mtl008 Chapter 963: One life for one!
Chapter 963: One life for one!
After S Yanji Road was listed on the Shenzhen Stock Exchange in 1997, it became increasingly distressed after years of operation.
Its major shareholder had to gradually sell its shares to a local pharmaceutical company in Dongjiang Province.
By 2006, the pharmaceutical company had already held % of S Yanji Road's shares and had absolute control.
Of course, the original listing name of S Yanji Road was not this, but Yanji Highway. Later, due to poor management, it gradually became *ST Yanlu, and finally became S Yanji Road.
Originally, the local pharmaceutical companies in Dongjiang Province were unwilling to hold on to such a money-losing product, so they tried to find an opportunity to sell it.
Coincidentally, Guangzhan Securities' net profit soared in the three quarters of 2007, 2008 and 2009, and it was also looking for opportunities to go public.
As the saying goes, when a turtle falls in love with a mung bean, they fall in love with each other. Guangzhan Securities and the pharmaceutical company in Dongjiang Province hit it off and immediately formulated a share reform plan for S Yanji Road, determined to help Guangzhan Securities complete its listing by using S Yanji Road's shell.
This involved a rather complicated process.
For example, the original shareholder of S Yanbian Road, a pharmaceutical company in Dongjiang Province, holds 46% of the non-circulating shares of S Yanji Road. If Guangzhan Securities wants to go public through a backdoor listing, the first thing it needs to consider is the interests of the original shareholders.
Finally, the two parties agreed to use all of S Yanji Road's assets and bank loans to repurchase all non-circulating shares held by the pharmaceutical company in Dongjiang Province.
After the repurchase, these non-circulating shares will be cancelled.
In other words, S Yanji Road used all of its own assets and money from loans to repurchase these shares and regain control of the company.
After regaining control, the next thing to consider is how to make a major shift for Guangzhan Securities and transfer its business and original shareholders to the listed company S Yanji Road.
After consultation, S Yanji Road finally decided to add more shares again, and through the method of stock swap, it would completely bind S Yanji Road and Guangzhan Securities into one.
This matter sounds complicated, but it is actually quite simple.
In addition to this pharmaceutical company in Dongjiang Province, there are some other small non-circulating shareholders in Yanji Road.
Similarly, before Guangzhan Securities went public through a backdoor listing, leaders and employees at all levels of the company were also allocated a portion of shares. Both parties had shares, and the shares had value. If they wanted to unify the shares, they could only exchange shares.
In exchange for Guangzhan Securities' backdoor listing, these non-tradable shareholders of S Yanji Road reduced their S Yanji Road shares to 1 shares for every 0.71 share.
At the same time, S Yanji Road issued additional shares.
Shareholders of Guangzhan Securities will receive 0.83 share of S Yanji Road for every 1 shares.
It seems that these non-circulating shareholders of S Yanji Road suffered losses, but in fact, S Yanji Road itself was a poorly managed company on the verge of bankruptcy.
These companies were able to exchange S Yanji Road's shares for 0.71 shares of Guangzhan Securities, which can be said to be a huge profit.
Of course, in addition to the open stock exchange, Guangzhan Securities also privately paid an additional 40 million in compensation to the pharmaceutical company in Dongjiang Province.
After both parties completed the share reform and Guangzhan Securities completely controlled S Yanji Road, it quickly changed the name of Yanji Highway to Guangzhan Securities Co., Ltd. and completed the backdoor listing.
On February 2010, 2, Guangzhan Securities was officially listed.
On the day of listing, the stock price soared 400%...
There are many reasons for achieving such an achievement. The biggest one is that after the reorganization of the two companies, Guangzhan Securities, with a total shareholding of 2.5 billion, has only more than 92 million unconditional restricted shares that can be circulated in the secondary market.
Scarcity makes things valuable. The fewer shares in circulation, the more conducive it is to capital speculation.
In addition, the price-to-earnings ratio of Guangzhan Securities is much higher than the stock price of S Yanji Road when it was suspended. Anyone with a discerning eye can see that buying shares of Guangzhan Securities at the price of S Yanji Road would be a huge profit.
Due to various reasons, Guangzhan Securities became famous overnight!
As long as Huada Fund can seize this opportunity and buy Guangzhan Securities' shares in advance, the 400% profit will be enough to fill the hole of 400 million yuan.
Even if it's a hole of 1.4 billion, it's not a bad idea.
The only drawback is that the more than 92 million circulating shares only have a circulating market value of more than 1 billion yuan, and Huada Fund certainly cannot take them all.
But as long as they take 20%, it will be enough to make more than 700 million yuan by the time Guangzhan Securities goes public through a backdoor listing!
Looking at the name of S Yanji Road written by Su Yang, and the words "four hundred percent", he couldn't help but take a breath.
"I have also heard about the news that Guangzhan Securities acquired S Yanji Road, but it has been more than three years since 2006. During this period, the stock price of S Yanji Road has been falling. Many people have lost their patience. If we rush in at this time, what if the acquisition fails and S Yanji Road is delisted?"
Su Yang sneered: "You were also worried last time."
"Anyway, the road has been given to you. Whether you walk on it, how you walk on it, and how much you invest are all up to you."
"I am a shareholder of Huada Fund, but I am not the chairman..."
"Fill your hole, and the rest of the business will depend on you."
Last time they made a huge profit of 500 million, and this time they made another 700 million. If they continue like this, something bad will happen.
The Daily Limit Suicide Squad has been able to call the shots in recent years, and if a few years pass, the leader will be imprisoned, and he doesn't want to follow in their footsteps.
At least Dong Zhendong was right in saying that those who stand at the forefront can ride the wind and waves, but only those who retreat at the dawn can protect themselves.
Ge Weimin was extremely conflicted. He felt that this was an opportunity no less than Shenzhou Tai'an, but if he invested in a stock that was about to be delisted, he would be completely trapped.
To gamble or not to gamble?
Su Yang was too lazy to pay attention to him. No matter what position he was in, life was like this. He always complained that he could not make money, but when the opportunity came, most people could not grasp it. They could only regret it afterwards and think that if he had gritted his teeth and stomped his feet, what the hell would Jack Ma and Warren Buffett have to do with it!
People can only make money within their own cognitive scope...
The money earned by luck will sooner or later be paid back by ability...
Instead of taking the time, he should spend some time with Si Yao.
Si Xuezhong's sudden death was a huge blow to Si Yao.
The only consolation for him was that before Si Xuezhong died, he learned about Si Yao's true life experience.
Who would have thought that the child he had suspected for thirty years was actually his daughter.
But during his time at the Chuncheng Municipal Bureau, he also figured out one thing...
It was not these bandits who killed Si Xuezhong, but Si Xuezhong himself who ended his own life.
He wants to exchange one life for another...
But it wasn't Han Ying's life that was saved.
But Si Yao's life...