Xiaomi Technology announced that it will be listed on the Hong Kong Stock Exchange on October 16, issuing 540 million shares (accounting for 15% of the total share capital) and raising 4.2 billion Hong Kong dollars for the research and development and production of electronic products.
Prior to this, Xiaomi Technology also issued 15% to institutional investors, New Era Group obtained 10% of the shares, and other institutions only had 5%.
In other words, Xiaomi Technology suddenly received a cash flow of about 8 billion, and all of these funds will be used for the development of the company's technology business.
In addition to the 30% of public shares issued, the remaining 70% equity is: Jingwei Capital 40%, Zou Kaixuan 15%, and Employee Fund Company 15%.
In other words, the incentive equity accounts for 15% of the total equity, but it is all through the employee stock ownership fund company, and the employees who receive the incentives hold internal equity in the "employee fund company".
October 2nd.
The press conference held by Xiaomi Technology not only introduced the company's business, but also described profit prospects for investors. Zou Kaixuan, as chairman of the board of directors and CEO, attended the press conference.
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"It is expected that the total sales of VCDs in the mainland will exceed 10 million units this year, and Xiaomi Technology's sales will exceed 4 million units; the company holds 80% of the equity in decoding chips and can also earn a lot of income."
"The USB flash drive released by Xiaomi Technology in the first half of the year is the world's first USB flash drive. It will bring considerable profits to the company in the future, as well as a large amount of patent royalties."
“Xiaomi Technology’s mobile phone products are also very popular in the Mainland, Hong Kong, and Southeast Asia.”
"The 'Little Smart Phone' being developed by Xiaomi Technology is a mobile phone based on PHS technology... Considering Asia's population and technology, the number of users of this product may exceed hundreds of millions."
Every time Zou Kaixuan described something, the crowd couldn't help but exclaim in low voices, with incredible expressions on their faces.
The entire press conference was in a state of excitement. Of course, some people raised questions!
"As far as I know, there are hundreds of copycat VCD manufacturers in the mainland, and the Xiaomi VCD market is being eaten up step by step!"
Zou Kaixuan said: "This is an expected situation, but with the quality and reputation of Xiaomi VCD, I believe it can firmly hold 30% of the market share. At the same time, other products of Xiaomi Technology have successively succeeded, and they are no longer
Rely on a single product to succeed.”
The reporter added: "Currently, Xiaomi Technology has not replaced VCD players as an important product. Am I right?"
Zhou Kaixuan: "Of course not! Behind the small USB flash drive is a market worth hundreds of billions... We can enjoy hundreds of millions of Hong Kong dollars in net profit every year just from the patent fees. And our
The mobile phone business is increasing step by step. Think about the mainland market."
Everyone nodded. Xiaomi Technology is developing very well in the mainland. It has technology, background, and successful experience. It is indeed a good company.
Although Lin Zuhui did not attend the press conference, many people know that he is the boss and the largest investor behind it. As for his relationship with Zou Kaixuan, many people have actually guessed it, but they will not make it clear.
The next day.
At the entrance of each of the ten designated banks' stores, residents of Xiangjiang lined up in a long line to receive the "Xiaomi Technology New Share Subscription Application Form". Among the people in the queue, there were elderly people, Filipino maids, women holding babies, and others.
Many of them are couriers assigned by the company to pick up forms.
The IPO activity was so crazy. In addition to the fact that it was a technology stock, the shareholders had prominent backgrounds, and the number of shares offered for public sale was limited, it naturally caused a sensation. It is estimated that it is not surprising that the oversubscription ratio is hundreds of times.
........
The listing of Xiaomi Technology was very smooth. In late October, the market value was close to 40 billion Hong Kong dollars, creating a science and technology myth in Hong Kong. Of course, half of the reason behind this myth is Lin Zuhui's 'myth'. In recent years, Lin Zuhui has been in the technology world
It has a great influence, especially in the American technology community, which has huge influence, and its investments have been quite successful.
Xiaomi Technology's stock has not yet gained a firm foothold. Octopus Bank, a financial company owned by Lin Zuhui, also announced its listing in late October, which immediately attracted investors to compete to buy again.
Although the IPOs of the two companies are both around 30 billion, which is a record-breaking IPO in Hong Kong, after all, only 15% is issued to the public, so it is still a situation where there is more money than meat.
Octopus Bank issued a total of 25% of public shares, 10% of which were institutional investors, and the public still only had 15% of the quota. The Octopus IPO amounted to a full 30 billion, raising about 7 billion.
The reason why it is so high is because Octopus Bank has tens of billions of cash flows on its books; even compared to Bank of East Asia at the same level, Octopus is worth more than 30 billion, because the market value of Bank of East Asia is about 35 billion.
However, the approximately 7 billion funds raised by Octopus Bank through its listing are all considered to be sales of shares, so this part of the funds will belong to Octopus Financial Group, not Octopus Bank; this is equivalent to a spin-off listing.
Even so, Octopus Bank still has a cash flow of tens of billions of Hong Kong dollars, an annual profit of more than 3 billion, and a market value heading towards 50 billion.
In the Octopus Bank conference room, Lin Zuhui was having a meeting with senior executives.
"After the company is listed, stability is still paramount, and there is no need to rush to expand business. Not only that, but the Asian economic bubble has emerged, and we need to be cautious. For example, the real estate industry in Xiangjiang has reached a point that is unbearable for the public, and the company has also
We need to consider tightening real estate loans!" Lin Zuhui said.
The liquidity on the account is reserved for Southeast Asian Banks and Korean Banks, rather than rushing to invest. As for the reminder to tighten real estate loans, there is no need to worry about leaks. After all, even if Lin Zuhui publicly appeals in the newspaper, it can only be controlled for a few days.
That’s all, everyone should be speculating in real estate and stocks as usual soon.
Ho Changhong nodded. He knew that his boss was still very conservative towards commercial banks, otherwise he would not have made big moves in recent years. But even so, Octopus Commercial Bank still has an advantage in attracting deposits with its "Lin Zuhui" brand name.
"Okay, boss! The company is still operating step by step, developing steadily and improving service quality."
Lin Zuhui said with satisfaction: "I don't want Octopus to develop into HSBC. I just want to have excellent retail banking business like Hang Seng Bank."
The so-called retail banking business refers to the comprehensive and integrated financial services that commercial banks use modern business concepts and rely on high-tech means to provide individuals, families and small and medium-sized enterprises, including deposits and withdrawals, loans, settlements, exchanges, investment and financial management
Waiting for business.
All senior executives agreed that the boss had a precise positioning and was not in a hurry to expand.
But having said that, the two banks that Octopus Bank inherited are both established banks with good overseas business channels and experience, which also allows Octopus Bank to have a large customer base overseas.