An hour later, after the original meeting agenda was finalized, Secretary Liu did not announce the end of the meeting. Instead, he revealed the news that Wujiang Microelectronics was about to go public.
"Wujiang Microelectronics is one of Shanghai's most important technology companies. Zhao Ye recently told me that he plans to list Wujiang Microelectronics on the A-share market. At the same time, he also plans to sell a portion of its original shares to the government..."
Secretary Liu then briefly recounted his conversation with Zhao Ye.
As soon as he finished speaking, everyone was taken aback.
Secretary Liu stated, "We will immediately have someone investigate the valuation of Wujiang Microelectronics. Although I have already agreed to a 2% initial public offering (IPO) with them, if the valuation is too high, we can revise our offer. Furthermore, Wujiang Microelectronics is the largest high-tech company in Shanghai, and our government must ensure its IPO proceeds smoothly!"
"yes!!!"
...
At noon that day, Wujiang Group held a press conference, where spokesperson Fu Caiwei revealed to hundreds of media reporters from around the world that Wujiang Microelectronics would be listed on the A-share market.
All the reporters present were shocked when they heard the news.
The news came suddenly, catching them completely off guard.
To everyone's surprise, Wujiang Group was willing to list Wujiang Microelectronics Company on the stock exchange.
Many people believe that Wujiang Microelectronics is a weapon for Wujiang Group to dominate the technology industry and is not for sale.
Wujiang Group is not short of money, so why would it allow Wujiang Microelectronics to go public?
Isn't this giving Europe and America an opportunity to take advantage of the situation?
The reporters went wild with excitement and immediately asked Fu Caiwei for the reason.
"Ms. Fu, Wujiang Group clearly has no shortage of money, so why is it listing Wujiang Microelectronics Company?"
"Ms. Fu, Wujiang Microelectronics is a high-tech company. Why don't you list on NASDAQ in the United States?" a reporter from an American newspaper asked.
"..."
Fu Caiwei smiled and said, "Yes, our Wujiang Group is indeed not short of money, but we believe that a mature company should learn to share. Therefore, we plan to let all investors share the dividends brought by the rapid development of Wujiang Microelectronics. As for why we don't list in the United States, it's because Wujiang Microelectronics is a Chinese technology company. Shouldn't we list on the stock exchange in our own country?"
(End of this chapter)
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