Chapter 4: Backdoor or Shell!
Xi Ming is now a resolute person, and when he thinks of going public, then he wants to complete the listing of his first company as soon as possible.
How to go to market quickly and what kind of listing plan to choose.
"Lao Huang, I can't wait three years to get a company listed!"
"Little rhino, don't worry, I won't let you stay up for so long" Huang Chaoxi said with a wise light in his eyes.
Huang Chaoxi, who became famous at the age of twenty-five and often deceived with the mustache on his chin, is only in his thirties now, but he is almost under the age of forty, all of them are friends who are forty, fifty, and sixty.
Back then, at the celebration banquet where the negotiations were successfully concluded, a partner learned his real age, and even exclaimed, "How can I talk to a post-80s generation about hundreds of millions of business!" Huang Chaoxi was 22 years old that year.
He is elegant on the outside, but he is arrogant on the inside, and compared to the achievements of his age, he looks down on his peers who are full of thoughts about picking up girls. He has a calm mind and a big ambition, and he has to be with people who are stronger than him to learn real things and gain something, so he has no friends younger than him, because the younger ones are not as strong as him.
Indeed, there is only such a person, although he started from scratch, but at the age of 27 he became the chairman of a listed company, his company was listed on the London Stock Exchange AIM on November 7, 2013, which is the 52nd Chinese company listed on the London Stock Exchange in China, and the first Dongguan company listed in London, England.
At the age of 28, he became one of the major shareholders of Huaxuan Group after financial restructuring and merger with China Huaxuan Group, and was selected as the 19th in the 2014 Forbes China Top 100 Potential Enterprises in the same year, and won the honorary title of "Top 10 Growth Enterprises in 2013".
Several years of successful mergers and listings have made Huang Chaoxi recognized by his peers as a young influential figure in the financial field.
When he reached the age of 29, he had already begun to participate in the operation of more than 30 companies to go public, becoming one of the youngest capital operation masters in China.
But now he regarded Xi Ming, who was much younger than him, as a friend, and he was one of the same kind, young, never stage frightened, and achieved considerable success in his twenties.
And the personality is also similar, young and promising, quiet and everything is under control, they are very low-key people, like hunters lurking in various industries.
At his level, his friend's business is his own business.
Huang Chaoxi has already made a plan for Xi Ming.
Choose GEM listing.
Choose to go public by backdoor listing or backdoor listing.
The GEM mainly absorbs new Internet technology companies, and the company can be established for a short period of time, with good performance and scale.
According to the normal steps of listing, applying for listing is a very long process for any company, and many companies apply, and the review takes three or four years to finally obtain the listing qualification.
Because Ximing can't wait that long, it takes a company several years to go public, so the ideal result is a "backdoor listing" or "backdoor listing".
Huang Chaoxi said: "If Himalaya FM Audio Company can buy a suitable "shell", the company has embarked on a shortcut to go public."
Huang Chaoxi's suggestion is to find the ideal "shell".
He elaborated, "In order to achieve a backdoor listing, or a backdoor listing, you must first choose a shell company. ”
"That shell needs to be combined with its own business situation, asset situation, financing ability and development plan. ”
"It is necessary to choose a shell company with an appropriate scale, which must have a certain quality, not too many debts and non-performing debts, and have a certain degree of profitability and plasticity of restructuring. ”
"When a non-listed company obtains a relatively controlling position through mergers and acquisitions, it is necessary to consider the share capital structure of the shell company, and as long as it reaches a controlling position, the merger and acquisition will be successful. ”
Huang Chaoxi also gave Xi Ming three ways of M&A:
The first is through cash acquisition, which can save a lot of time, and intelligent software groups usually use that way to go public through backdoor listing, and after the backdoor is completed, they will quickly enter the role and form a good market response.
The second is to realize the liquidation, reorganization and merger of the "shell" through asset or equity replacement, which is easy to make the assets, quality and performance of the shell company change rapidly and achieve results quickly.
The third is a partial cash acquisition, part of the assets or equity replacement, the two methods are combined, and most of the backdoor or backdoor listings are taken by this method.
The non-listed company then becomes the controlling shareholder, and through the restructured board of directors, the listed shell company is cleaned up and internally reorganized, and the non-performing assets are divested or rectified to improve the original business status of the shell company and improve the operating performance.
Huang Chaoxi finally said, "Running a company to go public and raise funds is a complex project, and it cannot be completed by one person. The crowd gathered firewood and the flame was high. We have a strong team of professionals, including consulting companies, fund companies, brokers, etc., and our partners such as Dentons Law Offices and Tianjian Certified Public Accountants have international backgrounds. ”
Xi Ming nodded.
A two-pronged approach.
Ximing has mobilized a number of its group companies to mobilize and use all contacts, resources and means to find the ideal "shell" for the group's first listed company as soon as possible.
The big boss's speech quickly mobilized a number of high-level companies under the group to find out about the "shell".
The current resources under Ximing are huge.
A week later, a lot of information was placed on Ximing's desk, all of which were companies that were currently listed on the GEM with poor performance and were facing suspension or were being suspended for rectification.
These companies have Internet, scientific and technological innovation, and electronic ...... There are several industries, and the stock prices of these companies are running at a low level on the GEM, and some are in danger of being suspended several times.
Huang Chaoxi also found a lot of shells on his side, and he brought those "shell" resources of his to Ximing's office again today for a final discussion.
"These listed companies, they are all listed, will they really sell?"
"Mr. Xi, you may not know the water in the capital market, don't look at some companies Although some companies are listed companies, many of them are standard junk stocks on the GEM, half-dead companies, if no one accepts it, when the red line is wiped out, these companies will be delisted companies, so many bosses have the idea of selling shells for a sum of money. “
"Because the garbage has been going on, the company has been suspended, bankrupt, and not only will it not be able to change money, but it will also have to become a lost dog. Selling shells can bring them a lot of income.