The news of Gumei's listing came suddenly. .

Liu Chen was full of doubts that it would take a long time to go public, let alone listing in Hong Kong.

He sat face to face with Cao Rong, frowned and pondering.

Cao Rong said: "According to reliable news, Subo's Lingdong has been planning to go public. Subo Electric has been successfully approved and has become the first home e-commerce company in China to obtain stock rights. Jiangle Electric has also reported from senior management that it plans to go public overseas in 2005. The stronger foreign giant ship has been waiting outside the door."

Liu Chen didn't answer, but was still thinking.

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

Liu Chen couldn't help but look at her. Unexpectedly, she was familiar with finance in just a short time. "How did Lu Kun promote Gumei's listing in a short time? As far as I know, Gumei planned to list A-shares last year. Because our voice boss emerged, Su Bo's share exceeded Gumei, so she gave up this plan. This year, she introduced exclusive sales of Sun Ziyi and Apple IPOD, and wanted to list in the United States. Unfortunately, IPOD quickly withdrew from the Chinese market."

I couldn't help but feel a little proud.

Founded in 1988, Gumei is the largest electric appliance company in China. It failed to go public twice because of him.

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

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

"Lu Kun should not be underestimated. He has actually planned to go public through backdoor listing a long time ago. I'm afraid few entrepreneurs have made plans so early."

Liu Chen nodded. The capital market was really unpredictable. He was very interested in knowing if he instructed her to continue talking.

"In March 2002, Lu Kun's wholly-owned shell company Haihua targeted 1.35 billion shares to sh, with a price of HK$0.1 per share, at this time the share price was HK$0.29 and a net asset of HK$0.187 per share. So far, Lu Kun holds 85.6% of Haihua's shares and successfully controls Haihua. In June of that year, his name was changed: Gu Peng."

"In early 2003, Lu Kun established Beipeng Company and held 100% of the shares. Gumei Group reorganized Gumei Electric Appliances with 18 of its 18 companies. Among them, Beipeng Company holds 65% of the shares and Lu Kun holds 35% of the shares.

"In April 2004, Beipeng sold 65% of its shares in Gumei Electric to OT Company. The agreed price is HK$227.4 million. OT is a BV1 company, which Lu Kun is wholly owned by GH Gumei Holdings."

Liu Chen rubbed his eyebrows. He was really not good at or liked the capital market game, and did not interrupt Cao Rong. Some methods must be understood.

"On June 3, 2004, Gu Peng acquired ot company, thus holding 65% of Gumei Electric Appliances' equity. The agreed price is HK$8.3 billion, and the payment method is divided into three parts: the first part is the listed company's directed issuance of HK$240 million in shares to Lu Kun; the second part is the listed company's directed issuance of the first batch of convertible notes worth RMB 7.014 billion in shares to Lu Kun; the third part is the listed company's directed issuance of the second batch of convertible notes worth RMB 1.027 billion in shares to Lu Kun. So far, Lu Kun holds 74.9% of the shares of Gu Peng, the listed company. If the convertible notes are converted into shares, he will hold 97% of the shares."

"At this point, Gumei Electric Appliances' backdoor listing process has been completed."

Although Liu Chen had a headache, he still grasped the key point and said: "In the case of Gumei Electric Appliances' backdoor listing, the listed shell company is Gupeng, and the non-listed parent group company is Gumei Electric Appliances. The backdoor process is Gumei Electric Appliances, the parent company of Gupeng, which has been listed by injecting its main assets into Gupeng, the listed subsidiary Gupeng, to achieve the listing of its parent company Gumei Electric Appliances."

Cao Rong nodded with a smile. She was very happy every time she talked to Liu Chen about anything. Only with such a boss could she improve. The IQs of the two were obviously on the same level, and Liu Chen's eyes were indeed not as good as that.

Liu Chen continued: "Backlisting has great advantages over IPO listing. First, IPO faces strict and cumbersome approvals, while shell listing approval is simple and easy to pass; second, IPO threshold is high and the cost is high, while shell listing threshold is low and the cost is low; third, IPO takes time and shell listing time is short."

All are right.

Cao Rong said: "Also, H shares are legal person shares, with poor liquidity and complicated application procedures. Moreover, after issuing H shares, the company's senior executives cannot successfully implement the option system."

Liu Chen has more and more assets, and he has to understand these things. Although he claims to be a technical staff and he also loves to do technology the most, the learning ability of the top scholars is unquestionable, and he will learn whatever he learns.

"Does Gumei have any business receipts for the past few years?"

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

Gumei Electric Appliances' turnover in 2003 was 9.3 billion yuan and its net profit was 275 million yuan.

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

The net profit in 2001 was 25 million yuan.

Net profit in the first quarter of 2004 reached 84.54 million, and sales reached 2.92 billion yuan during the same period.

Gumei Electric Appliances has a total assets of approximately 3.19 billion yuan and a net asset of 241 million yuan.

"How did you find this data?"

Cao Rong smiled sly and said, "As long as you use the Internet well, you can actually find a lot of information, thanks to the academic masters in our GB Center."

Liu Chen also smiled and said, "As the saying goes, I am afraid of being a gangster and having a culture. Now I should change to being a sect for fear of being a top student."

Cao Rong nodded and expressed her serious agreement, and said with envy: "The time point of Gumei is very good. According to the To market opening agreement, by the end of this year, China's retail industry will be fully opened to the public. At this time, OT can hold 100% of Gumei Electric Appliances, so the total market value of OT will increase by 35%, and it will be too easy to make money."
Chapter completed!