In the finance office on the top floor of Ruitai Securities' office building.
Five financial staff members in white work clothes were calculating quickly with calculators.
After more than an hour of calculation, two detailed reports were finally summarized.
After reading the two reports, Wang Pengfei couldn't stop smiling and immediately reported to Mo Zhexuan via his mobile phone.
Half an hour later, Mo Zhexuan rushed over from Vanilla Hall. He had just visited Wang Yalin and Li Minghua. Wang Yalin's injuries had recovered well and he would be discharged from the hospital in another week. Li Minghua still needed some time to recover, after all, the bullet was only a few centimeters away from his heart.
"Mr. Mo! Should I transfer all the funds for issuing 15 million shares to China Gas Company now?" Wang Pengfei asked immediately after Mo Zhexuan finished reading the first report in detail.
"Well! Transfer the money! I will communicate with Dong Shaowen later." Mo Zhexuan couldn't suppress the smile on his face, his brows were full of joy, and he nodded calmly.
Generally, there are two methods for stock issuance price: one is the fixed price method, and the other is the range inquiry method.
China Gas Company adopts a fixed price method. Before the issuance, the lead underwriter and the issuing company determine the issue price of the new shares based on the price-earnings ratio method.
In line with the principle of keeping the wealth within the family, Ruitai Securities acquired the 15 million shares issued at a price of HK$80 per share, becoming the lead underwriter of the issuance, which is equivalent to the exclusive underwriter.
As both Ruitai Securities and China Gas Company are companies under Mo Zhexuan, the contracts they signed naturally do not require immediate payment.
Instead, it is determined based on the specific circumstances after issuance. The minimum payment amount is 20% in the first month, 40% in the second month, and 40% in the third month.
Ruitai Securities then contacted four other securities companies, including Hang Seng Bank Securities Department, HSBC Securities Department, and Sun Hung Kai Securities.
We want to use the power of such securities companies to push up the stock price so that the issuance can go more smoothly.
The contract signed is a guaranteed profit-sharing model, and all shares must be issued within two months. The issue price is HK$100, and each company is allocated 3.75 million shares.
If the total sales are greater than HK$375 million but less than HK$480 million.
This part of the profit belongs entirely to the four securities companies including Hang Seng Bank's Securities Department, otherwise why would others issue it.
However, if the total sales volume is greater than HK$480 million, then HK$480 million will be deducted and the profits will be shared equally by both parties.
If the total sales volume is lower than HK$375 million, Ruitai Securities will be responsible for making up the difference.
Then by then Ruitai Securities might not make a penny and would have to pay China Gas Company more than one billion Hong Kong dollars.
After all, if 15 million shares are calculated at HK$80 per share, the total amount is HK$1.2 billion. If it is lower than this number, not only will the work be in vain, but you will also lose money.
Of course, in order to keep abreast of the issuance status of the other four securities companies, Ruitai Securities sent two elite officers to each securities company to supervise and keep abreast of the sales situation.
Ruitai Securities gave 3.75 million shares to each of the other four securities companies. Now the results are out. The sales of Hang Seng Bank's securities department were HK$375 million, which was completely absorbed internally at HK$1 million.
HSBC Securities' sales were HK$480 million, from which Ruitai Securities received a profit of HK$5 million, which was not bad. Sun Hung Kai Securities' sales were HK$398 million, and Bank of East Asia's sales were HK$374 million. Ruitai Securities had to make up the difference of HK$1 million.
Therefore, the profit of Ruitai Securities as the lead underwriter is (3.75*4)+0.04-12\u003d300.4 million Hong Kong dollars.
"Pengfei! Well done. I agree with your proposed distribution plan in principle. However, you've been planning to acquire shares in China Gas since last year, so the share ratio could be higher. I'm giving out 10 million Hong Kong dollars as a reward, and as the team's commander-in-chief, you'll receive 5 million Hong Kong dollars."
After reading the second report on the sale of 4.55 million shares, Mo Zhexuan was overjoyed, and the pressure he had been under during this period was basically gone.
The total revenue after the sell-off was HK$853 million, and the selling price per share was between HK$180 and HK$200, which was basically the highest price.
"Mr. Mo! Then I would like to thank you on behalf of all the brothers, but I will still follow the original distribution model!"
Wang Pengfei suddenly showed a bright smile on his face, but after thinking about it, he chose to refuse. After all, it is not good to destroy the company's system.
"No need to say anything, just do as I say."
Mo Zhexuan naturally saw the other party's concerns, so he made the final decision without any objection, and then continued:
"The funds in the company's account have now reached HK$1.323 billion, so we can repay some of the debt first."
"Mr. Mo! Do you mean to repay the debt of more than 200 million Hong Kong dollars owed when we acquired Ruitai Securities?" Wang Pengfei immediately understood what he meant and asked.
"Yes! First, pay back the principal and interest of the 200 million Hong Kong dollars in full, and then transfer 100 million Hong Kong dollars to my personal account. As for the nearly 2 billion Hong Kong dollars I owe to Hang Seng Bank, there's no rush. It won't be too late to pay it back after the next operation."
Mo Zhexuan calmly stated his plans, with a bright light shining in his eyes. He was ready to seize the next opportunity and do a great job.
"Okay! I'll have the finance department review the payment and then repay it. Please tell me what to do next!"
Wang Pengfei quickly agreed, but he was full of curiosity about the next action and wanted to know what it would be.
"Don't worry about that. I'll tell you when the time comes. Now go and inform all the employees of Ruitai Securities that we'll be holding a celebration banquet at the Hilton Hotel tonight. Let's have a nice drink then."
"OK!"
Although Wang Pengfei wanted to know what the next action would be, he could only suppress his curiosity and then asked the human resources manager to announce the good news to all employees of Ruitai Securities.
As soon as the news was announced, all employees of Ruitai Securities were excited, which made the newly recruited employees of Ruitai No. 1 and Ruitai No. 2 funds feel more belonging and identity.
Of course, Fragrant Duck and "Three Minutes of Heat" on the same floor were envious and jealous.
Especially "Three Minutes of Heat" is almost becoming an illegitimate child who is not loved by his grandmother and uncle, and seems to be left to fend for himself.
This made Li Yunfei, the editor-in-chief and manager, very unhappy, so he decided to find Mo Zhexuan, hoping that he would pay more attention to "Three Minutes of Heat" and promote the newspaper as soon as possible.
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