Chapter 179 C&D Listing

ST Jiayi's stock price fluctuated abnormally for two consecutive days, and even the legendary "sky floor" market, all of a sudden, the company's securities affairs representative and the secretary of the board of directors were blown up, and people from all walks of life flocked to it, even the company's chairman Huang Youcai was asking, what happened?

"The company's stock price fluctuates abnormally, hurry up and find out, who is behind the scenes?"

After closing, Huang Youcai saw that the company's stock price was up and down, and he was not the slightest excited, but felt inexplicably afraid, and he yelled at the secretary of the board of directors with a haggard face, at this moment, the bewitching figure of the secretary of the board of directors could no longer attract his sexual interest.

As the chairman of Jiayi Chemical, Huang Youcai looks like a beautiful person, but in fact, the past two years have been particularly difficult.

After Jiayi Chemical went public, he became a well-known entrepreneur in Haizhou. In the last bull market, he reduced his holdings at a high level and became one of the few richest people in Haizhou.

Unfortunately, the good times did not last long, as the company's stock price continued to fall, Huang Youcai's nominal value and actual wealth growth shrank sharply. After the factory explosion last year, the company was mired in the mud, not to mention the operating loss, and even the stock became ST with a cap.

Seeing the big boss turn his face, the secretary of the board of directors was also uneasy, and after a while, she took a fax and trotted all the way into Huang Youcai's office, and said with a panicked expression: "Boss, we have been raised!"

When Huang Youcai heard this, he immediately sat down on the boss's chair, and instantly aged a lot, and this day finally came. Over the years, as he and his family members have continued to reduce their holdings, he has long lost control of the company, and now he has finally tasted the bitter fruit.

Seeing that the boss looked defeated, the secretary of the board of directors was also bitter, the company was acquired, and her good days were coming to an end.

After the closing, Ding Jianye hurried back to Haizhou, and he found Huang Youcai, chairman of Jiayi Chemical, for a showdown overnight.

In the face of Ding Jianye's aggressive momentum, Huang Youcai wanted to tear his face, but he had to accept Ding Jianye's conditions.

C&D acquired 60% of the shares of Jiayi Chemical through the secondary market, and can forcibly convene the board of directors at any time, re-elect the chairman, and take over the company.

"C&D is ultimately a backdoor listing, and I can cooperate with you to restructure, but I also have my conditions!"

Seeing Ding Jianye's tough attitude, Huang Youcai knew that the general trend was gone, so he had to put forward additional conditions. He knew Ding Jianye's intentions, so he proposed that in the process of C&D's reorganization of Jiayi Chemical, he would personally fund the acquisition of the core chemical business under the name of Jiayi Chemical.

Jiayi Chemical is half his life's work, even if the two years are difficult, he has not given up the operation, as long as there is a factory, he still has hope to make a comeback.

Huang Youcai's conditions, Ding Jianye did not lower the price again, he wanted the shell of ST Jiayi, and he had no interest in operating a chemical plant. After C&D's backdoor listing, the chemical sector business remaining in the listed company will be divested.

In this way, in Huang Youcai's office, under the witness of the lawyers and finances of both parties, he signed a major asset restructuring agreement with Ding Jianye with a bitter face.

In the evening, while the stock exchange disclosed the trading data of the Dragon and Tiger List, ST Jiayi also issued a suspension announcement on the planning of a major asset restructuring.

According to ST Jiayi's suspension announcement, the company intends to purchase 100% of the equity of Modu C&D Real Estate Development Co., Ltd. through a series of transactions such as major asset sales, issuance of shares to purchase assets and raising matching funds, and after the completion of the restructuring, ST Jiayi will be renamed Modu C&D Real Estate Development Co., Ltd.

"It's Ding Jianye's ghost again, it's difficult for me to fight with him? Why do you encounter it every time!"

Seeing ST Jiayi's suspension announcement, Fan Dayong knew who they guessed was. But it was already too late, while he was disappointed, he also had some regret in his heart, and he should have decisively entered the morning game and grabbed more chips.

"ST Jiayi's suspension and restructuring is a major positive, according to the current market sentiment, doubling earnings is certainly not a problem, these earnings can offset the company's financial expenses this year, and we have also learned a hand!"

Seeing Fan Dayong's dejected appearance, Fan Xiaofeng persuaded him with good words, he is a person who understands current affairs, and there are several listed companies in the A-share market that are similar to ST Jiayi, and they can completely operate again according to the gourd.

Because of C&D's backdoor, ST Jiayi has become the hottest stock in the capital market. C&D's current business is mainly concentrated in Haizhou, in addition to the two land king projects, there are also the development projects of the affiliated company Haizhou Amusement Park, in terms of construction area, the company has a reserve project of 1 million square meters, according to the current real estate market, the valuation of this asset alone exceeds 10 billion yuan.

Regardless of the follow-up expansion, C&D only completes the development of the projects currently held in hand, and there will be more than 1 billion yuan of net profit every year, and according to the average price-earnings ratio of 10 times that of listed real estate companies, the reasonable valuation of C&D should be about 10 billion yuan.

Of course, no matter how much C&D's valuation is, it is more symbolic for Ding Le, and the biggest advantage of this backdoor listing is that C&D has the identity of a listed company, and subsequent public bond financing has become possible. At present, when listed companies issue bonds, the interest rate and various expenses are only six or seven points, and the financial cost is much lower than that of borrowing from banks.

C&D's listing has completely solved the problem of tight funds, and in the future, the company can raise funds through various methods such as bond issuance, private placement, and equity pledge, instead of relying on traditional bank loans to meet the company's development needs as before.

Seeing ST Jiayi's suspension announcement, Ding Le thought that the matter of C&D's listing could be overturned, but what he didn't expect was that with the official emergence of C&D's backdoor, as a shareholder of C&D, Galaxy Investment appeared in the public eye again and received great attention from the media for a while.

"The real estate market is hot, and the stock god announces its official entry", "C&D goes public, exposes the wealth empire of the Ding family", "Galaxy Investment re-layout, and touches the real estate industry"......

The media rushed to report, like adding fuel to the fire, C&D's backdoor listing became the hottest topic in the market for a while, looking at the various gossip reports of the financial media, Ding Le couldn't cry or laugh, now neither Galaxy Investment nor himself needs to attract attention in this way, it has passed that stage.

After the media hype, with the blessing of the "stock god" halo of Galaxy Investment, C&D is bound to enjoy a higher valuation after its listing.

C&D's successful listing also brought unexpected wealth to minority shareholders Ding Wei and Su Hua. After the death of his friend Su Weidong, Ding Jianye took over the real estate company on behalf of his friends to repay debts, he left 5% of the shares to Su Weidong's wife and daughter, and later diluted it after several capital increases, before listing, Ding Wei and Su Hua also held 2.5% of C&D's shares. After listing, the market value of their holdings will exceed 250 million yuan, plus annual dividends, Ding Jianye has fulfilled his original promise.

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