Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 4 Backdoor or buy backdoor!

Ximing is now a decisive person. When he wants to go public, he hopes to complete the listing of his first company as soon as possible.

How to go public quickly and what kind of listing plan to choose.

"Old Huang, I can't wait for three years to start a company to go public!"

"Xiao Xi, don't worry, I won't let you last for so long," Huang Chaoxi said with his eyes revealing a wise light.

Huang Chaoxi, who became famous at the age of 25 and often used the beard on his chin to deceive him. He is only in his thirties now, but he has almost no friends under forty, both of whom are forty, fifty and sixty.

At that time, a partner at the celebration banquet where the negotiations were successfully concluded, and after learning about his real age, he kept calling it impossible, "How could I negotiate a business with a post-80s generation! Huang Chaoxi was 22 years old that year.

He looks elegant on the outside, but he is arrogant on the inside. Compared with his age, he looks down on his peers who are full of thinking about picking up girls. He is calm and ambitious. He has to be with people who are better than him to learn real things and gain something. So he has no friend who is younger than him, because younger people are not as good as him.

Indeed, there is only one such person. Although he started from scratch, he became the chairman of a listed company at the age of 27. His company was listed on the London Exchange Aim on November 7, 2013. It is the 52nd Chinese company in China to be listed on the London Stock Exchange and also a Dongguan company listed in London, England.

At the age of 28, he was reorganized by China Huaxuan Group and became one of the major shareholders of Huaxuan. In the same year, he was selected as the 19th most promising Forbes China Potential Enterprise in 2O14 and won the honorary title of "2O13 Big Growth Enterprise".

Several years of successful merger and listing have made peers recognized by Huang Chaoxi as a young and more influential figure in the financial field.

When he was 29 years old, he had already started to participate in the operation of 3o companies listed, becoming one of the youngest capital operation experts in China.

But now he regards Xi Ming, who is much younger than him, as his friend. He is a kind of person with him. He is young and never frightened. He has achieved considerable success in his twenties.

Moreover, his personality is similar, young and promising, calm and everything is under control. He is always very low-key, like a hunter lurking in various industries.

When he reaches his level, his friend's affairs are his own.

Huang Chaoxi has already made a plan for Ximing.

Choose GEM to list.

Choose to go public through backdoor listing or buy a shell listing.

The GEM mainly absorbs new Internet technology companies, and companies can be established in companies with short-term, good performance and scale.

According to the normal steps of listing, applying for a company to go public is a very long process for any company. Many companies apply and review step by step for three or four years before they can finally obtain listing qualifications.

Because Ximing couldn't wait that long, it took a few years for a company to go public, so the ideal result was to "backed listing" or "shell-buying listing".

Huang Chaoxi said: "If Himalaya FM Audio Company can buy a suitable "shell", the company will take a shortcut to listing."

The key to the advice given by Huang Chaoxi is to find the ideal "shell".

He said in detail, "To achieve backdoor listing or shell listing, you must first choose a shell company."

"That shell needs to be based on its own operating conditions, asset conditions, financing capabilities and development plans."

"We need to choose a shell company of the appropriate scale. Shell company must have a certain quality, not have too many debts and bad debts, have a certain profitability and plasticity of restructuring."

"Unlisted companies have obtained relatively controlling positions through mergers and acquisitions. They must consider the capital structure of the shell company. As long as they reach the controlling position, the merger and acquisition will be considered successful."

Huang Chaoxi also gave Ximing three merger and acquisition methods:

The first is through cash acquisition, which can save a lot of time. Smart software groups usually use that method to go public through backdoor listing. After the backdoor is completed, they quickly enter the role and form a good market reaction.

The second type is to clean up and recombination of the "shell" through asset or equity replacement, which can easily change the assets, quality and performance of the shell company and achieve the results quickly.

The third type is partial cash acquisition, partial asset or equity replacement, and the two methods are used in combination. Most of the backdoors or shell purchases are adopted to go public.

The non-listed company then becomes the controlling shareholder. Through the reorganized board of directors, the listed shell companies are cleaned up and internally reorganized, divesting of non-performing assets or rectifying the shell companies' original business conditions and improving operating performance.

Huang Chaoxi finally said, "Operation of a company listing, financing is a complex project that cannot be completed by one person. Everyone is full of fireworks. We have a strong professional team, including consulting companies, fund companies, securities companies, etc. Our partners such as Dacheng Law Firm and Tianjian Accounting Firm all have international backgrounds. We use all the power to operate the company listing, so I hope Xi Zong will not waste resources. You and I will look for shell resources from different aspects."

Ximing nodded.

Two-pronged approach.

Ximing mobilized many of its group companies to use all their connections, resources and means to find the ideal "shell" for the group's first listed company as soon as possible.

The big boss said that, Xun asked many senior companies under the group to mobilize quickly to inquire about the "shell".

Ximing's current resources are huge.

A week later, many documents were placed on Ximing's desk, all of which were companies with poor performance on the GEM listing, facing suspension or suspension of trading.

These companies include Internet, technological innovation, electronics... There are several industries, and the stock prices of these companies are operating at low levels on the GEM, and some are facing the risk of suspension of trading several times.

Huang Chaoxi also found a lot of shells. Today, he brought his "shell" resources to Ximing's office again for the final discussion.

"They are all listed companies, will they really sell them?"

"Mr. Xi, you may not know the water in the capital market. Although some companies are listed companies, many of them are standard junk stocks in the GEM, half-dead companies. If no one accepts it, when the red line is rubbed, these companies will be delisted companies, so many bosses have the idea of ​​selling shells to exchange for money."
Chapter completed!
Prev Index    Favorite Next