Rebirth in a Perfect Era Chapter 1750: Fat water does not leave outsiders

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On the way back to China, Li Mu feels more and more that getting listed in the US is getting more and more boring.

Science and technology companies go public in the United States because of their relatively advanced science and technology environment and recognition of science and technology companies.

Because of the existence of Silicon Valley, the recognition of science and technology enterprises by US capital and investors can achieve the world's first overall.

If you give a specific example, such as the Baidu that is going to be listed in the United States.

If Baidu is going to be listed on the mainland A shares, first of all it does not meet the three consecutive years of profitability requirements, and then, the domestic market will definitely recognize him far below Nasdaq.

That is to say, if Baidu is going to take out 10% of its shares for listing, the mainland A-share market is relatively conservative and can give him a price-earnings ratio of 20 times. He can get a valuation of 5 billion RMB. , With 10% of the shares in circulation, will be able to raise 500 million RMB funds.

However, because Nasdaq is an American GEM, it is very friendly to science and technology companies, so they can give Baidu a price-earnings ratio of 40 times, that is to say, if Baidu goes to Nasdaq, it may be Will get a valuation equivalent to 10 billion RMB.

In this way, the same 10% of the shares were taken out, and the capital raised was doubled.

This is why most internet companies flock to the NASDAQ for listing.

However, the internet industry suffered a bubble burst in 2000, so at this stage, the trust of the US market in internet is not as high as it used to be.

Under such a background, if Li Mu really wants to be listed in Hong Kong, the valuation will not be much lower than that of the United States.

The key is to stay away from the gang of profitable Wall Street capitalists and the gang of rich Americans.

Although many older generations of Hong Kong capitalists are basically the same as those of Wall Street in the United States, at the very least, after the return of Hong Kong, the development of state-owned banks in Hong Kong is still very rapid. The biggest difference between state-owned banks and those capitalists is that State-owned banks not only pursue profits, but also promote social and economic development. Capitalists only pursue profits. They do not care whether social and economic development or retrogression.

If the worse the social retrogression, the more rich the capitalists will be, then they do n’t mind the social retrogression back to the Stone Age.

So, Li Mu feels that if he can find a brokerage company with a state-owned background in Hong Kong as an underwriter, and if the given market value is converted into USD not much less than the United States, then he can simply get listed in Hong Kong. It can be regarded as a fertile field that does not flow out of the land, and has contributed to the economy of the Hong Kong Special Administrative Region.

So, the more you think about it, the more Li Mu feels worth a try.

I should find an opportunity to go to Hong Kong, chat with Hong Kong's state-owned securities firms, and person in charge in the Hong Kong stock market.

Hong Kong is a financial powerhouse, but previous life almost perfectly missed the dividends in the internet market and only grabbed a Tencent. This is because Nasdaq is indeed more professional, and on the other hand because of the many rules of the Hong Kong stock market Not flexible enough.

If Hong Kong stocks had promised Boss Ma's partner system, then Ali must have been listed in Hong Kong.

Ali is not only a giant internet enterprise with trillions of Hong Kong dollars, but also an engine in the e-Commerce giant market worth tens of trillions of Hong Kong dollars. If Ali is listed in Hong Kong, those companies that Ali later invested in, Those subsidiaries that go out independently will also enter Hong Kong one after another.

In addition to the ecology of Tencent, Hong Kong can easily build a internet financial ecology, so that it can naturally increase this profit like a snowball.

Now, Li Mu has not only the global ecology of Muye Science and Technology, but also a Taobao and a Alipay, and there are a lot of companies and industries arranged outside. It will not be difficult to get all of Hong Kong to line up for listing. Judging from this, it can definitely increase the market value of Hong Kong stock market by more than 10 trillion yuan.

......

Back to Yanjing, Li Mu is preparing to go to Hong Kong for a certain time. The superior leaders of the automotive industry have agreed with Li Mu to determine matters related to his acquisition of Ford ’s Jaguar Land Rover and Volvo.

The Li Mu suddenly killed the United States and won three car brands. The domestic industrial sector is very excited, because this is an unprecedented attempt in the domestic auto industry, and there is too much imagination behind it.

So, the competent department identified several issues with Li Mu.

First, when will the acquisition be completed;

Second, when will you move into China;

Third, where to move into China;

As for the first question, Li Mu has also passed through with Elon · Musk. Now the acquisition intention has been reached. After Muye Science and Technology paid a deposit of 200 million USD, it immediately commissioned the internationally renowned financial affairs company to conduct asset audit and due diligence.

The audit and due diligence are completed, and if there is no objection, the remaining payment can be paid and the acquisition can be completed.

As for the second question, after completing the acquisition, Li Mu wants to start moving the overseas production lines of the three brands to China. If the US trade union solves it well, it will all move over. If the US trade union solves it badly, then For the time being, first keep the Land Rover production line in the United States.

About the third question, Li Mu's's idea is to locate the site in his hometown Nansu Province.

The specific idea is to establish an automotive industry center in Haizhou.

The Haizhou economy has been underdeveloped. As an entrepreneur from Haizhou, he hopes to make some contributions to his hometown.

However, the leaders of the competent department analyzed in detail the immaturity of the site selection at Haizhou.

Haizhou is too small, the population is not large, and there is no industrial foundation. The only advantage is that it is not far from the sea, there are ports and railways. In addition, the foundation is very poor.

The domestic automobile company, FAW is the eldest son of the Republican industry. After the founding of the country, it has developed vigorously with the strong support of the state. It has been put there for decades, and it can be said to be the first in China in all aspects;

Shanghai Automobile Group was established very early, and it is located in Shanghai. It needs talents, talents, economy and economy, transportation and traffic. Coupled with the years of establishing a joint venture with a foreign-funded company, the experience and background are also very good. Strong;

Yanjing Automobile Group established although slightly later than Shanghai, but like Shanghai, it has everything in talent, economy, transportation, and policies. Cooperation with overseas companies is also accumulating experience and technology, so it has developed well.

In addition, the growth of several private enterprises is relatively difficult. For example, the brands such as Geely and Qirui have been developed little by little after many years of hard work. In the initial construction, it was difficult to recruit workers. , The core team is even more troublesome.

Li Mu realized that the real economy, especially the various constraints of industry.

The leaders have rich experience and know much more about the domestic situation and industry situation than Li Mu. Their experience is worth learning from Li Mu.

Li Mu thought about it carefully. If you want to bring all three brands into China, then theoretically, the closer you are to the three brands, the better, because in the future, technology will be common, and parts will even To a certain extent, the closer they are to each other, the lower the cost and the higher the efficiency.

If you want to make three car brands, plus your own brand, then this area will be large. It is no 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.

The leaders hope that Li Mu will consider Yanjing, because Yanjing colleges and universities have strong resources and strong industrial heritage.

However, Li Mu is really worried about whether the fast-growing Yanjing can prepare a large enough plot for its four car brands.

The BAIC family alone is quite choking, and he is also 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 line of several brands.

There are many processes involved in automobile production, most of them are disassembled. Li Mu feels that if it is not possible, the head office and assembly line can be placed in Yanjing, and the others are placed around Yanjing. Yanjing went offline and sold nationwide and even the world.

Another important issue is funding.

Acquisition of these three brands is just the first step. The second step also needs to spend tens of billions of RMB funds to gradually transfer all the production lines, talents and technologies of these brands to the country, to buy land and build factories 1. It is necessary to transport a large amount of equipment and carry out large-scale industrial upgrading. The total amount of funds required behind this will not be lower than 10 billion USD.

Fortunately, this amount of money is not one-off and must be taken out in one go. You can take out a sum of money first, and then borrow a sum of money from the bank, and then apply for some local subsidy policies, especially for land. problem.

Such a large industry is really pure land purchase, I am afraid that it will be an astronomical figure.

Fortunately, the state has always supported policies for private enterprises. The larger the scale of the enterprise, the stronger the employment and the stronger the economy, the more policy support the government gives.

When the time comes, we have to rely more on the local government to help with land issues.

The leaders also gave a very positive statement that Li Mu bought three internationally renowned auto brands in one go and turned it into a 100% China auto company. Once relocated to China, it will inevitably bring to the domestic auto industry Great improvement, so no matter where he sits, superiors and local governments will certainly give the greatest support, and even state-owned banks will also provide huge loans with excellent conditions.

This makes Li Mu feel more down-to-earth. With the support of the state, he also has a stronger confidence in the integration and rebirth of the next three car brands.

During the meeting, the leader gave him a small suggestion, saying that he hoped he could strengthen cooperation with Shougang to see if it could help Shougang and make a breakthrough in the field of automotive steel.

Li Mu agreed without hesitation and promised to invest in an automotive steel research laboratory with Shougang once they have integrated the resources of these three brands and successfully moved into China.

Automotive steel has always been an important part of the steel market, but due to the unsatisfactory development of the domestic independent auto industry, domestic steel plants have not made enough breakthroughs in the field of automotive steel.

Automobile steel although is developed and produced by steel mills. However, for steel mills, it is difficult for steel mills to achieve major breakthroughs without the help of an automobile manufacturing enterprise.

However, if Li Mu really integrates these three brands into the country, and then cooperates with Shougang to develop and test automotive steel, then Shougang will provide tremendous help for this business!