Chapter 313: New Fengxing Group!
"Mrs Lam and Mrs. Lam, from the results of the examination, the fetus is developing normally, which is a healthy treasure! ”
"Mrs. Lin, you should pay attention to your nutritional intake and adequate rest during this time. The baby's brain is developing in a hurry, the nervous system is well developed, and the subcutaneous fat cream continues to grow, so the family is losing a lot of weight. He needs nutrients to get to the peak fruit, and he needs a lot of protein, vitamin C., iron and calcium. In addition to dietary supplements, I will prescribe nutritional supplements for you, and remember to take them on time! The family is already 30 weeks, pay attention to fetal movements. ”
Liang Shude watched the test results and the B-ultrasound film, and said with a smile.
The time has come to the end of November, and Ye Weiyu's belly is already very big, as if there is a big watermelon hidden in her stomach......
But what is amazing is that in addition to her belly, she is not fat at all in other places on her body, and the original goose egg face is becoming more and more delicate, a bit of a transformation to a melon seed face.
This may be better than the fact that after she became pregnant, she always insisted on exercising every day (walking and yoga) and kept her body consistent.
After Lin Feng thanked Liang Shude, he helped Ye Weiyu out of the clinic.
Both of them are in a good mood, and the health of the child in Ye Weiyu's womb is the happiest thing for them.
Stepping out of the elevator under the protection of Li Zhao, Zhao Jing and others, four bodyguards surrounded the two of them and isolated those gossip weekly reporters.
"Lin Sheng, Lin Tai's checkpoint?
"Lin Sheng, what time is Mrs. Lin's due date?" ......
Lin Feng nodded and smiled kindly at the reporters who swarmed around, but did not answer the question, and sat on the Maybach 62S under the protection of the bodyguards.
"Ye Zi, according to what Dr. Liang said, after you go back, you have to ask Sister Huang to cook you more meals with high iron and calcium content. Sitting in the car, Lin Feng lovingly put his hand on her stomach, felt the slight beating sensation of the new life in her belly, and admonished.
Ye Weiyu took his hand, frowning: "Mom has always said that I should eat and sleep more during this time, Lin Feng, what do you say if I become a fat woman?"
Lin Feng laughed and said: "What's the matter, you don't look fat at all now, I feel how thin you are, is the nutrition of the body absorbed by the baby! You are not one person now, it is two people, you must eat more, but you can't be hungry baby." Yezi, don't worry, you are very beautiful now, even more beautiful than before you were pregnant!"
Ye Weiyu happily lowered her head and stroked her belly, and imagined: "Some time ago, I read magazines, and I especially liked the photos taken by those celebrities when they were pregnant with big bellies, and I thought they were very beautiful, especially the curves of the belly...... , Lin Feng, do you think it's okay for me to take a group of photos too?
For his wife's small request, Lin Feng naturally agreed with all of them, nodded and said, "Okay, I'll find the best photographer in New York to help you shoot!"
Ye Wei was overjoyed, she didn't expect Lin Feng to agree so happily, so she leaned over and kissed him on the face: "Husband, you are so good!"
…………
Lin Feng accompanied his wife in Hong Kong, looking forward to the arrival of the first new life in the family, and everything in the outside world was still progressing step by step.
On October 28, Menglong Technology announced that the company has completed the merger transaction with Funshion Acquisition, a wholly-owned subsidiary of Funshion Group, and the company has officially completed privatization and become a privately held company, and will be officially delisted from NASDAQ.
It is also the first Chinese concept stock company in China to implement privatization and delisting in the U.S. capital market.
Looking back at the listing history of Menglong:
On October 29, 2003, Menglong Technology, which had just been founded for two years, was successfully listed on the NASDAQ in the United States with an issue price of US$16 per share, raising a total of US$368 million.
As the first Chinese emerging technology company to be listed in the United States after the global Internet bubble crisis, Menglong has received great attention and enthusiastic pursuit from the U.S. capital market, opening at $25.6 and closing at $28.54 on the day of listing, an increase of 78.37% compared with the listing price.
Lin Feng, Wang Hao, Li Dong and other company founders and partners have become billionaires, emerging entrepreneurial idols, and Internet elites in one fell swoop.
In the following two years, Lin Feng was the richest man in China on the Forbes rich list!
In the three years since Menglong was listed, the highest stock price reached $48.3, and the privatization price at the time of delisting was still $28, which was 70% higher than the issue price when it was listed.
After Menglong went public, Lin Feng cashed out many times, bringing him more than US$300 million (2.4 billion yuan) in cash wealth, plus US$368 million raised by the IPO, and US$200 million in bonds, which provided sufficient capital reserves for Lin Feng's layout in the Internet, including the acquisition of Tencent and the purchase of the company's headquarters building.
Even now, under the influence of the general trend of the industry, at this time of privatization and delisting, Menglong is still a very well-run enterprise with an annual revenue of nearly 200 million US dollars (1.5 billion yuan) and a profit of nearly 150 million US dollars.
It can be said that the various added values and benefits brought by Menglong's listing for three years fully prove the wisdom and vision of Lin Feng's insistence and pushing Menglong to the market.
Now, the privatization and delisting of Menglong is not the end for Menglong, but a new beginning!
On October 28, 2006, on the day when Menglong was listed for three years, Menglong was officially delisted.
Next, Funshion Group, the parent company of Menglong Technology, will merge with Fengxing Online and eventually form a new Fengxing Group.
Menglong Technology will also become part of the mobile business group of the new Fengxing Group.
Continue to contribute to the great cause of Lin Feng's Internet giant!
…………
1 November 2006, Hong Kong, Central, Pacific Place, Popular Hong Kong Office.
Although the employees in the common office area of the office seemed to be busy with their desks facing their computers, everyone looked a little absent-minded on their faces, and their eyes kept glancing at the closed door of the conference room.
Today is special.
As soon as the work started early in the morning, Lin Feng, the company's big boss, came to the company, much earlier than the usual time when he came over occasionally.
Subsequently, the company's other two heavyweight partners and shareholders, Wang Hao, who should have been in Silicon Valley, and Li Dong, who was sitting in Beijing, also appeared, accompanied by the three bigwigs of the company's strategic decision-making committee, Li Mengyuan, Zhang Zhijiao, and Zhang Xiaolong.
This is already the most popular core of the senior management team!
Soon after, another group arrived, both Chinese and foreigners.
The local employees in Hong Kong listened to the beautiful women of the board of directors' office, which included the popular investors and the consortium investors of Menglong's privatization......
Representatives from South Africa's MIH Group, Baring Private Equity Asia, China Merchants Capital, Bank of China Investment, Fosun Group (Guo Guangchang), Boyu Investment (Zhao Jun), Sequoia Capital, JP Morgan, etc.
Obviously, if nothing else, this is the relevant stakeholders of the long-rumored merger between Dream Dragon and Fengxing.
It seems that the negotiations are nearing the final stage, and everyone is gathering in Hong Kong to finalize the merger plan with the big boss!
This merger is said to be the last distribution of benefits before the popular listing, and there will be a new round of adjustment to the option incentives of employees, which can be said to be related to the interests of all employees, and it is no wonder that these employees have no intention of working, and their hearts are like cats.
In the conference room, Lin Feng sat in the center, leaned on the leather chair, supported his chin with one hand, and listened carefully to Li Mengyuan, who was standing in front, introducing the merger plan to everyone.
"In this merger, Fengxing Online issued some additional shares + cash to merge with Funshion Group. Please take a look at ......"
"1. The total share capital of Fengxing Online was changed to 300 million shares, of which 80 million new shares were newly issued and purchased by some of the original shareholders in proportion (Lin Feng, Wang Hao, Li Dong, Ye Weiyu and other four shareholders), and the other 120 million new shares were exchanged for shares of Funshion Group. ”
"2. The share exchange method of the two shares shall be carried out in accordance with the ratio of 3.5:1, that is, 3.5 shares of Funshion Group shares for 1 share of Fengxing Online. ”
"3. In addition to the share replacement, the original shareholders of Funshion Group, China Merchants Capital, Bank of China Investment, Sequoia Capital, and JP Morgan, will purchase part of the shares of Funshion Group by Fengxing Online in the form of compensation cash according to the valuation of the shares. ”
"The specific proportions of each party are as follows: ......"
This merger is different from Menglong's privatization, involving more shareholders on both sides, coupled with the complexity of the transaction, in addition to share replacement and cash, the whole plan is very cumbersome, Li Mengyuan spoke for more than 2 hours before roughly introducing the merger.
To put it simply, according to this merger plan, the original shareholders such as Lin Feng and Wang Hao will pay nearly $400 million to receive the new 80 million shares, while the original shareholders of Funshion Group will replace 70% of the shares at a valuation of $2 billion and receive 30% of the cash returns.
Finally, after the completion of the merger, the shareholding ratio of each party in New Frontier is:
Lin Feng 58.4%, through the purchase of Fengxing's new shares and the replacement of 21.58% of the Funshion Group's shares, his shareholding in the new Fengxing has increased, of course, he has also invested almost $320 million.
Wang Hao 11.8%, Li Dong 11.2%, the two of them also accepted the new shares and replaced, and also increased the shareholding ratio in the new Fengxing.
Ye Weiyu 2.58%, and it was okay for her and Lin Feng to have more than 60% of the shares, so she didn't buy too many new shares, but left the shares to Wang Hao and Li Dong.
South Africa's MIH Group 4.32%, Baring Asia 0.85%, IDGVC 0.5%, the original institutional shareholders of Fengxing Online further declined, and the shares were diluted. However, the valuation of Fengxing Online will be greatly increased after the merger, and the value of the shares in their hands will be higher, so they have no complaints.
China Merchants Capital, Bank of China Capital, Sequoia Capital, and JP Morgan are all 2% (in addition to this, they also got $50 million in cash), which means that through this participation in the privatization of Menglong, they each spent $150 million to obtain 2% of the shares of Xinfengxing, which is currently valued at more than $10 billion.
Fosun Group 0.85%, Boyu Investment 0.5%, Maple Leaf Investment 1%. These are considered related households, and they just make money by car.
This is an overall redistribution of benefits, and New Windbank will also assume an $800 million loan from a consortium of banks in the process of privatizing Menglong.
Part of this money is used to pay for the privatization transaction, part of the money is paid for the cash-out of some shareholders in the privatization and merger transactions, and the remaining funds are merged into the cash pool of Fengxing as a capital reserve.
After a series of merger agreements were signed, the new Fengxing Group will be formed.
It will be a giant company in China's Internet industry with annual revenues of more than 6.5 billion yuan (US$830 million) and profits of more than 5 billion yuan (US$640 million).
You know, at this point in time at the end of 2006.
Among China's other Internet companies that are also at the top of the storm: Baidu's annual revenue of 830 million yuan, Shanda's annual revenue of 1.65 billion yuan, Alibaba's annual revenue of 1.363 billion yuan, and Tencent's annual revenue of 2.8 billion yuan (still the popular holding company) .......
Perhaps for Lin Feng, who has long been accustomed to seeing BAT including NetEase in his previous life, and his quarterly revenue is tens of billions of yuan, the current popularity is far from meeting his expectations.
But for the entire industry and capital market, Xinfengxing has now become the largest Internet company in China, as well as the most anticipated unlisted company!
Therefore, on December 30, 2006, the last day of the year, Fengxing held a press conference in the multi-purpose hall of Fengxing Building in Beijing, announcing that the merger with Funshion Group was completed and a new Fengxing Group was officially established......
Everyone is asking: when will Fengxing be listed?