprise, but after thinking about it, Ahri, who was also listed on the New York Stock Exchange in his previous life, released the IPO prospectus in April and May, and gave the green light all the way, and it will be listed in September.

Then he stood up, went to the desk, picked up a red-headed document, handed it to Zeng Liqing, and told him to communicate internally, the paper version was sent to the middle and high-level, and the electronic version was sent to the employee community.

Zeng Liqing and Lu Huateng leaned over and took a closer look. The large letters on the cover read——

"The company fully operates the 'partnership' system after listing."

"Penguins:

Recently, you must have heard a lot of reports about Penguin’s partnership system and post-listing control rights from media channels. As I plan to go public, I would like to report to you the situation of the partners...

What kind of system innovation can realize our dream?
Beginning in 2003, the group began to test-run the 'partner' system within the management team, selecting new partners to join each year.

Partners, as the company's operators, business builders, cultural inheritors, and shareholders, are most likely to adhere to the company's mission and long-term interests, and create long-term value for customers, employees, and shareholders..."

It was obviously Penguin's internal mail, but it leaked by accident, just when the inspection team arrived in Pengcheng.

It also happened that it was the first time Penguin disclosed it semi-publicly.

"On purpose, that Mr. Lu definitely did it on purpose."

Zhang Huafeng said helplessly: "Xiaowen, he is trying to show us off."

"You can't say that, it should be a vaccination."

Chen Xiaowen put down the copy of "The Company Will Fully Operate the 'Partnership' System After Listing" and said with a smile, "Before I came here, I really didn't understand the purpose of this partnership system. Now I have a clue."

"Oh, it looks like you agree with it?" Zhang Huafeng asked in surprise.

"It's useless for me to agree. It depends on the attitude of the Hong Kong Stock Exchange colleagues and the regulatory authorities."

Chen Xiaowen shrugged: "I have faxed it back to the headquarters."

"However, Mr. Lu's attitude is very clear. If he dares to issue such a document, he insists that the AB shares and the partnership system will not let go."

Zhang Huafeng pinched the Qingming point on the bridge of his nose.

"Tomorrow, there will be a fierce battle."

Chen Xiaowen's heart sank, and he looked out the window at the night sky.

The cold sky is dark and heavy, as if smeared with boundless thick ink, the bright full moon hangs obliquely, and a few scattered stars are dim, let alone compete with the moon for brilliance.

The next day, cloudy turned cloudy, and the sky was not visible.

The delegation of the Legislative Council arrived at Penguin early in the morning, and at the gate of the building, Lu Fei personally led the team to meet them.

The two sides talked politely and did superficial things. The inspection team gave enough pomp and penguin to show off their face. They spent a whole morning and worked hard. After the provincial leaders resigned and left, the inspection group finally wanted to see each other.

Zhang Huafeng got straight to the point and asked about Penguin's listing plan.

"The first thing to do when I go public is to use a sum of money to build a building that belongs to Penguin. It's almost 7 years old, and I have to have a nest of my own."

Lu Fei pretended to be confused while pretending to understand.

Chen Xiaowen said with a smile: "What does Boss Lu think of Xiangjiang?"

Lu Fei said: "That's right, but the land price is too expensive, it's better to be in Pengcheng, the roots of penguins are here."

Zhang Huafeng said straightly: "What if it is listed in Xiangjiang?"

Lu Fei raised his feet, raised his legs, said that he liked Xiangjiang very much, and revealed in his tone that "it seems a pity not to be listed in Xiangjiang".

Chen Xiaowen was full of enthusiasm and tried his best to speak well of Xiangjiang.

"We will definitely seriously consider the Xiangjiang market."

Lu Fei just refused to tell the truth, with a smile on his face.

"Mr. Lu, what else are you thinking about! Let's participate in the construction of Xiangjiang's financial market and make it the second largest financial center in the world after New York."

Zhang Huafeng said: "Penguin's listing on the Hong Kong Stock Exchange will be a crucial step."

"Mr. Chen should understand what Penguin is thinking about?"

Lu Fei looked at Chen Xiaowen with a smile, but he didn't speak up by himself, but let them speak out on their own initiative.

"Ahem, Mr. Lu."

Chen Xiaowen cleared his throat, "The Hong Kong Stock Exchange was established in 00, and it has been almost 5 years. The principle of 'same share, same rights' is always maintained to ensure that all shareholders are treated equally, and the 'partnership system' is unheard of. "

"Rules are dead, people are alive."

Lu Fei waved his hand, "Rules are for people to break. Have there been AB shares before? Isn't it also implemented by a few companies, the partnership system, why can't we start with Penguin?"

Chen Xiaowen persuaded: "President Lu, I understand very well that your intention of doing this is to maintain your control.

But I have studied the shareholding structure of Penguin. You have 58.5% of the shareholding. Even if it is diluted by a few percent, even without AB shares and partnership system, Penguin can still develop very well. "

"Whether it is necessary or not is one thing, and whether it is available is another. If the two of you are persuading us to give up these reasonable demands, I don't think it is necessary to continue the discussion."

Lu Fei put down his raised legs, with a serious face.

"Slow down, Mr. Lu, you misunderstood me."

Chen Xiaowen hurriedly explained that it was not that he did not agree.

Chinese people like compromise and harmony.

Whether Penguin has AB shares or a partnership system, it is the first time in the Hong Kong Stock Exchange. Everyone will definitely not allow it, but if it insists that non-double insurance is not enough, the Hong Kong Stock Exchange may agree to open AB shares as a special case.

Lu Fei suddenly said: "Advance is retreat."

"That's right! To be honest with Mr. Lu, I also think that the Hong Kong Stock Exchange's current listing standards are too old and pedantic. We should actively embrace the global new economic development trend, especially the Internet."

With a sincere tone, Chen Xiaowen offered an olive branch.

"Thank you Mr. Chen for your kindness, but I refuse."

Lu Fei directly declined. What kind of joke are you kidding? The Penguin partnership system is well known inside and outside, and you still want him to take it back?
You have no jokes!

Zhang Huafeng stayed and said: "Mr. Lu, I think Mr. Chen's proposal is a win-win for Penguin and Hong Kong Stock Exchange. Why bother to make a mess? "

"Wrong, Mr. Zhang, only the Hong Kong Stock Exchange is hurt."

Lu Fei raised his lips and said confidently: "The Hong Kong Stock Exchange must have penguins, not the penguins must have the Hong Kong Stock Exchange."

"Mr. Lu, you are serious! For Xiangjiang, even if it loses a listed company like Penguin, it is not a big deal."

Chen Xiaowen had a gloomy face and did not accept threats at all.

"Yes, the Hong Kong Stock Exchange has a big business, so it's really not a big deal to lose one or two listed companies."

Lu Fei stretched out his fingers and counted them one by one: "But I still have Sogou, Line, and Feibu. Can Xiangjiang accept missing a penguin, can it accept missing a group of penguins?

Can you accept missing out on a whole generation of innovative technology companies?
Is it acceptable to miss almost the entire Internet bonus! "

"This this……"

Zhang Huafeng stared wide-eyed, speechless for a long time.

And Chen Xiaowen felt that it made sense, and was speechless for a while.

"We don't care where we are listed, we care where we are listed and this culture of openness, innovation, accountability and long-term growth has to be supported."

Lu Fei took a cold look, the partnership system and AB shares, no matter who you are in the Hong Kong Stock Exchange for and against, you have to agree if you agree, or you have to agree if you don't agree.

After speaking, Huo Di stood up, which undoubtedly meant the order to evict the guest.

Chen Xiaowen's face turns green and turns pale. The Hong Kong Stock Exchange, which he is usually proud of, is like an ant in front of Master Lu and his Internet empire.

"Mr. Chen, some people are honored to receive the Nobel Prize, and some people are honored to receive the Nobel Prize. Do you understand this?"

Lu Fei showed a harmless smile and patted him on the shoulder lightly.

"I, I understand, I understand."

Chen Xiaowen felt a shudder down his spine. This kind of domineering aura was only seen in the heads of the four major families in Xiangjiang and the gambling king of Lisboa.

This guy is so terrifying!
…………

The delegation found nothing and returned to the hotel in a state of embarrassment.

Chen Xiaowen wiped his face fiercely, and hurriedly reported the truth to the Hong Kong Stock Exchange, deliberately omitting the arrogant side of Master Lu.

"'Some people are honored to receive the Nobel Prize, and some people are honored to receive the Nobel Prize', what does Lu Fei mean by this sentence?"

As a conservative, Xu Yingcai participated in this teleconference. When he heard Lu Fei's contempt for the Hong Kong Stock Exchange, he was furious:
"Entrepreneurs in the mainland are too rude! Even Liu Chuanzhi of Lianxiang dare not make such a big deal!"

"Okay, okay, now is not the time to argue about this, let's think about what to do next?"

Zhou Wenyao panicked, "Can Liu Chuanzhi, a "trade, industry and skilled" person, be able to compare with Master Lu?Not worthy at all!
"What else can we do? What he gave us was a multiple-choice question, either for or against."

Xu Yingcai said bluntly: "I firmly oppose it! To compromise and bow to Lu Fei is to lose Xiangjiang's face. Xiangjiang must stick to principles and hold up his head proudly."

Zhou Wenyao asked, "Xiaowen, what about you?"

Chen Xiaowen was speechless for a while, even the Nasdaq and New York Stock Exchange licked Master Lu's feet, and our Hong Kong Stock Exchange pretended to be nm!
"What Mr. Lu said is unreasonable. It is easy to lose an Internet giant, but what we have lost is not only a giant, but a series of Internet dividends brought by the giant.

Think about Feigou, think about Sogou, and think about companies such as Baidu and Focus Media that Mr. Lu still holds shares in. Xiangjiang should not be complacent and bow its arrogant head to Mr. Lu, not ashamed! "

"Shame, shame!"

Xu Yingcai cursed and said: "Xiangjiang is a society ruled by law, we cannot trample on our laws just because of one person, the dignity of the financial circle of Xiangjiang cannot sacrifice long-term principles for short-term interests!"

"Adhering to principles is not adhering to an unchanging system. The Hong Kong Stock Exchange must innovate and keep up with the wave of Internet dividends. Otherwise, there will be no cure for regret."

Chen Xiaowen quickly said: "Mr. Zhou, we can't wait any longer. Now, Credit Suisse, Deutsche Bank, Goldman Sachs, **, Morgan Stanley, Citigroup and more than a dozen Wall Street investment banks want to invite Penguin to go public in the United States..."

“Penguins must not be missed!”

Zhou Wenyao was in a dilemma, and sighed: "However, the partnership system and AB shares cannot be fully agreed, so let's ask the leaders of Xiangjiang and Yuedong to persuade Mr. Lu again.

He doesn't need to give us face, but the leader's face must be given some points, right? "

ps: Just one chapter today.

(End of this chapter)