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Chapter 407 Mr. Zhao sits firmly on Diaoyutai

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    On the eighth day of the lunar month, as planned, Xishan Coal will hold its first general meeting of shareholders in Diaoyutai, west of Beijing.

    But after hearing the news, the wealthy and prominent families in Beijing gathered in Diaoyutai.  The dignitaries and their agents crowded the Qinglu Hall, making it impossible for the conference to proceed smoothly.

    The shareholders of Xishan Coal had to hold urgent consultations and finally decided to postpone the shareholders¡¯ meeting for one day and change it to a share sale meeting today.

    The excited nobles finally calmed down a little and listened to Mr. Zhao describing today's process:

    In the morning, Zhao Hao personally explained the status of Xishan Coal Industry, including resource reserves and business direction, as well as the bright vision for the future.

    Then Xishan Coal will provide a sumptuous lunch for all the distinguished guests.  In the afternoon, the formal bidding will be held. Whoever wins and who does not win will have the results on the same day.

    Because there were so many people listening to the lecture, Zhao Hao simply set up the podium on the water in the middle of the lake with willows and embankments hanging down.

    It was April, and the Diaoyutai was extremely beautiful with drooping green willows and blooming flowers.

    But the more than three hundred guests had no time to look around, and they all listened to Mr. Zhao's explanation with rapt attention.

    "The full name of Xishan Coal Industry is Royal Xishan Coal Industry Co., Ltd. It originated from the kindness of Emperor Longqing. He could not bear to sit back and watch the refugees in the capital suffer from hunger and cold, so he specially ordered His Royal Highness Princess Ning'an to initiate it on behalf of His Majesty, and was initiated by  Her Royal Highness the Princess took the lead in establishing a philanthropic coal company."

    "The company's capital is one million taels of silver, and it currently has 22 shareholders. The current main business is the re-exploitation, transportation and sales of coal resources. At present, the company has reserves of 3,660 coal mines that can be mined again.  It has sixteen mouths and has the most advanced drainage, ventilation, mining, and transportation technologies. The annual output will reach about 15 million tons within one year, enough to supply the daily needs of the people in the capital."

    "The company's production cost per 100 kilograms of coal is a quarter lower than that of ordinary coal mines, and the transportation cost is only half of others. Therefore, we can quickly seize the market while still maintaining a profit level that is much higher than that of the same industry. After  It is estimated that the company's current total asset value is about 22 million taels of silver. It is expected that the first-year revenue will reach between 1.7 million taels and 1.8 million taels of silver, with a gross profit of about 600,000 taels and profit attributable to shareholders.  It¡¯s about 360,000 taels. The dividend is 30,000 taels per share.¡±

    "Wow¡­¡­"

    Hearing this, the distinguished guests whispered excitedly.

    "This is the same as loan sharking!"

    "How can loan sharking be compared to this? Half of the money you give out cannot be recovered, and half of it is exchanged with people. At the end of the year, if you can make a penny, you will be very happy."

    "Yes, just paying dividends in three years can make your money back. Isn't this more cost-effective than anything else?"

    After the distinguished guests vented their excitement, Zhao Hao said loudly:

    "And this is only the first year. We expect that Xishan Coal's production and sales will double in the third fiscal year. By then, wherever the ships go, our Xishan coal will be used!"

    "Then the dividends will also be doubled?" The dignitaries who were in a frenzy believed in Zhao Hao's words and began to look forward to the bright prospect of making a fortune with Xishan Coal Industry.

    "Mr. Zhao, please tell us how to buy it!"

    "That's right, we can't wait!"

    Amid the urging of distinguished guests, Zhao Hao announced the specific rules for the IPO:

    "The company has no plan to issue shares this time. However, in view of the high enthusiasm of everyone, after consultation among shareholders, all shareholders will sell 15,000 shares in proportion. Because there are too many people who want to buy, the shareholders decided to adopt a call auction  pattern, concentrated sales in the afternoon.¡±

    ¡°What is collective bidding?¡± Naturally, the distinguished guests had never heard of this term.

    "I will send you an envelope later, with the specific process written inside. To put it simply, you write the number of stocks you plan to buy and the price per share in the envelope, and put it into this wooden box before the afternoon meeting.  .¡±

    While Zhao Hao was talking, Fatty Tang came out carrying a wooden box with an open top.

    ¡°When everyone¡¯s bidding ends, the bids will be sung on site, and everyone¡¯s bids will be sorted. The person with the highest bid will get the right to purchase until all fifteen thousand shares are allocated.¡±

    After a pause, Zhao Hao opened a pure smile and said: "But Her Royal Highness the Princess is kind and unwilling to take advantage of everyone. She specifically ordered that the lowest transaction price, which is the transaction price of the 15,000 shares, be the price of all transactions. That is,  That is to say, even if you pay a sky-high price of 10,000 taels of silver per share, the transaction will be done at the lowest transaction price without having to pay a penny more."

    "Wow" The uninformed distinguished guests cheered again, deeply moved by the generosity of Her Royal Highness the Princess.

    At this time, Fatty Tang touched? Touching my belly, I realized that things are not simple.

    Based on his understanding of the young master, although Zhao Hao would never let others suffer, he would never lose a piece of meat in his bowl.

    How could the young master let someone take the meat away from his bowl?

    This is unscientific

    Amid the uncontrollable noise of the distinguished guests, Zhao Hao was heard loudly saying:

    "To add the last sentence, all the company's stocks will be free to flow in the future. Buyers and sellers only need to go to the Xishan Coal Mining Head Office in Dashilan to make registration changes and complete the transfer. Of course, the shares can also be listed for sale by the head office.  ."

    ??~~

    After the meeting, the distinguished guests took several boats and went to have meals in the palaces and pavilions scattered throughout the Diaoyutai.

    The lunch is cooked by the cooks of Diaoyutai. The dishes are all kinds of meat and vegetables, and the quality is no less than the imperial meal.

    But everyone couldn¡¯t afford to eat. After only a few bites, they gathered in groups and found a place where no one was around to discuss the matter.

    In the pavilion by the lake, Wang Ting, the censor of Zuodu, Mao Kai, Shangshu of the Ministry of Justice, and Huo Ji, Shangshu of the Ministry of War, all gathered together with their respective stewards.

    The three young masters play well every day, and now they are summarizing the bids for later.

    "You two, how much will we pay later?" Mr. Mao asked the two of them.

    "It's better to go higher," Mr. Wang said, waving his folding fan: "Anyway, the deal will be done at the lowest price."

    "How high should it be?" Mr. Huo asked.

    ¡°One hundred taels, maybe, if you give him an increase of ten times, it will be no problem, right?¡± Mr. Mao said.

    "Yeah, almost." Prince Wang nodded.

    "Yes." Mr. Huo also nodded and agreed: "It sounds good. It will produce 15 million tons of coal in the first year. But the matter of the earth dragon's recovery has not been finalized. It is still unclear whether construction can start this year."

    "That's right, they are bound to lose money this year. It's hard to say what will happen next year. Most people can only pay forty or fifty taels." Mr. Mao slapped his thigh and said: "If we increase it ten times, it will be as high as the sky.  It¡¯s definitely no problem.¡±

    "It's almost the same. In the end, the deal was settled at forty or fifty taels."

    "Okay, it's settled!" Wang Gongzi closed the folding fan, stood up and said, "We all pay a hundred taels, and no one is allowed to change."

    ¡°Whoever becomes a puppy!¡±

    The two young men also stood up, and after high-fiving the three of them, they went back to their carriages to take a rest.

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