Galaxy Technology Empire

March 3rd.

Keelung City, Dongdao, Tianhan Group Headquarters.

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

"We have completed the rectification work on the Dongdao Securities Market. Now the Dongdao Stock Exchange has been renamed Keelung Stock Exchange." Wang Zhiqiang said first.

"In this case, our plan can begin." 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 did it on its own.

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

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

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

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

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 an economic crime (including those with bank dishonesty and debt ratios exceeding 30%) is not allowed to purchase stocks issued in the Keelung Securities Market.

The sixth is the compulsory shareholding system. Mars Securities Company and Meteor Securities Company will compulsorily hold a part of the shares of listed companies, and the proportion is not less than 20% of the listed company.

As for which companies need to hold shares compulsorily, they are mainly companies in the Galaxy and Tianhan systems. Non-Galaxy and Tianhan companies are not required to hold shares.

If a Galaxy company listed on the Keelung Stock Exchange has a listed share ratio of 50%, then the combined shareholding ratio of Meteor Securities Company and Mars Securities Company must 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 company's daily management or sell these shares. If the company delists, 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 Galaxy. Once someone blocks the shares of a listed company, the listed company can implement an emergency plan with the securities company. After all, sometimes 10% of the shares can determine the ownership of a company. right.

In addition, the Keelung Stock Exchange's penalties are very severe. Once the law is violated, the amount of the fine is calculated based on all illegal gains plus 50 to 300% of the illegal gains.

The illegal income part of the total fine will be returned to all shareholders (except those who are punished) in proportion, and the remaining 50% will also be distributed to shareholders (except those who are punished), and the final remaining part 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 Galaxy can be listed on the Keelung Stock Exchange?" Wang Zhiqiang asked.

Li Jianhua turned on the holographic computer.

[Thor Electric Vehicle, Yadi Company, Haifeng Wind Power, Hony Battery, The Paper Tram, Green Earth Supermarket, and intra-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 list of Tianhan series.

[Aima Electric Vehicle, Little Bear Battery, Qisha Company, Sanxin Electronics, Taiji Electric, Dongdao Electric Power, Dongdao Water Supply. ]

"These are the list of Tianhan series."

"Then leave the listing arrangements for these companies to me and Lisa!" Zhuge Sansheng knew that the next thing was the work of their financial group.

"Then it's up to you."

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

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

"Lisa, which companies do you think should be listed first?" Zhuge Sansheng asked.

"The first shots must be loud, and Taiji Power, Dongdao Water Supply, Yadi Company, and Haifeng Wind Power are more suitable." Lisa Du said her opinion.

The three provinces of Zhuge thought about it. Among the four companies, Taiwan Basic Electric Power and Dongdao Water Supply represent Dongdao local and Tianhan system, while 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 be Taiji Electric Power, Dongdao Water Supply, Yadi Company, and Haifeng Wind Power."

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

The overall valuation of Taiji Electric is 500 billion Mars coins. The type of shares planned to be issued is Class A, with a proportion of 30%. Excluding 6% of mandatory shares, the tradable shares are 24%.

24% of the outstanding shares are 120 billion Mars coins or Chinese dollars, and it is planned to issue 12 billion shares at 10 Mars coins per share.

The total valuation of Dongdao Water Supply is 20 billion Mars coins, the issuance type is Class B shares, the proportion is 50%, and the circulating shares are 40%.

40% of the outstanding shares are 8 billion Mars coins, and 800 million shares are planned to be issued at 10 Mars coins per share.

The total valuation of Yadi is 40 billion Mars coins. The issuance type is Class A shares, with a ratio of 30% and 24% of outstanding shares.

24% of the outstanding shares are worth 9.6 billion Mars coins, and it plans to issue 1 billion shares at 9.6 Mars coins per share.

The total valuation of Haifeng Wind Power is 60 billion Mars coins, the issuance type is Class A shares, the proportion is 30%, and the circulating shares are 24%.

24% of the outstanding shares are 14.4 billion Mars coins, and 1 billion shares are planned to be issued at 14.4 Mars coins per share.

The four companies add up to a total of 14.8 billion shares, and the total issuance price is 152 billion Mars coins.

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

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

According to the financial reports of the four companies, Yadi's profit last year was 7.1 billion yuan. The main profit items were electric vehicle sales (47%), electric vehicle spare parts (12%), comprehensive charging stations (37%), and others. (4%).

In other words, Yadi's average quarterly profit is 1.775 billion yuan.

24% of the outstanding shares are 426 million Chinese yuan, which is 170.4 million Chinese yuan based on a 40% profit dividend ratio. The average dividend is 0.1704 Chinese yuan per share and 17.04 Chinese yuan per lot.

If you buy 100 lots, you will get a dividend of 6,000 to 7,000 Chinese yuan a year, which is equivalent to an annual interest rate of about 6 to 7%.

The same situation is almost the same for the other three companies. Of course, if you want to trade in stocks, you can do it. As long as it is not illegal, you can choose whatever you want.

In fact, the dividend ratio of listed companies such as Galaxy Consortium will not be 40%. If the profit is considerable, it is usually about 50 to 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 domestic A-shares will only encourage short-term speculation. After all, they have not paid dividends or paid little dividends for several years. Investors cannot get dividends from stock declines, and in the end they can only make money by speculating on stock price differences.

This is a pathological 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 cycle, and it is not a capital game where the big fish eats the small fish.

After all, in the capital game of big fish eating small fish, the injured are always those retail investors. Institutions have many means to avoid losses or even transfer losses.

Therefore, it is necessary to protect retail investors and limit the cutting of leeks by institutions. Especially the domestic stock market in Dongtang, as the stock market with the largest number of retail investors in the world, must protect the interests of retail investors if it wants to develop healthily.