Chapter 842 Jie Hei
Now the share exchange plan has been finalized. In order to reach company assets of 400 million, the winery will increase the capital share of each major shareholder to more than five times the existing shares.
That is to say, Zhou Zhi still needs to spend more than 15 million in cash to maintain the proportion of non-circulating shares before listing.
Five times is actually very gentle. Today, the national stock market is not yet sound, and the most exaggerated capital increase and share expansion plans once reached thousands of times.
There are many tricks here. For example, many original shareholders did not actually take out real money, but used various methods to lend money, using other people's money to perform this operation in their own names.
After the company goes public, the stock assets that have soared more than ten times will be used to pay off debts, and the goal of getting rich will be achieved easily.
For example, if Zhou Zhi does the same thing, he needs to find someone to get a loan of 15 million, and then expand his investment in the winery to 18 million.
After the company is listed, Zhou Zhi’s assets will increase to 180 million based on the minimum price-to-earnings ratio of ten times.
Although these 180 million were non-tradable shares in the past few years, with such a bargaining chip in hand, no matter what method Zhou Zhi uses to adjust, it can be said that it is simple to offset this debt.
This is still a normal operation method, and there are more secrets and shady secrets, including the listed company lending money to its own shareholders, and then letting the shareholders purchase their original stocks to achieve capital increase and expansion before listing. Ridiculous things happen.
The mutual rent-seeking behavior of power and capital often occurs at this time, and everything is done to cut leeks for the listing.
It’s just these inside stories that ordinary people don’t know yet.
Of course Zhou Zhi does not need to do this. He now has a large sum of foreign exchange assets that have just been exchanged from Jin'an Group, totaling more than 12 million US dollars, so he took out a small part, which is more than the winery. The proposed lower limit was increased a little, increasing his investment in Laojiao Winery to 20 million.
In this way, the listed and tradable shares of Laojiao Winery can be controlled at the lowest proportion, accounting for 25% of the total share capital. The total share capital is 400 million, and the listed and tradable shares are 100 million.
The non-tradable shares owned by Zhou Zhi at that time will be equivalent to 5% of the total share capital, making him a proper major shareholder.
Of course, the realization of these stocks is also a very complicated process. The state has clear regulations. A major shareholder like Zhou Zhi, who holds 5% of the shares, is not allowed to be listed for circulation within a few years, and even if it is listed for circulation, Every time the holding is reduced by 1%, an application must be made and an announcement must be made.
It doesn’t matter to Zhou Zhi, after all, before Moutai and Wuliangye were listed on the market, Laojiao’s market was once extremely enchanting.
Big bosses from all parties are now raising funds to participate in this feast. Everyone does not want to be the unlucky guy who fell before dawn, and ended up just drinking scraps.
However, not everyone has Zhou Zhi's current strength, except for people like Xiao Liujie who have Zhu Dazhang and Zhou Zhi standing behind them.
Miss Liu followed Zhou Zhi and absorbed some of the original shares of the winery, and now she naturally became a small shareholder of the winery.
However, she protected Zhou Zhi very well and acted on her own behalf. Behind her, Zhou Zhi appeared in the financial investment market as the Hong Kong-owned AXA Fund. Nowadays, AXA Fund has been completely transformed into a comprehensive personal investment fund. However, there are still few people who can invest in the agency investment fund under the name of the Hong Kong investment bank hired by Yu Xiaoliu, the individual major shareholder of Laojiao Winery in the capital increase and share expansion plan. Mr. George Darwin, a major financial backer, is connected with Zhou Zhi, the liberal arts champion who just came out of Jiachuan County.
So when Zhao Shangzhong brought up this matter and everyone discussed it together, Zhou Zhi couldn't help but feel a ridiculous feeling in his heart.
The funniest thing is that my mother kept calling Sister Xiaoliu, "Speaking of this, it's Xiaoliu's blessing. This guy Zhu Dachang is very lucky to have a wife!" Mom said: "When Xiaoliu was selling original shares of Laojiao Winery, everyone was holding on to it. I’m sweating. My eldest nephew in Sichuan Tian Chemical Factory has a lot of that stuff. If you don’t believe it, you can ask me this afternoon. It’s really not something you should eat or drink.”
Everyone started talking about this again. One after another, people in the whole county were almost going crazy during this period.
Stimulated by the upcoming listing of Laojiao Winery, several large companies near Jiachuan County, such as Changbo and Changqi in Manzhou, Chitianhua in Hongshui, Sichuantianhua in Rongshan, and even as far away as Yuzhou Jialing Factory and other internal stocks have experienced a small market.
Even the Yuzhou Woolen Textile Factory, where Zhou Zhi's other cousin worked, was on the verge of bankruptcy, and some people were buying and reselling its employee stocks.
But Zhou Zhi knew that these dreams of wealth were all just a mirror image, except for the smooth listing of Jialing Group, which eventually became an ST stock, which was considered a success.
Judging from the intensity of everyone’s discussions, there may be people involved in these transactions, so I have to remind everyone: “To do the stock market, you must look at the fundamentals of the company. Only when profits reach a certain scale for three consecutive years After going public, the fundamentals of these companies have not changed yet. This round of small market prices for internal stocks is false. If you have these tickets, you should get out quickly."
"Out? Isn’t it cost-effective? What if it goes on the market?”
"Not to mention other factories, we know the benefits of Tianhua Factory." Zhou Zhi smiled: "Anyway, there is no new news from my cousin. The production capacity of Tianhua Factory is still normal fertilizer production, focusing on urea and ammonium nitrate. ”
“There is neither new investment nor new technological transformation, nor is there an expansion of production scale or an update of product categories. "Zhou Zhi said: "He Laojiao Winery acquired thousands of acres of land on the Tuojiang Bridge to build a large liquor base, built a large warehousing and logistics center at the Yangtze River Wharf, integrated national sales channels, and vigorously placed local advertisements in various places. In comparison, Tianhua Company is planning to change its name to Tianhua Company, sell off some of its assets, and absorb some of its investments. Except for the successful restructuring, it can be said that the fundamentals have remained unchanged.”
“So the small market price of these employee stocks this time was actually stimulated by the news that Laojiao Winery was about to go public, and the market was very fast. It will calm down.”
“If you really want to hold it, wait until they fall and then try again. Just buy it back. Now Tianhua Company's stock seems to have reached 3.6 yuan? I guess it will still have some momentum, so we might as well set a profit stop line."
"If we can't grasp it later. If the selling point is accurate, when the stock price falls back to this price, sell decisively without hesitation.”
There was a small silence in the scene. What Zhou Zhi said was a bit of a relief for everyone.
Everyone knows that Zhou Zhi is not short of money, but they only know that he has received a lot of royalties for writing books. Does it have anything to do with playing stocks for a dime?
(End of this chapter)