Chapter 457: Secret discussion in the afternoon

The cruel market competition is not good for Aida Electronics, not to mention that it also promised Tang Xueqian to take into account the overall economic development of Haizhou City. The existence of Kewang is beneficial to promoting the further development of Haizhou City's electronic industry.

Aida shocked other peer manufacturers with a strong attitude and actively lowered its market targets for the next year, giving Kewang, BBK, and Aido a little more relaxed living space, which is conducive to stabilizing the current disc player market and is also to facilitate the rapid promotion of super VCDs. The main reason is that Zhang Ke wants to place Aida Electronics into Chiaxin Industrial by mid-next year. How can the majority of Hong Kong investors see the bloody disc player market?

The air conditioner inside, the sun shines in, making people feel warm in the afternoon of spring. There are a few young employees in the reading room sitting in front of the window reading newspapers, and there are also low-key conversations. You can hear the sound of billiard balls in the next table tennis room. Zhang Ke leaned lazily on the curved backrest of the sofa chair, as if he was just talking about a very ordinary topic just now.

Sun Shangyi, Ge Mingde, Fu Jiajun, and Ye Jianbin all sat up straight and looked at Zhang Ke to see if he was joking. Zhang Ke shone the sunlight directly on his face and squinted his eyes.

Among the five people sitting around this simple glass table, Fu Jiajun is the president of Jiaxin Industrial, with an individual holding of about 1% of the shares. Ye Jia also officially owns a stake in Jiaxin Industrial in the Xiangxuehai joint venture case, with a 10% stake. 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 this year can reach 4 billion?"

"It's almost the same, even if it's almost the same, it's not much." Zhang Ke replied.

"Can Ida Electronics achieve a net profit of one billion?" When talking about this step, Sun Shangyi would not avoid some sensitive issues.

"It's almost the same, even if it's almost the same, it's not much."

“This year is Ida’s first tax avoidance year?”

"Yes."

"Aida Electronics has been established for a short time. You can use the average price-to-earnings ratio and price-to-book ratio of the Hong Kong stock market and the price-to-book ratio to measure the market value. You can give a valuation of 4 billion to 6 billion," Sun Shangyi leaned over. He was not unhappy with Zhang Ke's plan, but he just felt it was too incredible. "Caishin Industrial's current market value is only 1 billion Hong Kong dollars. If you want to implement this plan, it is no different from the snake swallowing an elephant."

What is shorting? When the stock market reaches its peak, split the company's assets into shares and sell them to investors to cash out. This is the essential short selling; when the stock market is sluggish, you only need to spend a small part of the funds to sell the shares from the investors, which is a complete band. In this process, Chiaxin Industrial is just a borrowed tool. Of course, this is also of great benefit to Chiaxin Industrial. Chiaxin Industrial injects high-quality and popular assets in the market, and its value will also rise.

Carsin Industrial and Yuexiu (Hong Kong) have joined forces to carry out two relatively large asset injection actions, one was to place the full agency rights of Ida Electronics in the Southeast Asian market into Carsin Industrial (now seems that this is just the prelude to Zhang Ke’s injection of the entire Ida Electronics into Carsin Industrial), and the other was to hold a joint venture in Huishan Xiangxuehai. Although the shares in Sun Shangyi and Ge Mingde were diluted (this is inevitable), the return they received was that Carsin Industrial changed from a listed company that was in a dull and might fall into a bankruptcy abyss to an emerging enterprise with vigorous and development potential. Although it is difficult for the company’s net assets to grow dramatically in a short period of time, the market value of the stocks held by Ge Mingde and others increased several times.

This asset injection plan is not ordinary assets, but an asset of a company with an absolute market position in emerging industries. Sun Shangyi, Ge Mingde, Ye Jianbin and Fu Jiajun are all very tempted, but they are worried that Jiaxin Industrial is too small and that it is difficult to get the market's recognition of stocks with an additional issuance of six or seven times its own market value. If it is not recognized by the market, no matter how perfect the plan is, it is useless and miserable, and I am afraid that even the issuance fee will not be recovered.

However, it has to be admitted that this is a bold and amazing plan, a plan that makes people excited.

"This time you are invited to Haizhou to discuss these issues," Zhang Ke did not pretend to be profound or take any posture, and sat upright, and said, "I have passed on Vice Minister Ye's article to you. I agree with his point of view..." Ye Jianbin patted his forehead, and said nothing, and continued to listen to Zhang Ke's nonsense. "Although Vice Minister Ye's view has been criticized by mainstream economists at home and abroad, Ida Electronics will tell Vice Minister Ye about the possibility of turmoil in Asia.

The viewpoint is the fundamental basis for future development plans, which is also the main reason why I do not advocate the development of the Southeast Asian disc player market now. Of course, we cannot give up the food because of the choke. The Southeast Asian disc player market also needs to be gradually started, but it is not the focus of Jiaxin Industrial's recent work..." Ye Jianbin also did not believe that the Asian economic situation will inevitably undergo severe turmoil. The financial system itself has a certain self-regulation ability. Southeast Asian governments may also use state power to correct economies.

The disadvantages in the department are that it is advisable to make appropriate moves in Southeast Asian disc player market at this time, but not overly aggressive actions are desirable. Zhang Ke continued, "Once the Asian economic situation turmoil occurs, Hong Kong will naturally not be able to survive alone. This is my judgment; I also have a judgment that is the same as the current mainstream view of Hong Kong's financial industry: Hong Kong returns in July next year, and domestic enterprises will be sought after in Hong Kong. Deputy Minister Ye's view has no market in Hong Kong, so I think domestic enterprises will be welcomed in Hong Kong.

It is almost certain to pursue it. Many Hong Kong investment institutions are probably preparing to make a big move for this? Will these two trends of judgment happen, the extent of occurrence, the depth of impact, and the time before and after are all issues I am considering. Not to mention the development of the Asian economic trend, starting from general economic laws, the degree of domestic enterprises being sought after will probably reach a peak on the eve of Hong Kong's return. I hope to cash out Aida Electronics in the time before that!"

It is only the end of November, and Hong Kong will return next year, and there are still seven months left. Time is still quite good. Sun Shangyi nodded and said: "The Asian economic situation is really as Vice Minister Ye predicted that it will issue some fluctuations. It is appropriate to rush to go public by placing additional issuance before Hong Kong returns. However, in my opinion, Ida Electronics has such good growth in the future, and the domestic market has enough potential to tap. I think even if Ada Electronics does not go public through backdoor listing, it will not suffer any losses..." Some of Ada Electronics' rights and interests in the Southeast Asian market have been placed in Chiaxin Industrial. As long as the domestic economic situation is not affected, the impact on Ada Electronics will be extremely small.

Sun Shangyi did not expect that Zhang Ke asked Aida Electronics to actively lower the market target for the next year and gave up some living space for DVD player manufacturers such as Kewang, Bubugao, and Aido. However, these companies will not be satisfied with these living spaces. They cannot compete directly with Aida in the domestic market, and they can only actively explore the markets of emerging overseas countries. Southeast Asia is the nearest market. Zhang Ke gave a narrow road, almost not allowed companies such as Kewang, Bubugao, and Aido to refuse. However, the Asian financial crisis hit and the Southeast Asian market was set. These companies must release their excess production capacity to the domestic market to survive. Aida Electronics' deterrent power can no longer prevent the bloody storm of the domestic disc player market.

The only thing that can be confirmed is that Aida Electronics, which has a huge cost advantage and technological advantage, will certainly not be afraid of such a bloody storm. Instead, it will be an excellent time for Aida Electronics to reshuffle the domestic disc player market.

If Zhang Ke wants to successfully implement his plan, it is not feasible to leave Sun Shangyi, so they must have enough understanding of the causal relationship between the plan. Zhang Ke patiently planned to express his whole heart one by one in the afternoon sunshine.

Of course, in Sun Shangyi's view, the most basic basis for Zhang Ke to put forward this plan is the judgment of the Asian economic situation in the article posted by Ye Zhenmin. Although he may not agree with Ye Zhenmin's view, Zhang Ke's strong confidence still touched him.

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

Putting aside Ye Zhenmin's judgment on the Asian economic trend, this plan can also be called perfect.

Xinguang Paper, a subsidiary of Kumho, sold a huge investment plan of 6 billion at the beginning of the year, requiring large amounts of funds to be filled in, which itself determines that Zhang Ke needs to sell Aida Electronics to cash out.

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

Of course, there is no conflict of interest between them and Zhang Ke.

Zhang Ke naturally hopes that the higher the valuation of Aida Electronics' assets, the more funds they embezzle, the better; for Sun Shangyi, Ge Mingde, and the Ye family, the higher the valuation of Aida Electronics and the greater the total value of the additional stocks issued in the Hong Kong stock market, the greater the dilution of the equity of Chia Xin Industrial in their hands, and the smaller the future appreciation space for the stock.

Of course, one thing is certain. First of all, we must ensure that the public issuance plan can be recognized by the market.

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

To achieve this, in addition to Aida Electronics' factories, including components branch and the upcoming movement factory, Zhang Ke also placed the audio-visual technology research room in Kumho Electronics Research Institute as the R&D department of Aida Electronics and patented technologies related to discs, and 50% of the equity of Tate Optoelectronics Research Institute under Aida Electronics, indicating to Hong Kong investors that Aida Electronics has long-term optimistic development prospects in the discs.

The cooperation between TI and Scooper on the development of third-generation decoding chips was carried out in the name of Kumho Electronics Research Institute, and the relevant patented technologies were also under the name of Kumho Electronics Research Institute. It was not that Zhang Ke was greedy for hundreds of millions of profits, but that the plan was implemented. The relevant information must be reported to the Hong Kong Securities Regulatory Commission and made it public to Hong Kong investors. A movement factory has already made other DVD manufacturers panic. Zhang Ke did not want to use Kumho's chips on the third-generation decoding chips to test the heartbeatability of Xie Jiannan and others. Of course, if too many high-quality assets are placed under Ida Electronics, the scale of the public issuance will be even larger in the end, and the difficulty of success of the plan will naturally increase. This is also a realistic consideration. Everything must be just right.

Sun Shangyi was worried that Zhang Ke would remove some core technologies, but when he learned all of Zhang Ke’s thoughts, he felt relieved. Zhang Ke did not fool Hong Kong investors, nor did he have the delusion of selling several billion yuan to a few processing plants.

It is also true that Sun Shangyi, Ge Mingde and Fu Jiajun learned in detail about the technical advantages of Aida Electronics in the disc machine industry. Of course, the complete set of manufacturing technology of disc machine movements is the part that has core value, and it is also the core advantage of Aida Electronics not afraid of other intermediary disc machine manufacturers.

The third-generation decoding chip is naturally not within the scope of discussion.

The sun sets in the middle of the reading room on the third floor of the employee restaurant. Sun Shangyi, Ge Mingde, Fu Jiajun, Ye Jianbin and Zhang Ke almost all got together to study the feasibility of this plan carefully. Fu Jun and Ma Hailong stood on the periphery to prevent employees entering the reading room from approaching and disturbing them or hearing secrets that they shouldn't have heard.

Before we knew it, it was already dark outside, and employees entered the restaurant to have dinner one after another. Xie Wanqing, Su Jindong, and Ding Huai handled the affairs at hand today and rushed over. Zhang Ke had discussed related issues with the three of them before. Seeing that Zhang Ke and the others had not stopped, Fu Jun and Ma Hailong simply ordered the staff to temporarily close the activity room on the third floor. Xu Si would accompany Ge Mingjue, Sun Jingxiang, Jiang Daier, Ge Mingde, and Fu Jiajun's family to come for dinner. Just arrange it on the third floor. Xu Si accompanied them to climb Xiangshan in the afternoon. After the frost, the yellow leaves on Xiangshan were purple-red, and they did not wither. It was a good time to enjoy the scenery. Zhang Ke also asked his uncle Zhang Zhifei and his aunt to take time to accompany these guests from Hong Kong.

Zhang Ke and the others didn't mean to eat, but they couldn't let others wait for them on an empty stomach. When they saw Ye Jianbin's wife Ding Wenyi pulling Sun Jingxiang to discuss the nail polish on their fingers, Zhang Ke felt cold and didn't know how Ye Jianbin kept calm.

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

"I don't know either," Zhang Ke spread his hands, "So many things are inevitable. It's hard to avoid being a bit bad, depending on the situation, and there is no time to recover."

Ye Jianbin was so angry that he didn't dare to say anything more.

In short, Ding Wenyi and Sun Jingxiang were cleverly divided into two dining tables. Sun Jingxiang waved her fists at Zhang Ke with gritted teeth, probably confusing her to deal with Ding Wenyi's unintentional enthusiasm. Zhang Ke still spread his hands to show that he was innocent, but Xu Si looked embarrassed. Ding Wenyi was Xie Wanqing's assistant Zhang Ting was responsible for the reception. He did not communicate well on both sides and met her on Xiangshan.

Zhang Ke was not feeling well and wanted to accept Xu Wei's questioning gaze. The explanation she gave to her before was that Xu Si was just an ordinary employee sent to Hong Kong from Wanqing's company. Xu Wei is not a fool. How could she not see the difference between ordinary employees and senior management of the company? Xu Wei was going to Hong Kong to be an assistant to Sun Jingxiang, and some things could no longer be hidden from her. Besides, she knew enough, and using Wanqing as a guise would not deceive her for long. Zhang Ke could only sit at the same table with Ye Jianbin, ignoring Xu Wei's questioning gaze. She could only see as much as she could, but there was no extra explanation.

The meal was really weird. Sun Shangyi, Ge Mingde and others were all thinking about the plan proposed by Zhang Ke. They hurriedly took a few bites of the meal and wanted to pull Zhang Ke. Ye Jianbin and others went to the reading room next door to continue the discussion just now. Sun Shangyi asked Zhang Ke more: "Ms. Xu Si should be the agent of Aida Electronics in Hong Kong, right?"

Ge Mingjue complained and said, "It's true, you can't throw your business away wherever you go. If you don't want to eat, you have to take care of others."

Zhang Ke quickly waved to Xu Si to follow him, and asked his uncle to accompany everyone to finish the meal, and to 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 walk into the reading room next door. However, Sun Jingxiang and others are not qualified to participate in the so-called business, saying that even Zhang Ke's uncle was eating outside with them, with his brows slightly frowning, and he felt a doubt that he could not ask.

When Hong Kong returns, domestic companies will be listed in Hong Kong and will be popular among investment institutions and investors. This is the time.

In addition to the time, Sun Shangyi and Ge Mingde have a certain influence and connections in the Hong Kong financial industry, which is human harmony.

Aida Electronics has a strong position that cannot be shaken by its peers in the emerging disc player market, which is probably a good place.

Even so, it is extremely complicated and difficult to put Aida Electronics, which is six or seven times larger in the form of publicly issuing additional stocks in the Hong Kong stock market, into Chiaxin Industrial. However, as long as this step is completed, Chiaxin Industrial can almost become a leading company in the Hong Kong stock market electronics industry.

This plan is exciting to think about.

Although Sun Shangyi was worried that the whole plan would be too large, he devoted all his thoughts when discussing it.

After Ge Jingcheng suffered a stroke in the early years, his health was getting worse and worse. He was hanging his life in the Hong Kong Changkui Hospital, the family hospital of the Ge family. He had very little time to wake up every day and had to go through his life in a daze. At this time, the children born to Ge Jingcheng's three-bedroom wife started a fierce open and secret battle over the control of the companies under Ge. The main high-quality assets of the Ge family, including Hong Kong Changkui Hospital, Hong Kong listed company Charles Schwain Real Estate Development Group and Hong Kong listed company Charles Schwain Microelectronics Group, had a total of more than 30 billion yuan in equity.

All the property is under the Charleston Group, wholly-owned company of the Ge family. Over the years, some other less important company assets have been directly classified under the names of each person and are no longer within the scope of the inheritance of Ge Jingcheng after Ge Jingcheng's death. Ge Yingcheng's current chairman and president, Ge Mingxin, the eldest son of Ge Yingcheng, thought of driving out the children of Ge Jingcheng's other two wives and some of the Ge family's side families out of the Charleston Group, and he was alone in the Charleston Group; Sun Shangyi's wife Ge Mingjue was born to Ge Jingcheng's third wife, and he was not happy in the Charleston Group during this period.

Sun Shangyi knew that when Ge Mingxin was so excluding dissidents, he knew that once his father-in-law Ge Jingcheng died, the entire Ge family would fall apart. The Chiaxin Group could not be a complete Chiaxin Group, and its corporate assets would be split into the names of the second wife and children who still existed. Sun Shangyi also knew that if his father-in-law Ge Jingcheng had no special will, according to the current Hong Kong law, the Chiaxin Ge Mingxin could not only continue half of the property of his mother as the eldest wife, but also share half of the remaining property with other children. As for grandchildren and granddaughter, it depends on whether Ge Jingcheng made special arrangements in the will. However, as the eldest son and grandson, Ge Yinjun was most favored by Ge Jingcheng on weekdays. Now his assets of tens of millions of Hong Kong dollars are all given privately to Ge Jingcheng over the years. Other grandchildren and granddaughters have never received such generous love from Ge Jingcheng.

Sun Shangyi can see the future ending of Charles Schwab Group. There is really no need to waste his time in the position of senior vice president of Charles Schwab Group. However, there was nothing that he wanted to do before. Now is a good time to voluntarily withdraw from the chaos.
Chapter completed!