Chapter 633: H Shares and Red Chips, Choose 1 Out of 2?
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Lan Fei, the boss, was present, and the waiter was very fast. He quickly tidied up the table. As for the telecommunications, they were mainly chatting and refreshing. The kitchen had already been greeted and knew that the boss was there. , of course, it is a snack specially made according to Lan Fei's preference, not to mention, the color, flavor, and taste are the lowest standard.
In the end, everyone sat down again and first tasted the unique desserts of Lan Fei's Lan Ting Private Kitchen.
"Hey, Sister Lan, this taste is different than what I usually eat." Zheng Jun is an old man of Lan Ting's private kitchen. As soon as he eats it, he knows that these snacks have changed a little bit. Not to mention, Zheng Jun's taste buds are not generally good, and he is used to eating delicious food from mountains and seas, which can still be distinguished.
"You can't keep your mouth shut when you eat." Lan Fei turned his head and cared about Lu Ning as if he was white to Zheng Jun: "How is it? I'm used to eating or not. The chef knows that I'm here, so he made it light. Some, I don't like to eat too sweet things at night." Lan Fei was afraid that Lu Ning would not be used to it, so she explained.
"It's nothing, this way of eating is very healthy." Lu Ning replied with a smile. For the big night, Lu Ning also advocated clear talk. After all, diet therapy is much better than those health care products.
This kind of big show of affection made Zheng Jun a little stunned. My mother-in-law, when did Sister Lan become so gentle? If I hadn't seen it with my own eyes, I would never have believed it.
After everyone finished their snacks, the waiter served the tea, and after that, they backed out and closed the door of the box.
"Sister Lan, brother-in-law, why do you suddenly want to list a mainland real estate company in Xiangjiang?" After eating and drinking, Zheng Jun began to talk about business, and Zheng Jun's buddies finally found out that Lu Ning and Lan Phil's reason.
Aren't you and the others involved in the listing of Xiangjiang? Suddenly there is some excitement. This is an opportunity to show yourself well in front of your idols, and you must seize it.
"Well, that's what Lu Ning said just now. I don't think you happened to be with a few professionals here, so just come and ask for advice."
"President Lan, President Lu, you two are too polite to ask for advice, we are all fans of President Lu, each of Lu Ning's business operations is a classic, and they are all textbook-level operations. ." One of the people present said, and the others nodded, agreeing with what this one said.
"Everyone, you have a specialization in the art industry. You must know a little bit more about the Securities Regulatory Commission and the Hong Kong Stock Exchange in Hong Kong than I do." Lu Ning said with a smile, he has achieved his position, and there is no need to be certain. You must understand everything you do, and, for the SFC and the Hong Kong Stock Exchange,
Lu Ning really didn't have much contact with them either.
Although the listing policies of different countries are not too different, there are still many small details, and there are many differences in various rules. Lu Ning is most familiar with the United States and Europa. For Xiangjiang, it should be or More or less do not understand.
Of course, if you really want to say that Lu Ning can't find anyone to operate, that's nonsense, not to mention Lu's investment, and Lu's group's branch in China.
As long as Lu Ning said something casually now, some capable people are willing to serve Lu Ning, just like these few people in front of him at the moment, all of them are trying to express themselves in front of Lu Ning.
"Haha, brother-in-law, you are asking the right person. My buddies may not be very good at doing other things. However, I still have a special understanding of the Xiangjiang market. If nothing else, only domestic enterprises have 10 Laijia is listed in Xiangjiang through them, you can rest assured." Zheng Jun did not blow the law this time, Zheng Jun still dared to guarantee this, after all, it was Lu Ning who was involved this time. And Lan Fei, Zheng Jun didn't have the guts to brag on this matter.
"Mr. Lu, whether it is an ordinary real estate or a private enterprise, if you go to Hong Kong to list, the difference from the mainland is indeed not small. First of all, if you choose to list in Hong Kong, you can go public in the form of H shares or red chips, or you can also go public through the backdoor. ." One of them answered first.
"Oh? Backdoor listing is not necessary. I don't want to take this step." Generally, a large part of companies that want to backdoor listing will have various reasons, and there will also be many violations or no compliance at all. However, Wang's Real Estate, on the contrary, is a completely high-quality enterprise, plus Lu Ning's shareholding, does it not meet the standard? That's a joke.
In general, most of the companies that are going to go public through the backdoor will be involved in non-compliance with the listing standards, or are subject to the policy restrictions of the listed industry, or the listed companies have "historical problems" and are unwilling to disclose information on the development of early-stage companies.
However, none of these situations exist in Wang's Real Estate, so why not just take the road of IPO?
And there will be many people who think that backdoor listing is actually a shortcut. In fact, this kind of thinking is a big mistake. The IPO of Heung Kong Main Board will take about a year. Control of a listed shell company also takes about a year.
Moreover, it will take at least two years to completely inject all the assets of the domestic company into the shell company. In this regard, the Hong Kong Stock Exchange has clearly stipulated that all, it is not necessary for some reasons to go public through the backdoor. of.
"Mr. Lu, since there is no need for a backdoor listing, then the IPO must be taken. The difference is whether it is an H-share or a red-chip stock."
"Oh, tell me the difference between the two?" Lu Ning asked carefully, after all, these involved a bit of a blind spot.
"Mr. Lu, listed in Hong Kong, H shares require the company's first and second year profits to be no less than HK$30 million, and the third year's profits to be no less than HK$20 million. At the same time, the net assets are required to be no less than 4 RMB 100 million, the after-tax profit in the past year was no less than RMB 60 million, and the amount of capital raised was no less than US$50 million.” One of them explained the conditions for the listing of H shares.
Lu Ning listened carefully.
"In comparison, red chips are a bit looser. Although the main board of red chips also requires companies to make a profit of not less than HK$30 million in the first and second years, and a profit of at least HK$20 million in the third year, there is no need for mainland companies to make profits. performance asset requirements." After that, the person explained the listing conditions for red chips.
"Of course, Mr. Lu, this is just one of them. The definitions of red chips and H shares are different, and there are considerable differences in the requirements for registration, stock options, and listing performance."
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