The 6th generation line was the most affected by this round of weak cycle, followed by the 45th generation line, but the 75th generation line, which had the largest panel size, was the least affected."
So, the funds we can raise this time are 8.2 billion Hong Kong dollars?
That's not a lot of money. ”Xiao Bai sighed, but he also knew that Shang Liancheng and the others had done their best, and even Lin Jiadong had done their best.According to the plan for the use of the raised funds, after the company is successfully listed, it will acquire the 75th generation line of Rongcheng, which is a bit poor."
Xiao Dong, this is also something that can't be helped.At present, the carrying capacity of the market is so large, and investors still have doubts about the liquid crystal display device industry.I think that the next acquisition plan may require some loans from the bank to make up for the lack of its own funds. ”Shang Liancheng smiled and shook his head, this result is actually good."
That's fine!
Just do as you say.Mr.
You, Mr.
Cui, the two of you have also worked hard this time, thanks to your full cooperation. ”Xiao Bai then looked at Cui Mingda and Juwenson, these two are definitely the heroes behind the scenes.Shang Liancheng also hurriedly thanked them, and the two of them inevitably had a polite remark, which also diluted the previous atmosphere.Xiao Bai then thought about it, in fact, it was nothing to borrow from the bank first.Anyway, Times Optoelectronics will be listed in China next, and the funds raised should be able to repay the loan.Several of them discussed the acquisition of assets in the office, and Lin Jiadong, Zhang Yilin, and Jiang Yifan also discussed their views on Times Optoelectronics stocks together."
Zhang Dong, Yifan, I'm afraid the stock of Times Optoelectronics is not good to speculate."
Lin Jiadong knew that Zhang Yilin and Jiang Yifan wanted to speculate on the stocks of Times Optoelectronics in the future, but he put forward a different opinion.Due to the particularity of the industry, Times Optoelectronics not only has a fast conversion of the strong and weak cycles, but also the huge investment in the production line is also daunting.Zhang Yilin and Jiang Yifan glanced at each other, and they were also a little embarrassed."
Why don't we wait for Times Optoelectronics to go public and take a look?
I always feel that Xiao Dong's vision is accurate, and he will not make a loss-making business. ”In the end, Zhang Yilin proposed a compromise plan, planning to take a look at the situation on the first day of listing of Times Optoelectronics.As a result, on the first day of listing, the stock price of Times Optoelectronics was very weak, and the closing price of the day was 1,583 Hong Kong dollars, falling below the issue price in one fell swoop."
What, Mr.
Lin, Dong Zhang, let's wait and see."
Jiang Yifan said the voices of several people, this stock did not dare to touch it, it fell below the issue price on the first day of listing, and the future trend is really not optimistic.Xiao Bai couldn't help frowning in the face of the trend of Times Optoelectronics on the first day of listing.But at this point, this matter has to be put aside.He helped Shang Liancheng contact several banks, intending to borrow 10 billion Hong Kong dollars.Hearing this loan amount, several banks shook their heads, the amount was really too large.In the end, Xiao Bai came directly to Standard Chartered Bank, and did not look for his account manager, but found Erin and asked her to take her to the credit manager."
Dong Xiao, it's definitely no problem for you to come forward for a loan."
Erin was very happy that Xiao Bai came to her, and she told Xiao Bai that as long as Yingsheng Investment was willing to issue a guarantee, it would be no problem to say that 10 billion Hong Kong dollars was 20 billion Hong Kong dollars."
Looking back at this problem, Times Optoelectronics is not without assets.Besides, the company will be able to be listed in China after a while, and you are still afraid that the loan will be wasted?
”Xiao Bai responded with a smile, it is not impossible to issue a guarantee, but it is better to do an asset mortgage."
Times Optoelectronics' assets are all in the mainland, and it will be very troublesome to make a mortgage.Of course, against your Xiao Dong's golden signboard, this matter is not negotiable. ”As the two spoke, they came to the credit manager's office.The credit manager was very polite to Xiao Bai, and like Erin, he agreed to a loan of 10 billion Hong Kong dollars in one bite.It's just that the way to borrow money still needs to be discussed."
Okay then, I'll have someone talk to you about it.I still say that in a few months at most, Times Optoelectronics will be listed in China, and the repayment ability is absolutely fine. ”Xiao Bai did not directly issue a guarantee, he wanted to see if Standard Chartered Bank had the courage.If you really can't talk about it, we'll talk about it later.After leaving the bank, Xiao Bai came directly to Yingsheng Investment.Regarding the loan, he then called Shang Liancheng.Let him send the company's financial director to talk about this matter, and Yingsheng Investment will give them the necessary support.Three days later.Xiao Bai, who returned to Shencheng, received a call from Erin, and she informed the bank's decision in advance, and the bank agreed to give Times Optoelectronics (Holdings) Co., Ltd. a loan of 10 billion Hong Kong dollars to Times Optoelectronics Co., Ltd. with the equity held by Times Optoelectronics Co., Ltd. as a guarantee.This result is not bad, Xiao Bai expressed his gratitude to Erin on the phone.He knew that Erin had done a lot of work behind the scenes, and he owed someone a favor."
I didn't help you either, Xiao Dong, you don't have to be polite."
Erin quickly hung up.In the afternoon, Shang Liancheng also called to talk about it.He has already asked the chief financial officer to go to Xiangjiang, and it is estimated that the loan procedures will be completed on the same day.After the arrival of the HK$10 billion loan, plus the funds raised after deducting the issuance costs, it is about more than HK$18 billion.Next, Xiao Bai monk Liancheng asked a professional organization to evaluate the Rongcheng 75th generation line, and finally Times Optoelectronics Co., Ltd. acquired the 94th equity of Times Optoelectronics (Rongcheng) Company held by Times Optoelectronics (Holdings) Co., Ltd. at a price of 16.9 billion Hong Kong dollars, and included the Rongcheng 75th generation line.At present, the exchange rate of Hong Kong dollars against RMB is about 10280000000000000000000000000000 173732 0000000000000000000000000000000000000000000000When the 75th generation line in Rongcheng was built, it also borrowed 3 billion yuan from the bank.The interest expense is deducted from the company's financial expenses, and the principal is deducted from the acquisition price, and the actual purchase price paid is 143732 billion yuan.In addition, Rongcheng also holds the equity of Times Optoelectronics (Rongcheng) Company 6, and the other party does not plan to sell this part of the equity for the time being.Of course, this does not affect the Rongcheng 75 generation line into the listed company."
Dong Xiao, we have now withdrawn so much money.Next, can we have a new plan?
”Shang Liancheng was a little worried at the beginning that there would be a problem with the listed company's premium acquisition of the 75th generation line.Later, the appraisal agency calculated an account for him, and the time cost of the construction cycle, the cost of capital occupation, the cost of investment risk, etc., was really not high.With tens of billions of yuan in his hands, Shang Liancheng had another idea in his heart."
Mr.
Shang, I think we should be able to build a 5th generation line."
Xiao Bai smiled and nodded, and the monk Lian Cheng started talking.Going back and building a low-generation production line, the main purpose is to expand the production capacity of small-size panels.The target is self-evident, the two companies that have merged on the island.Shang Liancheng actually had this idea before, and the two can be said to hit it off.After he left Xiao Bai's office and went back, he hurried to make a plan.The plan was unanimously approved by the decision-making committee and there was no resistance from the board of directors.Times Optoelectronics (Holdings) Co., Ltd. then decided to build a fifth-generation line in Rongcheng, with a total investment of 5.5 billion yuan and a construction period of 10 to 12 months."
Dong Xiao, the holding company has really become a cow now!
After we put the Rongcheng 75th generation line into the listed company, the performance of the other party has been significantly improved, and the holding company will have to bear a large loss!
”That afternoon, Xiao Bai and Li Longbin went to play in the club.Li Longbin talked about the acquisition of the 75th generation line of the holding company by Times Optoelectronics Co., Ltd., and couldn't help but complain.At present, the holding company still has an H fertilizer 6 generation line left, which is currently the worst profitable, and the holding company is doomed to lose money this year."
Dong Li, this account can't be counted like this.The acquisition itself has a premium, which actually includes this part of the loss. ”Xiao Bai actually doesn't care about short-term losses, he thinks about the overall layout of the industry.At this stage, the most critical thing is to make countercyclical investments.S Star and LG are increasing investment, Oriental Technology heard that it is gritting its teeth and is also going to launch the 75th generation line, and Times Optoelectronics currently has two lines (one each for the 75th generation and the 5th generation) to start construction.Only the panel companies on the island can't play countercyclical investment, and after the merger of the two companies, it will take at least two years to run in.The other three companies are seriously lacking in strength, and it is a problem to survive, so how can they have the money to invest?"
Alas, the LCD panel industry is really piled up with money!
Xiao Dong, to be honest, if I were to be honest, I might not be able to persevere. ”Li Longbin smiled and shook his head, sometimes he really admired Xiao Bai's concentration.But having said that, since the supply of LCD panels from Times Optoelectronics, the performance of Kangjia Electronics has been greatly improved.Yang Xuecheng didn't come today because of something, otherwise he would have heard the other party's bragging."
Dong Li, it's almost time, let's go."
After five o'clock in the afternoon, Xiao Bai and Li Longbin left the club.The two parted in the parking lot, and Xiao Bai drove directly back to Yinhu Graceland."
Ah Bai, are you back?"
Walking into the house, Xiao Bai was surprised to see Liang Yuqi."
Aunt Man, when did you come?
Why don't you give me a call?
I sometimes come back very late" Liang Yuqi usually calls Xiao Bai before coming over, but today is not.This is where Xiao Bai wonders."
I was thinking of coming over to see Xiaoling and Chenchen, it doesn't matter if you come back or not."
Liang Yuqi glanced at her nephew, and then heard Liu Xiaoling greeting for dinner.The family had dinner together, and after eating, Liang Yuqi looked at the opportunity and said to Xiao Bai: "Ah Bai, your parents said that they were going to New Zealand, do you know?"
”"Why did they suddenly want to go over there?"
Xiao Bai really didn't know about his parents' arrangement, and he looked at Liang Yuqi with some doubts.