"Dong Xiao, we don't have investment projects that can be quickly realized now, which is a problem."
Jiang Youwei asked Xiao Bai very vaguely, can he still find a good project like blocking the pound back then?
This kind of thing must be decided by Xiao Bai personally, Jiang Youwei does not dare to make his own opinions, and the company's management system does not allow it."
The projects made by Yingsheng Investment have been successful so far.As for the projects you want to do overnight, I can tell you right now, not yet. ”Xiao Bai smiled slightly, dispelling Jiang Youwei's thoughts.There are still about two years to go before the outbreak of the Asian financial crisis, and it is too early to say this."
Okay, Xiao Dong.I'm going to take a look at all of the company's investments recently.These include Times International Building Project, AUO Microelectronics, and Times International Investment Company. ”Jiang Youwei nodded, since the boss didn't plan to take risks recently, then he just started his work step by step.The so-called inspection of investment projects refers to the inspection of various enterprises in which Yingsheng Investment Holdings participates.Jiang Youwei went around to understand the situation of various enterprises, and did not point fingers at the operation and management of various companies.There are many things that cannot be seen clearly by just sitting in the office and reading the report, and the site visit is essential."
Okay, you can go and investigate.However, Mr.
Jiang, you go back as fast as you can.When you come back, we will discuss the listing of Youwei Microelectronics and its related companies. ”Xiao Bai agreed to Jiang Youwei's field trip, but asked him to return to Xiangjiang within 10 days."
I see!"
After Jiang Youwei left Xiao Bai's office, he went to AUO Microelectronics.Xiao Bai and Liu Yixiong chatted for a while, and at noon the two had lunch together in the staff cafeteria, and Liu Yixiong returned to Xiangjiang.Month.Xiao Bai held a meeting in the headquarters building, which was attended by Xu Changqing, Jiang Youwei, Li Dong, You Sen, Ma Xiaochu, Mu Ziyuan and others."
There is only one topic on the agenda of our meeting today, and that is about the listing of AUO Microelectronics and its related companies on the Hong Kong Stock Exchange.Now let's talk about our thoughts," Xiao Bai presided over the meeting and let everyone speak freely.Whether it is better to go public as a whole or to be spun off and listed, this needs to be carefully sorted out."
Then I'll talk about it first."
The first to speak was Xu Changqing, who had been waiting for a long time."
In my opinion, AUO should apply for an overall listing.After all, our physical strength is not very strong, if we spin off and go public, it is not standard enough, then our work is not in vain?
”Xu Changqing believes that the overall listing should be realized, although AUO's profit situation in the past was not very good, but last year, due to the explosive growth of VCD machine related parts, it will have a higher performance effect."
I don't agree with Mr.
Xu's point of view, AUO Microelectronics is now in a bit of a hurry to go public as a whole, so it is better to wait until the company's third production line is put into operation.In my opinion, you can consider listing AUO Technology Company first, after all, the highest level of AUO Microelectronics technology is in the packaging and testing area. ”Jiang Youwei shook his head and raised objections.Next, You Sen and Mu Ziyuan both opposed AUO's overall listing, while Li Dong and Ma Xiaochu both agreed with Xu Changqing's statement."
Let me tell me what I think" Xiao Bai and others spoke, looked around, and then said: "My previous idea is similar to that of Mr.
Jiang and the others, I want AUO to go public first."
But since AUO's profit situation has improved a lot last year, why don't we try to get it listed as a whole?
If AUO can successfully achieve the overall listing, it will be a great benefit for us!
In the future, we can also spin off AUO Technology Co., Ltd., which is very beneficial to the overall market value of the company. ”To be honest, IC-related companies have never been the darlings of the capital market, and their valuations are often low.Because there is a problem with integrated circuit-related enterprises, that is, the capital investment is too large, the investment in R&D expenses is too much, and the performance is often not too ideal.Unless you can occupy a considerable global market share like those international giants, the capital markets will not buy it very much.Therefore, this requires scale effect, and the overall listing is more favorable than the spin-off listing.In the past, there was no way, and the overall profit level of AUO Microelectronics was not up to standard.But after last year's sprint, now that we have a certain degree of certainty, we can't be too conservative.After Xiao Bai finished speaking, there were fewer objections.He allowed everyone to discuss fiercely, and the truth was not clear, and if everyone could understand some truth through this incident, it would be better than anything else.After everyone finished arguing, Xiao Bai knocked on the table."
Everybody's saying that's good!
Now, I announce that Mr.
Xu and Mr.
Jiang will be specifically responsible for the preparations for the listing, and they must submit their listing applications to the Hong Kong Stock Exchange after the Spring Festival. ”After full discussion, Xiao Bai made a final decision.January 30 this year is the Chinese New Year's Eve, so the application for listing report must be submitted to the Stock Exchange by the end of February at the latest, and the time is quite tight.After the meeting, AUO and its related companies were all busy.First of all, AUO Microelectronics needs to be restructured, and the company will be renamed "AUO Microelectronics Group Co., Ltd."
The relevant companies listed as a whole include: AUO Technology Co., Ltd., AUO Integrated Circuit Manufacturing Co., Ltd., and AUO Integrated Circuit Manufacturing Pudong Co., Ltd."
Mr.
Xiao, we are ready to introduce two new shareholders.One is Kangjia Electronics Co., Ltd., and the other is Xiangjiang Sihai Electronics Shencheng Co., Ltd.In addition, we also plan to set aside 5% of the company's total share capital as employee shares, which will be held by the employee stock ownership association. ”The preparations before the listing are very cumbersome, and both Xu Changqing and Jiang Youwei are busy during this time.When the work of enterprise restructuring had an eyebrow, the two came together to report to Xiao Bai."
The introduction of new shareholders is equivalent to a new round of capital increase and share expansion, what do you think about the specific investment amount and share proportion?"
Xiao Bai listened to the oral reports of the two while looking through the information they brought."
Well, I'll make a suggestion first, and in the end, it's up to you to decide, Dong Xiao.I consider that the two newly introduced shareholders have 25 shares respectively, and they need to invest 22.5 billion yuan respectively. ”Xu Changqing and Jiang Youwei glanced at each other, and Xu Changqing spoke.According to this plan, AUO's total share capital after restructuring will be 1 billion shares.Xiao Bai calculated that Heung Kong Yingsheng Investment will hold 54 shares of the company, with 5.4 billion shares, and is the largest shareholder of AUO Microelectronics.Shencheng Times Technology Group will hold 18 shares of the company, with 1.8 billion shares, and is the second largest shareholder of AUO.Xu Changqing's team of 7 people holds 18 shares of the company, with 1.8 billion shares, tied for the second largest shareholder.The Employee Stock Ownership Association holds 50 million shares of Guifen, the company's 5, and is the third largest shareholder of AUO.Kangjia Electronics and Sihai Electronics Shencheng Company respectively hold 25 shares of the company, with 25 million shares respectively, tied for the fourth largest shareholder."
I agree to this plan in principle, and after Lao Mu issues a financial report, bring it to me for signing, and then you can implement it."
Xiao Bai nodded, feeling that the two of them had done a good job.Two days ago, Yang Xuecheng and Enron both approached Xiao Bai, and they had agreed to the plan of taking a stake in AUO Microelectronics Group Co., Ltd.After the completion of the shareholding system reform, the two companies transferred the investment funds to AUO's accounts, totaling 4.5 billion yuan.The allocation of staff shares will be slower and should be completed in the coming years.The company will set aside a part of the shares as rewards and benefits for new employees in the future, in fact, the funds received by the company and the funds advanced are basically the same."
Mr.
Jiang, I will go to Xiangjiang on the weekend, and we must confirm the sponsor as soon as possible.You get in touch with Eddid Securities first, and I'll look for Manager Tang later. ”Xiao Bai estimates that it should not be a big problem to find Eddid Securities as the sponsor of AUO's listing.However, he wanted to find two more sponsors, and this matter would have to wait until he went to Xiangjiang.As a result, before he could leave, an agency came to his door."
Hello Xiao Dong!
I'm Wan Bingxuan, a senior manager at China Securities Investment.I have heard that AUO Microelectronics Group Co., Ltd., a subsidiary of Mr.
Siu, is preparing to list on the Hong Kong Stock Exchange, and we would love to be your sponsor. ”As a listed company nominated by the sponsor, the sponsor needs to owe a certain duty of good faith.Of course, there are benefits, otherwise who would want to do such a thankless thing?
Wan Bingxuan didn't have too much politeness when he saw Xiao Bai, but went straight to the point."
Manager Wan, thank you for your trust in us."
Xiao Bai chatted with the other party for a while, and felt that this company was still very reliable, and then he asked Wan Bingxuan to find Jiang Youwei.Jiang Youwei is responsible for docking with the Stock Exchange, and these things are under his control.After Xiao Bai arrived in Xiangjiang on the weekend, Tang Ziyan took him to find Mr.
Lin and Lin Jiadong of Ed Holdings.Lin Jiadong was very polite to Xiao Bai, and when it came to the sponsor, the other party also agreed.However, there is also one condition, that is, Eddid Securities hopes to serve as the lead underwriter of AUO's listing."
It's definitely fine!
But I also make a request that Eddid Securities must commit to underwriting.If Mr.
Lin agrees, I can make the decision to sign an agreement with you now. ”Xiao Bai bargained with the other party and quickly reached an agreement."
Free novels bring you joy and joy ---> storyskyline.net
Xiao Dong, in addition to China Securities Investment, I will help you find a sponsor, so you don't have to worry about it.In addition, I hope you will submit your listing application as soon as possible, and I will find a way to get you listed earlier. ”Lin Jiadong smiled slightly, stood up and shook hands with Xiao Bai.