Age of Dreams

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At 9 o'clock in the morning, the office building of the Hong Kong Stock Exchange.

Xiao Qi and Feng Kelun arrived in the meeting room on time. In addition to Zhou Wuyao, the CEO of the Hong Kong Stock Exchange, there are also three persons with power in the Hong Kong Stock Exchange: Vice President Rob, Chief Financial Officer Tan Jiachun, and Director and Supervisor Zheng Yuhong, who represents the government.

In addition to Zhou Wuyao as a professional manager, Rob is a member of the Luo family, the controlling shareholder of Hong Kong's largest securities company, Tan Jiachun is closely related to Hong Kong's second richest man, Li Sishu, and the last Zheng Yuhong is Zheng Yoga's nephew.

Seeing Xiao Qi and Feng Kelun coming in, they naturally smiled.

"Sit down, please, Mr. Feng, please sit down!"

Zhou Wuyao and the other four arranged for Xiao Qi and Feng Kelun to sit opposite them. There were no people around who recorded the meeting. Obviously, they didn't want the outside world to know about the negotiation conditions this time.

In fact, in many listing activities, the outside world only wants to let them know, and the real inside information and exchange terms will not be made public.

For example, they want to make Meitu Sharing Company go public ahead of schedule. Although the capital has put pressure on Xiao Qi and asked Xiao Qi to agree, it still depends on Xiao Qi and the Hong Kong Stock Exchange to discuss the specific operation.

Otherwise, Xiao Qi just found a few interfaces and dragged it around for a month, and there was nothing to say about the capital.

But the Hong Kong Stock Exchange is miserable. I originally wanted to seize the opportunity to stabilize people's hearts. If you delay for a month, who knows if the Hang Seng Index will collapse to a new low?

Therefore, the Hong Kong Stock Exchange never thought that it would get such a big benefit without paying anything.

And as long as Xiao Qi is willing to talk, that is a very good thing.

"Today, Mr. Feng and I came to negotiate mainly with Mr. Feng." In response to everyone's eyes, Xiao Qi said, "His opinion can represent my opinion."

He set the tone like this. Then things are easy to talk about.

In addition, everyone feels that Mr. Feng is young and does not understand the market, so he is naturally easy to be fooled. As for Xiao Qi, who is younger than him, he is definitely not comparable to ordinary people. Why don't you say that young people are young, but they are sitting on the throne of the world's richest man. It's been two years? And looking at this posture, sitting on the throne of the world's richest man for 70 or 80 years is not a problem.

The people who had despised von Klein. Encountered a problem at the beginning.

"First, cancel the 25% tradable share requirement! Second, cancel the one-share, one-vote rule! Third, the Hong Kong Stock Exchange must ensure that Meitu Shares' stocks are not affected by violent fluctuations. Once an abnormal situation occurs, Meitu Sharing Company has the right to request suspension of trading at any time. Fourth, the number and amount of Meitu Sharing Company shall be determined by the company itself."

Ok.

When Feng Kelen said these four prerequisites, the four giants on the Hong Kong Stock Exchange frowned.

Although they had expected it. Xiao Qi would definitely use a one-share one-vote thing to talk about things, but he didn't expect to directly talk about the 25% tradable shares this time.

As for the third point of suspension, it is a good deal. Although Li Chaoren and Li Sishu do not have such privileges, they are almost the same. When they called, the Hong Kong Stock Exchange did not say anything. No way.

The fourth point is even more excessive, although the nominal market value is determined by the company itself. Then declare, and everyone has discussed it. But the stock exchange actually has a lot of power to deny.

If they think that the valuations of many companies are too high and they are afraid of affecting the issuance, they will lower the price and the amount of shares to be raised.

This was the case with Penguin in Hong Kong at the beginning, but Penguin himself also stood up and increased the value by hundreds of times in one breath, making it the first real network technology.

For the first and second requirements. The Hong Kong Stock Exchange still expects it, but they don’t plan to just do so. It’s too simple to let Meitu Share the company get it. How can it work?

Don't forget, there is also a fairy guardian who has talked about it a lot behind the Mito share. This company is even a direct line of the Fairy Company. If they ask for new treatment, they will know what conditions they will offer that day.

Rob groaned and said, "President Feng, the third point is okay for these requirements, but you have to go to a scene and call to inform, otherwise we will not be able to explain it outside. But the rest Three points. Each point is related to the Hong Kong Stock Exchange's foothold. I am afraid it is not so easy to achieve."

"If it's easy, can we bring it up?" Feng Kelun also honestly and straightforwardly said: "Meitu Sharing Company is an online company for the whole world. If it is **** by the bad regulations of a place like Hong Kong, how can it be The world is developing? So we should be in line with the world. Moreover, we are not asking for nothing. People in the United States have implemented it for many years and the effect is still very good. Why can't we?"

After a pause, Feng Kren said, "You don't have to wait for next year, believe it or not. This year I will go public on NASDAQ. The conditions they give are definitely better than you! People are serving major companies instead of treating the company as a company. Be the subject of jurisdiction!"

CFO Tan Jiachun frowned, and was about to say something, but his feet hurt. Turning around, Zheng Yuhong, who was sitting on his right, pretended to write something with a pen, as if it was not him who kicked Tan Jiachun just now.

Tan Jiachun, who had recovered, looked at Xiao Qi who was silent, and sighed. Everything he wanted to say just now was stuffed back into his stomach.

"Hehe, Mr. Feng, you are a bit biased when you say that. How do they foreigners know how to take care of the companies in China? Or we are better here in Hong Kong, we are all our own people, and we will naturally cooperate happily." Zhou Wuyao was finishing the round. "The Hong Kong Stock Exchange in Hong Kong is also preparing to issue an announcement in the last two days about the one-share, one-vote issue, but we feel that the U.S. tertiary stock structure is too exaggerated, and the secondary stock structure seems more feasible. some."

The third-level stock structure is to divide the stocks into three types: a, b, and c. There may be one share for one share for a class of stocks, one share for two votes for class b stocks, and ten votes for one share for class c stocks.

The secondary stock structure is simply divided into two structures, a and b, and the specific stocks occupying the voting share are determined according to specific company regulations.

In general, the secondary stock structure is the more popular approach.

The Hong Kong Stock Exchange is afraid that Feng Kelun will use the three-level stock structure to speak. This way, only 10% of the stocks can express 80% of the equity. This is too exaggerated.

Like a secondary stock structure, even if it is a ratio of one to two or one to three, it is barely acceptable.

"Secondary stock structure is fine too!" Feng Kelun nodded. He came here to achieve his purpose, not to fight, "What about 25% of the outstanding shares?"

"I think we have to take it slowly." Rob shook his head and said, "This regulation has been implemented for many years, and there are similar regulations in Europe and the United States. If reforms are to be made, then it is impossible to completely abolish them, at most now. Change it to 20%. If we can give us some time, I think we should be able to introduce a temporary method within a year to reduce this amount to 12%-15%."

Feng Kelun hesitated a bit. Zheng Yuhong here smiled and said, "President Feng, any reform process is gradual. If it is fast, it will not be good. Please trust our sincerity. We will not take this kind of thing. Come here to joke and deceive people."

Before coming, Xiao Qi told Feng Kelun that he decided on all the things that Meitu shared, and Xiao Qi wouldn't give him any advice, so Feng Kelen thought about it for a long time and nodded slowly.

"The remaining fourth point is that it is troublesome and troublesome, and that it is not troublesome or troublesome." Zhou Wuyao said, "But I can ask, what is the valuation of Meitu Sharing Company? How much are you going to raise?"

"As of August, Meitu Sharing has more than 250 million registered users and more than 180 million monthly active users. It is already the world's largest photo website." Feng Kren said, "A few months ago, we had only 100 million. When active users, foreign investment banks gave a valuation of 3 billion U.S. dollars."

"I know what you said, but what do you mean by it?" Zhou Wuyao felt that he was a little afraid to hear an astronomical number reported by Feng Kelen.

"10 billion U.S. dollars." Feng Kelun said word by word.

Somehow, the four giants, including Tan Jiachun, felt relieved after hearing this number.

When they heard about von Klein’s conditions, they thought that at least von Klein would also propose a valuation of 12 billion U.S. dollars, but they did not expect it to be less.

"In addition, the total amount of shares we took out to raise funds is 50%, including the shares for shareholders, underwriters and market circulation of various joint-stock companies." Feng Kren said, "but as our management ~ www.readwn. Com~ and Mr. Xiao Qi, the largest shareholder, the stock we hold will be 1.5 votes per share. If we sell it, it will automatically be converted to ordinary stock and will no longer be eligible for 1.5 votes."

"So many!" Tan Jiachun couldn't help sighing.

I thought they would be polite if they could take out 30%, but I didn't expect to be willing to release 50% of the shares.

Zhou Wuyao glanced at him, then smiled and said to Feng Kelun: "The price is a bit higher, and the shares released are a bit more. But I think people of insight in Hong Kong will definitely buy it actively! I personally welcome it. President Feng’s decision and the comments you just put forward. We will hold a meeting when we go back, and we will give President Feng your answer soon!"

In fact, after talking for so long, the bottom line of the other party is basically known, and the bargaining is almost the same.

What Zhou Wuyao thinks now is, when Meitu Sharing Company is willing to sell 50% to other companies, and the news of the listing and circulation goes out, I wonder how many people will be crazy about it?

No one can afford to buy shares in such a popular company as Meitu Sharing Company! (To be continued...)