In 1983, a small island started from a large farmer
Chapter 714 Going public?
At the end of 1993.
Minlong Company held an end-of-year meeting. The venue was full of employees. The host of this meeting was Wu Shaoyan.
To be honest, Minlong is really lucky to have recruited such a person.
Publicity, entertainment, and packaging are all fine, but the most important thing is magnanimity and confidence. But think about it, if you were born in a family like that, it would be impossible for you to be stage fright.
"Congratulations to Li Yinhua, Zhang Sancai, Wu Fugui and ten other employees for winning the Minlong Company's Best Employee Award of the Year. The prize money is 2,000 yuan. Please invite the three employees to come on stage to receive the award."
The person who presented awards to outstanding employees was Li Duoyu. As a former slave, he knew very well that it would be better to give bonuses directly than to give out those empty titles.
Two thousand yuan was the annual salary for most employees. As the 1990s began, prices rose rapidly and wages also increased.
A few years ago, the price of meat was around two yuan, but now it has risen to five yuan, and the wages have also increased from around fifty yuan to around two hundred yuan.
But in this special period, not many factories are willing to raise prices. The average monthly salary for Minlong’s employees is about 200 yuan.
Zhou Xiaoying's salary is only over 100 yuan, and some state-owned enterprise employees only earn around 150 yuan. Some unscrupulous factories even pay less than 100 yuan.
Therefore, this two thousand yuan bonus is definitely a huge sum of money for most people. The employees sitting below are so envious and full of motivation.
In addition to giving bonuses to employees, Minlong Company also welcomed its first official dividend distribution, and shareholders all received corresponding amounts of money.
The person who received the largest dividend this time was Chen Wenchao. Looking at the numbers on the passbook, Chen Wenchao felt inexplicably hot.
Although he only owned 2% of the dividends of the entire Minlong Group, after accumulating them over the years, the amount he received in one go directly exceeded eight figures.
The term "ten thousand yuan household" has long been a thing of the past and has long been forgotten. Nowadays, it is more popular to call people millionaires, but Chen Wenchao already has tens of millions in his bank card.
After seeing the dividend, his wife Liu Xiaolan said seriously, "Don't let my brothers know about this, or they will definitely come to borrow money."
Chen Wenchao nodded: "I understand."
Although Liu Xiaolan's brothers have embarked on the right path, they are still somewhat lazy because they have such a capable brother-in-law at home.
Moreover, the fish farm lost a lot of money this year. If they knew that Wen Chao distributed so much dividend this year, they would probably come to their house every day.
After thinking for a while, Chen Wenchao asked Liu Xiaolan, "Do you think Brother Yu made a mistake in his calculations and gave me so much money? Should I go and ask him?"
Liu Xiaolan looked at him with disdain: "If you hadn't been with Brother Yu at the beginning, with your brain, how could you possibly be the person in charge of the feed factory? Brother Yu is such a person, how could he have made a mistake in his calculations? Even if he did, it's impossible for General Manager Li Er not to recalculate."
Chen Wenchao was stunned. The company's money was managed by Brother Yaoguo. Even if Brother Yu made a mistake in the calculation, Brother Yaoguo would definitely not make a mistake.
Liu Xiaolan continued, "Since Brother Yu gave you this money, you should keep it well. Managing the feed factory well will be the greatest reward for Brother Yu."
Chen Wenchao nodded, but he himself found it incredible that he suddenly became a multi-millionaire.
He looked at his wife who was still wearing ordinary work clothes, and couldn't help but grin and said, "Are you free this weekend? I'll take you to buy some new clothes."
But what Chen Wenchao didn't expect was that Liu Xiaolan actually said, "Now that we have money, why don't we have another child? We are not afraid of the fine."
"That's not good."
"But grandma is gone. Her greatest wish before her death was for your Chen family to have descendants."
"We'll talk about this later."
In addition to Chen Wenchao, his uncle Chen Dongqing, second brother Li Yaoguo, brother-in-law Zhang Mingsheng, Shitou, Xiao Jin, including Manager An and Wu Shaoyan all received dividends.
Not only these shareholders, but all the company's employees received dividends according to their length of service.
According to the company's announcement, at the end of the year, Minlong distributed nearly 40 million in dividends in one go.
Li Duoyu just wanted to keep a low profile, so he didn't invite any media, but the news of the dividend spread quickly. It was explosive news not only in Rongcheng, but also in the province.
During this period, the phone of Minlong Company was almost blown up, and the mailbox was full every day. Most people came to ask when Minlong Company would recruit again.
Director Lu Xiaoyu of the provincial TV station still had some complaints about the Minlong dividend issue. For such explosive news, they didn't even invite her to shoot a few scenes.
During this period of time, a team had been lobbying Minlong Company for several months, hoping to get it listed.
In these days, it is not easy for a company to go public, and the number of places is strictly limited. So far, only two companies in Fujian Province have been listed.
In an office on Wuyi Road in Rongcheng, several staff members in formal attire and carrying briefcases found Li Duoyu again.
One of the middle-aged men with a flat head said: "Mr. Li, Mr. Cao's company from the glass factory went public in June this year, and each share was sold for more than 30 yuan.
After going public, he made 200 million yuan directly, and now the scale of the factory has expanded many times.
Your Minlong is much more famous than the glass factory, plus you have been advertising on CCTV for so many years.
As long as it is willing to go public, then investors from all over the country will definitely flock to buy Minlong shares."
"Director Zhang, have some tea first. My rock tea from Wuyi Mountain is quite good." To be honest, Li Duoyu did gain some benefits after Chen Yuansu left. He transferred several tea gardens in Wuyi Mountain to him.
Under Wu Shaoyan's management, these tea gardens have established their own brands, and these brands of tea are used when giving gifts to the imperial capital.
Li Duoyu was making tea for the other party. Among these people, there were not only organized people, but also people from local securities companies.
This was the third time they came to him, all for the purpose of listing Minlong Company.
Director Zhang talked a lot of nonsense, but what he didn't know was that Li Duoyu and Brother Wang from the glass factory were good friends.
He has also invested a lot of money in him. If Brother Wang makes money, it means he also makes money.
In fact, it took the glass factory three years from issuance to listing, which was like a roller coaster ride. Brother Wang was almost on the verge of collapse several times and borrowed a lot of money from him, but it was still not enough.
In the end, if the bank had not stepped in to help, the glass factory would have probably been sold before going public.
After Li Duoyu made some tea for the other party, he said in a pretentious manner: "To be honest, our company really doesn't lack cash flow right now, so we have no plans to raise funds and go public for the time being."
At this time, a young man in a suit said, "Mr. Li, there are many benefits to going public."
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But as soon as he finished speaking, Director Zhang, who was accompanying him, glared at him and said, "Xiao Chen, do you need to explain the benefits of going public? Mr. Li is such a great man, how could he not understand?"
Li Duoyu smiled, and then asked the young man: "Little brother, can you tell me what disadvantages will arise if our Minlong Company goes public?"
"this?"
The young man was stunned for a moment, and then he regretted it. Why did he interrupt? How should he answer such a question?
Li Duoyu did not say it explicitly, but Minlong's cash flow in the past two years was so much that it could be lent to the bank.
In addition to aquaculture, Minlong has also been developing daily consumables in the past two years.
For example, when making fish sauce and MSG, if they have already started making fish sauce, they might as well make soy sauce and steal a company's signature slogan.
“Minlong soy sauce is delicious and fresh. It is dried for 180 days right here.”
Even the advertising scenes were copied, and in order to shoot this advertisement, a helicopter was even rented to capture aerial footage.
Seeing that they were hesitant and didn't know how to answer, Li Duoyu asked another nonsensical question:
"I'm just asking, if the seafood I farmed runs away one day, will the stock price drop to the limit?"
Faced with this outrageous question, the young man was so embarrassed, and Director Zhang also said:
"Mr. Li, you are such a joke. How could seafood run away?"
"Yeah, I'm just making an analogy."
At the end of the conversation, the group sighed. They knew very well that this trip was probably in vain.
But they really don't understand. Now almost all companies in the province are eager to raise funds and go public, but Minlong, which has a very strong reputation and strength, is not interested at all.
Li Duoyu, who has lived two lives, naturally knows that there are many benefits of listing a company.
But it all comes down to one word: money!
If going public is not for the purpose of making money, then what is the point of going public? But it is precisely because of going public that you can make money.
This has caused many entrepreneurs to forget their original intentions and they are all rushing to go public.
But the financial market is not that simple. Once a company goes public, it is very likely to be swept up by capital. At that time, it will not be surprising if anything happens.
Scallops will run away.
It doesn't seem surprising that the oysters and shrimps he farmed would run away.
Besides, Minlong has sufficient cash flow. If it wants to expand, it can use its own money and there is no need to raise funds.
When they finally left, Director Zhang couldn't help but ask, "Mr. Li, why don't you want to go public?"
Li Duoyu smiled.
"I'm just a junior high school graduate. The waters here are too deep. I can't handle it."
In the end, he still failed to convince Li Duoyu, but Director Zhang did not give up. Instead, he said, "We will come to you next time."
Watching them leaving, Li Duoyu was silent for a while. In fact, he had been paying attention to the stock market.
Since 92, the "T+0" trading rule has been implemented, which means that you can buy and sell at any time, without being subject to any limit on price fluctuations.
At that time, there was always a long queue in front of the securities companies. Some people became rich in a few days, while others jumped directly from the rooftop. (End of this chapter)
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