Rebirth in a Perfect Era - Chapter 1750
On the way back to Huaxia, Li Mu increasingly felt that going public in the United States was becoming more and more boring.
The listing of science and technology enterprises in the United States is itself due to the relatively advanced science and technology environment in the United States and the recognition of science and technology enterprises.
It is precisely because of the presence of Silicon Valley, the US capital and investors, the recognition of science and technology enterprises as a whole can reach the world’s first.
If you give a specific example, such as Baidu, which is about to go public in the United States.
If Baidu prepares to list on the mainland’s A-share market, it will firstly fail to meet the requirements for three consecutive years of profitability, and then another, the domestic market’s recognition of him will definitely be much lower than Nasdaq.
That is to say, if Baidu is going to list 10% of its shares for circulation, the mainland A-share market is relatively conservative and can give him a price-to-earnings ratio of 20 times. He can get a valuation of 5 billion yuan. 10% of the shares are in circulation, which can raise 500 million yuan of funds.
However, because Nasdaq is a GEM in the United States, it is very friendly to science and technology enterprises, so they can give Baidu a 40 times price-earnings ratio, which means that if Baidu went to Nasdaq, it might get 10 billion yuan worth of valuation.
In this way, the same amount of capital was taken out of the 10% of the shares, but the funding was doubled.
This is why most Internet companies flock to the Nasdaq.
However, the Internet industry suffered a bubble burst in 2000, so at this stage, the US market’s trust in the Internet is not as high as before.
In this context, if Li Mu really wants to list in Hong Kong, he will not get much lower valuation than the United States.
The key is to stay away from this group of profitable Wall Street capitalists and away from this group of rich American masters.
Although many older generations of Hong Kong capitalists are fundamentally no different from Wall Street capitalists in the United States, at least, after the return of Hong Kong, state-owned banks have developed very rapidly in Hong Kong. The biggest difference between state-owned banks and those capitalists is that state-owned banks Not only pursue profits, but also promote the development of society and economy, while capitalists only pursue profits, they do not care whether the society and the economy are developing or regressing.
If the society is going backwards, and the capitalists are richer, they do n’t mind going back to the Stone Age.
Therefore, Li Mu thinks that if you can find a state-owned securities broker in Hong Kong to be an underwriter, and the market value given is not much less than the US dollar, then it will simply be listed in Hong Kong. The outlanders have contributed to the economy of the Hong Kong SAR.
So, the more you think about it, the more Li Mu feels worth trying.
You should find a chance to go to Hong Kong and talk to Hong Kong’s state-owned securities brokers, as well as to the person in charge of the Hong Kong stock market.
Hong Kong is a financially important place, but in the past life, it has almost perfectly missed the dividends of the Internet market and only caught a Tencent. This is because Nasdaq is indeed more professional, and because many of the rules of the Hong Kong stock market are not flexible.
If Hong Kong stocks had agreed to the partnership system of Boss Ma, Ah Li would have been listed in Hong Kong.
Ahli is not only a giant internet company with trillions of Hong Kong dollars, but also an engine in a giant market of e-commerce worth tens of trillions of Hong Kong dollars. If Ahri is listed in Hong Kong, those enterprises that Ahri later invested in will go independently. Those subsidiary companies will also enter Hong Kong one after another.
Coupled with the ecology of Tencent, Hong Kong can easily build an Internet financial ecology, so naturally this benefit can grow bigger and bigger like a snowball.
At present, Li Mu not only has the global ecology of Makino Technology, but also a Taobao and Alipay. There are also a lot of companies and industries outside. It will not be difficult to get all of them to queue in Hong Kong. It will definitely increase the market value of the Hong Kong stock market by more than ten trillion yuan.
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Back in Yanjing, Li Mu was planning to make a trip to Hong Kong. The senior leaders of the automotive industry had an appointment with Li Mu, and he decided to acquire Ford’s Jaguar Land Rover and Volvo brands.
Suddenly, Li Mu killed the US and won three auto brands. The domestic industrial sector is very excited because this is an unprecedented attempt in the domestic auto industry. There is too much imagination behind it.
Therefore, the competent authority and Li Mu identified several issues.
First, when is the acquisition completed?
Second, when will you move into Huaxia?
Third, where to move to Huaxia?
Regarding the first question, Li Mu also agreed with Elon Musk. Now that the acquisition intention has been reached, Makino Technology immediately commissioned an internationally renowned financial company to conduct asset auditing and due diligence after paying a 200 million USD deposit.
The audit and due diligence are completed, and if there are no objections, you can pay the remaining amount and complete the acquisition.
Regarding your second question, Li Mu wants to move the overseas production lines of the three brands to Huaxia one after another after completing the acquisition. If the American union can solve the problem, they will all move over. If the American union cannot solve the problem, it will be retained for the time being The American Land Rover production line.
Regarding the third question, Li Mu’s idea was to leave the site in his hometown, South Jiangsu Province.
The specific idea is to set up an automotive industry center in Haizhou.
Haizhou’s economy has been underdeveloped. As an entrepreneur from Haizhou, he hopes to contribute to his hometown.
However, the leaders of the competent authorities analyzed in detail the immature site selection in Haizhou for him.
Haizhou is too small, has a small population, and has no industrial foundation. The only advantage is that it is not far from the sea and there are ports and railways. In addition, the foundation is very poor.
Domestic automobile enterprises, FAW is the eldest son of the Republic’s industry. After the founding of the People’s Republic of China, it flourished with the strong support of the country. It has been put there for decades, and it can be said to be the first in China in all aspects;
The Shanghai Automotive Group was established very early, and it is located in Shanghai. It needs talents and talents, economy and economy, and transportation and transportation. In addition, it has a long history of establishing joint ventures with foreign companies, and its experience and heritage are also very strong. ;
Although Yanjing Automobile Group was established slightly later than the Shanghai Stock Exchange, it has the same talents, economy, transportation, and policies as the Shanghai Stock Exchange. Cooperation with overseas companies is also accumulating experience and technology, so it has developed well.
In addition, the growth of several private enterprises has been difficult. For example, Geely and Qirui brands have been developed for many years and they have been developed a little bit. In the initial construction, it was difficult to recruit workers. The core team Even more troublesome.
Only then did Li Mu realize that the real economy, especially the various constraints of industry.
Leaders have rich experience and know more about domestic and industrial conditions than Li Mu. Their experience is worth learning from.
Li Mu thought about it carefully. If he wants to bring these three brands into the country, then in theory, the closer the three brands are, the better, because in the future, the technology will be common, and the spare parts will even reach a certain level. Interoperability, the closer you are, the lower the cost and the higher the efficiency.
If you want to build three auto brands and add your own brand, then the area will be large. It is not an exaggeration to say that the area of a medium-sized economic development zone may not even be enough.
This requires strong support from local governments.
Leaders hope that Li Mu will consider Yanjing because Yanjing universities have strong resources and strong industrial heritage.
However, Li Mu is really worried whether Yanjing, which is developing at a high speed, can prepare a large enough land for its four auto brands.
It is enough for the BAIC family alone, and they are working on the film and television city project. The area of that project is really not smaller than the car project.
So Li Mu decided to set up the head office in Yanjing first, and then communicate with the professional team. Then how to plan the production lines of several brands.
There are many processes involved in automobile production, and most of them are disassembled. Li Mu thinks that if it is not possible, then the head office and the assembly line can be placed in Yanjing, and the others around Yanjing. Beijing is offline, sold nationwide, and even the world.
Another important issue is funding.
The acquisition of these three brands is only the first step. The second step also requires tens of billions of yuan of funds to gradually transfer all the production lines, talents and technologies of these brands to China. They need to buy land, build factories, and transport. A large amount of equipment is coming, and large-scale industrial upgrades are required. The total amount of funds behind this will not be less than 10 billion US dollars.
Fortunately, this money does not have to be taken out at one go in one step. You can take out some money first, then borrow a money from the bank, and then apply for some local subsidy policies, especially the issue of land acquisition.
Such a large industry ~ www.mtlnovel.com ~ is really pure land purchase, I am afraid it will require an astronomical figure.
Fortunately, the state has always supported private enterprises. The larger the size of the enterprise and the stronger the economy and employment, the more policy support the government will give.
At that time, on the issue of land, we must rely on the help of local governments.
The leaders also gave a very affirmative statement that Li Mu bought three internationally renowned automobile brands in one breath and turned them into 100% Huaxia automobile enterprises. Once relocated to China, it will inevitably bring a huge improvement to the domestic automobile industry. Therefore, no matter where he chooses the site, the superior and local government will inevitably give the greatest support, and even state-owned banks will give huge loans with favorable conditions.
This makes Li Mu feel quite solid, with the support of the country, he also has stronger confidence in the integration and rebirth of these three auto brands.
During the talks, the leader also gave him a small suggestion, saying that he hoped that he could strengthen cooperation with Shougang to see if he could help Shougang and make a breakthrough in the field of automotive steel.
Li Mu did not hesitate to agree, and promised that once he integrated the resources of the three brands and smoothly moved into the country, he immediately invested in a research laboratory for automotive steel with Shougang.
Automotive steel has always been an important part of the steel market, but due to the unsatisfactory development of the domestic independent automobile industry, domestic steel mills have not made enough breakthroughs in the field of automotive steel.
Although automobile steel is developed and produced by steel mills, it is difficult for steel mills to make major breakthroughs without the full assistance of an automobile manufacturing company.
However, if Li Muzhen integrates these three brands into China, and then cooperates with Shougang to engage in the research and development and testing of automotive steel, then Shougang’s business in this area will provide great help!