Li Yan casually flipped through the project book thrown by Gongsun Qi.

The content is very concise, and there is no preamble to the spirit of the long instructions and the implementation of the ideas like the official documents. Most of them are to the point, and you can see the core text at a glance.

Pursing his lips, Li Yan's fingers slowly slid on the project book. When his fingertips fell on the content of the backdoor listing, his brows furrowed slightly.

The core of the backdoor listing is of course clear to Li Yan, which refers to a private company that obtains a certain degree of controlling interest in a listed company by injecting assets into a listed company with a low market capitalization, and uses its status as a listed company to make the assets of the parent company listed. Usually the shell company will be renamed.

It's just that Li Xiaoteng's handwriting this time is a bit big. I chose a company with basically equal profits and liabilities and basically good operations.

"Silver Seed?" Li Yan looked up at Gongsun Qi, who was sitting opposite him, squinted his eyes and whispered to him, and then said, "Such a big listed company, can we get it down......?" It's too eye-catching, and when the time comes, all the media will be staring at this backdoor attempt!"

Gongsun Qi smiled faintly, flicked the project book in his hand and said: "Why can't the silver seed, he is big! But his capital-liability ratio is also high, and the slogans outside are shaking the sky, do you think he is really that good?"

Listening to Gongsun Qi's words, Li Yan smacked his lips. There was a taste of words in these words, and Li Yan naturally easily realized it.

"Could it be that they are very seriously indebted?" Li Yan pondered for a moment before asking Gongsun Qi, who was sitting across from him.

"Hehe, I'm about to jump off the building. Now they're borrowing money like crazy to resist. But none of the insiders who know Silver Seeds want to throw money in a puddle! If they can change, they need to, but alas...... The money is just a continuation of resistance, and then a loss. Just like the black metal supported by the state now, silver seeds are not overcapacity, but they can't be sold at all!" After Gongsun Qi finished saying this, he immediately smiled and said: "No one wants to take their hot potato, their annual report is seriously fraudulent, and the first quarterly report has been audited to find a lot of problems, and Brother Teng has helped them." ”

Li Yan nodded clearly, after all, for many companies that are in a hurry to go public, being able to raise funds is more important than anything else. As long as it can be listed, the backdoor cost is good, and whether there is IPO financing will not be a problem, because if it can be listed, it will be able to raise additional financing.

But what about after the listing?

If a listed company loses money all the way, if it can't boost the stock price after several financings. To boost the confidence of investors, then refinancing will inevitably encounter great resistance. It is even said that there may be a phenomenon of not being able to raise funds.

Voting with your feet has always been a common drama in the capital market.

"Brother Teng is already talking about mergers and acquisitions, and he is about to enter the asset replacement stage. Since the backdoor listing of the shell company is already a listed company, the backdoor company cannot enjoy a large amount of IPO financing, and it has to spend a lot of money to buy the shell company, which is also a relatively large pressure on the Linteng system. Therefore, when the project comes out, the capital cost in this regard needs to be borne by all the institutions involved in the project. So Li Yan ......" Gongsun Qi shook the project book in his hand and continued: "We have reached a consensus that every company participating in the project must buy a ticket when you get on the bus!"

"Buy a ticket?" Li Yan frowned and muttered in his heart. Then a term came to Li Yan's mind: empty glove white wolf?

In Li Yan's view, Lin Teng wanted to minimize his own risks. Let everyone strapped to his chariot share these risks.

Think about it, people are looking for people to sit together with such a good project, why should people put all kinds of risks above their heads? If it were themselves, they would definitely throw these risks out directly, and let others carry them for themselves is the right reason!

Admittedly, this is the truth. But Li Yan knows better that the funds in his hand are not abundant, how much money can he take out to participate after buying a ticket?

The corners of Gongsun's mouth curled, and he leaned back. said indifferently: "You also know that backdoor borrowing is also a very expensive thing. Other investment institutions only very optimistic companies will go public through backdoor listing......"

"That...... Didn't you just say it, Silver Seeds are in high debt, how expensive can their shells be?" Li Yan heard Gongsun Qi's voice, and quickly interrupted him.

"Hehe......" Gongsun Qi sneered twice, and he didn't expect Li Yan to be particularly easy to fool, so he was relieved when he thought about it. If Li Yan is really so easy to fool, can he step by step from an ordinary small employee in a securities company to the position of the leader of the Demon Hunting Alliance?

Of course, Li Yan has too much luck in it. But why doesn't there be a part of Li Yan's own obsession in this?

"A listed company that is about to be delisted or has been warned by risk is still worth 80 million. Not to mention the companies on the main board. The official offer is generally between 280 million and 300 million. And there are hundreds of millions of holes behind the silver seeds......"

"Do we need to fill these holes too?" Li Yan subconsciously asked Gongsun Qi after saying a word, and saw a disdainful expression flash in Gongsun Qi's eyes.

The conversation between the two instantly became a little awkward.

"I thought Li Yan understood everything, but I didn't expect me to tell him. Gongsun muttered a few words in his heart, and then sighed. Thinking about Li Xiaoteng's instructions to himself, he said stubbornly: "There are many ways to control the control of listed companies through backdoor trading, some fast and some slow. If you want to play slowly, you can choose the method of indirect acquisition, for example, through the acquisition of the parent company of the shell company, to achieve indirect control of the listed company, which we cannot afford for a long time. Of course, Silver Seed can also be allowed to issue new shares to the listed companies controlled by our Linteng system. ”

"This time is also relatively long, right?" Li Yan smiled bitterly at Yang Muye.

"Damn, it's not a long time. The listed company controlled by our Linteng system is mainly engaged in entertainment media, and we have run over to get the liquor industry, and the span of such a large time directly affects the company's stock price. It's easier to be targeted by the media and officials!" Yang Muye glanced at Li Yan with disdain, and then said patiently: "So the best way to acquire, the fastest way is to sign an agreement with the Silver Seed Shareholders to transfer shares. ”

Li Yan nodded clearly, and then listened to Gongsun Qi continue: "The holding ratio of Silver Seeds is very small, most of them are circulating in the market, and the transfer by agreement is one thing, let's also acquire shares from the secondary market to gain control......! If the debt is not filled in by others, can they transfer it to us by agreement?"

Li Yan suddenly felt a deep sense of powerlessness, according to Yang Muye's words. If you want to pry the silver seed wine, you can't play it at all if you have less money! Isn't the fare too expensive to get on the bus?