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Chapter 356 "Charming Semiconductor" Huge Financing

Chapter 356 "Charming Semiconductor" Huge Financing

"Mr. Hu, your office is not bad!"

Hu Yang received Qian Tongxin in the small reception room next to the office. Secretary Mi Qi brought two cups of coffee, and the host and guest took their seats.

"Chairman Qian has worked hard these past few days. Did you fly back from Shanghai last night?"

Qian Tongxin also went to Charm Manufacturing in the past two days, and only came to meet Populus euphratica when he had almost mastered the information in hand.

"It's not hard work, it's all for work. The country now attaches great importance to the integrated circuit industry. Thanks to Xintong International and Charm Manufacturing for making a good start for the entire industry. I have basically understood the situation. Now let's see what your Charm Technology Group will do next."

Hu Yang had a talk with Qi Xiangmin a few days ago, and he planned to list Charm Manufacturing and Chip Design Company in a package.Since it is going to be listed, it is necessary to go through the shareholding reform in the early stage.

So today Qian Tongxin came to Populus euphratica mainly to talk about this aspect.

"We think about it this way. First, we will merge and reorganize Charm Manufacturing and chip design companies. After the reorganization, the company will be renamed 'Charm Semiconductor Co., Ltd.'. Then Charm Semiconductor plans to conduct private placements and completely complete the shareholding system transformation."

If Hu Yang's plan is successfully implemented, the newly formed Charm Semiconductor will be a large enterprise integrating design and manufacturing.

"Good! On behalf of the Integrated Circuit Development Fund, I hereby promise that we will participate in the additional issuance of Charming Semiconductor and assist the company to go public. Of course, adhering to our consistent principles, the fund will not interfere with the normal operation and management activities of the company."

Qian Tongxin immediately stated that he would invest in the newly formed Charm Semiconductor.

The total investment amount does not exceed 60 billion yuan (RMB), and the share lock-up period is at least three years.

"However, Mr. Hu, we still have two strategic partners who want to invest together this time. One is Anping Insurance and the other is Hongda Asset Management Company. I hope you will consider it."

Qian Tongxin immediately put forward a condition, which surprised Hu Yang a bit.

However, the newly formed Charm Semiconductor will not issue more shares than 30% of the total share capital.Whether this part of the shares is taken by the IC Development Fund alone or shared by several companies is not a big problem.

"Okay, when Glamor Semiconductor completes the merger and reorganization, there will be an additional issue, and then we will discuss the details."

After Hu Yang thought for a while, he still agreed to Qian Tongxin's conditions.

"Okay, Mr. Hu is courageous. I'll wait for your good news. Then I'll take my leave today. I'll treat Mr. Hu to a drink when I have a chance."

Qian Tongxin immediately got up to say goodbye and left the investment building.

Next, Hu Yang impromptu held a meeting of the decision-making committee to discuss the plan of merging Charm Semiconductor and absorbing Charm Manufacturing.

"Mr. Hu, the reorganization of the two companies including Charm Manufacturing is easy. What is more troublesome now is the asset appraisal of the two companies. I think this work should be done as soon as possible."

In this matter, everyone's opinion is more consistent.Because they are both under the name of the group company, the reorganization is not troublesome. The key is to clear the assets and verify the capital and the subsequent price of additional issuance.

Xu Younian and Wan Qingshan's proposal was approved immediately.

However, Xia Bing and Yan Hanzhang suggested that the price of the private placement should be determined at 2-3 times the net asset value, which is not appropriate if it is too high or too low.

"Let's set the price of the additional issue within this range first, and we'll have to discuss it with the other party later. Manager Wan, you've recently put down other work on hand to help Mr. Yan complete the merger and reorganization of the two companies as soon as possible."

Since there was no problem, Hu Yang asked Yan Hanzhang to start the work immediately.Considering the progress of the work, Hu Yang specially asked Wan Qingshan to help temporarily.

After the meeting, Yan Hanzhang and Wan Qingshan started the work of clearing assets and capital of Charming Manufacturing and other two companies.

In less than ten days, the asset appraisal report was delivered to Hu Yang's desk, along with the restructuring plan.

According to the plan, after the reorganization, Charm Semiconductor will have net assets of 150 billion yuan (RMB), and a net asset value of 18.75 billion U.S. dollars in U.S. dollars.It includes three companies: Charm Manufacturing, Chip Design Company, and overseas Ripper Company.

The newly formed Glamor Semiconductor will have Yan Hanzhang as the chairman, Huang Tao, Sa Hongli, and Yang Chenglin as directors.Huang Tao is the general manager of the company, and Sa Hongli and Yang Chenglin are the deputy general managers.

Among them, Sa Hongli is mainly responsible for production and process technology research and development, and Yang Chenglin is responsible for chip design and solutions.

"Okay, let's start working on additional issuance."

Hu Yang patted the table lightly, asking Yan Hanzhang and others to discuss with the Integrated Circuit Development Fund the plan for additional issuance.

At present, the total share capital determined by the company is 150 billion shares, with a face value of 1 yuan per share.The amount of this round of additional issuance is 45 billion shares, which is the price that the two sides have repeatedly discussed.

Neither Hu Yang nor Qian Tongxin participated in the specific negotiations.The fund's partners, Anping Insurance and Hongda Asset Management, were also not involved.

After several days of bargaining, the two parties finally determined the price of the additional issue, which was 2.01 yuan per share.

"Mr. Hu, it's really not easy to negotiate with you. Fortunately, the two parties have finally reached an agreement. I said, let's sign the agreement quickly, and then ask Mr. Hu to buy us a drink."

Qian Tongxin, representatives of Anping Insurance and Hongda Asset Management came to the 88th floor of the Investment Building.

Today there will be a signing ceremony in the banquet hall, followed by a reception.

According to Hu Yang's thinking, this matter should be handled in a low-key manner, but the city disagrees.The city also wants to use this signing ceremony to enhance the city's high-tech image.

"No problem, good wine is enough. Director Qian, everyone, the time is almost up, let's hurry up and get on stage."

A signing platform was set up at the scene, and many media came to interview it.The city also sent a few important people to participate in today's ceremony. In short, Populus euphratica cooperated with others' propaganda.

When the signature pens in the hands of several people were put down and stood up to face the camera, the ceremony was over.The photos and videos of Populus euphratica are also rarely recorded, and will appear in many media tomorrow.

After the signing ceremony, there was a reception, and Hu Yang handed over the dominance to Yan Hanzhang, who left the banquet hall early.

After the newly formed Charm Semiconductor completed this round of additional issuance, its name was changed to "Charm Semiconductor Co., Ltd."

The total share capital of the new company is 195 billion shares, of which the Integrated Circuit Development Fund and two persons acting in concert hold a total of 45 billion shares of the company, accounting for 23.0769%.

To this end, the Integrated Circuit Development Fund and the two concerted actors invested a total of 90.45 billion yuan.

Charm Technology Group now holds 150 billion shares of the new company, accounting for 76.9231% of the shares.So far, the shareholding reform of Glamor Semiconductor Co., Ltd. has been successfully completed.

(End of this chapter)