City Start Striving for Becoming a Rich Man

Chapter 115

Speaking of listing; in fact, some time ago, Shen Hongsheng of the securities company came to Ni Shixiao.

To persuade Ni Shixiao to take out a few of its subsidiaries to list separately, he did not say that he was dead, but replied that he would consider it.

Now it is almost time to go public to make money, not too far away from the stock market crash.

TV stations and theaters can prepare to go public, but other subsidiaries, Ni Shixiao, are not willing.

It only needs to meet the following conditions to be listed in Hong Kong.

(1) The total profit for the three years prior to listing (profit refers to the total profit) 30 million (must reach 10 million in the most recent year);

(2) The market value at the time of listing must reach 100 million yuan;

(3) The minimum public float is 25% (if the issuer’s market exceeds 1 billion yuan, the minimum can be reduced to 10%);

(4) The three-year business record period must be operated under basically the same management and ownership;

(5) At the time of listing, there must be at least 100 shareholders, and every one million yuan of issuance must be held by no less than 3 shareholders;

(6) Information disclosure: financial reports twice a year;

(7) Underwriting arrangement: public sale for subscription must be fully underwritten.

A joint-stock company needs to make a major decision, which must be approved by the shareholders of 2/3 of the shares.

Therefore, to achieve absolute control, that is, to have the right to pass and veto, 67% of the 283 shares must be retained.

Ni Shixiao carefully considered whether it is necessary to retain absolute controlling rights in the TV station;

In fact, there is no need, as long as the relative controlling rights are retained, that is, 51% of the shares are retained.

As for the number of shares that Yazhou Cinemas will take out to issue, it has to be discussed with the other two shareholders.

…

“Mr. Lei, are you here early?”

“Mr. Zou, you are not too late!”

Lei Juekun and Zou Wenhuai have both arrived in the meeting room of the Yazhou Operations Office. Today it was Ni Shixiao who convened them to hold a shareholder meeting.

“Mr. Zou, why did you say Ni Shixiao called us over?”

Lei Juekun frowned. After thinking for a long time, he couldn’t think of what Ni Shixiao had to hold a shareholder meeting.

“I don’t know. The theaters have been developing very well recently, and there is nothing to be rectified. What kind of medicine is sold in Ni Shixiao gourd is really hard to guess.

“Forget it, I’ll know when Ni Shixiao arrives.”

Ni Shixiao quickly opened the door and came in, followed by Cen Jianxun.

In fact, he had already been here, just in Cen Jianxun’s office, to ventilate with him first.

“Mr. Lei, Mr. Zou, early.”(Read more @ wuxiax.com)

“Mr. Ni, morning.”

The four chatted for a while, and then Ni Shixiao went straight to the topic.

“Two shareholders, today I am looking for everyone to hold a general meeting of shareholders. I want to have a proposal for everyone to discuss.”

“Chairman, what is the proposal?”

Lei Juekun asked the same question.

“I would like to propose an IPO for Yazhou Cinemas and prepare to go public.”

“Listed? Why did it go public? Haven’t the cinema chains been very profitable in the past two years, so why should they let others in to share food?”

Ni Shixiao had already thought that they would ask this question, but he did not answer his question directly.

“Manager Cen, tell me about the past two years.”

Cen Jianxun heard Ni Shixiao’s words, opened the folder, and began to say: “Chairman, two directors, Yazhou Cinema has made a total profit of 320 million in the past two years; 80 million in the first year and 130 million in the second year. This year’s profit is 110 million, and this year’s profit is estimated to be 140 million. The maintenance cost of theaters has risen from 10 million in the first year to 20 million this year; many theaters will have to be renovated next year, so the maintenance costs will be paid next year. To increase. Chairman, my speech is over.”

“Both of you have heard that the growth rate of profits is slowing down, while maintenance costs are increasing every year, and rents are actually increasing every year. It’s just that my homeowner company has not increased the rent of cinema chains. I personally pay for this every year. It will cost tens of millions of dollars. Of course, I am not asking for credit or complaining to them. I want to tell them that, in fact, the theater chain has limited room for profit growth in the future.”

“The form is so bad?”

Zou Wenhuai listened to Ni Shixiao’s speech, and then looked at the report in hand, also expressed a little worry.

“In the past two years, the Xiangjiang market has been hot, but have you noticed that, but the funds are all foreign funds, mainly from Wanwan. Think about it, now that there are so many foreign funds, will they support the new theater? ? In the future, our profit rate will definitely continue to fall.”

Ni Shixiao slowed down, let Zou Wenhuai and Lei Juekun digest his own speech before continuing.

“Film companies will make more and more money, and distribution in other cities will become easier; but what about our theaters?”

The prime time of Hong Kong’s film market has just begun for one or two years, and it will be more prosperous in the coming years.

However, relative to the film companies are getting more and more profitable, the form of theaters is getting worse and worse.

During the peak period of Xiangjiang, there were ten theaters of the same size at the same time, but the crowd of movie viewers in Xiangjiang was relatively fixed.

In other words, the passenger flow of each theater will be diluted in the future, the flow of a single theater will become less and less, and the remote theaters may still lose money.

“Chairman, what you said is quite reasonable, then how many shares do we have to use for circulation when going public?”

“Two of you, my opinion is that if we reduce our holdings to 51% proportionally, it is enough to keep the three of us together.”

According to this plan, Ni Shixiao’s shares will be reduced to% after the reduction, and the other two will become 10.25%.

“According to the current form, our theater chain can be conservatively valued at 3.2 billion, and at least 1.5 billion can be cashed out.”

“Chairman Ni, I basically have no opinion on this plan, Director Lei, do you have any comments?”

Lei Juekun estimated in his mind that after cashing out, he would be able to distribute 300 million 5, and the dividends of ten years may not be able to get that much.

And who knows what the market will look like next year and the next year.

It’s not a loss for me to go public now.

“Two, I agree too.”

“Since both of you have no opinion, then apply for a financial audit and we will enter the IPO as soon as possible. Two of you, I wish us every success.”

“Victory…Victory…” The old faces of Zou Wenhuai and Lei Juekun were also covered with smiles.

…

Now that the members of the board of directors have unanimously passed the listing proposal; it takes about half a year to a year to go through the process for listing in Xiangjiang.

That is to say, it takes at least half a year from the submission of the listing application to the listing and circulation of the stock.

Time was tight, so Ni Shixiao was racing against time and contacted Shen Hongsheng.

He entrusted the listing of Yazhou Cinemas and DreamWorks TV to his securities firm.

His securities firm will also underwrite two stocks.

…

Ni Shixiao hasn’t paid attention to the film company for a long time.

At the beginning, it was convenient, and several of his women were arranged in the film company; Zhong Chuhong, who went in the earliest, then Zhao Suzhen, and Park Xinhui from Nanchao County.

Ni Shixiao thought that he might meet them at the same time, and felt a headache…

It seems that we still have to find a way to separate them, not all together!

“The flowers and evaluation votes that don’t need money are here, thank you! 』.

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