"Good!
If you can really do what you say, I will definitely reward you all when the time comes, and your words count!
”Xiao Bai couldn't help laughing, and then gave a promise of a heavy reward."
Then I will thank Xiao Dong on behalf of everyone!
However, I have thought of a problem in the past two days, that is, the price of LCD panels has risen too fast recently, and the panel companies on the island may be able to return to a wave of blood.It's really unwilling!
”Shang Liancheng, like Chen Yisheng, is thinking about how to defeat the panel companies on the island, but he didn't expect the sudden change in the market, and the realization of this wish may be postponed again."
Don't worry, Mr.
Shang.How many cycles do you think they can survive?
Let's do our own thing first, that's the key. ”Xiao Bai pointed out, and then left the construction site.A few days later, Xiao Bai returned to the deep city.All aspects of information and intelligence are summarized into his hands, and after analysis, he believes that this wave of LCD panel price increases, is a sudden imbalance between supply and demand.In other words, there is a high probability that this wave of strong cycle will be postponed to the first half of next year.It is too precise to predict the time, but the strong cycle should not be extended for more than a year."
Time!"
Xiao Bai has a bit of a headache, and the delay time is not long or short, which is also a dilemma for Times Optoelectronics.However, now let's look at the completion and production time node of the H fertilizer 8.5 generation line, especially the time node of mass production.If mass production can really be achieved before the end of this year, as Shang Liancheng said, then there are many things that will be easy to operate.Now that there is almost half a year before it is put into production, Xiao Bai can only wait patiently and put the matter aside for the time being.However, the sense of smell in the capital market is very sensitive, and the price of LCD panels continues to rise, which is soon reflected in the stock price of Times Optoelectronics.Times Optoelectronics' A and H shares have ushered in a sharp rise, and the current H share price of Times Optoelectronics has exceeded 40 Hong Kong dollars and is heading towards 45 Hong Kong dollars.The A-share market has broken through 48 yuan, and the market generally believes that it can still be seen higher.At this juncture, Xiao Bai successively held a meeting of the decision-making committee and a meeting of the board of directors of Times Optoelectronics Co., Ltd.Discussed and passed the proposal for the additional issuance of H shares, intending to publicly issue 300 million additional ordinary shares at a price of HK$38 per share."
Why did you issue additional H shares in the first place?
That is, the conditions for additional issuance in Xiangjiang are more relaxed than those in the mainland.Let's issue additional H shares first, and then consider financing in the A-share market. ”Xiao Bai explained, there must be a sequence of additional issuance.In line with the principle of easy first and then difficult, it will be issued in Xiangjiang first.Times Optoelectronics is very money-burning, and everyone has a consensus on this.Today, the two production lines of Times Optoelectronics Holdings Co., Ltd. are entrusted to listed companies for refinancing and then asset acquisition.Otherwise, waiting for the listed company to slowly develop and accumulate, the holding company will encounter financial troubles.Therefore, in this matter, everyone's attitude was surprisingly unanimous, and the additional issuance bill was passed unequivocally.The subsequent extraordinary general meeting of shareholders did not encounter any obstacles, and Times Optoelectronics Co., Ltd. immediately submitted an application to the Stock Exchange for additional issuance.This time for refinancing, Xiao Bai is confident.Last year, Times Optoelectronics Co., Ltd. finally made a profit, and the holding company actually sacrificed some of its interests.In order to make the operating data of the high joint-stock company, in order to obtain the qualification for the next round of financing.Now the operating indicators of listed companies in all aspects are good, and the future forecast is more moving, which is due to the support of the holding company and the increase in product prices brought about by the strong cycle."
Mr.
Lin, the matter of the additional issuance of Times Optoelectronics, please help me do more work behind the scenes, this matter is very important to me."
In order to ensure the smooth implementation of the additional issuance plan, Xiao Bai specially came to Xiangjiang to find Lin Jiadong.Although Lin Jiadong is not able to come forward directly for some reasons, it is no problem to help do some work in secret."
Of course!
It is my duty to do this!
”Lin Jiadong agreed very happily, in fact, he and Zhang Yilin, Jiang Yifan and others have already held a heavy position in a part of the H shares of Times Optoelectronics, which can be regarded as stakeholders.The purpose of financing of Times Optoelectronics is very clear, that is, to gradually acquire all the assets of the 7.5 generation line of Shencheng and the 5th generation line of Rongcheng by raising funds.Nowadays, LCD panels are in a strong cycle, product prices have risen all the way, and this part of the high-quality assets into listed companies is a major benefit.It's not nice to say, at this time, even money can't buy a production line."
Then thank you Mr.
Lin!"
Xiao Bai will not pin all his hopes on Lin Jiadong, and looking for the other party is nothing more than to add an insurance.The key is to look at your own conditions.Nowadays, no matter from which point of view, the conditions of Times Optoelectronics are in line with the requirements.The Stock Exchange's review was quickly approved, and the lead underwriter of this round of additional issuance was handed over to BOCI, and the roadshow and publicity were also launched simultaneously.Lin Jiadong, who made a big effort behind the scenes, then discussed with Zhang Yilin and Jiang Yifan to see if he needed to participate in the subscription of this additional issuance.Zhang Yilin looked at the additional issuance plan over and over again, and said: "Mr.
Lin, the price of this additional issuance is not low."
Of course, the market during this period of time is like this, and Times Optoelectronics' H shares have also risen a lot. ”The determination of the additional issuance price is related to the company's stock price performance over a period of time, which is also the main reason why Xiao Bai chooses to raise funds at present.But Zhang Yilin is a little embarrassed about this price."
I also think that this price is not low, but the future market will be further deepened, and the share price of Times Optoelectronics will exceed 50 Hong Kong dollars is a high probability event.Therefore, it is still profitable to participate in this additional issuance. ”After weighing, Lin Jiadong finally decided to participate in this round of additional issuance.Since this round of additional issuance is carried out publicly, this part of the shares can be listed and traded after the completion of the additional issuance, and there is no lock-up period.Moreover, the public issuance of Times Optoelectronics this time is relatively generous, and it has made a big discount on the price.At a price of HK$38 per share, there is still some room for arbitrage.So the three reached an agreement and decided to participate in this round of public issuance of Times Optoelectronics.Lin Jiadong and others immediately began to raise funds, and when the date came, they began to subscribe.Xiao Bai was also paying attention to the subscription situation, and when the data came out, he couldn't help but breathe a sigh of relief.Although there is a commitment to underwrite, it is still very happy that all parties in the market are actively subscribing and the underwriters are issuing smoothly."
Chairman Xiao, Times Optoelectronics raised a total of 11.4 billion Hong Kong dollars in this round of additional issuance.After the listing of the newly issued ordinary shares, the market was not under much pressure, and the company's share price is still fluctuating around HK$45. ”Shang Liancheng didn't have time to take care of this matter, and the company's financial director reported to Xiao Bai the situation after the listing of the additional ordinary shares."
yes, I see."
Xiao Bai nodded, asked some other questions, and beat the other party out.This time, the refinancing of Times Optoelectronics is very smooth, and the company's fundamentals are only on the one hand, and on the other hand, it has a lot to do with the current hot market.Subsequently, Times Optoelectronics Co., Ltd. issued an announcement, saying that the company would acquire the 5th generation TFTLCD production line in Rongcheng at a price of 8.3 billion yuan.In addition, the listed company still owes the holding company 2.6 billion yuan for the previous acquisition, plus the new acquisition money, adding up to 10.9 billion yuan.Of course, this purchase price is also a fair appraisal price given by an international appraisal agency, and at this point, Xiao Bai will not leave any handle.Times Optoelectronics Co., Ltd. set aside a few days to accept questions from minority shareholders.However, perhaps it is affected by the current LCD panel market, and the reaction in the market is actually applauded.Soon, the dust settled on the asset acquisition.Times Optoelectronics Co., Ltd. refinanced 11.4 billion yuan in this round, and after paying off the acquisition price and arrears, there was not much money left after deducting the additional issuance costs.Times Optoelectronics Holding Company has an additional 10.9 billion yuan on its books, and its cash flow has been enriched again.After this round of additional issuance, the total share capital of Times Optoelectronics Co., Ltd. is 2.3 billion shares, and Times Optoelectronics Holdings Co., Ltd. is still the largest shareholder of the listed company, accounting for 47.83 shares."
The next step is to raise funds in the A-share market, Mr.
You, this matter is handed over to the investment and financing department to assist Times Optoelectronics to complete this work."
After Xiao Bai completed the additional issuance of H shares, he set his sights on the A-share market.He specially convened a meeting of relevant personnel of Times Optoelectronics and Times Technology Group, and asked Yousen and the financial director of Times Optoelectronics to be responsible for the work of the additional A shares."
Dong Xiao, are we moving a little too fast?
Now some people have said that Times Optoelectronics is a big moneymaker, and I am afraid that it will affect the company's stock price. ”You Sen is not in opposition to Xiao Bai, he is just worried that the stock price will not be able to withstand the continuous expansion of listed companies."
It doesn't matter, take advantage of the good market now, and make a quick decision!"
Xiao Bai smiled slightly, so that You Sen and the others did not have to worry.Now the opportunity is a once-in-a-lifetime opportunity, and if you miss this village, you won't have that store.Yusen said no more, and everyone accepted the task and took action.At this time, the Shanghai Composite Index has broken through 3,800 points and is moving towards the integer mark of 4,000 points, and the market has begun to enter a frenzy stage."
Xiaoling, I'm going to go to the magic capital in two days, you and Chenchen go with me, go to see my parents by the way, and then go to the capital to have fun."
After dinner that day, Xiao Bai's family of three went out for a walk, and he discussed with Liu Xiaoling."
Okay, I just want to go to the magic capital, there's a project over there that I have to talk about in person, we happen to be together."
Liu Xiaoling responded with a smile, and the matter was settled.There is another important reason for Xiao Bai to go to the magic capital, which is to go to see Liang Yufen and Xiao Tianfang.At the same time, the 300 wafer developed by Hengmei Technology has been a success, and he should go there in person.