The Pentium Era - South to North

Mr. Qiao from Shenzhen Anxin Trust Co., Ltd. came to Hangzhou this time because Tan Shuzhen and her company "Splendid China" are planning to spin off the property management business and list it separately on the Hong Kong Stock Exchange in the name of "Splendid Services".

After 2011, the real estate industry in mainland China has almost become an industry that even a fool can do it. As long as you have money and can photograph land, it doesn’t matter where the land is, even if it is in a town under a county. , a township, as long as you can build houses and write a wave of copywriting, people will buy them.

The remote location would have been a fatal flaw in the past, but now it can be packaged into a selling point with just the words "unrestricted purchase".

Real estate developers seem to have withdrawn from this industry and have been reduced to a role of simply building houses. In this industry, they have become insignificant pawns. You no longer have the right to sell your house to anyone. How dare you call yourself a real estate developer? "business"?

The game in the real estate industry has become a game between local governments, home buyers, and intermediaries. As long as you don’t restrict purchases, home buyers and intermediaries can drive up the housing prices in a place. Purchase restrictions are in place in many coastal provinces. City, has reached the county level.

Of course, the central government cannot ignore the fierce housing prices in various places. It cannot let all funds flow into the big river of real estate like a trickle. It cannot let real estate crowd out all other real enterprises. The central government has repeatedly issued orders and warnings to local governments to control housing prices. Our houses are for living in, not for speculation.

But the local government hopes from the bottom of its heart that house prices will rise. When house prices go up, land prices will go up. Selling land will make money faster for whatever you do.

Purchase restrictions in every city seem to have become the last line of defense and tool to control the rise in housing prices. Even the central bank’s financial measures seem to have failed in the real estate industry. There are too many channels for money, real estate developers, especially It’s those real estate giants who don’t care about macro-control policies at all.

Tan Shuzhen lamented that real estate is becoming less and less technical now. In the capital market, the public pays less and less attention to real estate companies. Everyone knows whether you make money or not, and how much money you can make. You have already decided and Can't control it.

Tan Shuzhen and Zhang Chen smiled bitterly, "It's really like this. If the purchase restrictions are relaxed, I can guarantee that I can sell all my houses in a week. If that happens, I will quit this boring real estate world and quit." , it’s really not interesting.

In the capital market, real estate companies have fallen out of favor, as reflected in the stock price, which has always been tepid. The difficulty and threshold for additional issuance are getting higher and higher. But on the other hand, it is possible to obtain land at a low price like the past few years. Sex is gone. Even fools already know that land is one of the most valuable things. How can you still pick up cheap land?

Unfortunately, even for a piece of land in a county, a few former private real estate giants will fight to death. The good news of local government attracting investment and inviting them to invest has quickly become a waste of time. Years past.

The skyrocketing land prices have meant that they need more and more funds to acquire land. The expansion of sales cannot keep up with the increase in demand for funds. Tan Shuzhen said that she feels that the more she does, the poorer she becomes, and the more she does, the more dangerous she becomes. The critical point is approaching, and now they need to rely on the continuous expansion of scale to ensure their profit growth and ensure the beauty of their annual reports.

Since it has become increasingly difficult to issue additional shares, Lao Qiao helped them think of it and packaged it into a listed company. In this way, the relatively independent property management company was separated.

Dinner was booked at the Tuxiangyuan Hotel on Yan'an Road. When Zhang Chen, Tan Shuzhen, and Xiaofang arrived, the driver had just dropped off Lao Qiao. The plane was delayed, so Lao Qiao arrived here directly from the airport.

Seeing Xiaofang, Lao Qiao happily told her: "The Ningbo company, Hengli Electronics, has finalized its listing in Hong Kong. A large force will be there next week."

"Great, then I'll let Mr. Li and the others prepare." Xiaofang said.

"I have already called Mr. Li, but you should explain it again. There are some things that I am not comfortable saying because you are shareholders, but you can say it." Lao Qiao said, "Mr. Li also believes in you."

Xiaofang said yes, "By the way, when you decide on your itinerary, just let me know and I'll send someone here in advance."

Old Qiao said yes.

Lao Qiao looked at Zhang Chen and kept laughing. Zhang Chen asked him, why are you laughing?

"You're fat." Old Qiao said.

Zhang Chen said no, my weight seems to have not changed for several years.

"That means he looks fat." Old Qiao said.

Zhang Chen couldn't help laughing and asked: "Is there any fat that looks fat?"

"It's true." Old Qiao said, "You seem to be relaxed now. It turns out that here..."

As he spoke, Lao Qiao pointed at the center of his eyebrows with his finger, and continued: "It used to be tight here, and there was always a gloomy air, but it's gone now."

This means that Zhang Chen's eyebrows are now relaxed, and Tan Shuzhen said: "It's true, when you said it, Lao Qiao, I also remembered it."

"It's all thanks to you." Lao Qiao said to Xiaofang, Xiaofang smiled, and Tan Shuzhen shouted:

"Old Qiao, what you said is really right, isn't it Zhang Chen?"

Zhang Chen chuckled.

Then talking about the listing of "Jinxiu Service", Lao Qiao and Tan Shuzhen said: "All the conditions are met. Now the sponsor has raised a question. I am here to discuss this matter with you."

Lao Qiao knew that the relationship between Tan Shuzhen and Zhang Chen had reached the point where they could talk about anything and everything, both official and private. So even though he and Tan Shuzhen should have talked about things privately, he had spoken out. From another perspective, he He also hopes that Xiaofang can help him persuade Tan Shuzhen.

Based on his understanding of Tan Shuzhen, this is a trivial matter in the eyes of the sponsor, but when it comes to Tan Shuzhen, it will become a big deal.

"What's the problem?" Tan Shuzhen asked.

"They have different views on the composition of the company's management team," Lao Qiao said.

"What do you mean?" Tan Shuzhen asked.

Lao Qiao hesitated, thinking about the right words.

"They should have some objections to Sister Guihua, is that right, Mr. Qiao?" Xiaofang said from the side.

Lao Qiao nodded and said yes, "The general manager of the company is a junior high school graduate. They think it doesn't look good."

"What does this mean?" Tan Shuzhen asked, "You can't be the general manager of a listed company after graduating from junior high school? I still don't even have a junior high school diploma."

"You have a master's degree from Zhejiang University." Lao Qiao said.

"My master's degree is a parallel import. To put it bluntly, I bought it with money. It's an EMBA or a master's degree in business administration. I haven't even passed a serious examination. Old Qiao, don't you know the value of this master's degree? I myself Outside, people are never embarrassed to say that I have a master's degree from Zhejiang University." Tan Shuzhen said.

"It's different, Sister Shuzhen. In the capital market, we only look at superficial articles, from reports to management team information. As long as you look good on the surface, they don't care about the substance behind you. They only want you to be a 'master's degree from Zhejiang University.' These four words don't care where you got your master's degree." Xiaofang said.

Lao Qiao nodded and said, "Yes, that's what Xiaofang said. All they need is that you have people standing on the stage during the road show and a bright list that can attract investors."

"Then what do they mean?" Tan Shuzhen asked.

"What they mean is, can they change someone, even if they hold shares on behalf of others? I'm thinking that there can be a temporary solution. Can we make this Yu Guihua not appear on the list of the management team for the time being? Here, let’s go on the market first, and then change it after it goes on the market. By then, no one will pay attention to it.”

"You mean, first find a puppet, a puppet with a beautiful academic background, hold shares on behalf of Sister Guihua, and serve as the general manager of 'Jinxiu Service' on her behalf, right?" Tan Shuzhen asked Lao Qiao.

Lao Qiao nodded and said, "That's understandable."

"Then our 'Jinxiu Service' management team is just like a theater troupe, and the general manager is just a temporary substitute." Tan Shuzhen said with a smile.

"I think this can also be called a strategic detour." Lao Qiao said, "In order to go public, everyone does not use any means. Ours is just a small adjustment."

Tan Shuzhen shook her head. She looked at Lao Qiao and said, "Mr. Qiao, I know you mean well, but there is one question you have thought about?"

"What's the problem?" Lao Qiao asked.

"Do you know what this means to Sister Guihua?" Tan Shuzhen asked.

Lao Qiao looked at her and said nothing.

"This is an insult." Tan Shuzhen said, "Mr. Qiao, although I want to go public, I will not allow any person or organization to do such an insult to someone's personality, especially if the person being insulted is ours. A very good manager, I will not allow such a thing to happen, Mr. Qiao, even if 'Splendid Service' will never be launched on the market."

After Tan Shuzhen finished speaking, there was silence in the box, a deathly silence. Tan Shuzhen's face was pale and her brows were slightly frowned. Xiaofang stretched out her hand and held Tan Shuzhen's hand.

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