Chapter 114 Cashing out Jianing stocks

The operation of shell listing is not complicated.

The parent company only needs to inject assets into a listed company with a lower market value, obtain a certain degree of controlling interest in the company, and use its status as a listed company to make the parent company's assets listed.

But how it works is key.

The first problem to be solved is how to select the ideal shell company.

Generally speaking, shell companies have the following characteristics: most of the industries they operate in are sunset industries, the specific operating business grows slowly, and the profit level is meager or even loses money;

In addition, the company's equity structure is relatively simple, which facilitates its acquisition and holding.

Moreover, the shell company must have a certain quality, not have too much debt and bad creditor's rights, and have certain profitability and flexibility in restructuring.

In terms of implementation methods, the general approach to backdoor listing is: the first step is for the group company to divest a high-quality asset and list it on the market;

The second step is to raise funds through a large proportion of allotment of shares by listed companies and inject key projects of the group company into listed companies;

The third step is to inject non-key projects of the group company into the listed company through allotment of shares to achieve backdoor listing.

Slightly different from backdoor listing, shell buying can be divided into two steps: buying a shell and backdoor listing.

That is, first acquire and control a listed company, and then use this listed company to inject the shell buyer's other assets into it through allotment of shares, acquisitions and other opportunities.

Similarly, how to operate is also critical.

Once you buy a shell, you can't use it right away. You have to grow the shell for a while first.

He asked Chen Shurong to come to his office to discuss the backdoor listing of the media group.

After Chen Shurong came up, she first stated her request.

Chen Shurong thought carefully for about ten seconds before saying: "Backdoor listing is indeed a good way. We also need a listed company to raise funds for development."

"I will look for a suitable shell company within the next few days and then put our assets on the market."

"Okay, I'll leave this matter to you." Xu Luo nodded, "I believe in your ability."

Finding a suitable shell company is a matter of patience, just like buying something, you have to shop around instead of just buying when you see it.

Xu Luo continued: "In addition, let's start cashing out the stocks of the two companies Jianning and Meihan. We don't need to follow them anymore."

At this time, Jianing's stock price has risen from 5.05 yuan/share to 17.30 Hong Kong dollars/share.

The share price of the entire Jianing Real Estate Co., Ltd. has increased by 280% in the past 11 months!

The market value of Jianing Real Estate has risen to HK$16 billion, and Jianing Holdings has obtained a book surplus of approximately HK$12.

Just on November 4, Jianing Real Estate Co., Ltd. announced its interim results, claiming that its pre-tax profit reached HK$677.7 million, and the profit from the sale of Golden Gate Tower was "included in the group's operating income."

It also announced a dividend of 30 cents per share and 2 bonus shares for every 5 shares.

As of November 7, a company under the Jianing Group purchased 35% of the shares of another listed real estate company, Jielian Investment Co., Ltd., at HK$6.60 per share, for a total of 23.8 million shares.

"Focus" reported this as, "Jianing swept Jielian."

All this looks really wonderful, but it's just a dream bubble.

Now is a good time to cash out.

If we wait a little later, we will really become Jianing’s shareholder and be trapped by Chen Songqing.

"I will come up with a backdoor listing plan as soon as possible." Chen Shurong said, "Now our three magazines have begun to get on the right track. Coupled with your reputation during this period, boss, I believe we can offer a good price."<

/p>

"I hope so." Xu Luo said with a smile, "I have been showing my face outside during this period. Let's see how it goes."

Buying low and selling high are the basic principles of stock trading.

After deducting stamp duties, commissions and other fees, more than 108 million Hong Kong dollars were successfully cashed out.

Such a large amount of selling was just a flash in the pan and was bought by others.

Because everyone is waiting to see Jianing's next performance, after all, every investor believes that Chen Songqing can continue to create myths.

Seeing the numbers on the account, Xu Luo felt that his back was a little stiffer.

Only when you have money can you speak tough.

And those who are rich and famous are more respected by others.

For example, Huo Daheng and Dr. He eagerly collect various titles and honorary titles.

After leaving the matter to Chen Shurong, Xu Luo was not idle either. He also had a lot of things to do.

Just like clockwork, I always have enough energy to do many things.

For example, in preparation for the listing, the magazine, publishing house and "People's Livelihood" were packaged together.

For example, accompanying Teresa Teng.

Because she will fly to Los Angeles soon.

Even if he is busy, Xu Luo still has to find time to accompany him.

"I will fly back to Los Angeles soon. Do you have anything you want me to bring to Qingxia?" she asked looking into Xu Luo's eyes.

Although he looks calm, these words can easily lead people into a pit.

Xu Luo thought carefully and said, "Tell her to take care of herself."

Anyway, that's all I have to say. I can tell her the rest when I get to the United States.

"That's it?" Teresa Teng didn't believe it.

Xu Luo said seriously: "Are you still thinking about what love words I would say to her? Please take care of yourself along the way. I still have a lot of things to deal with in Hong Kong. When I finish them, I will go to the United States to find you."<

/p>

"Well, remember to take care of yourself." Teresa Teng held his face in her hands, "Don't let yourself get too tired."

"I know." Xu Luo's head touched her forehead lightly, "If we don't want to sing anymore, we will find a place to live. I remember you said you like Jiangnan Water Town very much. Let's go and see it then.

."

Teresa Teng's eyes lit up instantly, "Is it really possible? If it is possible, I would like to go to the mainland to hold a concert."

"As long as you work hard, you will definitely achieve it." Xu Luo hugged her into his arms, "Maybe it won't be long before the restrictions are relaxed."

"Maybe one day." Teresa Teng did not disappoint him.

……

In late November, Teresa Teng attended TVB's Taiwan celebration, and then left Hong Kong with Xu Luo to return to Los Angeles.

The reason why Xu Luo wanted to accompany him was because he had to go to Boston.

Paul Samuelson called and invited him to join the executive director of an academic institution.

We can only leave the matter of backdoor listing to Chen Shurong.

This kind of thing is not very complicated. He has seen the backdoor plan submitted by Chen Shurong and can safely leave this matter to her.

When there are so many talented people, there is no need to do everything yourself.

At this time, Chen Shurong was already optimistic about a shell company.

The position of executive director of an academic institution is still very helpful to him.

It is said that someone in North Korea is easy to do, because his business cannot stay in Hong Kong forever. It must develop in the direction of the United States.

Moreover, the members of this academic institution all hold key positions in major public companies in the United States or in some administrative units.
Chapter completed!