Super Tycoon

Chapter 609: Eligibility for listing

"With increased orders, can the production capacity keep up?"

"It can keep up. Isn't the factory in Changchun expanded? The new production line has also been commissioned and ready for production." Liu Chuanzhi said.

In fact, Liu Chuanzhi regretted being the chairman and president of Changchun Caijing, and Zhang Yang should be allowed to do the job. The salary is not high, but he has a lot of work, so he has a lot of things every day.

Zhang Yang came to manage, he was also very at ease, not a company as big as Zhiduoxing, not all managed well.

"How is the LCD project going forward, has it been promoted now?"

"We plan to promote it vigorously next year. Isn't the production capacity just improved? It's just that last time we made an additional investment, the state-owned assets are very difficult."

"Now the technology research and development laboratory will also be expanded, to develop liquid crystal raw material production technology, and that money will be spent. If you want to launch this production line, it will cost a lot of money."

"The city has asked when Changchun Caijing can be listed."

Zhang Yang handed a cigar to Liu Chuanzhi. Liu Chuanzhi waved his hand and took out his cigarette.

"Old Liu, at the last meeting, didn't Changchun Caijing have not really made a profit yet?"

"Yes, net profit is negative. But you can backdoor listing, such as the acquisition of a related listed company, and then you can issue additional shares to raise funds, but I did not agree."

Changchun very much hopes that the company will be able to go public, because according to the company's strategic development plan at this time, it will require at least several hundred million US dollars of investment in the future, or even more than one billion US dollars.

If such a large sum of money is subscribed in proportion to the shares, Changchun will not be able to withdraw it. There is only one car factory left in this handy industry, which is actually not part of Changchun, but just escrow.

Everyone knows that after expansion, they will be able to occupy a larger market share in the future, have stronger anti-risk capabilities, and develop better.

The larger the enterprise, the higher the popularity, and it can also be noticed by other companies and consumers. But the biggest problem is that there is no money, and other shareholders have money, because they have insufficient funds in Changchun.

It is the best way to raise funds by going public. Their voting rights will not be diluted, and the company has sufficient funds to develop.

But if you want to go public, you have to be qualified.

This is not to say that the company's debt and consecutive years of loss cannot be listed. Many markets do not require profitability for listing, but only require annual revenue, investment, the number of employees and shareholders, and the company's operating years.

For example, Nasdaq is so easy, and it also allows many companies with debt losses to obtain good development by going public, turning losses into profits, and bringing a lot of returns to investors.

Of course, there are also a lot of pitfalls for investors. The stock price has fallen all the way and fell below the issue price. For example, the price is online, and the people who bought the stock have lost money.

But now the financial markets in North America are poor, and investors there are more cautious about IT companies. What's more, Changchun Caijing's revenue is not high at this time, and the number of orders is not enough.

If their LCD display project can succeed, then naturally two said.

Therefore, the first listing place for Changchun Caijing is Xiangjiang. This is also one of the four major financial markets in the world, and the financial industry is very developed.

But for the same reason, the financial market of Xiangjiang at this time is not prosperous than it was two years ago. At this time, the same shares must be raised, and the funds raised must be very small, and the years are not enough.

Previously, Liu Chuanzhi asked people to consult, but the quotations given by financial investment institutions were very low, far below Liu Chuanzhi's psychological expectations.

Then at least 70% of the shares must be issued for circulation before sufficient funds can be raised for development.

After all, the assets of Changchun Caijing are only more than 2 billion RMB at this time, and to continue to expand the production line and continue to do research and development of raw material production technology, no billions of RMB is not enough.

Putting too many stocks in the market circulates, the company's risk will increase greatly, which is unwilling to Liu Chuanzhi. Zhang Yang and Sumitomo Corporation were also unwilling there, because they all had enough funds to make additional investments.

Sumitomo Corporation, like Zhang Yang, is very optimistic about the future development of LCD screens and believes that it will become the mainstream and replace CRT monitors. Not just for applications on computers, but also for TVs, monitors, etc.

The main disadvantage of LCD screens nowadays is the high price and high cost, which leads to high prices. Many households and enterprises think that they are too expensive to buy.

As long as the cost can be reduced, it will definitely replace the CRT. Who wants to use such a space-consuming product?

Now people like to live in a spacious house, and hope that the space in the house is large, so this very thin product will definitely be the mainstream of the future.

Of course, there is another technology at this time, which is plasma. However, the development speed of this technology is not as good as LCD, and the price is equally high, even more expensive.

At present, the battle between LCD and plasma has not yet started. In the future, competition in this area is very large. Many companies have fallen behind in the competition, and even disappeared.

Zhang Yang is very clear that the real foothold in the future is the liquid crystal, and the plasma is forced to stand aside. Therefore, he believes that the opportunity should be seized to allow Changchun Caijing to develop and grow faster.

"Can it stand up? Do not insist on listing?"

Liu Chuanzhi smiled: "Of course. We don't agree. It is indeed not cost-effective to go public now. It belongs to drinking thirst. But I also passed through with Changchun Electronics, which allows Changchun Electronics to find a way to go back on the market and raise a sum of money."

"Don't they want to do this before, and they were stopped because of violations. Now that they have thought of a backdoor listing method, they can make Changchun Electronics backdoor listing."

"In this way, when we make additional investments next year, they will also have sufficient capital allocation to maintain the share ratio."

"Well, this is good. By the way, is there a TV company~www.readwn.com~ want to cooperate with us to jointly develop LCD TV?" In the next few years, although this market is not big, it can also be fast Development, and profitability is high.

This market in the previous life was occupied by foreign manufacturers. The island countries, South Korea, and Europe have developed rapidly in the Chinese market.

Later, some of them withdrew, and many people thought that they had won. In fact, they already made enough money. Huaxia's branches were all gone, including the factory, and they were not lost.

"There is one, the one in Ice City."

The Ice City, which is the joint venture between Moscow Electronics and the Ice City Political Axe, it seems that other domestic companies still haven't seen the situation clearly.

Or maybe they saw it, but they had no money.

"OK, then cooperate. This market can always bring a lot of profits to the company. Come on, it's almost noon. Let's find a place and talk while eating."

"Exactly, I still have some cooperation. I want to talk to you about software."

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