There is a garden on the east and west sides of the Bank of China Building, with flowing water, waterfalls, strange stones and trees in the garden. The flowing water gurgles down the terrain. From a practical point of view, the sound of gurgling water can also absorb the traffic noise from the surrounding elevated roads. However, traditional Hong Kong people like Ge Mingde think that the gurgling water represents endless wealth. The "harmonious" copper sculptures stand on the southwest corner of the building, and the two huge bronze statues are very eye-catching against the gray granite.

Zhang Ke stood in front of the Bank of China Building, looking at the three-story stone pier, and upwards was the glass curtain wall reflecting the color of the sky. He stared at the two poles on the roof for a while, making people dazzled.

It seemed that as long as he took a step forward, he realized that he would really step into the ranks of wealthy Chinese businessmen. However, Zhang Ke meaningfully appreciated the most famous high-rise building in Asia in 1996. Sun Shangyi, Ge Mingde, Zhou You, Xu Si and others were all patiently waiting for him to express his meaningless leisure and leisure.

Lu Lujin, senior vice president of Yinheng Securities, and his assistants have been waiting for the arrival of Zhang Ke, Sun Shangyi, Ge Mingde and his group in the square in front of the business hall of the Bank of China Building.

Lu Lujin and Sun Shangyi saw their cars driving into the temporary parking lot in front of the building by phone. When they saw Sun Shangyi and his group came out of the business car, they did not rush to come to them. Instead, they walked to the southwest corner of the Bank of China Building to take a closer look at the magnificent buildings.

The staff of Yinheng Securities couldn't help but curl up. In this era, senior staff who entered a famous securities company can be called the pride of this era. They really don't take the rich people from the mainland from the mainland to see them. However, Lu Lujin stood patiently waiting for Sun Shangyi and his group to come. He heard Sun Shangyi say that the founder of Aida Electronics was too young. When he saw Zhang Ke walking slowly with crutches, he thought to himself: It's indeed too young and elegant.

These days, he has carefully read and analyzed the information he can collect. This is an emerging high-tech enterprise that has risen with the rise of the mainland disc player market in two years. Unlike the private mainland enterprises he had previously thought, even if he was picky with a strict eye, he could not see that the company had obvious flaws that could be accused in the management process. Of course, this is just the feeling obtained from the information and documents, so Lu Lujin wanted to go to Haizhou for on-site observation as soon as possible.

Recently, Kewang Electric has become famous in Hong Kong because of its cooperation with Charles Schwab Electronics. However, in real comparison, Kewang Electric has too much gap with Aida Electronics. From the complete information submitted by Aida Electronics, Aida Electronics has advanced preparations in patented technologies such as system control chips and power control chips. In the current mainstream disc machine shape, Aida Electronics not only has the ability to make ultra-thin bodies, but also proposed the concept of mobile VCD with its own LCD screen. The corresponding patented technology research and development has also been carried out, especially the recent movement factory project with a joint venture with TI in the United States, which undoubtedly established Aida Electronics' leading position in the disc machine industry.

It is an indisputable fact that overseas electronic giants such as TI in the United States can gain the trust of Hong Kong investors. Moreover, some of the patented technologies required by movement factories actually came to another overseas electronic giant Philips, which naturally makes people look forward to this company. What special courage can bring these two well-known overseas electronic giants to their cooperation?

A private enterprise in the mainland has risen miraculously and rapidly in an unknown city, and this process itself is full of curiosity.

This is the first time Zhang Ke has come into contact with people from Hong Kong securities industry. He looks at them almost with pity. Although they are dressed in a pretty good manner now, there is only more than half a year left. Judging from the overall economic situation, they will not be able to breathe a sigh of relief until seven years later.

The result of the preliminary negotiation was that Yinheng Securities provided operational guidance and business services to the entire issuance plan of Charles Schwab Industrial. It also required an accountant and asset appraisal firm to conduct a comprehensive investigation of Aida Electronics disc machine business and provide an authoritative appraisal report before further negotiating and discussing the issues of underwriting methods and underwriting costs. Of course, Yinheng Securities also proposed that in order to further improve Aida Electronics' financial structure, two Hong Kong investment institutions will be recommended to participate in Aida Electronics.

Since Aida Electronics was registered as a joint-stock company, the total number of shares has not changed much. The total number of shares, including Zhou You, Jiang Wei, Lu Qingsheng and others, increased from 10 million shares to about 104 million shares. According to Aida Electronics' financial level in 1996, the net assets per share reached 40 yuan, and the profit per share reached 100 yuan.

Zhang Ke is very clear that if the additional issuance plan is implemented smoothly, it is inevitable that it will give up more benefits to the issuing brokerage firms. This is almost a piece that domestic companies must exploit when they move to the overseas capital market. The so-called two Hong Kong investment institutions recommended by Yinheng Securities are naturally the interest-related institutions of Yinheng Securities. Zhang Ke agreed to issue no more than one million shares to these two institutions at a price of 40 US dollars per share.

This behavior of non-listed joint-stock companies issuing additional shares in a targeted manner to overseas investors or institutions is an overseas private equity in the ordinary sense. According to the agreement of Hong Kong lawyers on joint-stock companies, the shares participating in targeted additional shares can be transferred after six months. That is to say, after six months, the additional issuance plan will be implemented smoothly, and this part of the stock will be converted into stocks publicly issued by Charles Schwab Industrial, and the investment institutions can reduce their holdings in the Hong Kong stock market to make profits.

The profits of this part are usually several times the issuance fee.

This is also beneficial to Aida Electronics. Driven by common interests, Yinheng Securities will naturally promote the implementation of the additional issuance plan more actively; the targeted issuance of one million shares will not have obvious effect on the profit dilution of other shares. Aida Electronics can obtain 40 million US dollars of working capital, which can completely solve Aida Electronics' funding problem and increase its net assets per share to about 70 yuan.

Due to the participation of international institutions, the value of Aida Electronics naturally has a reference benchmark. Excluding the intangible assets of Kumho Electronic Technology Research Institute, Tate Optoelectronics Technology Research Institute and Aida Electronics trademark, Aida Electronics - including electronic component subsidiaries, group companies, assembly factories, precision mold factories, movement factory joint venture projects and other physical assets, as well as equity assets held by parts supply companies, and also include permanent authorization and licenses for Aida Electronics trademark audio-visual disc machines. Various audio-visual patented technologies include system control chip technology, video encoding chip technology, audio signal processing chip technology, audio effect chip technology, digital signal processing chip technology, complete single and three-disc movement manufacturing patent technology and other intangible assets - with assets value reaching 400 million US dollars.

Of course, after the additional issuance and merger plan is passed, the market value of Aida Electronics is far greater than this number. The investment institutions recommended by Yinheng Securities spent a huge amount of money to participate in the shares at this time, hoping to obtain at least double the returns after the additional issuance and merger plan is implemented.

Zhang Ke had previously asked the domestic accounting firm to make a complete financial report, and frozen Yuexiu (Company)'s 30% of the shares of Chessin Industrial with a market value of nearly HK$300 million, to provide integrity guarantees for this financial report. On December 30, he signed a fundraising agreement with two investment institutions recommended by Yinheng Securities.

This is mainly because Zhang Ke strongly demanded that the additional issuance plan be completed before June 1997. According to Hong Kong's legal provisions that shareholders must be transferred after six months of holdings, if an investment institution wants to sell its shares to make a profit when Charles Schwab Industrial openly issues additional shares, it must immediately sign a shareholding agreement with Aida Electronics. Fortunately, Zhang Ke can provide full credit guarantee assets, otherwise it will be difficult for both parties to reach an agreement on this issue.

Of course, to complete the entire additional issuance plan, it is also necessary to recommend Yinheng Securities, accounting firms, asset appraisal firms and law firms jointly selected by Charles Schwab Industrial and Aida Electronics to issue complete financial, asset appraisal firms and law firms to Aida Electronics. In addition, there is also a professional appraisal report on the technical value of disc machine audio-visual patents. In short, it is a very professional and tedious task. Although Zhang Ke has done a lot of work before, it cannot reduce the entire process. It is still very urgent to implement this plan in May and June 1997.

On January 3, Guoyu Investment, a Hong Kong company listed on the London Stock Exchange in the UK, was involved in this targeted additional investment, issued an announcement stating that it has signed an agreement to inject US$20 million into Aida Electronics, a leading domestic disc machine manufacturer, in exchange for 500,000 shares of stocks.

This was an inconspicuous piece of news, but Guoyu Group, the holding parent company of Guoyu Company, was listed on the Hong Kong Stock Exchange, and Guoyu Group also issued an announcement at the same time.

Xie Jiannan was flying from Haizhou to Hong Kong again to invite Ge Mingxin. Ge Yinjun went to Haizhou to attend the groundbreaking ceremony of Kewang R&D Center. He was mixed with emotion when he heard this news. They were willing to sell the interests of their ally Jincheng Group. After Kewang transferred 10% of the shares to Caixin Electronics, he received less than 50 million Hong Kong dollars in capital injection. Aida Electronics transferred less than 5% of the shares and received a capital injection of 20 million US dollars. This is the British-listed Hong Kong company Guoyu Investment gave Aida Electronics a valuation of 400 million US dollars in capital and 3.2 billion RMB.

Although Aida Electronics made huge profits in 1996, Kumho and Haiyu transferred most of their profits. Xie Jiannan estimated that Aida Electronics' net assets were between 300 million and 400 million, and their shareholders invested more than 300 million real money in Kewang. This huge valuation gap is less than one-sixth of Aida Electronics. Is it just because they are one year behind?

Xie Jiannan's mood was really bad after arriving in Hong Kong.

He was full of confidence in his cooperation with Charles Schwab Electronics. He previously believed that as long as he obtained the technology, human resources, funds and other assistance from Charles Schwab Electronics, Kewang could quickly shorten the gap with Aida Electronics. Moreover, at the end of 1997, as the CCTV advertising bidder, Kewang had a clear advantage in market information resources. However, Kewang was working hard, and Aida Electronics did not stop. Kewang introduced a capital injection of HK$5,000, and Aida Electronics immediately introduced a capital injection of US$20 million.

Unfortunately, Xie Jiannan received a call from Zhang Xiaojian in the evening. Aida Electronics reported more than 20 million US dollars to the Provincial Foreign Exchange Management Branch and the Municipal Bureau of Industry and Commerce and other departments, but doubled.

On January 5, Zhang Ke removed the right foot cast at the Changkui Hospital, Hong Kong donated by the Ge family. He did not move his right foot for a month, his muscles atrophy, and his feet were together, which was obvious difference. Sun Shangyi also recommended the rehabilitation doctor of Changkui Hospital to Zhang Ke. Even if Zhang Ke returns to Haizhou, the rehabilitation doctor can guide him in rehabilitation exercises.

On the plane from Hong Kong to Jianye, Sun Shangyi also talked about this.

This time, they were in business class. In addition to their group, there were also Lu Lujin, senior vice president of Yinheng Securities, and his group. In addition to Zhang Ke, Fu Jun, and Ma Hailong, everyone else was a member of the additional issuance and merger plan team. In addition, Su Jindong, Jiang Wei, Zhou Moping and others who were also in Haizhou were also included.

They booked the business class of the flight to Jianye, which was not a luxury. The key was that they could not have more seats when they sat down, and they were not afraid of others hearing any commercial secrets when they chatted.

When Lu Lujin heard their conversation, he said strangely: "Sister Ke does not have a special rehabilitation doctor, I may recommend it to Ke Shao..." After just over ten days of contact, he was also very impressed by Zhang Ke's own demeanor, business talent, and his mastery of finance, business knowledge, and negotiation skills. He believed that some people were born beyond the reach of ordinary people.

Zhang Ke smiled and refused, "I am not that delicate, and Haizhou is not without a rehabilitation doctor. I saw that I would recover after walking a few more days. I am not a sprinter in my future life. I can't afford to lose any mistakes..." He turned around and said to Sun Shangyi, "Hong Kong's human resources cost is the highest. The starting salary of a university graduate is 10,000 Hong Kong dollars. Hiring a special rehabilitation doctor, plus other expenses, returning to Haizhou is enough to ask twenty senior doctors to redirect me..."

Zhou You smiled and said, "It's enough to ask two young and beautiful nurses to accompany you to run away."

"This is a good suggestion," Zhang Ke echoed and joked.

Xu Si's beautiful eyes opened slightly, and she said with a smile: "I want to see you go back to Haizhou to find two beautiful nurses to accompany you..."

"It's just thinking about it here..." Zhang Ke smiled. Xu Si would not stay in Haizhou for too long, but thinking of Tang Jing, Wan Qing would accompany her to do rehabilitation exercises, which is no worse than finding two beautiful nurses.

Lu Lujin has become accustomed to Zhang Ke's tone that is not too serious. He smiled helplessly and said, "You may always enjoy a more refined life now. Mr. Zhou is worth tens of millions of dollars now, and is more developed than me..." Lu Lujin is a Guangzhou native who came to Hong Kong in the early 1980s. He has been in Hong Kong for more than ten years and has been in the position of senior professional manager for five or six years. With an income of nearly ten million Hong Kong dollars a year, he has become accustomed to enjoying the exquisite life of Hong Kong rich people. However, he also knows that the next ten years will be the golden age for wealth creation in the mainland. For example, Zhouyou and other elites who are considered top talents in the Hong Kong business world, the key is that they have enough enterprising and hard-working spirit. It is only a matter of time to obtain wealth. He smiled and said, "This time, Aida Electronics has spawned a group of rich people in Haizhou. It is also necessary to enjoy a refined life..."

After the implementation of the equity incentive plan implemented in the end of 1995, Zhou You received a reward of 100,000 shares of Aida Electronics. The dividends of these 100,000 shares will reach 6 million yuan in 1996. For reference, the value of this private equity price will reach 4 million US dollars. Cai Feijuan, Jiang Wei, Lu Qingsheng, and Yang Zhipu, general manager of the components branch, and two chief engineers who have made outstanding contributions to audio-visual technology research and development of Jinhu Electronic Technology Research Institute will successfully enter the ranks of millionaires. At the end of 1996, Zhang Ke will sign the equity incentive plan when he returns to Haizhou this time, which will reward managers including Yang Yun and other first-level department managers.

The stocks waiting can give birth to a group of millionaires. Su Jindong and Ding Huai hold a total of 500,000 shares. Regardless of dividends in 1996, the assets under each person's name will reach 20 million US dollars. These financial details will naturally be disclosed to the members of the Executive Group of the Additional Issuance and Mergers Program. Half of the people in the group were senior staff of Hong Kong accounting firms, law firms, and asset appraisal firms. They are also considered high-paying salaries in Hong Kong. They also envy Aida Electronics for so many managers who can get incentive equity. They think that these people get equivalent to them in a place with much worse living standards than Hong Kong, and even far exceeding their salary, so they can naturally live a more decent and more dignified and refined life.

"A life that is too exquisite is just to tie oneself into a very narrow circle," Zhang Ke sighed for a moment, but would not deliberately refute Lu Lujin's point of view. The differences in life concepts between the two places are too big. It would be too rude to just use their own life concepts to refute others. He smiled and said, "The foundation of Haizhou is too poor. Even if you want to enjoy a refined life, you have no place to enjoy it."

Sun Shangyi said: "Shao Ke said that diligent and pragmatic people can eventually live a decent and dignified life at Aida Electronics. I think Haizhou will soon form a large white-collar middle-class community with Kumho as the center..."

"I have come into contact with several mainland enterprises, including state-owned enterprises and private enterprises. The managers of these enterprises are very different from Ke Shao's idea..." Lu Lujin said, "They have always emphasized the low labor costs in the mainland..."

"This is an advantage of the mainland," Zhang Ke said with a smile, and his tone changed. "The low human resources cost is indeed the most important advantage to attract investment at present. However, the working class is powerful, and the exploitation of capitalists will always become warm and tender. How should the words be said more loudly..." Zhang Ke turned his head and asked Zhou You. Zhou You had not thought of a suitable word yet, but Zhang Ke first thought of a suitable expression, "Let employees who are loyal to work live a decent and dignified life, it should be the core social responsibility of a modern enterprise. So, will it be more generous?" When everyone heard people laughing, Zhang Ke laughed at himself, "Ida Electronics has better opportunities and sufficient profits. The so-called goal is exhausted. Of course, there is no need to show off his hideous face at this time, so he is covered with a warm and shameful veil..."

Zhou You smiled and said, "No capitalist will expose himself to bloody like you..."

In order to prevent the additional issuance and mergers and acquisitions from attracting excessive media attention, Zhang Ke had long dispersed his holdings in Aida Electronics under Kumho to the names of many companies such as Shin Kong Paper and Kumho Electronic Technology Research Institute. However, anyone who knows the inside story knows that Zhang Ke actually holds 7 million shares of Aida Electronics. Based on the bargaining of this private placement agreement, the value is as high as 280 million US dollars. This will also facilitate the implementation of the additional issuance plan. Shin Kong Paper and Kumho Electronic Technology Research Institute each obtained a certain proportion of development funds. Since the main assets of the Kumho Electronic Technology Research Institute at this time were reflected in the holdings of up to 5 million shares of Aida Electronics, these shares were transferred under Kumho’s name, and Kumho’s shareholding in Kumho Electronics Research Institute increased from 70% to 90%.

The Jinhu Electronic Technology Research Institute is also a registered joint-stock company with 10 million shares. Kumho holds 70% and 7 million shares. The institute mainly owns the ownership of the Aida Electronics trademark in addition to audio-visual disc machines and intangible assets with huge potential. Of course, Xie Wanqing, Su Jindong, and Ding Huai cannot compete with Zhang Ke. Zhang Ke said that this part of the assets is worth 100 million US dollars, and then he injects the 7 million shares of Aida Electronics worth 200 million US dollars into the research institute. Then the institute will increase the total number of shares to Kumho, and increase the total number to 30 million. Haiyu holds 2.1 million shares, and Su Jindong and Ding Huai holds 450,000 shares each.

Now the research institute is waiting for the five million shares of Ida's stocks under its name to be converted into funds to expand its technology.
Chapter completed!