Rebirth of the Official Business Route

Too cruel market competition is not good for Aida Electronics, not to mention Tang Xueqian was promised to take care of the overall economic development of Haizhou City. The existence of Kewang is good for promoting the further development of Haizhou Electronics Industry. 193

With a strong attitude, Aida deterred other manufacturers in the same industry, and actively lowered the market target for the next year, giving Kewang, BBK, Aiduo and other manufacturers in the same industry a little more room for survival, which is conducive to stabilizing the current disc player market and also In order to facilitate the rapid promotion of the level, the main reason is that Zhang Ke wants to put Aida Electronics into Jiaxin Industrial before the middle of next year. How can the majority of Hong Kong investors see the bloody disc player market? Novel chapters are updated the fastest

The room is air-conditioned and the sun shines in, making it feel like a spring afternoon. In the reading room, there are a few young employees sitting in front of the window reading newspapers and periodicals. There are also small conversations, and the sound of billiard balls can be heard in the billiard room next door. , Zhang Ke lazily leaned on the curved back of the sand chair, as if he was just talking about a very ordinary topic.

Sun Shangyi, Ge Mingde, Fu Jiajun, and Ye Jianbin all sat up straight and stared at Zhang Ke to see if he was joking; Zhang Ke squinted his eyes under the direct sunlight on his face.

Among the five people sitting around this simple glass table, Fu Jiajun is the president of Charles Schwab Holdings, and personally holds about 1% of the shares. Ye Jia also formally participated in the joint venture of Xiangxuehai Holdings, holding 10% of the shares. Zhang Ke, Sun Shangyi, and Ge Mingde are the actual controllers of Jiaxin Industrial. Sun Shangyi looked at Zhang Ke and asked, I heard that Aida Electronics can achieve four billion in sales this year?

Almost, even if it's close, it's not much. Zhang He replied.

Can Aida Electronics achieve a net profit of one billion? When it comes to this step, Sun Shangyi will not shy away from some sensitive issues.

Almost. Even if it's almost, it's not much.

This year is Ada's first tax avoidance year?

yes.

Aida Electronics has been established for a relatively short period of time. We can use the average price-earnings ratio and price-to-book ratio of related companies on the Growth Enterprise Market in the Hong Kong stock market to measure the market value. We can give a valuation of four billion yuan. Sun Shangyi leaned over. Zhang Ke was moved, but he just found it incredible, The current market value of Jiaxin Industrial is only one billion Hong Kong dollars. If you want to implement this plan, it is no different from a snake swallowing an elephant.

What is empty? When the stock market reaches its peak, the company's assets are split into shares and sold to investors for cash. This is the essence of shorting; when the stock market is in a downturn, you only need to spend a small amount of money from investors to sell the shares back, which is a complete swing. In this process, Jiaxin Industrial is just a borrowed tool. Of course, this is also of great benefit to Jiaxin Industrial. Jiaxin Industrial has injected high-quality assets that are popular in the market.

Its value will also go up.

Jiaxin Industrial and Yuexiu have jointly carried out two relatively large asset injections in a row. One is to put the full agency rights of Aida Electronics in the Southeast Asian market into Jiaxin Industrial, and the other is to jointly control Huishan Xiangxuehai. Although the shares held by Sun Shangyi and Ge Mingde have been diluted, the reward they get is Jiaxin Industrial. A sluggish listed company that may fall into the abyss of bankruptcy is transformed into a vigorous new enterprise with great development potential. Although it is difficult for the company's net assets to increase significantly in a short period of time, the market value of the stock held by Ge Mingde and others has increased several times.

The asset injection plan this time does not inject ordinary assets, but the assets of a company with an absolute market position in emerging industries. Sun Shangyi, Ge Mingde, Ye Jianbin, and Fu Jiajun are all very tempted. Just worried that Charles Schwab is too small. It is difficult to get the market's approval for a stock that has increased six or seven times its own market value publicly; it cannot be recognized by the market. No matter how perfect the plan is, it's useless. If it's more miserable, I'm afraid that even the travel expenses will not be recovered.

However, I have to admit that this is an astonishingly bold plan, a plan that makes people slam.

I invite you to come to Haizhou this time to discuss these issues, Zhang Ke sat up straight without pretending to be profound or in any posture, and said, I will forward Vice Minister Ye's article to you. Yes, I totally agree with his point of view... Ye Jianbin patted his forehead, didn't say anything, and continued to listen to Zhang Pan, Although Vice Minister Ye's point of view has been criticized by mainstream economists at home and abroad, but Aida Electronics will take Vice Minister Ye’s view that the Asian economic situation may be turbulent as the fundamental basis for future development planning. This is also the main reason why I do not advocate a large-scale development of the Southeast Asian disc player market now. The disk player market also needs to be gradually developed, but it is not the focus of the recent work of Charles Schwab... Ye Jianbin also did not believe that the Asian economy will inevitably experience severe turbulence. The financial system itself has a certain ability to self-regulate. The governments of Southeast Asian countries It is also possible to use state power to correct the shortcomings in the economic system. At this time, it is advisable to take appropriate and not overly aggressive actions on the Southeast Asian disc player market. It is my judgment; I have another judgment that is the same as the current mainstream opinion in Hong Kong's financial circles: Hong Kong will return to China in July next year, and domestic enterprises will be sought after in Hong Kong. Vice Minister Ye's opinion has no market in Hong Kong. Well, I think it is almost certain that domestic-funded enterprises will be sought after in Hong Kong. Many investment institutions in Hong Kong are probably gearing up for this and preparing to make a big move, right? Whether these two trends will happen, the degree of occurrence, The depth of the impact and the time before and after are all issues I am considering. Leaving aside the development of the Asian economy, starting from the general economic law, the degree of popularity of domestic-funded enterprises will probably reach a peak on the eve of the return of Hong Kong. I hope Able to present Aida Electronics in the time before that!

It’s only the end of November, and there are still seven months until Hong Kong’s return to China next year. There is still plenty of time. Sun Shangyi nodded and said: “The Asian economic situation will indeed fluctuate as Vice Minister Ye predicted. Hurry up It is appropriate to borrow additional listings before the return of Hong Kong; however, in my opinion, Aida Electronics has such a good growth potential in the future. The domestic market has enough potential to tap. I think that even if Aida Electronics does not go public through a backdoor There will be no loss... Part of the rights and interests of Aida Electronics in the Southeast Asian market has been placed in Jiaxin Industrial, as long as the domestic economic situation is not affected, the impact on Aida Electronics will be minimal.

Sun Shangyi did not expect that Zhang Ke asked Aida Electronics to take the initiative to lower its market target for the next year, giving some living space to Kewang, BBK, Aiduo and other DVD player manufacturers, but these companies will not be satisfied with these living spaces. The domestic market cannot directly compete with Aida. We can only actively explore overseas markets in emerging countries, and Southeast Asia is the closest market. Zhang Ke gave a narrow road, which can hardly be rejected by Kewang, BBK, Aiduo and other companies. However, Asia Finance and Southeast Asian markets have suffered setbacks. These companies must release excess production capacity to the domestic market in order to survive. The deterrent power of Aida Electronics It will no longer be able to stop the bloody storm in the domestic disc player market.

The only thing that can be said for sure is that Aida Electronics, which has a huge cost advantage and technological advantage, will certainly not be afraid of this level of bloody storm. On the contrary, it will be an excellent time for Aida Electronics to reshuffle the domestic dish player market.

If Zhang Ke wants to successfully implement his plan, it is not feasible without the support of Sun Shangyi and Ge Mingde. It is necessary for them to have a sufficient understanding of the cause and effect of the plan. Zhang Ke patiently planned in the afternoon out of the sunlight.

Of course, in Sun Shangyi's view. The most basic basis for Zhang Ke to throw out this plan is the judgment of the Asian economic situation in the article thrown by Ye Zhenmin. Although he may not agree with Ye Zhenmin's point of view, Zhang Ke's strong confidence still makes him quite touched. .

What is talent. Presumably it refers to some kind of innate mystery.

Regardless of Ye Zhenmin's judgment on the economic situation in Asia. This plan can also be called perfect.

Shin Kong Paper, a subsidiary of Kumho, threw out a huge investment plan of 6 billion at the beginning of the year and needed a large amount of money to fill in. This in itself determines that Zhang Ke needs to sell Aida Electronics for cash.

This program needs to be successfully implemented. It will be of great benefit to Sun Shangyi, Ge Mingde and the Ye family. It is almost certain that the shares of Jiaxin Industrial in their hands will appreciate again.

Of course, there are conflicts of interest between them and Zhang Ke.

Zhang Ke naturally hopes that the higher the asset valuation of Aida Electronics, the more funds he can withdraw, the better; for Sun Shangyi, Ge Mingde, and Ye Jia, the higher the valuation of Aida Electronics, the more public shares in the Hong Kong stock market. The greater the value, the greater the dilution of the shares of Charles Schwab they hold in their hands, and the smaller the room for stock appreciation in the future.

Of course, one thing is for sure. First, we must ensure that the public increase plan can be recognized by the market.

The Hong Kong stock market is a relatively mature financing market. Aida Electronics' position in the industry, financial status, and company management status are all issues that Hong Kong investors care about. Of course, mature investors pay more attention to the prospects of a company's future sustainable development.

To achieve this, in addition to the factories under Aida Electronics, including the components branch and the soon-to-be-established movement factory, Zhang Ting will use the audio-visual technology research room in the Kumho Electronics Research Institute as the research department and disc of Aida Electronics. Intangible assets such as computer-related patented technologies and 50% of the equity of Tate Optoelectronics Research Institute are placed under Aida Electronics, which shows to Hong Kong investment that Aida Electronics has a long-term promising development prospect in the field of disk players.

The development of the third-generation decoding chip between Kumho and Skober was still carried out in the name of Kumho Electronics Research Institute, and the relevant patented technologies were also under the name of Kumho Electronics Research Institute. It was not Zhang Ke's greed. To implement the plan, the relevant information must be reported to the Hong Kong Securities Regulatory Commission and disclosed to Hong Kong investors. A movement factory has already made other video player manufacturers jittery. Zhang Ke doesn't want to use Kumho's chips on the third-generation decoding chip to test the hearts of people like Xie Jiannan. Of course, if too many high-quality assets are placed under the banner of Aida Electronics, the scale of the public increase will eventually become larger, and the difficulty of the success of the plan will naturally increase. This is also a realistic consideration, and everything must be just right. .

Sun Shangyi was worried that Zhang Si would take away some core technologies. But when he learned all of Zhang Ke's thoughts, he was relieved. Zhang Ke did not fool Hong Kong investors as fools. There is no delusion to sell a few processing factories for billions.

And so it is. Sun Shangyi, Ge Mingde, and Fu Jiajun learned about Aida Electronics' technological advantages in the disc player industry in detail. Of course, the complete set of manufacturing technology for disc player cores is the part with core value, and it is also the part of Aida Electronics that is not afraid of other disc players in the industry. The core strengths of the vendor challenge.

The third-generation decoding chip is naturally out of the scope of the discussion.

Sun Shangyi, Ge Mingde, Fu Jiajun, Ye Jianbin, and Zhang Ke almost all got together in the reading room on the third floor of the staff restaurant as the sun set to study the feasibility of this plan carefully. Fu Jun and Ma Hailong stood outside. Prevent employees who enter the reading room from approaching to disturb them or hear what they should not hear secretly. Unknowingly, it was already dark outside, and the employees entered the restaurant one after another to eat. Xie Wanqing, Su Jindong, and Dong also rushed over to deal with the affairs at hand today. Zhang Ke had discussed related issues with the three of them before; Seeing that Zhang Ke and the others still had no intention of stopping, Jun and Ma Hailong simply ordered the manager of the staff restaurant to temporarily close the activity room on the third floor. Later, Xu Si would accompany Ge Mingjue, Sun Jingxiang, Jiang Daier, Ge Mingde, and Fu Jiajun family over for dinner. Just arrange it on the third floor. Xu Si will accompany them to climb Xiangshan in the afternoon. After the frost, the leaves of the sumac trees on Xiangshan Mountain are purple-red, and they are not all withered, which is a good time to enjoy the scenery. Zhang Ting specially asked his uncle Zhang Zhifei and his aunt to spare some time to accompany these guests from Hong Kong.

Zhang Ke and the others didn't intend to eat, but they couldn't let others wait for them with empty stomachs. When seeing Ye Jianbin's wife Ding Wenyi pulling Sun Jingxiang to discuss the nail polish on her fingers, Zhang Ke's heart went cold, and he didn't know how Ye Jianbin kept calm.

Ye Jianbin pulled Zhang Ke aside, and asked him in a low voice, Why are they all arranged together?

I don't know either. Zhang Ke spread his hands. There are so many things, it's inevitable that it's not good enough. It seems that things haven't been exposed yet, so it's too late to recover.

Ye Jianbin hated and didn't dare to say anything more.

In short, Ding Wenyi and Sun Jingxiang were cleverly divided into two dining tables. Sun Jingxiang gritted her teeth and shook her fist at Zhang Yan. She must have been quite confused by Ding Wenyi's unintentional enthusiasm. Zhang Ting showed his innocence, but Xu Si looked embarrassed. Ding Wenyi was Xie Wanqing's assistant, Zhang Ting, who was in charge of the reception. The two sides didn't communicate well, and they met on Xiangshan.

Zhang Ke is also uncomfortable, and has to accept Xu Wei's questioning gaze. He explained to her before that Xu Si is just an ordinary employee sent by Wanqing Company to Hong Kong, and Xu Wei is not a fool. How could she not see the difference? Xu Wei was going to be Sun Jingxiang's assistant, and there were some things that she couldn't hide from her. Besides, she already knew enough things, and using Wan Qing as a cover couldn't fool her for long. Zhang Ke could only sit at the same table with Ye Jianbin, ignoring Xu Wei's questioning gaze, as much as she could see, there was no redundant explanation.

This meal was really weird. Sun Shangyi, Ge Mingde and others were completely focused on the plan proposed by Zhang Ke. After eating two bites of food in a hurry, Zhang Ke and Ye Jianbin were going to go to the reading room next door to continue what they just said During the discussion, Sun Shangyi asked Zhang Ke one more question: Xu Sixiu should be the agent of Aida Electronics in Hong Kong, right?

Ge Mingjue complained and said with a smile: Really, wherever you go, you can't lose your business. If you don't want to eat, you have to take care of others.

Zhang Ke hurriedly beckoned Xu Si to follow, and asked his uncle to accompany everyone to finish the meal, and visit the electronics industrial park at night by the way.

Xu Wei watched her sister Xu Si follow Zhang Ke, Sun Shangyi, Ge Mingde, Fu Jiajun, Su Jindong, Dong, Xie Wanjing, Ye Jianbin and others into the reading room next door, but Sun Jingxiang and others are not qualified to participate in the so-called business , Said that even Zhang Ke's uncle accompanied them to eat outside, frowning slightly, with doubts in his heart that he couldn't ask.

With the return of Hong Kong, the listing of domestic-funded enterprises in Hong Kong will be favored by investment institutions and investors. This is the right time.

In addition to Tianshi, Sun Shangyi and Ge Mingde have certain influence and connections in Hong Kong's financial circles. This is Renhe.

Aida Electronics has an unshakable strong position in the emerging disc player market, which can probably be called a favorable location.

Even so, it is extremely complicated and difficult to put Aida Electronics, whose valuation is six to seven times larger, into Charles Schwab through a public stock increase in the Hong Kong stock market, but as long as this step is completed, Jiaxin Industrial can almost be said to have reached the sky in one step, becoming a leading company in the electronics industry in the Hong Kong stock market.

The plan is exciting to think about.

Although Sun Shangyi was worried that the whole plan was too large, he put all his thoughts into it when discussing it.

After Ge Jingcheng's stroke at the beginning of the year, his health deteriorated, and he was hanged in Ge's hospital, Hong Kong Cheung Kwai Hospital. He seldom wakes up every day, and he will spend his whole life in a blur. At this time, the children of Ge Jingcheng's three-wife family fought fiercely for the control of the companies under the name of the Ge family. The shares held by the Ge family of Jiaxin Microelectronics Group, a listed company, with a total of over 30 billion in assets are placed under the Jiaxin Group, a wholly-owned holding company of the Ge family. Other less important company assets have been directly included in various companies over the years The person's name is no longer within the scope of disposition of Ge Jingcheng's estate after his death. The current chairman and president of Jiaxin Group, Ge Yingcheng's eldest son, Ge Mingxin, wants to drive out the children of Ge Jingcheng's other two-bedroom wives and some Ge's collaterals from Jiaxin Group, and let him alone take charge of Jiaxin Group; Sun Shangyi's wife Ge Mingjue He was born to Ge Jingcheng's third wife, and he was not happy in Jiaxin Group during this period.

Ge Mingxin squeezed out dissidents so much, Sun Shangyi knew in his heart that when his father-in-law Ge Jingcheng died, the entire Ge family would fall apart, and the Jiaxin Group could not be a complete Jiaxin Group, and its corporate assets would be split to the surviving second wife Under the name of all the children. Sun Shangyi also knew that if his father-in-law Ge Jingcheng had no special will, according to the current laws in Hong Kong, Ge Mingxin, the eldest housewife, would not only inherit half of the family property under the name of his mother as the wife of the eldest housewife, but also share the remaining half of the family property equally with other children. As for grandsons and granddaughters, it depends on whether Ge Jingcheng has made any special arrangements in the will. However, as the eldest son and grandson, Ge Yinjun is also the most favored by Ge Jingcheng on weekdays. Now he has tens of millions of Hong Kong dollars in assets, all of which have been privately donated by Ge Jingcheng over the years. Other grandsons and granddaughters have never received such generosity from Ge Jingcheng. Love.

Sun Shangyi can see the future outcome of the Jiaxin Group, so there is really no need to waste time in intrigue as the senior vice president of the Jiaxin Group, but there is nothing in particular that he wants to do before, and now he is actively withdrawing from the chaos.