Galactic Tech Empire

Chapter 259 Stock Exchange
3 month 3 day.

Keelung City, East Island, headquarters of Tianhan Group.

Wang Zhiqiang, Li Jianhua, Zhuge Sansheng, Du Lisha and others gathered together.

"We have completed the rectification of the East Island Stock Exchange, and now the East Island Stock Exchange has been renamed the Keelung Stock Exchange." Wang Zhiqiang said first.

"In this case, our plan can start." Zhuge Sansheng smiled and clicked on the holographic projection.

The Keelung Stock Exchange is a securities market controlled by the Galaxy consortium. Since it would be too troublesome to change the rules for domestic A-shares, Galaxy Technology simply played by itself.

The rules of the Keelung Stock Exchange are similar to those of the Milijia stock market.

However, the Keelung Stock Exchange has some mandatory regulations. The first is the dividend distribution system. In principle, dividends are distributed four times a year, and each dividend is 40-60% of the net profit of the quarter; if within three years, the accumulated dividends are less than 6 times, it will be forced to delist.

The second is the classification of equity, which is divided into Class A with the same rights for the same shares and Class B with the same rights for the same shares with different rights.

The third is the proportion of shares issued. Class A is a minimum of 20% listed, and Class B is a minimum of 40%.

The fourth is that the buyer must be a citizen of Dongtang or an institution or company registered in Dongtang.

The fifth is the compulsory credit system. Anyone who has committed economic crimes (including bank dishonesty and debt ratio exceeding 30%) is not allowed to buy stocks issued in the Keelung stock market.

The sixth is the mandatory shareholding system. Mars Securities Company and Meteor Shower Securities Company will compulsorily hold a part of the shares of listed companies, and the proportion is no less than 20% of the listed companies.

As for which companies require mandatory shareholding, it is mainly the companies of the Milky Way and Tianhan, and non-Galaxy and Tianhan companies are not required to hold shares.

If a Galaxy company listed on the Keelung Stock Exchange has a listed shareholding ratio of 50%, then the combined shareholding ratio of Meteor Shower Securities Company and Mars Securities Company should not be less than 10%.

Of course, there are restrictions on this mandatory shareholding. For example, Mars Securities and Meteor Securities cannot interfere with the daily management of the company, or sell these shares. If the company is delisted, the shares will be redeemed at the original purchase price.

The reason why this system is set up is mainly to ensure the safety and stability of listed companies in the Milky Way. Once someone blocks the shares of listed companies, listed companies can implement contingency plans with securities companies. After all, sometimes 10% of the shares can determine the ownership of a company right.

In addition, the punishment imposed by Keelung Stock Exchange is very heavy. Once the law is violated, the fine is calculated based on all illegal income plus 50-300% of illegal income.

The illegal income part of the total amount of fines will be returned to all shareholders in proportion (except for those who were punished), and the remaining 50% will also be distributed to shareholders (except for those who were punished), and the rest will be confiscated by the China Securities Regulatory Commission. .

This is done to encourage shareholders to report violations.

"Mr. Li, how many companies in the Milky Way can be listed on the Keelung Stock Exchange?" Wang Zhiqiang asked.

Li Jianhua turned on the holographic computer.

[Raytheon Electric Vehicle, Yadi Company, Haifeng Wind Power, Hony Battery, Surging Tram, Green Earth Supermarket, City Trading Network. ]
"This is the first batch of listed companies, and we need to study the others." Li Jianhua said.

Wang Zhiqiang nodded, and then he clicked on the listing list of the Tianhan Department.

[Aima Electric Vehicle, Xiaoxiong Battery, Qisha Company, Sanxin Electronics, Taiji Electric, Dongdao Electric Power, Dongdao Water Supply. ]
"These are the listing lists of the Tianhan Department."

"Let Lisa and me arrange the listing of these companies!" Zhuge Sansheng knew that the next thing would be the work of their financial group.

"Then please."

"It's a matter of duty." Du Lisha's tone was still cold.

The Mars Group and the Meteor Shower Group have assembled a large number of key financial personnel to study how these listed companies operate.

"Lisa, which companies do you think should go public first?" Zhuge Sansheng asked.

"Taiji Power, Dongdao Water Supply, Yadi Company, and Haifeng Wind Power are more suitable." Du Lisha expressed her opinion.

Think about it in the three provinces of Zhuge. Among the four companies, Taiwan Base Electricity and Dongdao Water Supply represent Dongdao local and Tianhan systems, and Yadi Company and Haifeng Wind Power represent Dongtang and the Milky Way.

At the same time, the valuations of these four companies are not small.

Zhuge Sansheng nodded: "The first batch of listed companies will determine Taiji Power, Dongdao Water Supply, Yadi Company, and Haifeng Wind Power."

After deciding on the list, the next step is to value the four companies.

Taiji Electric's overall valuation is 5000 billion Mars coins, and the type of stock it plans to issue is Class A, with a ratio of 30%. Excluding 6% of mandatory shares, tradable shares are 24%.

24% of the tradable shares are 1200 billion Mars coins or Huayuan, and it is planned to issue 120 billion shares at 10 Mars coins per share.

The total valuation of Dongdao Water Supply is 200 billion Mars coins, the issuance type is Class B shares, the ratio is 50%, and the tradable shares are 40%.

40% of the tradable shares are 80 billion Martian coins, and it is planned to issue 8 million shares at 10 Martian coins per share.

The total valuation of Yadi Company is 400 billion Mars coins, the type of issuance is Class A shares, the ratio is 30%, and the tradable shares are 24%.

24% of the tradable shares are 96 billion Martian coins, and it is planned to issue 10 million shares at 9.6 Martian coins per share.

The total valuation of Haifeng Wind Power is 600 billion Mars coins, the type of issuance is Class A shares, the ratio is 30%, and the tradable shares are 24%.

24% of the tradable shares are 144 billion Martian coins, and it is planned to issue 10 million shares at 14.4 Martian coins per share.

The four companies add up to a total of 148 billion shares, and the total issue price is 1520 billion Mars coins.

Mars Group and Meteor Shower Group conducted a comprehensive assessment of the situation of the four companies.

In fact, these stocks issued by the Galaxy consortium are not for people to speculate in stocks, but focus on dividends.

四个公司的财报上面，亚迪公司去年的盈利是71亿华元，主要的盈利项目是电动车销售（47%）、电动车零配件（12%）、充电站综合（37%）、其他（4%）。

In other words, Yadi's average quarterly profit is 17.75 billion Chinese yuan.

而24%的流通股就是4.26亿华元，按照40%的利润分红比例计算1.704亿华元，平均1股分红0.1704华元，一手分红17.04华元。

买个100手，一年就有6000～7000华元的分红，相当于年利率6～7%左右。

The same is true for the other three companies. Of course, if you want to speculate in stocks, you can choose as long as it is not illegal.

In fact, the dividend ratio of listed companies such as the Galaxy Consortium will not choose 40%. If the profit is considerable, it is generally about 50-60% of the profit.

The main reason is that the Galaxy consortium intends to suppress short-term speculation in the market and return the market to more stable long-term investment.

Those iron roosters in the domestic A-share market will only encourage short-term speculation. After all, they have not paid dividends or paid a little dividend for several years.

This is a sick situation. Listed companies do not pay dividends, which is very detrimental to the long-term and healthy development of the stock market.

Therefore, the emergence of the Keelung Stock Exchange is to force the domestic stock market into a virtuous circle, and it is not a capital game where big fish eat small fish.

After all, in the capital game where the big fish eat the small fish, it is always the retail investors who are injured, and institutions have many ways to avoid losses and even transfer losses.

Therefore, it is necessary to protect retail investors and restrict institutions from cutting leeks, especially Dongtang's domestic stock market. As the stock market with the largest number of retail investors in the world, if it wants to develop soundly, the interests of retail investors must be protected.

(End of this chapter)