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Chapter 504 [Subscription of the seven sovereign funds, listing in Hong Kong soon? 】

With the end of the dialogue forum, major media also began to report it, but the most popular thing on the Internet was the various golden sentences that Luo Sheng broke at today's summit, which spread throughout the Internet on the same day, and netizens were crazy about participating in the army of memes.

However, when the outside world was discussing these topics, Luo Sheng had already been invited to a dinner that night and met with a group of special people.

Dinner.

There were nine people sitting on the table, more than half of whom were foreign faces, and even Arabs were on the list, but even so, they still drank, which was not the Middle Eastern world.

"Mr. Luo, let me introduce you to you..." The CEO of the host HK Securities Regulatory Commission introduced Luo Sheng one by one with a smile, and he was quite concerned about it. He had guessed it in his heart that if nothing unexpected happened, these people should be big buyers of Blue Star Technology's listing in Hong Kong.

The first person introduced is the head of Norwegian Global Pension Fund, which is currently the largest sovereign fund in the world, with a total assets of US$785.2 billion, equivalent to 1.52 times the country's GDP. The funds of the fund come from all income from the oil and gas industry. 60% of the fund's assets are invested in stocks, and the rest are used to purchase treasury bonds and real estate.

The second is the Sat sovereign fund, with a total amount of US$675.8 billion, equivalent to 94% of the country's GDP. The main source of funds is oil export income. The fund's investment strategy and asset composition have not been announced to the public.

The third is the Abu Dhabi sovereign fund, with a total amount of US$627 billion, equivalent to 2.53 times the country's GDP. The fund can get 70% of the budget surplus and dividends from the national oil monopoly giant Abu Dhabi National Oil Company every year. More than 75% of the fund's assets are handed over to foreign investment funds, mainly investing in stocks of companies in developed countries and US Treasury bonds.

The fourth is the Kuwait sovereign fund, with a total amount of US$386 billion, equivalent to 2.09 times the country's GDP, which can earn about 10% of the national revenue each year. The stocks of Daimler Automobile Company, BP and Bank of America Merrill Lynch Financial Management are important investment projects of the fund.

The fifth is the HK Monetary Authority, with a total amount of US$326.7 billion, equivalent to 1.24 times the GDP of the region.

The sixth is Singapore Temasek Holdings Co., Ltd., with a total amount of US$173.3 billion, equivalent to 63% of the country's GDP. Currently, more than 70% of the company's assets are invested in companies in Asia-Pacific, mainly financial and transportation companies.

The seventh is the Singapore government investment company, with a total amount of US$285 billion, equivalent to 1.03 times the country's GDP. The company's funds are mainly invested in real estate, infrastructure and stocks.

As the introduction was completed, Luo Sheng sighed in his heart that the country has skills, and it can be seen that it must have put a lot of effort behind the scenes to get the seven major sovereign funds in the world.

This shows that the country's successful listing in Hong Kong for Blue Star Technology is truly a rhythm of all-round protection. Before that, no private company has ever received such treatment.

However, this time there was no domestic sovereign fund participation, such as the National Social Security Fund and the State Administration of Foreign Exchange, which actually wanted to participate in sharing this feast.

But it was finally rejected because the State-owned Assets Office is already the largest shareholder of Blue Star Technology. It currently holds 25% of the shares. It sold 3% of the shares some time ago and cashed out US$24.9 billion.

At the same time, one thing that cannot be ignored is that the country has put in such great effort because it is the largest shareholder of Blue Star Technology.

It is obvious that Wall Street once held more than 65% of Bluestar Technology's stock, but now it is less than 20%. In the future, after Bluestar Technology completes its listing in Hong Kong at the same time, Wall Street's influence will definitely be much worse than before.

Finally, the CEO of the China Securities Regulatory Commission smiled and said: "The reorganized Hong Kong stocks will support the provisions of different rights for the same shares. Bluestar Technology will go public in Hong Kong and IPO publicly offer them. These seven sovereign funds are set to subscribe to the total amount of US$24.5 billion raised funds. Not to count the subscription amount of other subscription accounts and retail investors, it has already set a new record for IPO. At the same time, the seven sovereign funds promise to buy an additional 1% of BTC treasury shares from your company for a long time to alleviate your company's debt burden."

This means that each of the seven major sovereign funds will pay a huge subscription amount of US$3.5 billion, and they will buy 1% of their shares to hold it. Each sovereign fund will pay US$8.3 billion, and a total of US$11.8 billion will be spent per sovereign fund.

The subscription amount of ipo plus the amount of buying treasury shares, the seven major sovereign funds will bring a total of US$82.6 billion in cash flow to Bluestar Technology, which is undoubtedly an astronomical figure.

Once this money is received, Luo Sheng can basically conclude that he does not need his family fund to come forward, and he can continue to hide and solve the current funding problems of Blue Star Technology.

With this money, Bluestar Technology's book cash will be close to a terrifying scale of US$300 billion, and its debt level will drop directly from a high-risk area to a safe area.

While having the ability to pay off debts, it also has extremely sufficient liquidity to promote a US$150 billion scientific research budget, expand mainland market business and develop emerging market economies.

Luo Sheng smiled and said, "To be honest, the company's internal problem of Blue Star Technology's listing of IPO in Hong Kong has already achieved results. We plan to raise US$29.7 billion from the public. The seven major sovereign funds have solved US$24.5 billion of them. I am very looking forward to this IPO listing action."

After saying that, everyone clinked glasses with each other.

The vice president of Norwegian sovereign fund said with a smile: "The US stock market is full of strong people and is not scarce. You can catch a lot of companies of the same type of US stock market. If it is not scarce, it means it does not have a premium. Compared with the US stock market, there are still too few companies with strong Hong Kong stocks. Bluestar Technology Group has scarceness when it goes public in Hong Kong. Everyone will think that this is the best in the IT sector and will rush forward..."

This is just a little bit too straightforward, but in fact it is already very explicit.

Scarcity means that everyone thinks that you stand out and will give you a high premium. The institution will bring you the leeks under its command to fry you until your biological mother doesn’t recognize you.

This is the fundamental reason why each of the seven major sovereign funds dares to spend $11.8 billion in a sky-high subscription amount, because it is profitable.

Luo Sheng dared to make a promise. If Blue Star Technology is listed on the Big A, it may be hyped so much that the mother doesn’t recognize it. After listing, it will directly hit the daily limit every day, and the total market value will hit more than RMB 12.5 trillion (US$2 trillion) and it will definitely not be an accident.

You should know that when Bluestar Technology was once speculated to a high of US$1.7 trillion in US stocks, it would be easy to list on the Big A with a "independent market" of $2 trillion?

Fortunately, Blue Star Technology is really unable to list on Big A, which is almost equivalent to rejecting foreign capital, because it is easy to get in and difficult to get out. Foreign capital alone can't stand it. If you take a step back, even if you can, Luo Sheng said he would not dare. Even if the stock god Bafite went there, he would have to lose his bottoms.

You should still have a sense of awe for the big a.

Bluestar Technology is in charge of Hong Kong stocks and faces the world for the country to protect the financial stability of one side. This is not a good thing.

This dinner reached a consensus on the general direction of Blue Star Technology's listing in Hong Kong. The specific release of the prospectus IPO listing is either the second half of this year or the beginning of next year. During this period, these internal news will be limited to those of them and will not be circulated.

After all, as long as the IPO is listed, uncertainty may occur, and these sovereign funds are not stupid. They will suffer losses by revealing early that they will push up the share price of Blue Star Technology. This involves a huge transaction of US$11.8 billion.

...

The next day.

Luo Sheng continued to brag with industry leaders at the IT Summit. The summit exchange meeting will not end until tomorrow, but his itinerary for him to come to Pengcheng will end today, and he will take his own plane home that afternoon.

At the same time, Qin Weimu arranged a subordinate named Cao Yi to contact Zhang Yiming, the founder of Toutiao, as a VC.

Cao Yi went to perform this investment task as the general manager of Anaheim Asia Technology Venture Capital in North America. Anyway, this is how the leaders behind the scenes arranged the task.

...

capital.

In a business car, Cao Yi's assistant and secretary entered the car and handed a document to his immediate boss: "Mr. Cao, we have completed a comprehensive study and evaluation of Zhang Yiming's information. This is an evaluation report."

Cao Yi took it and looked at it and asked, "How to evaluate it?"

Assistant: "Since he started working in 99fang.com, data has jumped to the top of real estate mobile terminals in a year. Along the way, Zhang Yiming has been able to continue to improve in areas he is good at, maintain his advantages, and slowly improve in areas he is not good at. In addition, he is very stubborn. He will decide on every board of directors. Regardless of success or failure, he will review it and accumulate experience and lessons through self-reflection, which makes his judgments more accurate and broader and more broad."

Cao Yi, who was browsing the report at the same time, murmured to himself: "Is this the vision of the headquarters? It seems that Zhang Yiming's man is always his dream to be in a big industry and a big company... Let's go and meet this entrepreneur."

Cao Yi closed the materials and immediately ordered the driver to drive to the current office address of Toutiao.

...
Chapter completed!
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