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Chapter 160 Giant Cotton Textile Stock Listed

The city councillor election is over.

The result was beyond the expectations of many people.

In the last three days, Luo Yin was like a dark horse, from tenth to second place!

If he is given another day, it may not be a problem to be the first.

However, it is not bad. Luo Yin was successfully elected as a member of Qiongbi City Councilor with the good result of the second place.

The inauguration ceremony was on May 15th, half a month later.

Some people were surprised and some were angry, but they had nothing to do with Luo Yin.

Before taking office, Luo Yin finally got idle.

May 1st afternoon.

Jumei Company, conference room.

"Congratulations to Mr. Luo Yin, no, you should change your words to the noble Mr. Luo Yin!"

Novia smiled and walked to Luo Yin to sit down.

"Just call my name, my wife."

Luo Yin looked serious.

He, the city councillor, has no capital to show off in front of Novia, the MP.

Novia felt that Luo Yin had no humorous cells today. Little did she know that Luo Yin didn't want to give her the opportunity to show off.

"Your campaign has just ended. If you don't have a good rest, why are you looking for us to do?"

Although Novia's tone seemed a little rude, the care in her eyes could not be faked.

Luo Yin pointed to his head and said:

"I have some ideas and want to discuss with you."

"Oh? Then I'm looking forward to it!"

Novia's eyes lit up.

Soon, Plain and Henry walked in first.

"His Excellency Mr.!"

When the two saw Luo Yin, they greeted him with a smile. They were happy that Luo Yin won the election of parliament.

"Sit down, I'm here to come to you today. I want to discuss something with you. I wonder if you have heard of 'stocks'?"

Luo Yin looked at everyone and said.

"stock?"

The few people were stunned, obviously they had never heard of this thing.

Luo Yin was not surprised. After all, he had investigated that neither the United Kingdom of Stokato nor the surrounding kingdoms had stocks. As for the further distance, such as the Tianlang Empire, he didn't know.

Novia asked tentatively:

"Listen to the name, is it related to shares?"

"That's right." Luo Yin nodded and explained, "Stocks are ownership certificates issued by the company. They can be understood as shares, but they are more convenient for circulation in the market..."

Stocks have appeared in the Case Empire. Luo Yin didn’t know what the stocks in the Case Empire were like. He could only talk about them according to his own simple understanding.

After listening to it, the three of them fell into thought.

They didn't fully understand for the time being, but they vaguely felt that they had grasped something.

"That is to say, it is easier to trade stocks than shares, and the minimum amount of transaction is not high, unlike shares that are usually traded at 1%..."

At this time, Henry slowly spoke. He is from the financial industry and is more sensitive to these things.

"Mr. Henry has slowly understood."

Luo Yin nodded approvingly.

"I'm going to make an attempt to let our Jumian Company issue stocks and see how it works."

Plain asked:

"How to do it specifically?"

He was very interested in the stock that Luo Yin mentioned.

"First of all, I will establish a trading market. There must be a professional place to buy and sell stocks. I'm already doing this, so you don't have to worry about it."

"Then, our Giant Cotton Company wants to go public, which means to issue stocks. Put these stocks in the trading market for everyone to buy and trade."

"Finally, I need us to discuss how many shares are issued and how much money is per share..."

"So now, what are your opinions?"

Although Luo Yin could not listen to them, this was a big deal after all, so Luo Yin still asked.

"I have no objection!"

The three of them were all shiny and they said in unison.

"Okay, since everyone agrees, let's discuss it."

Half an hour later, the four of them had almost agreed.

Dajiu Cotton Company is valued at 5 million.

The price is very low. After all, it is worth two or three million yuan just for various factory equipment and fabrics. In addition, the cash in the account... Not only is five million yuan not much, but it is a little less.

The reason why the valuation is so small is because Luo Yin plans to let the investors hype up the price themselves! This is more convincing than he said himself.

After all, it is the first stock in the kingdom, and Luo Yin is ready to be cautious.

Then Luo Yin divided the shares of Jumian Company into 1 million shares, which is 5 United Coins per share.

If you trade, it will be at least 100 shares at the moment. Because it is an offline transaction, if you trade one by one, the workload will be a bit too high.

Finally, we decided how many stocks to put into the market.

Henry and Plain have relatively few shares, one with 3% and the other with 5%. Naturally, there is no need to invest their shares in the market.

Although Novia has 10% and is interested in offering, Luo Yin did not let him go.

Because Luo Yin's first batch of stocks were planned to be speculated by investors themselves, the current price is not high, so there is no need for them to have this little share.

So Luo Yin decided to take out 5% of the stocks and put them into the market first, so that everyone could speculate first. After the price rose, he would invest 10% to make himself a little money. He recently ran for the election and opened a bank, and he had no money in his hands.

He took out a total of 15% of the shares, and he still had 67% of them, which was exactly two-thirds, and he had an absolute controlling stake.

After all, this is the first time trying, and it is not to make money, so there is no need to take out too many shares to sell.

After the discussion was completed, Luo Yin began to prepare.

It is not difficult to build a stock exchange. After all, there is only one thing like stocks at present, and there is only one stock, which is not that complicated.

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Luo Yin was planning to build an exchange building directly, but now there was not enough time. While asking Luke to help find someone to build a construction, he bought a factory near Jumian Company to serve as a temporary exchange.

Two days later.

Jumian Company announced a news to the outside world.

They divided 100% of their company's shares into 1 million shares, and they planned to issue them to the public at 9 a.m. tomorrow. Each share will be initially sold for five yuan, and they will enjoy shareholders' equity on a first come first served basis.

As soon as the news came out, the citizens were a little confused at first, but after reading the text carefully, they were suddenly excited.

Simply put, this is why Jumei Cotton Company is going to sell shares! It just divides the shares into smaller units. This is just right and it can be convenient for everyone to buy. After all, not everyone can take out tens of thousands of United Coins at once.

And everyone soon discovered that Jumian Company issued 1 million shares, only 5 yuan per share! In other words, they valued themselves 5 million?

This is too low!

After all, the outside world is valued at tens of millions!

So doesn’t this mean that buying means making money? Jumei Cotton Company is completely giving benefits! What is a conscientious enterprise? This is!

May 3, early morning.

Outside the temporary exchange.
Chapter completed!
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