Rebirth of the Official Business Route

Chapter 477: Overseas private placement

There is a garden on the east and west sides of the Bank of China Tower. There are flowing water, waterfalls, strange rocks and trees in the garden. The flowing water gurgles down the terrain. From a practical point of view, the sound of gurgling water can also absorb the traffic from the surrounding elevated roads. Noise, but traditional Hong Kong people like Ge Mingde think that the gurgling water implies a constant source of wealth. The "harmonious" bronze sculpture stands at the southwest corner of the building. Two huge bronze statues are set against the gray granite. It is eye-catching.

Standing in front of the Bank of China Building, Zhang Ke looked at the three-story stone pier, and above it was the glass curtain wall reflecting the color of the sky. He stared at the two mandrels on the roof for a while, which made people dazzling. . w Novel chapter updated fastest

It seems that as long as you take one step forward, you will realize that you really want to enter the ranks of the wealthy Chinese businessmen. However, Zhang Ke is quite interested in appreciating the most famous high-rise building in Asia in 1996. Sun Shangyi, Ge Mingde, Zhou You, Xu Si and the others are patiently waiting for him to express his unnecessary leisure.

Yinheng Securities Senior Vice President Liu Jin and his assistants have been waiting for the arrival of Zhang Ke, Sun Shangyi, and Ge Mingde in the square in front of the business hall of the Bank of China Building.

6 Lu Jin and Sun Shangyi saw their car driving into the temporary parking lot in front of the building through the phone. They saw Sun Shangyi and his group get out of the commercial vehicle but did not rush to them in a hurry, but walked to the southwest corner of the Bank of China Building. Take a closer look at this magnificent building. w "Fiction" novel chapters are updated fastest

The staff of Yinheng Securities couldn't help but pouted. In this era, senior employees who work in famous securities companies can be called the pride of this era. There are really some who do not regard the rich and powerful natives from the mainland. In the eyes. 6 However, Lu Jin stood patiently waiting for Sun Shangyi and his party to come over. He heard Sun Shangyi say that the founder of Aida Electronics was too young. When he saw Zhang Ke who was walking slowly with crutches, he thought Think: indeed too young and personable.

These days, he has carefully read and analyzed all the information he can collect. This is a new high-tech enterprise that has risen from the rise of the mainland disc player market in the past two years. Unlike the private enterprises in the Mainland that he had previously thought of, even if he was critically critical, he couldn't see that the company had obvious flaws in the management process that could be blamed; of course, this was only a perception derived from the information and documents. Therefore, Liu Jin also wants to go to Haizhou as soon as possible to observe it in person.

Recently, Kewang Electric became famous in Hong Kong because of its cooperation with Schwab Electronics. But in comparison, there is too much difference between Kewang Electric and Aida Electronics. From the complete information submitted by Aida Electronics, Aida Electronics has advanced preparations for patented technologies such as system control chips and power control chips. The current mainstream disc player appearance In some awkward situations, Aida Electronics not only has the ability to make the handle body, but also proposes a mobile concept with its own LCD screen. The corresponding patented technology research is also carried out, especially the recent joint venture with a US company in the movement factory project. . It is no doubt that Aida Electronics has established its leading position in the disc player industry. It is an indisputable fact that overseas electronics giants such as American companies participate in cooperation and can gain the trust of Hong Kong investors. Moreover, some of the patented technology required by the movement factory comes from another overseas electronics giant Philips, which naturally makes it even more so. People are full of expectations for this company. What special courage is there to bring these two renowned overseas electronics giants to work together?

A private enterprise in the Mainland has risen miraculously in a city that is not widely known. The process itself is full of curiosity.

This was Zhang Ke's first contact with people in the Hong Kong securities industry, and he looked at them almost with pity, regardless of how well-dressed they are now. There are only more than half a year of good time left. From the perspective of the entire economy, they will not be able to breathe a sigh of relief until seven years later.

The result of the preliminary discussions is that Yinheng Securities will provide operational guidance and business services for the entire expansion of Schwab Industrial. It is also necessary for accountants and asset appraisal firms to conduct a comprehensive inspection of the Aida electronic disc player business and give an authoritative evaluation report. The issue of underwriting methods and underwriting fees was further discussed. Of course, Yinheng Securities also proposed that in order to further improve the financial structure of Aida Electronics, it would recommend two Hong Kong investment institutions to participate in Aida Electronics.

Since Aida Electronics was first registered as a joint-stock company, the total number of shares has not changed much, including equity incentives including Zhou You, Jiang Wei, Lu Qingsheng and others. The total number of shares increased from 10 million shares to about 10.4 million shares. According to the financial level of Aida Electronics in 1996, the net assets per share reached 40 yuan, and the earnings per share reached 100 yuan.

Zhang Yan knows that if the increase plan is to be implemented smoothly, it is inevitable to give up more benefits to the brokerage firms. This is almost a piece of domestic companies that must be exploited in the overseas capital market. The so-called two Hong Kong companies recommended by Yinheng Securities Investment institutions are naturally the interest-related institutions of Yinheng Securities. Zhang Ke agreed to sell no more than one million shares to the two institutions at a price of $40 per share.

This kind of non-listed joint stock company’s private placement of shares to overseas investors or institutions is in the ordinary sense. According to the agreement of Hong Kong law lawyers on joint stock companies, the shares of overseas investment institutions participating in private placement can be transferred after six months. In other words, six months later. The increase plan was implemented smoothly. These shares are converted into shares of Charles Schwab, and investment institutions can reduce their holdings in the Hong Kong stock market to make a profit.

This part of the profit is usually several times the cost of the line.

This also has land for Aida Electronics. Driven by common interests, Yinheng Securities will naturally promote the implementation of the increase plan more actively; the directional increase of one million shares will not have a significant effect on the profit dilution of the remaining shares. Aida Electronics can obtain 40 million US dollars in liquidity. , It can completely solve the fund problem of Aida Electronics and increase the net asset per share to about 70 yuan.

Also due to the participation of international institutions, the value of Aida Electronics naturally has a benchmark, deducting some intangible assets of non-audiovisual disc players from the Kumho Electronic Technology Research Institute and the Techno Optoelectronics Technology Research Institute as well as the trademarks of Aida Electronics. Da Electronics-Including electronic component subsidiaries, group companies, assembly plants, precision mold factories, movement factory joint ventures and other physical assets, including equity assets held in parts supply companies, and Aida electronic trademark audio-visual Perpetual licenses for disc players, various audio-visual patented technologies, including system control chip technology, video encoding chip technology, audio signal processing chip technology, sound effect chip technology, digital signal processing chip technology, and complete single-disc and three-disc movements Manufacturing patented technology and other intangible assets-the asset value reaches 400 million U.S. dollars.

Naturally, when the M&A plan is passed, the market value of Aida Electronics is much higher than that. The investment institution recommended by Yinheng Securities spends a huge amount of money to participate in shares at this time, hoping to obtain at least double the income after the M&A plan is implemented.

Zhang Ke had previously asked domestic accounting firms to make a complete financial report. And Yuexiu’s 30% of Charles Schwab’s shareholding with a market value of nearly HK$300 million was frozen to guarantee the integrity of this financial report. On December 30, it signed a fundraising agreement with two investment institutions recommended by Yinheng Securities. protocol.

Such authority is mainly due to Zhang Ke’s strong request that the increase plan be completed before June 1997, and according to Hong Kong’s legal requirements that joint-stock companies must hold shares for six months before they can transfer, if investment institutions want to openly increase shares in Schwab When stocks are sold, they sell their shares to make a profit. You must immediately sign a shareholding agreement with Aida Electronics. Fortunately, Zhang Ke can provide a sufficient amount of credit guarantee assets, otherwise it would be difficult for both parties to reach an agreement on this article.

Of course, to complete the entire land increase plan, it is also necessary for the accounting firm, asset appraisal firm, and law firm to be recommended by Yinheng Securities and jointly selected by Schwab and Aida Electronics to issue a complete financial and asset appraisal to Aida Electronics. In addition, a professional evaluation report on the value of the audio-visual patented technology of the disc player is also required. In short, it is a very professional and tedious task. Although Zhang Ke has done a lot of work before, it cannot make the entire program The links have been reduced. Time is still very short to implement this plan in May and June of 1997.

On January 3, the Hong Kong company Guoyu Investment Co., Ltd., which participated in the private increase investment and listed on the London Stock Exchange, announced that it has signed an agreement to inject 20 million US dollars into the leading domestic disc player manufacturer Aida Electronics in exchange for Half a million shares of stock.

This is a very inconspicuous piece of news, but Guoyu Group's holding parent company Guoyu Group is listed on the Hong Kong Stock Exchange, and Guoyu Group also made an announcement at the same time.

Xie Jiannan was flying from Haizhou to Hong Kong again to invite Ge Mingxin and Ge Yinjun to Haizhou to participate in the foundation laying ceremony of Kewang Research Center. Hearing this news, they had mixed feelings and they did not hesitate to sell out the interests of their ally Jincheng Group. Kewang After that, it transferred 10% of the shares to Schwab Electronics to obtain a capital injection of less than 50 million Hong Kong dollars, while Aida Electronics only transferred less than 5% of the shares to obtain a capital injection of 20 million US dollars. That is to say, Guoyu Investment, a British-listed Hong Kong company, has given Aida Electronics a valuation of US$400 million and RMB 3.2 billion.

Although Aida Electronics made huge profits in 1996, Kumho and Haiyu will sell most of their profits. Xie Jiannan estimates that Aida Electronics’ net assets are between 300 million and 400 million yuan. Wangli invested more than 300 million yuan in real gold and silver. This huge valuation gap is even less than one-sixth of Aida Electronics. Is it just because of a year behind?

After Xie Jiannan arrived in Hong Kong, his mood was really terrible.

He was full of confidence in the cooperation with Schwab Electronics. He previously believed that as long as he received assistance from Schwab Electronics’ technology, human resources, capital and other aspects, Kewang could quickly shorten the gap with Aida Electronics. The end of the year. As a CCTV advertisement, Kewang has a clear advantage in market information resources. It was just that Kewang was working hard, and Aida Electronics did not stop. Kewang introduced a capital injection of HK$5,000, and Aida Electronics followed up with an injection of US$20 million.

It is a pity that Xie Jiannan received a call from Zhang Xiaojian in the country in the evening. The amount reported by Aida Electronics to the Provincial Foreign Exchange Administration and the Municipal Administration of Industry and Commerce was more than 20 million US dollars, but doubled. On January 5, Zhang Ke removed the plaster of his right foot at the Hong Kong Changkui Hospital of the Ge family. For one month, he hadn't moved his right foot. The muscles were a little atrophied. The two feet were put together. There was a clear difference. Sun Shangyi also recommended the rehabilitation doctor at Changkui Hospital to Zhang Ke. Even Zhang He Haizhou. The rehabilitation doctor can also accompany him to guide him to do rehabilitation exercises.

On the flight from Hong Kong to Jianyedi, Sun Shangyi also talked about it.

This time it was in business class. In addition to their group, there is also 6 Lu Jin, senior vice president of Yinheng Securities, and his group. Except for Zhang Ke, Fu Jun, and Ma Hailong, the others are members of the M&A plan team. Su Jindong, Jiang Wei and Zhou Yiping from Haizhou.

They packaged the business class on the flight to Jianye, which is not a luxury. The key point is that they can sit down and have no more seats, and they are not afraid of others hearing any trade secrets when chatting.

6 When Lu Jin heard their conversation, she said strangely: “Ke Shao does not have a specialized rehabilitation doctor, I may recommend it to Ke Shao..." In just over ten days of contact, he was also very respectful of Zhang Ke himself. Business talent and showing considerable admiration for finance, business knowledge, and negotiation skills, I believe that some people are born beyond the reach of ordinary people.

Zhang Ke smiled and refused and said: "I am not so delicate, and Haizhou is not without a rehabilitation doctor. I think I will recover after a few days of walking slowly. I am not a sprinter in my future life. I can't make any difference. ..." Turned around and said to Sun Shangyi, "The cost of human resources in Hong Kong is the most expensive. The starting salary of university graduates is 10,000 Hong Kong dollars. It is enough to hire a specialized rehabilitation doctor and add other expenses to return to Haizhou. Twenty senior doctors circled me around..."

Zhou You smiled and said: "Back to Haizhou, it is enough to ask two young and beautiful nurses to accompany you."

"This is a good suggestion," Zhang Ke agreed and joked.

Xu Simei's eyes opened slightly. He smiled and said, "I would also like to see you go back to Haizhou to find two beautiful nurses to accompany..."

"Just thinking about it..." Zhang Tianran smiled. Xu Si won't stay in Haizhou for too long, but thinking that Tang Jing and Wan Qing would accompany her in rehabilitation exercises, it's no worse than finding two beautiful nurses.

6 Lu Jin has become accustomed to Zhang Ke's not too serious tone, and smiled helplessly, and said: "You can always enjoy a more refined life now. Mr. Zhou is now worth tens of millions, more than me..." 6 Lu Jin is a Guangzhou native who came to Hong Kong in the early 1980s. He has been in Hong Kong for more than ten years and has been a senior professional manager for five or six years. With an annual income of nearly 10 million Hong Kong dollars, he has become accustomed to enjoying the exquisite life of Hong Kong's rich, but he also knows that the next ten years will be the golden age of wealth creation in the Mainland, such as traveling around, even in the Hong Kong business community, they are considered top-notch elites. , The key is that they have enough enterprising and hard-working spirit, it is only a matter of time to obtain wealth, and smiled and said, "This time. Aida Electronics has spawned a group of rich men in Haizhou, and it is also necessary to enjoy the exquisite life... …"

After the implementation of the equity incentive plan implemented at the end of 1995, Zhouyou was rewarded with 100,000 shares of Aida Electronics. The dividends of these 100,000 shares will reach 6 million yuan in 1996. The stock price of this private placement should be used as a reference. The value of the 100,000 shares of Aida Electronics under the name of Zhou You reached 4 million U.S. dollars. Cai Feijuan, Jiang Wei, Lu Qingsheng, as well as Yang Zhipu, general manager of the component branch, and two chief engineers who have made outstanding contributions to audio-visual technology research from Kumho Electronics Technology Research Institute, will all enter the ranks of multimillionaires. ; At the end of 1996, Zhang Ke will sign the equity incentive plan when he returns to Haizhou this time. Several hundred to ten thousand stocks will be rewarded to managers, including Yang Yun and Zhou Yiping's first-level department heads, which will give birth to a group of millionaires. Su Jindong and Dong held a total of 500,000 shares in their hands. Excluding the 1996 dividends, the assets under their names reached 20 million U.S. dollars. These financial details must naturally be disclosed to the members of the implementation team of the M&A plan. Half of the members of the team are senior staff of Hong Kong accounting firms, law firms, and asset appraisal firms. They can also be regarded as high salaries in Hong Kong. I also envy the many managers of Aida Electronics who can get incentive equity. I think these people get the same as theirs in a place where the standard of living is much worse than that of Hong Kong, even far more than their salary. Live a more dignified and refined life.

"Living too delicately, just confining oneself in a very narrow space," Zhang Ke sighed, but he would not deliberately refute Liulujin's point of view. The concept of life in the two places is too different. It would be too rude to refute others with one's own life concepts, and said with a smile, "Haizhou's foundation is too poor, even if you want to enjoy a refined life, there is nowhere to enjoy it."

Sun Shangyi said: "Sho said that hard-working and pragmatic people can eventually lead a decent and dignified life in Aida Electronics. I think Haizhou will soon form a large white-collar middle-class community with Kumho as the center. ..."

"I have been in contact with several mainland enterprises, state-owned enterprises and private enterprises. The management of these enterprises is quite different from Ke Shao's idea..." said Liu Jin. "They have always emphasized the low labor costs in the Mainland... "

"This is an advantage of the mainland," Zhang Ke said with a smile, changing his tone. "The low cost of human resources is indeed the most important advantage for attracting investment at present, but the working class has the power, and the exploitation of capitalists will always change. If you need warmth, the words should sound more elegant..." Zhang Ke turned his head and asked Zhou You. Zhou You hadn’t thought of the right words, but Zhang Ke first thought of the right expressions, “Let employees who are loyal to their work have a decent life. A dignified life should be the core social responsibility of a modern company. So, will it be more grandiose?" Hearing everyone laughed next to him, Zhang Ke laughed at himself, "Aida Electronics is better and more profitable. , The so-called, at this time, of course, there is no need to be *naked and hideous, so I put on a veil of tenderness..."

Zhou You smiled and said: "No capitalist will expose himself to blood like you..."

In order to prevent the increase in mergers and acquisitions from causing excessive media attention~www.readwn.com~ Zhang Ke has long dispersed the holdings of Aida Electronics under the name of Kumho to the names of Shin Kong Paper and Kumho Electronics Technology Research Institute. However, anyone who knows the inside story knows that Zhang Ke actually holds 7 million shares of Aida Electronics, which are worth up to 280 million U.S. dollars based on the negotiation of the private placement agreement. This is also convenient for the implementation of the increase plan. Paper and Kumho Electronic Technology Research Institute have each come to obtain a certain proportion of the exhibition funds. Since the main assets of Kumho Electronic Technology Research Institute at this time are reflected in the holding of up to 5 million shares of Aida Electronics, this part of the shares is also All were transferred under the name of Kumho, and Kumho’s shareholding in Kumho Electronics Research Institute increased from 70% to 90%.

Kumho Electronics Technology Research Institute is also a registered limited liability company, with 10 million shares, and Kumho holds 70% and 7 million shares. The research institute mainly owns the ownership of the Aida electronic trademark except for audio-visual disc players and has huge potential Intangible assets, of course, Xie Wanqing, Su Jindong, and Dong can't argue with Zhang Ke. Zhang Ke said that this part of assets is worth 100 million US dollars, and then he will add 7 million shares of Aida Electronics worth 200 million US dollars. Inject into the research institute, the research institute will have to increase to 20 million shares to Kumho, and the total number of shares will increase to 30 million. For the other 3 million shares, Haiyu holds 2.1 million shares, and Su Jindong and Dong each have 2.1 million shares. Holds 450,000 shares.

Now the research institute is waiting for the famous 5 million shares of Aida to be transformed into funds for technological expansion.

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