During Xu Changqing's time abroad, Xiao Bai was responsible for handling the important work of AUO Microelectronics, and he did not need to trouble him in his daily work.Ma Xiaochu, the former director of the design and R&D department, has been promoted to the deputy general manager of the company, and Yang Hu, who usually doesn't like to talk, took over as the head of the design and R&D department.The daily work of the company is in charge of Ma Xiaochu."
Xiao Dong, since our No. 1 purification plant has been put into operation, the production capacity has been increasing steadily, and so far it has met the minimum requirements of the design."
Although Xiao Bai doesn't care about his daily work, when Xu Changqing is not there, he still often goes to the company.Every time Ma Xiaochu saw him, he would report some good news to him."
Although our first IC production line is a 5-inch line with a low technical level, it is of great significance to the company."
Xiao Bai was very excited to hear the news, and he didn't think that blindly pursuing the most advanced technology was the right thing to do.At this point in time, whether it is South Korea or Baodao, the gap between the technical level of integrated circuits and China has not opened up very much.Two years ago, the 6-inch ultra-large-scale IC production line that began to be built in China was technologically advanced at that time.It's a pity that the project is not going well, and there is no hope in sight this year, and it is estimated that it will take several years to complete and put into operation.After a few years, it is clear that this once advanced project will fall behind.Therefore, Xiao Bai felt that instead of pursuing unrealistic "advanced", it was better to digest the existing technology in a down-to-earth manner.Meals have to be eaten one bite at a time, and technological progress naturally needs to move forward step by step."
Xiao Dong, are you free at noon?
Come out and have a light meal together. ”That morning, Yang Xuecheng called Xiao Bai and asked him to go out for lunch.Xiao Bai found that Yang Xuecheng liked about noon, and most of the time he ate Western food."
Mr.
Yang, it's no problem to eat together at noon.But I don't want to eat Western food lately, so let's find a Cantonese restaurant or a seafood restaurant. ”As soon as Xiao Bai said this, Yang Xuecheng laughed."
Okay, okay, then let's go eat Cantonese food."
Yang Xuecheng was as good as a stream, rebooked a restaurant, and met Xiao Bai on time."
Mr.
Yang, Chairman Li said that he was willing to participate in the company's private placement, how is your work doing?"
Xiao Bai guessed that Yang Xuecheng was looking for himself today for this matter, so he took the initiative to talk about this topic during dinner."
It's more troublesome, everyone's opinions are not consistent, and I'm afraid I need to work for a longer time."
Yang Xuecheng shook his head, indicating that he was very depressed."
Mr.
Yang, the company's stock price has been very sluggish since the beginning of this year, and I think this is also an important reason why everyone is reluctant to carry out additional issuance."
Xiao Bai is talking about things, Kangjia Electronics' stock price has been falling all the way since it was listed.The current stock price fluctuates between 9 yuan and 10 yuan, and if it falls again, it will go straight to the issue price.At this time, the price is naturally not high, and the original shareholders are of course not motivated."
yes, that's the problem!
But I can't pull up the stock price in the short term, or you can take advantage of the downturn in the stock price to increase some of your holdings?
”Times Technology participated in the shareholding reform of Kangjia Electronics as the initiator at that time, and this part of the shares was still in the restricted period.If it is to increase the number of outstanding shares in the secondary market, then there is no problem.However, it is also subject to the 30 shareholding limit, and if the proportion is exceeded, you must apply for an offer exemption.However, the number of shares held by Times Technology is far from 30, so don't care about this.That's why Yang Xuecheng said so."
Haha, I said you were in such a hurry to call me out, you were waiting for me here.As for the matter of increasing holdings, let me think about it and give you an answer in three days. ”Xiao Bai laughed and didn't agree on the spot.When he returned to the company, Xiao Bai called Juwenson, Mu Ziyuan, Huang Decai and others to the office and asked them to talk about their ideas.Juvinson talks mainly from a macro perspective, talking about the company's development strategy.He felt that if the company could control Kangjia Electronics Co., Ltd., it would actually be very beneficial to the overall development strategy of Times Technology Group.Mu Ziyuan talked about the company's financial situation: "Dong Xiao, at present, there are still 200 million yuan of funds in the account of our Times Technology, and the funds in the daily payment account are still sufficient. ”"That means we don't have a lot of money left at our disposal!
Lao Huang, there is no problem at the technical level, right?
I don't want us to spend too much money. ”Xiao Bai's idea in his heart was to control the investment within 100 million."
There shouldn't be any problem, after all, the current circulation of Kangjia Electronics is not large."
Huang Decai silently calculated in his heart, and then replied.Xiao Bai nodded, he decided to increase his stake by 5 first.Times Technology has been holding shares in Kangjia Electronics 1537, that is, 20 million shares.Later, Kangjian Electronics implemented the share delivery plan in May 1993, giving 35 shares for every 10 shares, and the number of shares held by Times Technology became 27 million shares, and the proportion of shares remained unchanged.The total share capital of Kangjia Electronics Co., Ltd. is currently 1757025 million shares, with 39.98 million A shares and 13.5 million B shares in circulation.In other words, if Xiao Bai wants to increase his stake in Company 5, he needs to buy about 8.79 million A shares in the secondary market."
Lao Huang, you are responsible for this matter, let's choose the opportunity to buy 8.8 million shares of Kangjia Electronics, remember to notify the listed company to make an announcement."
On the first day when Times Technology began to buy Kangjia Electronics shares, it should notify the listed company after the market closes and inform it of its shareholding plan.Listed companies should make announcements in a timely manner after obtaining this information.Xiao Bai told Huang Decai about this matter, if the information disclosure is not timely, he will be punished by the regulatory department again.Several people dispersed and took action one after another.Mu Ziyuan is responsible for mobilizing funds, Huang Decai is responsible for the specific implementation, and the increase in holdings began to be carried out step by step.In the following week, the stock of Kangjia Electronics was still falling.After the stock price broke through 9 yuan, the lowest price was 813 yuan.Not long after the appearance of this low price, the trading of Kangjia Electronics suddenly began to increase, and the stock price also slowly recovered, with a turnover rate of more than 20 on the day."
Dong Xiao, today we traded a total of 4.5 million shares, with an average price of 843 yuan, and a total of 3,793.5 million yuan of funds."
After the close of the day, Huang Decai reported the results to Xiao Bai."
Well, notify Kangjia Electronics Co., Ltd., let's say that we are ready to increase our shareholdings, and the planned increase in shares is 5, and the implementation time of the plan is 6 months."
Xiao Bai then asked Huang Decai to send a letter to inform Kangjia Electronics Co., Ltd.After receiving the shareholding increase plan of Times Technology Group, Kangjia Electronics issued an announcement the next day to inform the majority of investors of this matter.Then a lot of speculative funds began to enter the stock, and Kangjia Electronics rose 363 to close at 887 yuan.Today, Times Technology bought very few shares, only 700,000 shares, with an average transaction price of 866 yuan and a turnover of 60.62 million yuan.For the next period of time, Huang Decai did not continue to move, but sat on the sidelines and watched the excitement.The share price of Kangjia Electronics rose to 950 yuan, and it ran out of power.The short-term funds were closed when they saw a good situation, and as a result, its stock price returned to below 9 yuan.Huang Decai is not in a hurry, he buys hundreds of thousands of shares when the price is right, and waits patiently if the price is not suitable.But it only took less than half a month to buy 3.7 million shares of Kangjia Electronics again, with an average transaction price of 886 yuan and a transaction amount of 3,278.2 million yuan.So far, Huang Decai has completed the planned task, buying a total of 8.8 million shares of Kangjia Electronics, with a total transaction amount of 7,877.9 million yuan.The remaining funds were transferred back to the account of Times Technology, and the original 200 million yuan of funds was still 1232210 yuan.Up to now, Times Technology holds a total of 35.8 million shares of Kangjia Electronics, accounting for 2038 shares, becoming the company's largest shareholder.Times Technology Group immediately sent a letter to inform Kangjia Electronics, telling the other party that the company's share increase plan has been completed.Kangka Electronics immediately issued an announcement.The reaction in the market is strange, and many investors who were originally not optimistic about Kangka Electronics have now changed their minds.Their logic is that since it has become a fact that the majority shareholder has increased his shareholding, it shows that the major shareholder is very confident in the future development of the company.There must be potential benefits here.Next, the stock of Kangjia Electronics actually began to rise continuously, and soon rushed to around 11 yuan."
Xiao Dong, well done."
Yang Xuecheng called Xiao Bai and expressed his admiration for Times Technology for completing the increase in holdings so quickly.In the next step, Kangjia Electronics implemented the profit sharing plan of the previous year, giving 5 shares for every 10 shares, and distributing a cash dividend of 11 yuan (011 yuan per share).As a result, the total share capital of Kangjia Electronics Co., Ltd. changed again to 2635538 million shares.The outstanding A shares and B shares were 59.97 million shares and 20.25 million shares respectively, and the number of shares held by Times Technology became 53.7 million shares, and the proportion of shares remained unchanged.After the ex-rights, the share price of Kangjia Electronics remained between 6 yuan and 7 yuan.Yang Xuecheng took this opportunity to propose a board meeting.At the meeting, he once again proposed the company's refinancing plan, preparing to issue 50 million B shares at an issue price of HK$508 per share.The motion was passed by the Board of Directors.However, at the temporary shareholders' meeting, it was resolutely opposed by the former largest shareholder and now the second shareholder."
Then vote!"
In view of this, Yang Xuecheng has strengthened his determination to introduce new shareholders.In the end, the vote exceeded the two-thirds mark.Kangjia Electronics' private placement proposal was approved by the general meeting of shareholders.Next, the company has to apply to the regulatory authorities, and it is estimated that it will take some time to complete the whole process.Although he still has to wait, Li Longbin is happy.According to this private placement plan, he only needs to invest 25.4 billion Hong Kong dollars to obtain the equity of 1595 of Kangjia Electronics Co., Ltd.
(the total share capital after the additional issuance is 3135538 million shares).