"Oh?
Wang Dong's heart is also very big!
However, this is expected, Dongfang Technology has a state-owned background and is a listed company, so they can completely ignore the pressure of funds, after all, the relevant parties will support it. ”When it comes to burning money, Times Optoelectronics is not necessarily stronger than Oriental Technology.After the introduction of technology, Dongfang Technology has been slow to digest and absorb, so that one step is slow, and so far the company is still losing money.Why?
It is because the other party's debt is too high, the financial cost is high, and the market share needs to be improved.Times Optoelectronics' capital is more sufficient, and its debts are much less, and it has achieved profitability from the beginning of the year.But this does not mean that Times Optoelectronics can sit back and relax, Dongfang Technology has a strong backing, and it is not impossible to strike later."
Xiao Dong, I think we should launch the new line immediately after the 75th generation line in Rongcheng is put into production.What I mean is that let's launch the same production line again and maintain our scale advantage.Wait until next year, and then we will march to a higher generation of production lines. ”Shang Liancheng is a person with a sense of distress, he is not confused by the advantages in front of him, and his eyes are always on the two companies in South Korea.It is said that S Star will build the 8th generation line next year, and he feels that the company cannot lag behind in this area of capital investment."
Mr.
Shang, this matter still needs to be discussed repeatedly.Personally, I agree with you that the technology iteration must keep up, or it will be eliminated. ”Xiao Bai felt that Shang Liancheng's idea was good, but the follow-up funding needs were huge, and this matter still had to go through strict argumentation.Shang Liancheng also knew this truth, so he said: "Xiao Dong, if you think it is feasible, then I will make a plan immediately, okay?"
”"Well, you can make a plan first, and then we will have a meeting to discuss it."
Xiao Bai ended today's conversation, and Shang Liancheng said goodbye and left."
Oriental technology has made rapid progress, and now it has begun to prepare for the 75th generation line.Mr.
Shang's idea is right, he can't wait for the other party to become bigger before he thinks of dealing with it. ”Compared with the calmness on the surface, Xiao Bai actually felt pressure in his heart.In an industry like this, where a winner takes all, one will fall behind step by step, and you can't afford to have a moment of slackness.Afternoon.Xiao Bai took the time to meet with Li Longbin and Yang Xuecheng, and talked with them about the trends of Oriental Technology and Shang Liancheng's plans."
Dong Xiao, Mr.
Shang's idea is undoubtedly good, but is the financial pressure too great?
You see, the investment required for another 75th generation line alone is about 10 billion yuan, and the investment in the 8th generation line is even greater. ”Li Longbin also felt a lot of pressure, and now that he has launched a new production line, he may not be able to find a place to help share the funds.If Times Optoelectronics increases its capital and shares, it will also be difficult."
I think the issue of funding can be considered later, and the key is the efficiency of input and output.As long as it is profitable, it should be done. ”Yang Xuecheng kept his gaze on Xiao Bai's face as he spoke.He felt that the problem of funds mainly depended on Xiao Bai.If Xiao Bai intends to invest again, then there is not much of a problem in this matter."
I will have a way to fund, but I don't plan to increase my capital and shares this time.I have an idea that I can ask Times Optoelectronics to issue convertible bonds, and Times Technology Group will subscribe in full. ”Xiao Bai smiled, then took a sip of coffee to show his attitude."
Convertible bonds?
That's a good plan.Dong Xiao, I will definitely support you in this matter, you just let it go. ”Li Longbin breathed a sigh of relief, the project itself is fine, doing this line of work is like sailing against the current, there is no advance or retreat.After the three of them discussed the matter, Li Longbin and Yang Xuecheng left Xiao Bai's office.Next, the decision-making committee conducted a detailed argument on the plan proposed by Shang Liancheng, and also considered the issue of funding.In the end, it was concluded that the programme could be implemented step by step.First of all, from the end of this year to the beginning of next year, there will be a 75th generation line, and after this line is completed and put into production, the issue of the 8th generation line will be considered."
Mr.
Shang, your plan has been approved by both the decision-making committee and the company's board of directors.Next, on the one hand, you start to prepare for the project, and on the other hand, you must pay close attention to the construction of the 75th generation line in Chengdu.Only when the Rongcheng 75th generation line is put into operation smoothly, can the new production line start construction, do you understand?
”The smooth construction of the 75th line in Rongcheng determines the fate of the next 75th generation line.Successful experiences can be replicated, which is an advantage and a threshold.Xiao Bai signed the project plan, and then specially advised.Shang Liancheng certainly understands this truth, if the existing 75 line is not successfully put into production, and then consider the 75 generation line the next day, it will naturally become a joke.A few days passed.On behalf of Times Technology Group, Juvinson signed a loan agreement with Times Optoelectronics, and Times Technology Group will provide 10 billion yuan of financial support to Times Optoelectronics.The cost of this part of the funds is relatively low, which is about 7% of the loan interest in the same period.However, there is a clause in the agreement that Times Optoelectronics has the right to put forward a debt-to-equity swap request at any time before the expiration of the loan, and Times Optoelectronics must unconditionally implement it.When the debt-to-equity swap is exercised, 10 billion yuan of funds can obtain shares of Times Optoelectronics 17.If Times Technology Group is unwilling to exercise its rights, when the loan expires, Times Optoelectronics must pay off the debt of 10 billion yuan at one time with interest.To put it bluntly, whether to convert the loan into shares is in the hands of Times Technology Group."
Dong Xiao, this fund has not been transferred for the time being.As long as Mr.
Shang needs it, we can transfer money at any time. ”Juvinson finished this and came to the office to report to Xiao Bai."
Then let them be, anyway, when Times Optoelectronics needs funds, they will naturally come to us.Mr.
You, we will adopt more of this financing method in the future, and you must be mentally prepared. ”Xiao Bai's meaning is very clear, he wants to make the funds in his hands more flexible, and it is best not to precipitate quickly.Again, he needs to put a certain amount of pressure on the companies, and if the business is not good, of course he will not convert the debt into shares.Of course, companies that are willing to use this financing method do not suffer losses.After all, the cost of using funds is relatively low, and the valuation of the transfer of shares is also very reasonable.At the same time, it also lays the foundation for a wider range of financing for enterprises.While the two were talking, Yang Yan knocked on the door and walked in."
Xiao Dong, the phone number of Mr.
Wei of the Demon Capital."
Juvinson had just finished reporting his work, and he got up and left with a very good look.Xiao Bai took the phone and said, "Old Wei, what's new?"
”"Chairman Xiao, we have submitted a listing application to the relevant departments.Director Jiang said that our matter is a special case, and it will be discussed at the meeting within a month. ”Wei Jianjun told Xiao Bai that the listing process of Times IC Manufacturing Co., Ltd. was proceeding rapidly.Among them, the magic capital plays a crucial role.The company has not only perfected all the information, but also put the sponsor and the listed lead underwriter in place."
Old Wei, then congratulations.You should follow the plan we discussed before, especially the price of listing and issuance must be adhered to, the price is too low and it is better not to be listed. ”While Xiao Bai was happy, he did not forget to remind Wei Jianjun that he should insist on an issue price of not less than 15 yuan per share.This is a matter of principle, and there is no room for bargaining."
Xiao Dong, I'll try my best.I'll talk to them again and make it clear to them what you mean.Rest assured, I will not sell the company's shares for a bargain. ”Wei Jianjun also means this, although he hopes that the listing will be successful, but there are some things that cannot be compromised, which involves the fundamental interests of the enterprise."
Okay, I'll leave this matter to you, let's keep in touch at any time."
Xiao Bai didn't say much, and quickly hung up.Wei Jianjun then communicated with all parties repeatedly, and finally set the issue price at 1,780 yuan, and at the same time asked the lead underwriter to negotiate the issuance in the form of underwriting.In view of the special concept of Times IC Manufacturing Co., Ltd., as well as the company's own good performance and technical reserves, the lead underwriter still agreed to this condition.The listing of the company was in full swing, Xiao Bai did not interfere in this matter, and most of the power was directly delegated to Wei Jianjun.Of course, he also asked Wang Xuming to provide some necessary help.After all, the financial field is not Wei Jianjun's strong point, and some things that are too professional still have to be handled by experts.This weekend.Xiao Bai once again took Liu Xiaoling's mother and son, Tian Chunxiu and others to Rongcheng by plane.On the one hand, he had to go on vacation to inspect the construction site of the 75th generation line in Rongcheng.Today, the production capacity that Times Optoelectronics has increased not long ago has been released.The company's orders have been scheduled until the end of the year, and they simply cannot meet the needs of the market.Dongfang Technology has caught up with the good time, after the other party's 6th generation line is put into production, with the release of production capacity, orders are flying like snowflakes, and there is no need to worry about customers.At least in the domestic market, Times Optoelectronics and Dongfang Technology have a good reputation.If possible, domestic customers are reluctant to choose panel companies on the island.It can be said that the panel companies on the island have perfectly lost their character in this round of business cycle.Now it's just because panel products are in short supply, and the panel companies on the island can still live relatively well.and other cyclical changes in the industry, or the production capacity of Times Optoelectronics and Oriental Technology continues to expand, and the five tigers on the island will know why the flowers are so red!
But even so, Xiao Bai and Wang Bin also kept a hand.The price alliance between the two sides has always stuck the price of panel products at a slightly lower position than that of the island enterprises.In order to defeat the panel companies on the island in one fell swoop in the future, let all the five tiger generals go to hell.