After a night off, the first-time people went shopping the next day. Li Wen didn't have the blessing to go with him, but just asked Chen Shaofeng to help him find someone to be a tour guide.

After postponing his return for a few days, he had already dealt with a lot of things. After having breakfast in a hurry, he took Xiao Tian and others to the company to meet Chen Shaofeng and the others, and then rushed to Yingyuanwan to see Cheng Sishou and others.

On the 25th, Chen Shaofeng called him and told him that the CNOOC team led by Cheng Sishou had arrived in Hong Kong. The two sides had contacted each other and negotiated specific details. According to Li Wen's instructions, an equity subscription ceremony was scheduled on the morning of June 29.

Long before, with the assistance of the Liaison Office of the Central Committee and relevant Hong Kong parties, Huofeng Investment made major adjustments in its equity. It turned out that 40% of the shares under Li Wen's name were divided, and 10% was transferred to the name of Chen Shaofeng and ten others. Another 20% was sold to a newly registered non-profit education fund company called Huofeng Education Foundation Co., Ltd., which is registered in Hong Kong. The shares of Huogo Investment retained under Li Wen's name were only 10%, and then injected US$2 billion in proportion to Huofeng Investment. As a result, Huofeng Investment, which has not yet conducted any business, has a registered capital of up to US$3 billion.

This so-called proportionality is just an obvious statement. Anyone who knows the inside story knows that the newly injected $2 billion comes from Li Wen. How much does Li Wen have cost has once again attracted the attention of relevant people.

Whether it is for the need to protect Li Wen or to prevent such a company with huge funds from suddenly appearing in front of the public, which arouses public suspicion. With the assistance of relevant departments, most of the information of Huofeng Investment is listed as confidential, especially the information of shareholders, which is even classified as first-level confidentiality.

Huofeng Education Foundation Co., Ltd. is a product negotiated by Li Qing and Li Wen, and it is also one of the reasons why Li Qing came to Hong Kong to settle down. Li Wen understood that his father Li Qing was only 45 or 46 years old, which was a golden age for a man and was quite capable. He was able to stay at home and stay idle. This was simply a torture. At most, he would be unable to stay idle after one or two months.

Li Wen couldn't bear to let his father enter the mall to intrigue, so an education fund company engaged in public welfare is the best choice. The task of this education fund company that owns 20% of the equity of Huofeng Investment is to devote the dividends obtained from Huofeng Investment to the education industry in remote mountainous areas in the mainland. Li Qing will serve as the chairman of the foundation company.

Of course, the foundation company is still just an empty shell, and it will not be possible to improve its structure after Li Qing rests for a while.

Being a low-key person and doing things at a high-profile basis, the establishment of the Huofeng Education Foundation can bring closer relations with the central government, but will not get involved in political disputes. It is also necessary for God to make a lot of money and give back to society with a portion.

Most importantly, Huofeng Education Foundation will play an important role in the future and will be one of the most important pieces in Li Wen's industrial system that directly faces the public and exerts influence.

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When they arrived at the company office located in the Bank of China Building, Chen Shaofeng and others were already waiting at the company's door. After Li Wen arrived, they hurriedly walked into the conference room. Zhou Zhenyu and the others were there. After walking along the way, Li Wen found that there were a lot more people in the company.

There was no time to be polite. As soon as he sat down, Chen Shaofeng handed over a piece of information to Li Wen: "This is the latest allocation information given by CNOOC."

Li Wen looked at it briefly. In addition to Huofeng Investment, there are also two group companies under the Hong Kong First Family, Hutchison Whampoa and Hong Kong Electric Light. The equity amount subscribed by the two companies is about US$170 million, accounting for about 2.35% of the total share capital, which is consistent with the amount in my memory of previous lives.

The emergence of Li Wen, the butterfly, has affected the trajectory of CNOOC. In his previous life, six other investment institutions that subscribed to CNOOC's private placement have been replaced by Huofeng Investment.

Originally, Li Wen's 500 million subscription was to fully subscribe all the private allocated shares of CNOOC. Now, seeing that the two companies under the Hong Kong First Family are still on the list, and the amount of the IPO in the secondary market remains unchanged. The 2.35% equity was given up by CNOOC Corporation. He was quite surprised and said to Chen Shaofeng: "Does CNOOC have any explanation for this?"

If CNOOC is willing to let go of more equity, Li Wen doesn't mind taking over it all, and being able to obtain a board member on CNOOC's board of directors is of great significance to Li Wen. Li Wen has also privately investigated Cheng Sishou's tone to whether the share limit can be relaxed by 10% in order to obtain the qualification of a board member. Cheng Que Sishou said that the State Council will not allow other non-chip members in the secondary section to exist in addition to the board members launched by the circulating shares in the secondary section.

Chen Shaofeng shook his head and said, "Mr. Cheng said he will explain to you personally."

CNOOC is willing to give up part of its equity, which has nothing to do with Li Wen and the others. As a partner, you may have to give a note, but it is not enough to ask for their consent. As for the explanation, it is their attitude.

Seeing this, Li Wen had to shake his head speechlessly, quickly read the information handed over by Chen Shaofeng, and then asked Chen Shaofeng some key questions. After taking Chen Shaofeng, he left the company with Chen Shaofeng and Xiao Tian and the others, and rushed to Yingwan Garden where Cheng Sishou and the others were staying.

Yingwan Garden is a high-end hotel-style apartment in the Repulse Bay area of ​​Hong Kong. It has five-star management, complete supporting facilities and a coastal scenic spot near the south of the island. Most of them are rented for a long time by senior management of overseas enterprises in Hong Kong. Cheng Sishou and CNOOC senior management live here.

Cheng Sishou and others were already waiting for the club on the 18th floor of the apartment. Cheng Sishou knew that Li Wen was unwilling to show up in public. Without the frivolity of being young and successful, he only let Wu Bin, who had old Li Wen and his assistant Lin Hai, welcome them to the club downstairs.

The club in Yingwan Garden is only open to the residents of the Yingyuan Garden. After connecting with Wu Bin in the hall, Wu Bin and Lin Hai led Li Wen and the others to the 18th floor.

The elevator door opened, Cheng Sishou, Yang Yucheng and Yuan Ligang and other high-rise buildings were greeted by the elevator door, and there were two or three unrecognizable faces. Li Wen quickly walked out of the elevator, bowed slightly, and said, "Mr. Cheng, how dare you come out to greet you? You are so frightened!"

Cheng Sishou held Li Wen's hand and said with a smile: "You are going to become our boss. It should be said that we are not doing well enough."

Li Wen said: "Mr. Cheng, you will really kill me if you say this!" Then he shook hands with other senior executives one by one, made some polite decisions, and then went to the prepared guest room.

Since all the preparations have been done, this meeting was just about communicating some issues, not a formal meeting.

After a while, Li Wen said straight to the point: "Does CNOOC still insist on selling in the secondary market at the original price-to-earnings ratio?"

The failure of CNOOC's listing in 1999 not only affected CNOOC's own development, but also brought wrong lessons to state-owned enterprises that later listed overseas.

Or it was stimulated by failure that PetroChina's listing in April lowered the previously set price-to-earnings ratio by half from the original 9 times, and still could not achieve the original fundraising target.

As a result, on June 22, 22, China Unicom, which successfully listed in New York and Hong Kong, raised US$6.431 billion, lowered its price-to-earnings ratio. After that, the main basis for state-owned enterprises' overseas listing financing was only net assets, and it was no longer calculated based on the international customary price-to-earnings ratio, causing huge losses of the country's economic interests.

Li Wen knew that these state-owned enterprises will be big profit players in the future. If their future profitability is still based on this price-to-earnings ratio in their future listing, they will not be able to put fat into the mouths of overseas investors.

During his private contact with Cheng Sishou, Li Wen revealed some future situations to Cheng Sishou that he hoped to increase the price-to-earnings ratio of CNOOC's listing this time to the level of 1999. He did not introduce himself to the subscription of some funds, of course these were pushed to Phil.

Cheng Sishou smiled bitterly and said: "CNPC lowered its price-to-earnings ratio by half, but still could not raise enough funds, which once again stimulated the decision-makers of the State Council. CNPC could not bear the responsibility for the second failure, so the decision-makers insisted on lowering the price-to-earnings ratio."

The era of economics is coming, and the central decision-making level will not be invisible to see it, and the door to the WTO is about to be opened. It is impossible for private enterprises to participate in international competition, and state-owned enterprises are the real protagonists.

However, these giants supported by national policies still have a considerable gap between themselves, whether in terms of capital, management level, or technology, and international multinational groups. Overseas financing to raise overseas funds, introduce international advanced and management and technology, and strengthen the competitiveness of these state-owned enterprises themselves, will be the priority of the decision-making center.

The future is invisible, and these decision makers cannot predict how great the sacrifice will be.

Li Wen pondered for a while before saying, "It is reported that Sinopec and Mobile will be listed in the near future. Please tell me that I still have some free funds. If the State Council agrees, I am willing to share some financial pressure for the two companies when they go public. If the two companies also lower the price-to-earnings ratio in exchange for listing, I am afraid that in the future, the future listing of state-owned enterprises will form a routine..."

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