The leaders at the top quickly reached a conclusion: they supported the introduction of an "AB share system" for A-shares.
The main reason is that they valued Wujiang Group's influence, which could drive the development of the domestic financial industry.
Although the capital scale of A-shares is already saturated, the leaders believe that as long as companies under Wujiang Group are listed on A-shares, they will definitely attract a large amount of funds to the stock market, both from domestic and foreign sources.
In fact, if international capital can be attracted to the Chinese stock market, that would be a success in itself.
In this way, China is expected to surpass the United States and develop into a global financial center!
This will play an immense role in the internationalization of the RMB.
...
The next day, Zhao Ye received a call from his superior. Upon learning that the A-share market would soon undergo reforms and implement an "AB share system," he immediately reciprocated by stating that at least fifty companies under the Wujiang Group would be listed on the A-share market.
However, the specific listing plan still needs to be considered in the long term, and companies will be listed one by one in turn.
If companies go public in droves, shareholders or investors have limited funds, making it difficult to drive up stock prices.
We need to set aside time for everyone to chip in.
Moreover, with a large number of companies, some will inevitably have low exposure and find it difficult to become the focus.
In Zhao Ye's plan, having one company go public every month would already be considered a relatively fast pace.
...
Nasdaq, USA.
Throughout December 2002, the listed internet companies under the Wujiang Group successively completed their delisting plans.
To prevent the US from believing that Wujiang Group was deliberately manipulating its stock price, Zhao Ye planned to let these internet companies develop quietly and focus on technology for the first few months, putting making money last.
"The first company to list on the A-share market must be able to cause a sensation; therefore, this company must be a heavyweight enterprise..."
In the Wujiang Building, Zhao Ye addressed the group's senior management, saying, "I believe we should have Wujiang Microelectronics listed on the A-share market first. First, Wujiang Microelectronics is one of the world's best semiconductor manufacturers, which is extremely important to the country. Listing on the A-share market would give the country more confidence in us. Second, Wujiang Microelectronics is a huge company with extremely high profits, and it will definitely be wildly sought after by capital, achieving a 'successful start' to its listing!"
It can be said that Wujiang Microelectronics has almost monopolized the global high-end chip manufacturing industry. Wujiang Group has always controlled the company, and its profits are enviable. Not only are many people envious, but even some high-level officials in the country have different opinions. Although they do not want to seize control from Wujiang Group, it is still necessary to take a step in and gain more say and supervision.
Zhao Ye's choice to list Wujiang Microelectronics on the A-share market can be seen as a pledge of allegiance to the country, reassuring them that state-owned capital will have a larger stake during the listing and financing process.
Zhao Ye is already very rich; money is really just a bunch of numbers to him.
For Zhao Ye right now, preserving his family's wealth and power is the most important thing.
People who try to enjoy things alone rarely last long; they need to learn to share.
Zhao Ye's decision to list his company on the stock exchange was based on this idea.
Of course, Zhao Ye will not relinquish control of the company.
The “AB share system” ensures that even if Wujiang Group only holds 10% of the shares in the end, it can still firmly control Wujiang Microelectronics.
In the conference room, no one had any objections to Zhao Ye's plan to list Wujiang Microelectronics on the A-share market.
Within the group company, Zhao Ye essentially ruled the entire organization.
It wasn't because Zhao Ye liked to act arbitrarily, but because Zhao Ye had always been successful. The miracles he created made everyone completely convinced of his abilities.
At the subsequent meeting, Zhao Ye discussed with everyone the specific plans for Wujiang Microelectronics' IPO.
Zhao Ye certainly hopes to raise more funds and increase the company's market value during the IPO.
“Chairman Zhao, Wujiang Microelectronics is too big. According to our own valuation, it should be at least four trillion RMB!!!” Zhang Rujing said.
As soon as he finished speaking, the other senior executives present were all dumbfounded.
Four trillion RMB, based on the current exchange rate between RMB and USD, is equivalent to five hundred billion USD!
Seeing the surprised looks on everyone's faces, Zhang Rujing couldn't help but introduce, "Besides chip manufacturing, Wujiang Microelectronics also owns many subsidiaries, the most famous of which is Dawning Lithography Machine! I believe that if Dawning Lithography Machine Company were to be listed on the A-share market, its market value would be at least over 100 billion US dollars!"
At this moment, everyone was once again taken aback.
Zhao Ye smiled and nodded, saying, "I think what President Zhang said makes a lot of sense! I'll just give you a few numbers, and you'll understand..."
Zhao Ye paused for a moment, then smiled and said, "This year, Wujiang Microelectronics' revenue exceeded $210 billion, and its profit reached $75 billion! If we calculate based on a price-to-earnings ratio of 10, Wujiang Microelectronics' market value is at least $750 billion! You should know that Wujiang Microelectronics monopolizes high-end chips, so its price-to-earnings ratio is much higher than 10."
Upon hearing this, everyone gasped in shock.
They never imagined that Wujiang Microelectronics would be so profitable.
“Chairman Zhao, Wujiang Microelectronics is too big a company. If we want our IPO to be successful, we must attract a large number of domestic and foreign institutions!” Lu Maoshi couldn’t help but sigh and said.
Zhao Ye nodded slightly and said, "That's what I think too, so we must publicize the news of Wujiang Microelectronics' listing all over the world and mobilize domestic and foreign capital!"
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