The news of Gumei's listing came very suddenly. Pen ~ fun ~ pavilion www.biquge.info

Liu Chen was full of doubts, it would take a long time to go through the procedures for listing, let alone listing in Hong Kong.

He sat face-to-face with Cao Rong, frowning and pondering.

Cao Rong said: "According to reliable information, Su Bo's Lingdong has been planning to go public, and Su Bo Electric has been successfully approved, becoming the first domestic e-commerce company to obtain the right to issue shares." Jiangle Electric also came out of the news from the top that it plans to achieve overseas listing in 2005, and the more powerful foreign-funded giant ships have been waiting outside the door for a long time. ”

Liu Chen didn't answer, still thinking.

Cao Rong's expression was also complicated, "In order to get better financing opportunities, Gumei Electric is more eager to go public. However, from the perspective of operating procedures, it will take at least 9 months to complete the entire IPO approval process from scratch, in a very ideal situation without any repetition. Gumei can no longer afford the risk of losing market financing opportunities or market deterioration brought about by such a large time consumption. ”

Liu Chen couldn't help but glance at her, but she didn't expect that in a short period of time, she was also familiar with finance to this extent, "How did Lu Kun promote Gumei's listing in a short period of time, as far as I know, Gumei planned to list A-shares last year, due to the sudden rise of our sound master, Su Bo's share surpassed Gumei, so he gave up this plan, and introduced Sun Ziyi and Apple iPod exclusive sales this year, and wanted to list in the United States, but unfortunately iPod soon withdrew from the Chinese market." ”

I can't help but feel a little proud when I say it.

Founded in 1988, Gumei, the largest electrical appliance manufacturer in China, failed to go public twice because of him.

Cao Rong said: "Gumei is a backdoor listing, and the good profit of Gumei Electric Appliances changes the financial situation of the listed company Gupeng. With Gumei's high-quality assets with an average annual growth rate of 158%, Gupeng naturally obtains strong profitability. In fact, on the day of the acquisition of Gumei, Gupeng's share price soared by 112.84%, rising from HK$0.148 per share before the suspension to HK$0.315. ”

It is about the inertia of science girls, and Cao Rong has a very accurate grasp of data.

"Lu Kun should not be underestimated, he has actually laid out a backdoor listing a long time ago, and I am afraid that few entrepreneurs have made a plan B so early. ”

Liu Chen nodded, the capital market was really unpredictable, and instructed her to continue, he was very interested in knowing.

In March 2002, Lu Kun's wholly-owned shell company Haihua placed 1.35 billion shares to SCH at a price of HK$0.1 per share, at which time the stock price was HK$0.29 and the net assets per share were HK$0.187. So far, Lu Kun holds 85.6% of the shares of Haihua and successfully controls Haihua, and in June of that year, he changed his name: Gu Peng. ”

At the beginning of 2003, Lu Kun established Beipeng Company and held 100% of the shares. Gumei Group reorganized the equity of 18 of its companies into Gumei Electric Appliances. Among them, Beipeng Company holds 65% of the shares, and Lu Kun holds 35% of the shares.

In April 2004, Beipeng sold its 65% stake in Gumei Electric to OT. The agreed price is HK$227.4 million. OT is a BVI1 company that is wholly owned by Lu Kun through GH Gumei Holdings. ”

Liu Chen rubbed his eyebrows, he really wasn't good at or liked the game of the capital market, and he didn't interrupt Cao Rong, there are some methods that must be understood.

On June 3, 2004, Gupeng acquired OT Company, thus holding 65% of the shares of Gumei Electric. The agreed price is HK$8.3 billion, and the payment method is divided into three parts: the first part is the private placement of HK$240 million shares by the listed company to Lu Kun, the second part is the directional issuance of the first batch of convertible notes worth 7.014 billion yuan by the listed company to Lu Kun, and the third part is the second batch of convertible notes worth 1.027 billion yuan issued by the listed company to Lu Kun. So far, Lu Kun holds 74.9% of the shares of the listed company Gu Peng, and if the convertible notes are converted into shares, he holds 97% of the shares. ”

So far, the backdoor listing process of Gumei Electric has been completed. ”

Although Liu Chen had a headache, he still grasped the key point and said: "In the case of Gumei Electric's backdoor listing, the listed shell company is Gupeng, and the unlisted parent group company is Gumei Electric. The backdoor process is that Gumei Electric, the parent company of the listed company Gupeng, realizes the listing of the parent company Gumei Electric by injecting the main assets into the listed subsidiary Gupeng. ”

Cao Rong smiled and nodded, she was very happy to talk to Liu Chen about anything every time, she could only progress with such a boss, the IQ of the two was obviously at the same level, and Liu Chen's vision was indeed beyond her reach.

Liu Chen continued: "Backdoor listing has great advantages over IPO listing, firstly, IPO faces strict and cumbersome approvals, while backdoor listing is simple and easy to pass; second, IPO has a high threshold and high cost, while backdoor listing has a low threshold and low cost; third, IPO is time-consuming and shorter backdoor listing. ”

All right.

Cao Rong said: "In addition, H shares are corporate shares, with poor liquidity, complicated application procedures, and after the issuance of H shares, the company's senior executives cannot smoothly implement the option system. ”

Liu Chen has more and more assets, and he has to understand these, although he claims to be a technician, he also loves technology the most, but there is no doubt about the learning ability of Xueba, what he will learn.

"Do you have any business receipts from Gumei in the past few years?"

Cao Rong is obviously a manager of the technology flow, and has studied it a long time ago, Liu Chen looked at it carefully, and there were many symbols marked on the paper.

In 2003, the turnover of Gumei Electric was 9.3 billion yuan, and the net profit was 275 million yuan.

In 2002, the net profit was 106 million yuan, and the sales volume was 6.62 billion yuan.

In 2001, the net profit was 25 million yuan.

In the first quarter of 2004, the net profit reached 84.54 million yuan, and the sales volume reached 2.92 billion yuan in the same period.

The total assets of Gumei Electric are about 3.19 billion yuan, and the net assets are 241 million yuan.

"How did you find this data?"

Cao Rong smiled slyly: "As long as you use the Internet well, you can actually find a lot of information, thanks to those top students in our GB center." ”

Liu Chen also smiled: "As the saying goes, if you are afraid of hooligans, you should change your career and be afraid that the top students will have **." ”

Cao Rong nodded in serious agreement, and said with envy on her face: "Gumei has chosen a very good time point, according to the provisions of the WTO market opening agreement, by the end of this year, Huaxia's retail industry will be fully opened to the outside world, at this time, OT, you can hold 100% of Gumei Electric, then the total market value of OT will increase by 35%, and it is too easy to make money." ”

She felt it was completely out of her mind, and she felt that it was very unfair.