Chapter 175: Ding Jianye also wants to go public through a backdoor listing

At the beginning of the year, during the "two sessions," the central government clearly put forward the economic growth target of "guaranteeing eight guarantees," and under the guidance of this ideology, various economic stimulus plans were launched in an all-round way.

With the implementation of macroeconomic policies and preferential measures, real estate consumer confidence has been re-established, and the long-suppressed rigid demand has fully exploded under the drive of the policy, and the transaction volume has shown a blowout rise, and the average transaction price has also achieved a triple jump in the short term.

As the A-share market continues to pick up, many real estate companies have started their listing and financing journeys in order to solve the constraints of funds.

At present, taking the conventional listing route, not only have to go through the review checkpoint, but even if you pass the review of the Issuance Examination Committee, you have to wait in line for listing, and the process of direct listing is too long.

Some real estate companies that are eager to raise funds go public through backdoor listing, which can not only bypass the review of regulatory authorities, but also save a lot of time, which is equivalent to taking a shortcut.

In addition, after the backdoor listing, the listed company does not need to disclose the company's profit level, the amount of funds and other indicators to the public, so as to enhance the concealment.

After the Ministry of Finance and the State Administration of Taxation issued a document clarifying the preferential income tax policies for enterprise restructuring, the capital market was even more jubilant.

At the opening of trading on May 4, the Shanghai Composite Index continued to move higher, and finally closed at 2559.91 points, up 3.32% on the day. Stocks involved in the restructuring concept in Shanghai and Shenzhen have a strong trend, and most of them close with a daily limit, and backdoor restructuring has become a hot topic.

Since Ding Jianye took over C&D Real Estate Development Company, he has continued to inject capital into it. In just one year, the registered capital of C&D has increased from the initial 50 million yuan to 200 million yuan, and then to the current 2 billion yuan.

In addition to Galaxy Investment's midway shareholding, Ding Jianye also sold all the penguin stocks he had built a position in the Hong Kong stock market, and all the funds were used to increase capital.

Despite this, with the rapid development of the company's business, especially in Haizhou, C&D's capital chain gradually tightened, and in order to continue to stake the land, he turned his attention to the capital market and started the idea of backdoor listing.

"C&D wants to go public by backdoor?"

Under the bombardment of Ding Jianye's successive phone calls, Ding Le finally appeared in Ding Jianye's office, Ding Le just walked in the door, and before his ass sat down, Ding Jianye threw out a hot topic.

Seeing Ding Le's surprised expression, Ding Jianye spared his head, lit a cigarette, and began to tell him why he wanted to go public.

"Now the land auction market is hot, take Haizhou's market as an example, there must be a land king in every land auction, the premium is very high, and the same is true for other cities in the Yangtze River Delta.

"Although C&D Zunfu can bring billions of cash flow to the company, it can't be cashed out all at once, it takes time, and what I lack most now is time!"

Looking at Ding Jianye's slightly haggard face, Ding Le thought to himself that he should be overworked for a while, making the house into a "fast-moving consumer goods" is not a simple slogan, Ding Jianye obviously has paid a lot of energy.

In addition, C&D has the status of a listed company, and it will be very convenient to raise funds through public issuance of bonds in the future. At present, the interest rate of listed companies is only about six or seven points, and the financial cost is lower than that of bank loans, let alone the interest rate in Haizhou's private lending market. ”

When Ding Le used to be a bank account manager, he knew how eager real estate developers were for funds, and financing through conventional bank loans could only be a drop in the bucket, so Ding Jianye was no longer surprised when he said this.

"So which shell are you going to borrow?

After Galaxy Investment invested in the shares, it held 40% of the shares of C&D, and now C&D is listed on the market, and Ding Le is also happy to see it.

"Jiayi Chemical!"

Ding Jianye said a name that Ding Le didn't expect.

In March last year, an explosion occurred in the core chemical plant of Jiayi Chemical, and the company was ordered by the park management committee to suspend production for half a year, and at the same time carried out huge compensation and fines, and the company's legal representative was also taken away by the public security organs for the crime of production safety accidents to cooperate with the investigation.

Because the company stopped production, a vicious circle was further formed. In the capital market, the company's stock price crashed, falling for 6 consecutive days, and major banks also came to the door to ask the company to repay the loan in advance.

Although Jiayi Chemical resumed production half a year later, the direct and indirect losses caused the company's operating losses to be serious due to the time of the explosion, and the company's stock price also plummeted.

At the end of last year, because the company had suffered operating losses for two consecutive years, the company's stock was directly capped and became ST Jiayi.

While introducing, Ding Jianye turned on the computer on the desk, skillfully opened the stock trading software on the computer desktop, and found the stock from the market monitor.

Jiayi Chemical, listed in 2000, with a total share capital of 618 million yuan and an issue price of 6 yuan shares, rose to 24 yuan shares in 2007 during the bull market, and the market value once exceeded 10 billion yuan.

After the bull market crash, the company's stock price and the index entered a long-term downward state, after the explosion, the company's shares continued to fall to the limit, today's close, the company's share price was 1.36 yuan shares, with a total market value of about 840 million yuan.

After Ding Jianye's detailed introduction, Ding Le found that the top ten shareholders of ST Jiayi are indeed relatively scattered, and the company has now become a typical three-no concept stock in the secondary market, with no national team, no organization, and no capital.

"ST Jiayi's shares are all tradable shares, the shareholding structure is very dispersed, and there are no major shareholders with special advantages, which is a very ideal target!"

Ding Jianye spent a cigarette and introduced the situation of ST Jiayi in detail.

After listening to Ding Jianye's introduction, Ding Le couldn't help but shake his head, he thought to himself, he was still a victim of the explosion at the Jiayi Chemical Plant last year, and a year later, he would have to deal with this company again, so it was fate?

"Now in the capital market, stocks with the theme of restructuring are very sought after, since you have the intention of backdoor, then the confidentiality work must be done well!"

"You're the first person to know what I'm thinking, and I'm asking you now, can this be done?"

Ding Jianye was in a hurry to let Ding Le come over today, just to know what Ding Le thought. In his heart, no one is better at grasping and judging the capital market than Ding Le.

2009 is not only a year of recovery of the real estate market, but also a year of centralized listing of real estate enterprises. Nine mainland real estate companies, including Evergrande and Longfor, have been listed on the Hong Kong stock market, raising more than HK$40 billion, and there are not a few real estate companies that are trying to land on the A-share market through backdoor restructuring.

"At present, whether it is the national level or the capital market, the restructuring is extremely recognized, if this opportunity cannot be seized, it will not be a violent thing!"

Looking at Ding Jianye's expectant expression, Ding Le gave an affirmative answer.

"In that case, then I'm going to get ready!"

Shopping malls are like battlefields, soldiers and horses have not moved, grain and grass go first, C&D wants to borrow ST Jiayi, the first thing to solve is the problem of funds.

Ding Jianye quickly calculated in his heart that if C&D wants to become the controlling shareholder in one fell swoop, it must prepare at least more than 400 million funds.

C&D took land in Shishan last month, paid the land transfer fee, and still had a balance of 300 million yuan in the bank account. He can also ask the company's finance to go to the bank to urge the progress of mortgage lending, and it is estimated that there will be more than 100 million sales back.

Seeing Ding Jianye fall into silence, Ding Le seemed to know what he was thinking, so Ding Le continued: "Even if this backdoor fails, I have other ways to solve the problem of C&D's funds!"

As long as the procedures are completed, Ding Le will have a certain right to speak in the trust company, and C&D can issue products and raise funds through the channels of the trust company. In this way, not only can the money bag network be seamlessly connected, but also Haizhou Bank can also participate in the way of financial management!

"With your words, I feel more at ease!"

After listening to Ding Le's narration, Ding Jianye couldn't help but feel proud, it turned out that he could still play like this.

Earlier, Ding Le invested in Haizhou Bank and set up a money bag network, and now he wants to invest in Haizhou Trust, which is a big game of chess!

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