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The market competition is too cruel and it is not good for Aida Electronics, not to mention that Tang Xueqian was promised to take into account the overall situation of Haizhou City's economic development, and the existence of Kewang is beneficial to promoting the further development of Haizhou City's electronics industry. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

Aida with a strong posture to deter other manufacturers in the same industry, take the initiative to lower the market target for the next year, to Kewang, backgammon, Aiduo these manufacturers in the same industry to a little looser living space, is conducive to stabilizing the current disc machine market, but also to facilitate the rapid promotion of super VCD, the main reason, Zhang Ke to put Aida Electronics into Jiaxin Industrial before the middle of next year, how can the majority of Hong Kong investors see the disc machine market is bloody?

There are several young employees in the reading room sitting in front of the window reading newspapers and periodicals, and there are also whispering conversations, and the sound of billiards in the billiard room next door can be heard, Zhang Ke lazily leaned on the curved back of the sofa chair, as if he was just talking about a very prosaic topic.

Sun Shangyi, Ge Mingde, Fu Jiajun, and Ye Jianbin all straightened their waists and sat up, all staring at Zhang Ke to see if he was joking; Zhang Ke gave the sun directly on his face and squinted his eyes.

Of the five people sitting around this simple glass table, Fu Jiajun is the president of Jiaxin Industrial, holding about 1% of the shares, and the Ye family also officially participated in Jiaxin Industrial in the Xiangxuehai joint venture case, holding 10% of the shares. Zhang Ke, Sun Shangyi, and Ge Mingde are the actual controllers of Jiaxin Industrial.

Sun Shangyi looked at Zhang Ke and asked, "I heard that Aida Electronics' sales can reach 4 billion this year?" ”

"Almost, if it's almost, it's not much." Zhang Ke replied.

"Can AIDA Electronics achieve a net profit of one billion?" When it comes to this step, there are some sensitive issues, and Sun Shangyi will not shy away from it.

"Almost, if it's almost, it's not much."

"This is AIDA's first tax haven year?"

"Yes."

"Aida Electronics has been established for a short time, and the average price-earnings ratio and price-to-book ratio of companies related to the Hong Kong stock market and gem can be used to measure the market value, and a valuation of 4 billion to 6 billion can be given," Sun Shangyi leaned over, he was not impressed by Zhang Ke's plan, but he felt that it was incredible, "The current market value of Jiaxin Industrial is only one billion Hong Kong dollars, and if you want to implement this plan, there is no difference from a snake swallowing an elephant." ”

What is called short, when the stock market rises to the peak, the company's assets are split into shares and sold to investors for cash, which is the essence of shorting; When the stock market is in a downturn, you only need to spend a small amount of money to sell the shares back from investors, which is a complete band. In this process, Schwab is only a borrowed tool, and of course, this is also a great benefit to Schwab Industrial, which injects high-quality, market-sought-after assets, and its value will also rise.

Jiaxin Industrial and Yuexiu (Hong Kong) have joined forces to carry out two relatively large asset injection actions in a row, one is to put the full agency of Aida Electronics in the Southeast Asian market into Jiaxin Industrial (now it seems that this is just the prelude to Zhang Ke to inject the entire Aida Electronics into Jiaxin Industrial), and the other is a joint venture holding of Huishan Xiangxuehai, although the shares in the hands of Sun Shangyi and Ge Mingde have been diluted (which is inevitable), However, the reward they got was that Jiaxin Industrial has changed from a listed company that may fall into the abyss of bankruptcy into a vigorous and promising emerging enterprise, although the company's net assets are difficult to increase greatly in a short period of time, but the market value of the part of the stock in the hands of Ge Mingde and others has increased several times.

Sun Shangyi, Ge Mingde, Ye Jianbin and Fu Jiajun are all very tempted, but they are worried that the scale of Jiaxin Industrial is too small, and it is difficult to get the recognition of the market if the public issuance of shares that exceed their market value is six or seven times; If it is not recognized by the market, no matter how perfect the plan is, it will be in vain, and if it is miserable, I am afraid that I will not even be able to recover the issuance fee.

However, I have to admit that this is an amazingly bold plan, a plan that makes people bang their hearts.

"I invited you to Haizhou this time to talk about these issues," Zhang Ke didn't pretend to be profound, nor did he take any posture, sat up straight, and said, "Vice Minister Ye's article, I will pass it on to you, and I agree with his views very much......" Ye Jianbin patted his forehead, didn't say anything, and continued to listen to Zhang Ke's nonsense, "Although Vice Minister Ye's views have been refuted by mainstream economists at home and abroad, However, Aida Electronics will take Vice Minister Ye's view that the Asian economic situation may be turbulent as the fundamental basis for future development planning, which is also the main reason why I do not advocate the development of the Southeast Asian disc machine market now, of course, it cannot be choked and wasted, and the Southeast Asian disc machine market also needs to be gradually carried out ...... work, but not as the focus of Jiaxin's recent work "Ye Jianbin did not believe that the Asian economic situation will inevitably have violent turbulence, and the financial system itself has a certain self-regulation ability, Southeast Asian governments may also use state power to correct the shortcomings of the economic system, and it is advisable to make appropriate and not overly aggressive moves on the Southeast Asian disc market, Zhang Ke continued, "Once the Asian economic situation is turbulent, Hong Kong naturally cannot stand alone, this is my judgment; I also have the same judgment as the current mainstream view of Hong Kong's financial circles: Hong Kong's return to the motherland in July next year will be sought after by domestic enterprises in Hong Kong. Vice Minister Ye's view is that there is no market in Hong Kong, so I think it is almost certain that domestic enterprises will be sought after in Hong Kong, and many investment institutions in Hong Kong are probably preparing to make a big deal about it, right? Whether these two trends will occur, the extent of the occurrence, the depth of the impact, and the time before and after are all questions I am considering. Not to mention the development of the Asian economic situation, starting from the general economic law, the degree of domestic enterprises sought after will probably reach a peak on the eve of Hong Kong's return to the motherland. ”

It's only the end of November now, and there are still seven months to go before Hong Kong's return to the motherland next year, and there is still quite plenty of time, Sun Shangyi nodded and said: "The Asian economic situation is really as predicted by Vice Minister Ye, and it will be appropriate to issue some fluctuations before Hong Kong's return; However, in my opinion, the future growth of Aida Electronics is so good, and the domestic market has enough potential to be tapped, I think Aida Electronics will not suffer any losses even if it is not backdoor listed...... "Part of the rights and interests of Aida Electronics in the Southeast Asian market have been placed in Jiaxin Industrial, as long as the domestic economic situation is not affected, the impact on Aida Electronics is very small.

Sun Shangyi did not expect that Zhang Ke asked Aida Electronics to take the initiative to lower the market target for the next year, and give some living space to DVD player manufacturers such as Kewang, BBK, and Aiduo, but these companies will not be satisfied with these living spaces, and they cannot compete directly with Aida in the domestic market, so they can only actively explore the market of overseas emerging countries, and Southeast Asia is the nearest market. Zhang Ke gave a narrow road, almost not allowed Kewang, backgammon, Aiduo and other companies to refuse, but the Asian financial turmoil hit, the Southeast Asian market was frustrated, these companies must release excess production capacity to the domestic market in order to survive, the deterrent power of Aida Electronics can no longer stop the bloody storm of the domestic disc machine market.

The only thing that can be affirmed is that AIDA Electronics, which occupies a great cost advantage and technical advantages, will certainly not be afraid of this level of bloody rain, but it will be an excellent time for IDA Electronics to reshuffle the domestic disc machine market.

If Zhang Ke wants to successfully implement his plan, it is not feasible to leave the support of Sun Shangyi and Ge Mingde, then they must have enough understanding of the cause and effect of this plan.

Of course, in Sun Shangyi's view, the most basic basis for Zhang Ke to throw out this plan is the judgment of the Asian economic situation in the article thrown by Ye Zhenmin, although he may not agree with Ye Zhenmin's point of view, but Zhang Ke's strong confidence still makes him feel quite touched.

What is a talent probably refers to some kind of innate mystery.

Aside from Ye Zhenmin's judgment of the economic situation in Asia, this plan can also be called perfect.

Kumho's Shin Kong Paper's huge investment plan of 6 billion yuan at the beginning of the year needs a large amount of money to fill in, which in itself determines that Zhang Ke needs to sell Aida Electronics for cash.

If this plan can be successfully implemented, it will be of great benefit to Sun Shangyi, Ge Mingde, and the Ye family, and it is almost certain that the shares of Jiaxin Industrial in their hands will appreciate sharply again.

Of course, there is no contradiction of interests between them and Zhang Ke.

Zhang Ke naturally hopes that the higher the asset valuation of Aida Electronics, the more funds arbitraged, the better; For Sun Shangyi, Ge Mingde and the Ye family, the higher the valuation of Aida Electronics, the larger the total value of the publicly issued shares in the Hong Kong stock market, the greater the dilution of the equity of Jiaxin Industrial in their hands, and the smaller the future appreciation of the stock.

Of course, one thing is certain, first of all, it is necessary to ensure that the public additional issuance plan can be recognized by the market.

The Hong Kong stock market is a relatively mature financing market, and the status of AIDA Electronics in the industry, its financial status and the company's management status are all issues that Hong Kong investors are concerned about, of course, mature investors are more concerned about the prospects for the sustainable development of a company in the future.

To achieve this, in addition to the factories of AIDA Electronics, including the component branch and the soon-to-be-established movement factory, Zhang Ke also put the audio-visual technology research laboratory in the Kumho Electronics Research Institute as the R&D department of AIDA Electronics and the patented technology related to the disc machine and other intangible assets and 50% of the equity of the Taite Optoelectronics Research Institute into the AIDA Electronics, indicating to Hong Kong investors that AIDA Electronics has long-term promising development prospects in the field of disc machines.

The cooperation between TI and Scooper on the development of the third generation decoding chip is still carried out in the name of Kumho Electronics Research Institute, and the relevant patented technologies are also under the name of Kumho Electronics Research Institute. A movement factory has already made other DVD player manufacturers noisy, and Zhang Ke doesn't want to use Kumho's chips on the third-generation decoding chip to test the heart tolerance of Xie Jiannan and others. Of course, too many high-quality assets are placed under the umbrella of Aida Electronics, and the scale of the final public issuance will be even larger, and the difficulty of the success of the plan will naturally increase, which is also a realistic consideration, everything must be just right.

Sun Shangyi was worried that Zhang Ke would take away some core technologies, but when he learned all of Zhang Ke's thoughts, he put his mind at ease, Zhang Ke did not treat Hong Kong investors as fools, and did not only take a few processing plants to sell for billions of delusions.

It is precisely because of this that Sun Shangyi, Ge Mingde, and Fu Jiajun have a detailed understanding of the technical advantages of AIDA Electronics in the disc machine industry, of course, the full set of manufacturing technology of the disc machine movement is the part with core value, and it is also the core advantage of Aida Electronics that is not afraid of the challenges of other disc machine manufacturers in the same industry.

The third-generation decoder chip is naturally out of the scope of discussion.

As the sun set, in the reading room on the third floor of the staff cafeteria, Sun Shangyi, Ge Mingde, Fu Jiajun, Ye Jianbin and Zhang Ke almost all gathered together to carefully study the feasibility of this plan.

Unconsciously, it was already dark outside, and the employees entered the restaurant one after another, Xie Wanqing, Su Jindong, and Ding Huai also rushed over to deal with the affairs at hand today, and Zhang Ke had discussed relevant issues with the three of them before; Fu Jun and Ma Hailong saw that Zhang Ke still had no intention of stopping, so they simply ordered the manager of the staff restaurant to temporarily close the activity room on the third floor, and later Xu Si would accompany Ge Mingjue, Sun Jingxiang, Jiang Daier, Ge Mingde, and Fu Jiajun's families to come over for dinner, and arrange it on the third floor, and Xu Si would accompany them to climb Elephant Mountain in the afternoon. After the frost falls, the leaves of the cogscarus trees on the elephant mountain are purple-red, and they are not all withered, it is a good time to enjoy the scenery, Zhang Ke also specially asked the uncle Zhang Zhifei and the little aunt to take time out to accompany these guests from Hong Kong.

Zhang Ke didn't want to eat here, but they couldn't let others wait for them on an empty stomach. When he saw Ye Jianbin and his wife Ding Wenyi pulling Sun Jingxiang to discuss the nail polish on his fingers, Zhang Ke's heart was cold, and he didn't know how Ye Jianbin kept his composure.

Ye Jianbin pulled Zhang Ke aside and asked him in a low voice, "Why are they all arranged together?" ”

"I don't know," Zhang Ke spread his hands, "There are so many things, it is inevitable that there are some bad things, and it depends on the situation that things have not been pierced, and there is time to redeem them." ”

Ye Jianbin hated and didn't dare to say anything.

In short, Ding Wenyi and Sun Jingxiang were cleverly divided into two dining tables, Sun Jingxiang gritted her teeth and waved her fist at Zhang Ke, probably to deal with Ding Wenyi's unintentional enthusiasm, which made her quite confused. Zhang Ke still spread his hands, showing that he was innocent, Xu Si looked embarrassed, Ding Wenyi was Xie Wanqing's assistant Zhang Ting was in charge of the reception, the two sides did not communicate well, and they met on Xiangshan.

Zhang Ke was also uncomfortable, he had to accept Xu Wei's questioning gaze, and the explanation given to her before was that Xu Si was just an ordinary employee of Wanqing's company sent to Hong Kong, and Xu Wei was not a fool, how could she not see the gap between ordinary employees and the company's senior managers? Xu Wei is going to Hong Kong to be Sun Jingxiang's assistant, there are some things that can't be hidden from her, and besides, she knows enough things, and she can't fool her for long under the guise of Wanqing. Zhang Ke could only sit at the same table with Ye Jianbin and ignore Xu Wei's questioning gaze, she could see as much as she could, and there was no superfluous explanation.

This meal is really weird, Sun Shangyi, Ge Mingde and others are completely focused on the plan proposed by Zhang Ke, hurriedly picked up two mouthfuls of rice, and wanted to pull Zhang Ke and Ye Jianbin to the reading room next door to continue the discussion just now, Sun Shangyi also asked Zhang Ke more: "Miss Xu Si should be the agent of AIDA Electronics in Hong Kong, right?" ”

Ge Mingjue complained and smiled: "Really, wherever you go, you can't always lose your business, you don't want to eat, you have to take care of others." ”

Zhang Ke hurriedly beckoned Xu Si to follow, and asked the uncle to accompany everyone to finish eating, and by the way, visit the electronics industrial park at night.

Xu Wei watched her sister Xu Si follow Zhang Ke, Sun Shangyi, Ge Mingde, Fu Jiajun, Su Jindong, Ding Huai, Xie Wanjing, Ye Jianbin and others into the reading room next door, and the so-called business, Sun Jingxiang and others are not qualified to participate, saying that even Zhang Ke's uncle accompanied them to eat outside, frowning slightly, with doubts in his heart that could not be asked.

With the return of Hong Kong, the listing of domestic enterprises in Hong Kong will be warmly welcomed by investment institutions and investors.

In addition to Tianshi, Sun Shangyi and Ge Mingde have a certain influence and connections in Hong Kong's financial circles.

Aida Electronics has a strong position in the emerging disc machine market that cannot be shaken by peer manufacturers, which can probably be called geographically advantageous.

Even so, it is extremely complicated and difficult to put Aida Electronics, which is six or seven times larger in the valuation scale, into Jiaxin Industrial through the form of public issuance of additional shares in the Hong Kong stock market, but as long as this step is completed, Jiaxin Industrial can almost be called a step to the sky and become a leading enterprise in the electronics industry in the Hong Kong stock market.

It's an exciting plan to think about.

Although Sun Shangyi was worried that the whole plan was too big, he put all his thoughts into discussing it.

After Ge Jingcheng suffered a stroke at the beginning of the year, his health deteriorated, and he hung his life in the Ge family's family hospital, Hong Kong Cheung Kwai Hospital, and he had little time to wake up every day, and he had to finish his life in a blur. At this time, the children born to Ge Jingcheng's three-room wife launched a fierce battle for the control of the companies under Ge's name, and the main high-quality assets of the Ge family's business, including Hong Kong Changkui Hospital, Hong Kong-listed Jiaxin Real Estate Development Group and Hong Kong-listed Jiaxin Microelectronics Group's Ge family's shares, a total of more than 30 billion huge assets are placed under the Ge family's wholly-owned holding company, Jiaxin Group, and other less important company assets have been directly attributed to each person's name over the years. It is no longer within the scope of Ge Jingcheng's posthumous estate. Ge Mingxin, the current chairman and president of Jiaxin Group, Ge Yingcheng's eldest son, wants to drive out the children born to Ge Jingcheng's other two wives and some Ge family members, and he will be in charge of Jiaxin Group alone; Sun Shangyi's wife Ge Mingjue was born to Ge Jingcheng's third wife, and he was not happy in the Jiaxin Group during this time.

Ge Mingxin so excluded dissidents, Sun Shangyi knew in his heart that as soon as his father-in-law Ge Jingcheng died, the entire Ge family would fall apart, and Jiaxin Group could not be a complete Jiaxin Group, and its corporate assets would also be split into the names of the surviving second-room wives and children. Sun Shangyi also knew that if his father-in-law Ge Jingcheng did not have a special will, according to the current laws of Hong Kong, Changfang Ge Mingxin would not only be able to continue half of the family property in his mother's name as Mrs. Changfang, but would also share the remaining half of the family property equally with other children. However, Ge Yinjun, as the eldest son and eldest grandson, is also the most favored by Ge Jingcheng on weekdays, and now he has tens of millions of Hong Kong dollars in assets under his name, all of which have been privately donated by Ge Jingcheng over the years, and other grandsons and granddaughters have never received such generous love from Ge Jingcheng.

Sun Shangyi can see the future outcome of Jiaxin Group, there is really no need to intrigue and waste time in the position of senior vice president of Jiaxin Group, but he didn't particularly want to do anything before, and now is a good time to take the initiative to withdraw from that mess.