Chapter 163 Backdoor Listing Plan
When Qiao Yanqiu saw that Chen Kangnian intended to support this proposal, she was secretly proud of her. She was responsible for the financial report of Shen’s Overseas Group, of course, they were all fake!
Qiao Yanqiu obtained her master's degree from the School of Finance of the University of Pennsylvania in the United States and held important positions in several Fortune 500 companies in the United States. She is familiar with the operating procedures of American companies. She is good at doing such fake accounts.
Although Shen Zhenwei, as the vice chairman and president of Shen Group, should be the second-largest person, in fact, he always agrees with his father Chen Kangnian when he holds a board meeting.
In the end, Chen Kangnian still went against the opposition and decided to pass the final vote of the board of directors to decide whether to inject additional US$500 million into Shen's Overseas Group.
The vote began with a slim move, and the board of directors, 25 members, thirteen to twelve, passed a proposal to inject additional US$500 million into Shen's Overseas Group with a slight advantage.
The power group represented by Chen Kangquan and Qiao Yanqiu won again, but Qiao Yanqiu was the real winner, because Shen's overseas group had actually been under control by her for a long time... After the Spring Festival, Tengyi's shareholding system was successfully transformed, and Chen Yi decided to start the company's listing plan.
At present, the most realistic thing is to log in to the GEM first. Judging from the listing conditions of the GEM, Tengyi Company can only choose to split some of its businesses and list.
The GEM mainly absorbs new technology companies, which are often established for a short time and have a small scale, but have good performance.
After Chen Yi considered it comprehensively, Tengyi Company could only choose to list Tengyi Electronics Technology Company. Tengyi Electronics' current main product is Tengyi Extreme Computer. In addition, there are solar photosynthesis fiber neon lights, which also have a certain sales volume.
Since this neon light has played a powerful role in the lighting lighting project of Nanzhong City, many cities near second- and third-tier cities have contacted Tengyi through various channels, hoping to buy this neon light and use it for lighting lighting in this city.
Someone took the initiative to send money. Of course, Tengyi Company has refused everyone and sold this solar photosynthesis fiber neon light in large quantities, creating certain economic benefits.
With these two products as a backing, I have the confidence to apply for listing on the GEM. Because the real estate development made a lot of money, Chen Yi increased his capital investment in the R&D department, allowing Qin Wei to recruit more technical talents. He seized the time to overcome the technical patent issues in Tengyi's ultimate laptops, and at the same time he had to speed up the research and development of tablets.
If it can be successfully listed, with a large amount of capital injection, Tengyi's tablet computer will be launched faster.
However, applying for listing is a long process for any company. Many companies apply for it and review it step by step for three or four years to finally obtain listing qualifications.
Chen Yi really can't wait that long now, so the ideal result is to "backed listing".
So he immediately called Lin Fei from the Public Relations Department and told her about her recent work priorities. In addition to paying close attention to the dynamics of competitors, she should also pay attention to collecting some companies on the ChiNext that are facing the risk of suspension and delisting, and see that the other party has no intention of selling the "shell" to Tengyi Electronics.
If you can buy a suitable "shell" and go public through a backdoor listing, Tengyi Company has taken a shortcut to listing.
Although the GEM has recently introduced many new rules, it has not blocked the backdoor of "backdoor listing". The key is to find an ideal "shell".
Chen Yi asked Lin Fei, the Public Relations Department, to use all means and resources to find this ideal "shell" as soon as possible, and then immediately enter the negotiation stage of "backdoor listing".
A month later, Lin Fei submitted a document, all of which were companies with poor performance in the GEM and faced suspension. There were a total of five companies that could operate "backed listing" on the "backed listing".
Chen Yi carefully browsed the information of these five companies. One of them was called "Yongda Electronics". Why did he look so familiar? He hurriedly found Lin Fei and asked: "Minister Lin, did the Yongda Electronics company in this place use all means last year to force it to repay the loan in advance? Is the boss called Lai Yongda? "
"Yes, it's this company. Yongda Electronics received a $20 million investment from Sequoia Capital last year and successfully listed on the GEM at the end of the year. The company's listing journey lasted for three years, but its performance after listing was poor because the company mainly operates an emerging type of e-commerce - group buying network. At the beginning of this year, domestic group buying websites experienced the test of the severe winter, and large group buying websites have shrunk, and a large number of small and medium-sized group buying websites went bankrupt. The Meizi Group Buying Network, a subsidiary of Yongda Electronics, was also impacted, resulting in the entire company's stock price running at a low level on the GEM and facing the risk of suspension of trading several times." Lin Fei said in detail.
"Does Yongda Electronics intend to sell shells? After all, our company has had some fun with him in the past. You know this best. In order to force them to pay off their debts as soon as possible, you used a lot of methods." Chen Yi smiled.
"Haha, today is different! Yongda Electronics is now a declining world. The standard junk stocks in the GEM are now. The boss Lai Yongda is preparing to transform into health products. The Meizi Group Purchase Network, a subsidiary of Yongda Electronics, is also half-dead. If no one takes over, after the delisting system of the GEM is improved, Yongda Electronics will definitely be one of the first companies to delist! I think Lai Yongda will not be so stupid that he missed the great opportunity to sell shells and exchange money because of a small holiday in the past." Lin Fei said.
"Okay, then we will choose Yongda Electronics first. After all, this is a company in Nanzhong City, which is more convenient to operate. You can send someone to contact Yongda Electronics to see if the other party intends to sell shells." Chen Yi said.
"Well, I'll do it right away." Lin Fei nodded and turned around and left the office.
Chen Yi sat in the boss's chair, closing his eyes and pondering that Tengyi Company wanted to split the electronics business and go public. At present, he urgently needed a financing consultant who knew the operating procedures of listed companies. Who should I find as this consultant?
Suddenly, he thought of the best candidate - finance teacher Song Xinyan!
I heard that Song Xinyan is a master's degree in finance from Harvard University in the United States. She has worked as a financing consultant in three Fortune 500 companies in the United States and is proficient in stock operations. She is the best candidate.
After Chen Yi learned about Song Xinyan's glorious history, he often had a question: How could such a successful person who once served as a senior white-collar worker in the Fortune 500 companies suddenly resign from those promising positions and return to China to become an ordinary university teacher?
But no matter what, Chen Yi felt that he had saved Song Xinyan and had a good relationship with her teacher and student. Some time ago, he asked her to help him make money by trading stocks. Teacher Song should not refuse to be his financing consultant.
So, Chen Yi immediately called Song Xinyan.
"Hello Chen Yi, have you really not come to school for classes recently? I haven't seen you for a long time!" Song Xinyan answered the phone and chuckled softly.
"Teacher Song, am I busy doing my business! I remember you said before that you want to come to my company as the financial director. Unless my company goes public in the future, I am recently studying the company's listing plan." Chen Yi said.
"Ah? You said your company is going to go public?" Song Xinyan's tone was obviously surprised. Chen Yi, a company that had just been established for less than two years, was going to go public and raise funds? Is this too fast?
"It is a backdoor listing, and there is a greater chance in the ChiNext." Chen Yi quickly explained.
"Oh, is there any progress? It is not easy to go public through a backdoor listing on the GEM!" Song Xinyan secretly praised Chen Yi's direction as correct. With Tengyi's current situation, if you want to go public quickly, there is indeed only the path of "backdoor listing" that can be taken.
"So, I want to ask you to be our company's financing consultant and help us operate the specific work of backdoor listing... Teacher Song, I am your disciple, you won't refute my face, right?" Chen Yi said with a smile.
"Okay, because you are my life-saving benefactor, I can be this financing consultant, but working hours cannot delay my normal class." Song Xinyan said.
"Teacher Song, I know that your university teachers are actually very leisurely. You will be fine after class every day. You don't have many classes. Besides, you are all my financing consultant. When my company goes public in the future, you will still serve as the financial director. What classes are you still teaching at Nanzhong University? Come to work in our company!" Chen Yilang smiled.
"Chen Yi, I just promised to be your financing consultant, but I didn't say I wanted to be your company as a financial director!" Song Xinyan said in confusion.
"Teacher Song, don't cheat! You used to personally agree to me that as long as my company goes public, you will accept my invitation to be the financial director of our company." Chen Yi said.
"I'm talking about companies listed on the main board. If you list on the GEM, it still doesn't meet my requirements." Song Xinyan thought about what she had said before and quickly defended herself.
"Oh, Teacher Song has such a good memory?" Chen Yi wanted to be careless, but he didn't expect Song Xinyan to buy it.
"Okay, Chen Yi, keep working hard. It's not easy to list on the GEM. Let's move forward step by step!" Song Xinyan said.
"Okay, you should be my financing consultant first. I will give you a part of the equity in the listed company I will establish in the future." Chen Yi said seriously.
"No, I'm just helping you out of repaying your life-saving grace. If you feel really sorry, just give me some hard work." Song Xinyan said.
"Haha, it really surprised me that Teacher Song is so generous!" Chen Yi smiled. In fact, what surprised him even more was that Song Xinyan agreed to be a financing consultant for Tengyi Company's listing so quickly.
"Come to my office in the afternoon. I didn't have classes in the afternoon. I will tell you about the issues related to backdoor listing. It is to give you some small cooking and make up for your lessons." Song Xinyan said.
"Okay, I'll go there, goodbye." Chen Yi put down the phone and continued to work...!~!
Chapter completed!