Chapter 911 China's First Film and Television Stock

The Swedish Academy, the awarding organization of the Nobel Prize in Literature, is generally translated as the Swedish Academy in China.

The Swedish Academy is composed of 18 members, all of whom are well-known writers, linguists, literary figures and historians. The term of office of the 18 members is lifelong. Each of them sits in a chair with a number. The vacancy can only be filled by someone else after his or her death.

However, the selection of the award is not entirely the responsibility of the 18 academicians. A large amount of specific and procedural work is carried out by the Nobel Prize in Literature Selection Committee established in Norway.

The jury members are composed of five people selected from the eighteen members of the Swedish Academy. Their term of office is generally three years. They are responsible for distributing nomination forms, preliminary selection and other related work.

As we all know, the winner of the Nobel Prize in Literature is announced in October every year, but the award judging process begins in September of the previous year.

At this time, the Nobel Prize in Literature Committee will send nomination forms to thousands of people. Those invited to nominate include all members of the Swedish Academy, previous Nobel Prize in Literature winners, senior professors of literature and history at many European universities, as well as experienced writers, critics and cultural scholars from all over the world.

It is now September, which is the time when the Nobel Prize in Literature Committee sends out nomination forms.

According to Roger Strauss, Lin Weimin had been nominated several times in previous years. This was not only the result of his mediation, but also because some people liked and appreciated Lin Weimin's works.

But the reality is that there is only one Nobel Prize in Literature each year, and there are hundreds of writers nominated every year, most of whom are well-known writers. Even the jury itself does not dare to say that the winners are necessarily better than those who did not win.

Every time Roger Strauss told Lin Weimin that he was nominated again this year, Lin Weimin would just laugh it off, saying that nomination does not mean one will definitely win the award.

To put it another way, the nomination results for the Nobel Prize in Literature were not announced until fifty years later. Even if Roger Strauss was fooling him, he had no way to verify it.

Of course, Roger Strauss had done him no good by lying about this sort of thing.

"This year's awards will be announced soon. How do you know that I'm not the winner?"

Lin Weimin ignored Roger Strauss's complaints and spoke with a chuckle.

Roger Strauss said: "Don't count on it this year. It is said that three academicians particularly like Günter Grass's poems. They don't read them for the award, but they like to read his works on a regular basis. He is the favorite this year. Everyone says so, and it is probably true."

Günter Grass is a German poet and writer. His works are of a sad yet joyful style. His representative works include the poetry collections The Advantages of the Weathervane and Triangular Orbit, the plays The Flood and Uncle, Uncle, and the novel The Danzig Trilogy.

His works cover a wide range of genres. Since his debut in the 1950s, he has won many heavyweight literary awards in Germany, such as the Büchner Prize and the Theodor Haus Prize.

Moreover, Günter Grass is 72 years old this year. This alone is an advantage that Lin Weimin cannot match.

If the old man doesn’t win the award this time, he might not have a chance anymore.

Nominees with qualifications like Günter Grass are common in the Nobel Prize in Literature award process over the years.

"According to their evaluation method, it will probably be my turn in another 30 years," Lin Weimin said jokingly.

Roger Strauss said seriously, "No. The Nobel Prize in Literature is not really based on age. You have been a runner-up for several years. You have been nominated every year but have not won the prize. The Academy will also feel pressured."

"I hope so. It would be good if we can get it." Lin Weimin said easily.

"I like your mentality. Believe me, you will definitely win the prize, and that day will not be too far away." Roger Strauss encouraged.

"Thank you for your well wishes, Roger!"

After hanging up the phone, Lin Weimin put what happened aside and continued to work.

"Thank you for your hard work over the past six months. I didn't expect the listing to go so smoothly!" Lin Weimin said to Dong.

This morning, Yu Donglai reported to Lin Weimin about Wenhua's listing.

At the group meeting at the end of last year, Lin Weimin announced to all employees three major events of the Guowen Group this year: the construction of the headquarters building, the establishment of the advertising service department, and the listing of Wenhua Films.

As one of the holding subsidiaries of Guowen Press, Wenhua Film and Television has maintained rapid development since its establishment five years ago. It has now become one of the leading companies in the domestic film and television industry, especially in the field of film production and distribution.

However, the company's good development also has its problems. The domestic film market is so small that it is unlikely to develop much in a short period of time. Therefore, the horizontal development and external expansion of Wenhua Film and Television are particularly important. If it wants to gain more room for development, it cannot do without capital operation, and listing has become an issue that must be considered.

Thanks to the smooth development in recent years, Wenhua Film and Television can be said to have been making great strides. It may seem nothing special at ordinary times, but when it comes to planning for listing, the company's healthy, stable and upward development becomes the best booster.

The listing conditions for A-share companies are much more stringent than those for NASDAQ, but Wenhua Films' road to listing was smooth sailing, and all the prerequisites for listing were met in just a few months.

Now the listing date has been confirmed, which is September 27, and it will be the 888th listed company on the domestic A-share market.

Yu Dong's face is full of wrinkles when he smiles. In the past few years since he came to Wenhua, his work achievements have been obvious to all. The price he paid was a surge in weight. However, when he just reached the age of thirty, he was already plump and looked more like a leader than Lin Weimin.

"My hard work is nothing. If it weren't for your and the group's continuous support for our Wenhua, we wouldn't have been able to get on so smoothly. It's a bit hard to believe that our Wenhua could be listed so quickly. The first film and television stock in the A-share market, hehe, Haiyan is looking down on me all day long."

Lin Weimin smiled and said, "It should be said that it is the No. 1 stock in China's film and television industry. What's wrong with a brother company? It sounds good to be listed early, but it may not be all good."

Yu Dong nodded.

Lin Weimin asked again: "I heard that you applied for an MBA at Yanda this year?"

Hearing this, Yu Dong looked a little embarrassed.

"That's a good thing. The company has grown, and you, as the helmsman, must also improve yourself."

"I think so too. The company's business is getting wider and wider. Now we have a lot of business not only in China but also overseas. I want to learn more so as not to be fooled by others."

"Yes, it's right to have this idea." Lin Weimin encouraged.

After talking about business for a while, Yu Dong said, "You must go to the bell-ringing ceremony at the end of the month!"

In addition to reporting on his work, the most important thing he came here today was to talk about this matter.

The listing of Wenhua Films is a happy event for Guowen Group and also an opportunity for Yu Dong to show up within the group. If Lin Weimin fails to ring the bell on the spot, isn't that a dereliction of duty on his part?

"Okay, I'll go with you to ring the bell then." Lin Weimin said with a smile.

The potential of Wenhua Film and Television is far less than that of Sohu, but Lin Weimin agreed to ring the bell without hesitation because compared with Sohu, Wenhua Film and Television is the direct descendant of Guowen Group.

After receiving Lin Weimin's affirmative answer, Yu Dong was filled with joy and was about to leave.

Lin Weimin asked, "Is there enough money to subscribe for the shares?"

Wenhua Films is going to be listed, and everyone from senior executives to grassroots employees can subscribe for stocks at a discount. Yu Dong is the person in charge of Wenhua and can subscribe for up to 100,000 shares.

Yu Dong smiled and said, "I have received many bonuses and dividends from work in the past few years. Apart from buying a house and a car, I have saved all the money. It is just enough."

Lin Weimin nodded and said, "Okay, Wenhua's listing will also be a harvest season for you."

Yu Dong had a bright smile on his face.

After he left, a notice was quickly posted on the bulletin board of Guowen Society, and then quickly spread among the employees of Guowen Group.

Culture Film and Television will be listed on the Shanghai Stock Exchange on September 27. The group now gives employees the opportunity to subscribe for stocks at a 50% discount. Depending on their positions, each employee can subscribe for 4,000 to 400 shares.

By the end of the 1990s, the term "stocks" was no longer unfamiliar to ordinary people, but there were still not many people who dared to try it.

In the editorial office of "Contemporary", Yao Shuzhi was persuading He Qizhi.

"Just buy some. You can subscribe to stocks at a 50% discount. You won't lose money."

He Qizhi shook his head firmly, "I am so old, but I still don't understand this thing. Instead of worrying about it all day long, it's better to out of sight and out of mind."

Yao Shuzhi tried to persuade him for a long time, but seeing that he was still determined, she said helplessly, "You don't even want the chance to make money for free."

Yang Xinlan asked her: "Sister Yao, can this stock really make money?"

"I think you've been wasting your time reading newspapers and magazines. This stuff is certainly not 100% profitable. But this time, Wenhua Films is going public, and we are subscribing to the stock internally. The price is much cheaper than buying it on the stock market, so we will definitely make money."

After hearing what Yao Shuzhi said, Yang Xinlan became eager to take action.

Zou Changyi on the side reminded: "These stocks of ours have a lock-up period."

"What is the lifting of the ban period?" Yang Xinlan asked.

"You can't sell within a certain period of time after listing. This is to prevent shareholders from cashing out and affecting the newly listed company. Although we bought these stocks cheaply, we can't sell them for a year or two. We don't know whether the price will rise or fall by then."

Frightened by Zou Changyi, Yang Xinlan hesitated, "Then I won't buy it."

Yao Shuzhi angrily accused Zou Changyi, "You said you didn't want to sell it, so that's fine, but why did you scare Xiao Yang?"

"How can this be called scaring? I'm explaining the pros and cons to her. Sister Yao, you have a big family and a big business, so you don't care about this little money, but we are working class."

"Okay, okay, I'll tell you what I mean. You're just a blockhead who won't even try to make money."

The scene in the editorial department of "Contemporary" has become the norm in Guowen Group in recent days. After the group's announcement was issued, the employees discussed it loudly, but not many people actually paid to subscribe to Wenhua Film and Television shares.

The stock issue price of Wenhua Films is 11.85 yuan per share, and the 50% discount subscription is 5.92 yuan per share. Based on the minimum purchase of 400 shares, the price is nearly 2,400 yuan, which is more than two months' salary for many people.

What many people worry about most is risk, but they seldom consider the stock appreciation. Spending 2,400 yuan to buy so many stocks is a bit risky, so they are not willing to try it at all.

However, compared with the employees of Guowen Group, the employees of Wenhua Film and Television are much more active. For more than half a year, the company has been preparing for an IPO. Unlike the employees of the group, the employees of Wenhua Film and Television have more or less some idea about the IPO and are very active in subscribing.

The share subscription provided by Guowen Group to its employees is a universal benefit, and when Wenhua Film and Television went public, the number of shares subscribed by its employees was much greater than that of the group’s employees.

Especially key members such as Zhang Yimou, Feng Xiaogang, Tong Zhonggui, Mo Yan, etc., their subscription shares can be up to 50,000 shares.

(End of this chapter)