"Mr.
Shang, Mr.
Cui, please take a seat.Tell me, what's going on?
Report us?
What exactly is being reported?
Times Optoelectronics did not do anything violated. ”Xiao Bai asked Yang Yan to make a pot of tea, then closed the door and asked."
Chairman Xiao, someone reported that we infringed on the interests of minority shareholders of listed companies through related party transactions.The other party has grasped the problem of asset premium in the process of asset acquisition. ”Shang Liancheng was a little annoyed, in fact, the mature production line was loaded into the listed company, and it was Times Optoelectronics Holding Company that really suffered.This is well understood, the weak cycle of LCD panels is about to pass, and the boom cycle is coming.The future is that production capacity is king, and whoever has production capacity will make a lot of money in the business cycle.Moreover, the purchase price is evaluated by an internationally renowned appraisal company, and it is not a black-box operation, so what is there to question about it?"
I'm afraid it's not that simple!
Recently, the company's stock price has performed well, what reason do minority shareholders have to report?
I think it's probably a competitor who did it, right?
”The whistleblower reported to the regulatory authorities in the mainland and Hong Kong at the same time, and there was no evidence of a stone hammer, most likely because he wanted to interfere with the normal operation of the company.So Xiao Bai felt that it was a competitor who did it.As for who this competitor is, everyone knows it."
Dong Xiao, Mr.
Shang, no matter who did this, we must first prepare and think of a strategy to deal with it.Would you like to clarify it through the media?
”Cui Mingda is obviously more experienced in dealing with this kind of thing than Shang Liancheng.Xiao Bai thought about it, but shook his head and said: "Don't contact the media for the time being, after all, this matter has not yet been known to everyone, let's hold it down."
In addition, Mr.
Shang, you have to hurry up and prepare self-defense materials.I think the regulators may take action next, and our related-party transactions are indeed a little more. ”Related-party transactions between listed companies and their parent companies have always been a difficult point in supervision, and they are also the most likely to be criticized by the outside world.Xiao Bai asked Shang Liancheng to prepare the information, on the one hand, to deal with the investigation from the regulatory authorities, and on the other hand, to respond to public opinion at the right time.The three of them discussed for more than an hour, and then Shang Liancheng and Cui Mingda said goodbye and left.After they left, Xiao Bai sat in the study and sighed.During this time, he was a little anxious, but the industry cycle of LCD panels determined that some things could not be done slowly, so he could only speed up the speed and efficiency of asset loading.This has led to frequent related-party transactions and premium acquisitions.Monday.Tian Chunxiu took Ziyu and his parents and others to ZH, and Xiao Bai, Liu Xiaoling, and Chenchen returned to Shencheng.All morning, Xiao Bai was in the office to handle official business.After lunch, he received calls from Shang Liancheng and Cui Mingda, telling him that the regulatory authorities had sent a letter of inquiry to Times Optoelectronics Co., Ltd.This also shows that the frequent related party transactions and the acquisition of assets at a premium have attracted the attention of the regulatory authorities, and at the same time, it has also given the company an opportunity to defend itself."
Mr.
Shang, you should hand in the information as soon as possible, we can still make this matter clear.In addition, remember to make an announcement in time to make a clarification to the outside world. ”Xiao Bai gave a task on the phone, asking Shang Liancheng to carry it out to the letter.It is impossible to conceal the letter of inquiry from the regulatory authorities, and this matter will inevitably have a certain impact on the stock price of Times Optoelectronics.Therefore, it is important to respond in a timely manner and must not be delayed.Shang Liancheng put down the phone and started to act, but even so, after the afternoon opening, the stock prices of Times Optoelectronics' A shares and H shares have fallen to varying degrees."
Mr.
Xiao, our materials have made it clear that related party transactions are beneficial to listed companies, and the premium acquisition is also fair and reasonable.But the market's reaction was an endless decline!
”A few days later, the regulator said that it accepted Times Optoelectronics' self-defense and would not investigate the company.But the AH shares of Times Optoelectronics continue to fall, the share price of A shares has fallen below 25 yuan, and the share price of H shares has fallen below the issue price again.That afternoon, Shang Liancheng came to find Xiao Bai, and as soon as they met, he began to pour bitter water."
Mr.
Shang, this is actually normal.The stock price performance of Times Optoelectronics has been weak after its listing, and it was affected by the strong market some time ago, so the A-share issuance and listing has a higher positioning" Xiao Bai feels that the problem of Times Optoelectronics is still the problem of profitability, and it can be seen from the market that there is almost no big money settled in it.In other words, basically institutional investors are not optimistic about the future market of Times Optoelectronics.Otherwise, Xiao Bai is in a hurry to load several production lines into listed companies?
Now grit your teeth and wait until the strength and weakness of the LCD panel industry cycle is converted, and the company's stock price can turn over.If the company's share price performs well, future refinancing will be smooth."
It can only be like this" Shang Liancheng came to Xiao Bai, not specifically to complain about the future.He then talked about a few issues that needed to be dealt with urgently, and only after discussing them did he get up and leave.The decline of Times Optoelectronics' A-shares and H-shares did not last forever.Its A-shares stopped falling above 23 yuan and stabilized, and H-shares began to rise above 15 Hong Kong dollars, and this wave of turmoil caused by regulatory inquiries completely subsided.During this time, the price of LCD panels has basically bottomed out.While all the manufacturers are struggling in the quagmire of losses, in fact, the light has appeared.But not every manufacturer can wait for the dawn, just like the company that ranked last in the "Five Tigers" on the island officially entered the bankruptcy liquidation procedure.However, the two island panel companies that merged before have many problems in the run-in process, the most difficult of which is the personnel dumping."
Xiao Dong, the panel enterprises on the island are now very chaotic, and some technicians are dissatisfied with the change of positions and the reduction of salaries, and are willing to come to the mainland for development."
There was civil unrest in the merged companies, another company went out of business, and there was a massive brain drain in the island's LCD industry.Although the relevant restrictions were quickly introduced on the island, many people still found Times Optoelectronics.Shang Liancheng came to Xiao Bai, he meant to be inclined to accept partially."
Acceptance is okay, on the one hand, we have to carry out assessments, after all, we have walked out of our own technical path.On the other hand, these people have to be dispersed to various factories. ”The technology source of Times Optoelectronics has nothing to do with the LCD panel companies on the island, and after these years of development, it has embarked on a unique road of technological development.However, the technical talents in the industry are still precious.Xiao Bai has never abandoned the technical talents on the island because he hates the enterprises on the island.However, for these technical personnel, they are absolutely not allowed to join together, and it is also necessary to strengthen management and achieve equal treatment in the system.All of us are the same, we must go through a long and rigorous inspection before we can get in touch with the core technology of the enterprise, which is also not negotiable.Shang Liancheng understands that in the process of recruitment, don't obey management, don't have an inexplicable sense of superiority, and don't have a strong technical level.Under the layers of screening, the success rate is less than one-fifth.Times Optoelectronics Holdings Co., Ltd. is waiting for the construction of a new production line, while continuing to increase investment in research and development.In the past two years, the number of patents of the company has surged, and its technical strength has made great progress.The company has its own talent training mechanism, so the conditions for talent introduction are much more stringent than before.Time flies.In a blink of an eye, Xiao Ziyu was more than half a year old.This weekend, Xiao Bai plans to take Liu Xiaoling, Tian Chunxiu and the two little guys to Rongcheng for a vacation, and by the way, inspect the construction of the 5th generation line in Rongcheng.At present, the price of LCD panels has begun to rise slowly, and the performance pressure of Times Optoelectronics Co., Ltd. has been greatly reduced, and it is expected to achieve profitability in the fourth quarter.Xiao Bai was also a lot more relaxed."
Ah Bai, how about we go for a snack at night?"
After arriving in Rongcheng, the group came to Huanhuaxi Villa.During her stay in New Zealand, Tian Chunxiu always missed the snacks and hot pot in Rongcheng, so she started thinking about dinner as soon as she entered the house.Xiao Bai and Liu Xiaoling glanced at each other, this kind of thing is casual, so they happily agreed.In the afternoon, I rested at home for a while before going out to find a place to have dinner."
Xiao Dong, don't squeak when you come to Rongcheng?
If I hadn't met Mr.
Chen today, the city wouldn't have known that you had come here. ”I found an inconspicuous restaurant and walked in, this is the place recommended by Master Yu, not the locals really don't know this place.After the family sat down and began to order, Xiao Bai received a call from a director in charge of reception in Rongcheng."
Director Cui, I want to take two days off on the weekend.Wait until next Monday, I'll go to the city next week, okay?
”Xiao Bai was very polite, and the call was nothing more than a greeting."
Well, the city just wants to talk to you.Xiao Dong, then I won't disturb your rest, I wish you a happy weekend. ”The other end soon hung up, and Xiao Bai sat down to eat with peace of mind."
Ah Bai, I want to go to the mountain city next week to have a look, and I can return in two days at most, can you and Lingling help me take care of Yu for a while?"
Tian Chunxiu wanted to go to the vaccine production factory in Shancheng to have a look, but it was inconvenient to take Xiao Ziyu with him.Liu Xiaoling was not in a hurry to return to Shencheng, so she said with a smile: "Xiuxiu, you go, I'll help you watch it for two days." ”There are also nannies, assistants, wet nurses and others at home, but in fact, Liu Xiaoling is not busy, she just cares a little."
You can go if you want, and you don't have to worry about the rest."
Xiao Bai smiled and pointed at Tian Chunxiu, the other party began to transform in the direction of a workaholic, and it was really difficult to change his nature."
Haha, eat more."
Tian Chunxiu saw that his goal had been achieved, and immediately changed the topic.Not to mention, the quality of the food in this small restaurant is very good, and the level of several specialty dishes is comparable to that of Chef Yu.