From Pokfulam to Central

Early in the morning of Christmas, Zhou Mi suddenly received a call from investment bank manager Sun Zhan, saying that the Hong Kong Stock Exchange might soon announce the acceptance of the dual-level shareholding structure system of "same share with different rights".If this news is true, then what it will mean for Wanjia Real Estate's listing plan, Zhou Mi dare not make a hasty conclusion.But he knew that the top priority was to confirm the authenticity of the news. Only in this way could he plan his next move.

Zhou Mi and Sun Zhan made an appointment to meet at the company at 08:30, and called Zhao Dong together, planning to have a small-scale discussion first.

It's only past seven o'clock, Zhou Mi doesn't know if Qu Zhi is awake, it would be best if he wakes up, he still wants to ask him for leave in person, saying that he might not be able to study for these two days, not because he is lazy, but because he really has no time.

Zhou Mi opened the door, unexpectedly Qu Zhi was already standing in front of him.

"Zhou Mi," Qu Zhi said first, he may not have slept well last night, resulting in dark circles under his eyes, but he seems to be in a good mood, "I have something to tell you."

Hearing Qu Zhi's tone, Zhou Mi felt that what he was going to say didn't sound like bad news. He wanted to hear it in his heart, but now was really not the time.Zhou Mi frowned in embarrassment, hesitated for a while, and finally said helplessly: "Qu Zhi, there is an urgent matter in the company, I have to go out now, I may not have time for tutoring these two days, if you have something to say, wait for me when I come back. "

With an assistant, Sun Zhan showed up on time at Wanjia (Hong Kong) Company, which was empty except for Zhou Mi and Zhao Dong, and the four of them had a meeting directly in Zhou Mi's office.

Sun Zhan recounted how the news came out: "Yesterday afternoon, the chairman of the student union when I was in college arranged a gathering for the graduates of the same year of our finance school. One of the people who went with me was A classmate with a good relationship, now working as a secretary in the Hong Kong Stock Exchange, usually belongs to the well-informed person. At night, this classmate was a little drunk, so she took me to chat about some work. She complained about the company’s decision-making Layers often vacillate left and right on some issues, unable to reach an agreement, which brings a lot of unnecessary repetition to their work content.

"In order to make her accusation more convincing, she cited the discussion on whether to accept the dual-class share structure that was launched in June as an example. She said that in the company at that time, the Hong Kong Stock Exchange would accept the statement of 'same share with different rights' There was a lot of noise, and some departments had even begun to write a preliminary reform plan, and her superiors also arranged some related work for her. But after a month or so, the rumors about this matter gradually became less loud, and later it seemed that nothing As if nothing had happened, no one mentioned the reform, and the work I had done before was useless.

"Her computer crashed once later. When she asked colleagues from the technical department to repair the machine, she felt that it was impossible to bring up the reform of the shareholding structure, so she didn't bother her to restore the relevant documents in this regard. Unexpectedly, just a few days ago, The boss asked her to reorganize the previously prepared documents and hand them in, and ordered her to start writing the press release. She worked overtime for a week before finishing it again.

"According to her analysis, since the middle management has already started preparing for the news release, the Hong Kong Stock Exchange is very likely to announce the reform of the shareholding structure system of 'same share with different rights' in the near future. I wanted to tell you last night," Sun Zhanwei Frowning, he seemed to take this matter very seriously, "But our party was at sea all night, and there was no signal on the mobile phone. I was able to call you when I landed this morning. In addition, I also reported to Mr. Tan on the way here pass."

Zhou Mi nodded to express his understanding. He heard Sun Zhan explain the ins and outs of last night very clearly. The process was more like a chat between people in the know, rather than someone trying to manipulate the stock market by deliberately releasing wrong signals. Generally speaking, the credibility is very high. After careful investigation: "As for when the announcement will be made, did your classmate give a more specific time?"

Sun Zhan hesitated for a moment. He was afraid that he would take responsibility for the specific numbers, but it seems that this is not the time to be timid, "She said that in the press release, the boss did not ask her to sign the specific date, but according to past experience, the fastest may be the 27th. A press conference will be held as soon as work starts, and it should not exceed a month at the latest."

"If we want to hold a press conference," Zhou Mi asked suspiciously, "There should be a lot of staff members in the Hong Kong Stock Exchange involved, responsible for related work, but she has nothing else except for preparing some non-core documents, really. Will the official news come out so soon?"

"It's not impossible." Sun Zhan has been in this industry for nearly ten years and has certain experience. "When dealing with some major or sensitive issues, the Hong Kong Stock Exchange will sometimes adopt a relatively high level of confidentiality to prevent inside information The leak caused the stock market to fluctuate, and my classmate did not receive any other rumors before, probably because the relevant personnel deliberately concealed it."

In fact, if this matter is not groundless, Zhou Mi hopes that the Hong Kong Stock Exchange can give a definite news as soon as possible, so that the company can adjust its plan and deployment according to the situation, so as not to trigger the gambling agreement.

Sun Zhan had a lot of acquaintances in the Hong Kong Stock Exchange, and carefully arranged for him to continue to find some more core people to inquire about news. He and Zhao Dong contacted reporters from major financial newspapers and other well-informed friends in the circle.

After returning home at night, Qu Zhi had already fallen asleep.The next morning, Zhou Mi went out early again, did not meet Qu Zhi, and had no chance to ask him what he wanted to say to him the morning before.

Sun Zhan continued to bring his assistant to the company to hold a meeting with Zhou Mi and the two of them today, and the two sides exchanged information about the progress.Manager Sun has nothing new to gain, and I don't know if it's because there's nothing to do or the whole team is tight-lipped.Zhou Mi got a gossip from a friend, part of which can be mutually confirmed with what the female secretary of the Hong Kong Stock Exchange revealed.

Now, Zhou Mi is more inclined to believe that it is true, and must immediately start thinking about the next step, "If it is finally confirmed that the Hong Kong Stock Exchange will accept dual-level shares, how long will it take for us to submit a new listing application?"

Sun Zhan took a pen and quickly drew a timetable on the white paper, pointing: "Before, we spent four months completing the sponsor evaluation and listing restructuring, and submitted the application to the Hong Kong Stock Exchange. Currently The Hong Kong Stock Exchange has given the first round of review opinions, and we, as the sponsor, are writing a reply.

"If it is decided to resubmit the application under the dual-tier shareholding system, the sponsor evaluation part may need to be adjusted, and the changes in equity restructuring may be even greater. Let’s go again. In general, even though we have accumulated certain work results in the early stage, the time is still very tight, and it is optimistically estimated that it will take five to six months until the final bell.”

Zhou Mi knew that the situation was not optimistic, but he did not expect that so many links would need to be reworked.

Sun Zhan could see that Zhou Mi was under a lot of psychological pressure now, but he had to explain all possible situations in advance, gritted his teeth and reminded: "Moreover, these tasks must wait for the Hong Kong Stock Exchange to confirm the reform of the shareholding structure before proceeding." In other words, if the Hong Kong Stock Exchange cannot announce the news within a month, it is almost impossible for us to complete all the steps of listing before June 6 next year.”

Zhou Mi leaned his back on the chair wearily, and now he began to understand a little bit, the feeling of powerlessness that Qu Zhi had tasted and was extremely familiar with.Sure enough, there are still many things in the world that humans cannot control, and the time of day and night is one of them. It really makes people feel weak, headache, dazed, and anxious.

Sun Zhan didn't know what Zhou Mi was thinking. He only knew that from Zhou Mi's performance, it seemed that for Wanjia Real Estate, as long as the system allowed, the company must be listed in the form of a dual-level shareholding structure.

Sun Zhan's professionalism told him not to question the client too much, but he really couldn't figure out the reason, so he could only use his wording as carefully as possible: "Mr. Zhou, although the system advantage of the dual-level shareholding structure is not good for those who have control within the company. For shareholders, it is indeed very attractive, but as far as Wanjia Real Estate is concerned, it still has a deadline to complete the listing work before then. If the Hong Kong Stock Exchange finally delays a It took many months to announce the news, and when the time comes, are we really going to take the risk when the actual situation does not allow it, and insist on choosing a dead end with almost no possibility?"

Zhou Mi frowned and stared at Sun Zhan, noncommittal and without any explanation, silently pursed his mouth into a line.