Chapter 832 Listing and Delisting
No one doubts Mr. Lin's vision and judgment!
In fact, the relocation of at least 10,000 people from the headquarters of the new venture electronics group to the new headquarters in Saigon, plus their families, has added more than 20,000 people to the Saigon area. In addition, after the headquarters of the new venture electronics group is moved to Saigon, it is bound to trigger some enterprises to follow suit and become the neighbors of the new venture electronics group.
It is foreseeable that the population of Saigon will double in the next few years, and after the population grows, the price of housing will definitely increase. What's more, Saigon is environmentally friendly, most areas cannot be developed, and can only be developed in a few areas, and the land supply is actually very limited. Most of the land can only be seen to maintain the natural scenery, and it is absolutely undevelopable. With very little land available for development, Sai Kung will naturally be sparsely populated and full of luxury homes in the future, while housing prices will rise rapidly to a level that is no less than Hong Kong's traditional bustling urban area.
To put it simply, with such a large physique as the new entrepreneurship department, it is too simple to speculate on the housing prices in cities and regions. Enclosure at will, development of new headquarters or new towns. By dispatching a large number of subsidiaries and employees of the new start-up department, it is possible to quickly turn a barren land into a bustling town.
In fact, many later governments and big businesses have done the same.
Selling the old headquarters and office location for a cheaper new headquarters is essentially activating a part of the asset. Get higher returns.
The only thing to consider is whether the relocation of the headquarters will affect the business and the lives of employees.
However, under the condition of abundant capital preparation, plus moving will get a better environment. As a result, there was not much resistance from the employees, and they quickly began to return to normal.
What's more, after the headquarters of Xinchuang Electronics Group moved, there were a lot of subsidies for employees. And most of the employees in the headquarters have high income and savings, and moving will not affect most of their lives.
Only when some company headquarters move to more remote areas, but cannot solve the supporting conditions of accommodation, education, medical care and other aspects of employees' families, it will lead to difficulties in moving headquarters.
However, there is no such problem in the headquarters of the new entrepreneurship department, and money can solve many problems, so it is not very difficult to choose a cheaper new headquarters like many companies.
"In the capital market in the past year, we have successively completed the listing of Phoenix Games on the Hong Kong Stock Exchange, the listing of New Capital Semiconductor on the Shanghai Stock Exchange, and ...... Xinfei Electronic Technology Co., Ltd. was privatized and delisted on the Tokyo Stock Exchange in Japan. Basically, these operations are in line with the strategic development interests of subsidiaries and group companies. Lin Qi explained, "The delisting of Xinfei Electronic Technology Co., Ltd. is more because of the Tokyo Stock Exchange, which can be said to have lost its financing function for foreign companies in the future, and also seriously underestimated the value of Xinfei Electronic Technology Co., Ltd." In addition, the management of Xinfei Electronic Technology Co., Ltd. is turbulent and needs to be vigorously reorganized and adjusted in order to obtain new growth, so after we delisted, we took over the DVD-related technology and team to Xinfei Electronic Technology Co., Ltd., so that Xinfei quickly completed the upgrading of the product line. From the fiercely competitive VCD, CD-ROM and other low-profit markets, to the higher-profit DCD DVD player and DVD-ROM and other high-profit product market, at present, DVD-ROM has sold a total of 5 million units by relying on Pangu 8th generation computers and other users' DIY modification orders, and DVD-ROM shipments are growing every month, and it is expected that in the next 10 years, it will gradually replace CD-ROM as the mainstream technical standard for computer optical drives, which is no problem. DVD players have also achieved sales of more than 1 million units, and at present, they have gained a good reputation in the high-end user market. Basically, after the delisting, Xinfei Electronic Technology Co., Ltd. achieved a revenue of 13.7 billion U.S. dollars and a profit of 1.2 billion U.S. dollars, and the revenue increased, while the profit shrank, mainly because, when the delisting, Xinfei Electronic Technology Co., Ltd. invested 1 billion U.S. dollars to participate in the repurchase, and some of the shares repurchased will be used for employee equity incentives in the future, so the financial statistics are a reduction of 1 billion U.S. dollars in profits. However, in fact, after the delisting, Xinfei has begun to resume growth, and in the next few years, revenue and profits will be higher year by year. After that, we will take the opportunity to list on other major markets around the world, such as the NASDAQ in the US, London in the UK, the China A-share market or the Hong Kong Stock Exchange, at a valuation that is well above the time of delisting. In short, the previous delisting was for listing at a higher valuation in the future. If I can't reach a valuation of $50 billion, I won't consider going public with Xinfei Electronic Technology!"
Lin Qi explained the reason for the delisting, and many of the group's shareholders present couldn't help but applaud happily. After all, Lin Qi stands in the interests of the group's shareholders and carries out capital operations.
In the future, whether Xinfei Electronic Technology Company will be able to exceed the valuation of $50 billion? Many people do not doubt this. Because, for the time being, optical drive technology is still a revolution in digital storage, and optical discs are still an important storage medium before the hard disk capacity reaches excess.
It was a long time since optical drives and discs were no longer a must-have tool.
It should be said that within ten years, DVD drives should grow rapidly with the popularization of computers.
At the same time, the market for DVD players and high-definition DVD discs is still a long period of growth.
In the future, DVD players will gradually launch on the historical stage, more because of the popularization of hard disk, flash memory and Internet technology. After that, users can do a lot of work without the need for a disc.
But that's a long time later, and for the time being, DVD drives and DVD players are still high-tech products in the eyes of many people. Therefore, Lin Qi is ready to go public before the Internet and technology bubble peaked in 1999. It will take until the dot-com bubble expands to the extent that it did in 1999, at least until 2018.
At the height of the bubble, people were fanatically speculating on technology stocks, and it was a good time to re-list Xinfei. Lin Qi actually tends to pit the Americans, continuing to play a wave of bull market circle money on the NASDAQ, and constantly redeeming stocks for privatization and delisting when the bear market is sluggish.
Anyway, he's already done it once, and it's not taboo to do it again.
In fact, Chinese companies have been listed overseas, and although they are not junk companies, they have actually contributed more high-quality companies. A lot of cheap money has been taken up by overseas investors, and Lin Qi will not send garbage companies to go public. However, it will take advantage of the characteristics of the capital market and use not too bad assets to be listed at a high price and delisted at a low price to remove the wool. Anyway, these operations are carried out under the premise of legal compliance.
Legally, there is no problem, at most it is morally condemned by some investors, but Lin Qi doesn't care.
Anyway, only a very small number of people are condemned, and the vast majority of people will still regard Lin Qi as a spiritual idol because of his continuous introduction of cheap, high-tech innovative products.