That night, Dongbai Supermarket issued the "Announcement on the Suspension Progress of Planning, Reorganization, Listing and Related Transactions". The company will officially suspend trading tomorrow and resume trading on Monday, October 19.
Good guy!
Are you really going to reunite with Yong Hui now?
The owners of Dongbai Supermarket were excited, the sellers had their thighs broken, and it was extremely painful to die before dawn.
Today, the institution's crazy buying of more than 140 million yuan has been questioned by many investors as "insider funds". It was too timely to enter the market.
But more than anything else, they were beating their chests after selling out. Investors never expected that Dongbai would actually be reorganized. When the market opened on Monday, October 19, there was no doubt that the votes would top the board and double from the bottom up. Go to the rhythm.
…
The next day, Wednesday, September 30th.
On the last trading day before the holiday, Big A did not continue to hit new lows, but stopped falling and rebounded. It rose by more than +1.77% during the session and regained the 2800-point mark. However, it fell back again within a few minutes and finally closed at 2779.43. points, closing up +0.90%, Big A ended September's market with a red closing.
Fang Hong has raised his position to the ninth level and is holding a heavy position for the holidays.
Time has entered the long October holiday. On October 5, Quantum Beat issued an announcement that its Weibo platform had exceeded the 100 million user mark.
…
Quantum Beat Headquarters.
"The number of users has finally exceeded the 100 million threshold. Looking back, it feels unbelievable. One year after Weibo was launched, the number of users exceeded 100 million!" Xu Jingren said with emotion in the office.
Quantum Beat’s Weibo platform was launched around October last year.
At this moment, Fang Hong also arrived at the Quantum Beat headquarters. As the company's chief strategy officer, he was basically indifferent and rarely even came to the company. Xu Jingren and the others didn't care that their boss was the boss. Anyway, Fang Hong wouldn't come to the company. can operate normally.
"Oh, by the way, the company has recently successfully reached an in-depth cooperation agreement with 3G Portal to integrate news information, Weibo products, clients, mobile search and other fields. At the same time, Liangdong Weibo has integrated with 3G Portal SNS products. The two parties officially jointly operate the 3G portal Weibo." Xu Jingren immediately talked about this matter.
3G Portal was founded in 2004. It has more than 70 content channels including bookstore, sports, news, entertainment, finance and so on. It is currently the largest mobile Internet portal in China.
Obviously, Xu Jingren’s team has already started working on mobile Internet, which is also on the plan list.
Fang Hong is quite satisfied with the development of Quantum Beat. Although he does not come to the company once every ten days and a half, Qunxing Capital keeps track of the data, and his assistant Tian Jiayi makes daily reports to him every day.
Not coming to Quantum Beat in person does not mean that you don’t understand the company’s operations.
After a while, Xu Jingren said: "In addition, the Weibo platform will launch the Q version of Weibo internal testing at the end of the year, mainly to attract the young user group of the 'post-90s generation' through a cartoon-style interface and user operation methods."
Fang Hong nodded and said immediately: "The company can proceed according to the established plan, and the client side must be done well. Another important thing is the backdoor listing of Quantum Jump on the A-share market."
Hearing this, Xu Jingren was stunned and said: "What? So fast? We have just completed the A round of financing, and the company currently has sufficient funds in its account."
In the last A round of financing, Quantum Beat took 500 million from Qunxing Capital, and has only spent more than 100 million so far. In Xu Jingren’s view, the company will have no financing needs in the next six months.
Fang Hong said methodically: "Backdoor listing is not that easy. It will be very good if you can successfully backdoor and list A-shares before the beginning of 2011, so you have to prepare in advance. A-share listing is much more troublesome than listing in the United States."
It is almost impossible for domestic Internet companies to be listed on the A-share market, because Internet companies are very short of money in the early stage but cannot make profits. If they make profits, they will die soon. They have not broken out during the expansion period. Once they choose Realization means a plummeting competitiveness.
Because of this, in order to seek development funds, domestic Internet companies may not be able to get shares in the A-share market just by lining up for one or two years. For the Internet industry, one or two years is enough to determine the life or death of a company. After raising the money, the day lilies were already cold, so I had no choice but to go to the United States to go public.
Quantum Beat is actually not short of money because it is backed by Qunxing Capital. From this perspective, it doesn’t matter whether it is listed or not.
However, Qunxing Capital needs its subsidiaries to be listed to increase its credibility. The listing is not for the development of Quantum Jump itself, but for the needs of the parent company.
At this time, Xu Jingren worriedly said: "But boss, the company adopts the ab system. To be listed on the domestic stock market means that the company must be restructured. Now Qunxing Capital is the largest shareholder. If we restructure, we will lose control. Qunxing Capital will still have to Be defensive."
Fang Hong smiled in his heart when he heard this. It seemed that the acquisition of Hengtong Pharmaceutical Group still had a big impact on Xu Jingren, but he didn't point it out.
Fang Hong immediately smiled and said: "Who said I want Quantum Beat to be launched on the market?"
Xu Jingren couldn't help but said in shock: "Then...?"
Fang Hong said calmly: "Quantum Beats will not go public. Instead, Weibo will be spun off and reorganized into a subsidiary of Quantum Beats Holdings. Wouldn't it be enough to let this subsidiary go public?"
As soon as these words came out, Xu Jingren came to his senses and nodded suddenly: "I see, then it's okay."
Quantum Beating became the parent company, and Weibo was spun off and listed on a big A backdoor. This was Fang Hong's strategy. Let Quantum Beating go public at this time? He is not that stupid, because the real heavyweight product "WeChat" has not yet come out.
Going public at this time means giving up equity at a cabbage price.
Fang Hong still plans to leave the WeChat product to Quantum Beat. After WeChat is launched, the future valuation of this product will be a social dominance software starting at 500 billion. Quantum Beat will be listed on the market and sold at the current valuation. Equity, then you have to go to grandma's house.
Fang Hong would naturally not engage in this kind of business. If Quantum Beat were to be listed, WeChat would not be included, but if Weibo were to be spun off and listed separately, then there would be no problem.
When the time comes to connect with the capital of other car-following companies, they will also get the equity of Weibo subsidiaries. WeChat has nothing to do with them here, unless it directly finances the parent company Quantum Beat.
However, the most valuable thing in Quantum Beat at present is the Weibo product. To spin it off is equivalent to stripping off Quantum Beat’s most valuable asset. Quantum Beat will have no value. The capital that wants to get on board will directly invest in it. There is nothing to say about the financing of Weibo subsidiaries.
At the end, Xu Jingren asked: "When will it be separated and divested?"
Fang Hong thought for a while and replied: "You can decide what to do specifically. Just complete the spin-off and reorganization before the end of this year. At that time, I will bring in a group of investors for refinancing. These investors will have to sign contracts with them after they come in." Agreement between persons acting in concert.”
Xu Jingren couldn't help but nodded: "No problem, I'll leave the capital market to you."
After a moment of pause, Fang Hong added: "However, before the spin-off and reorganization, Qunxing Capital will also take another share of Quantum Beating's equity."
Hearing this, Xu Jingren was a little confused, and immediately said: "Qunxing still needs to raise funds? But the company is not short of money now, and the money from the A-round financing has not been spent yet."
Fang Hongtan said: "That's because Qunxing Capital has included Quantum Beat among their key strategic projects, so it requires an increase in the company's shareholding ratio. This is a good thing. It is easy to enjoy the shade with a big tree behind it. This is tantamount to complete We have reached the closest alliance with Qunxing Capital, both parties are tied to the same chariot, and everyone’s interests are common and consistent.”
Xu Jingren couldn't help but said: "Is there any pitfall here?"
Fang Hong said with a smile: "Don't panic, Quantum Beat is not Hengtong Pharmaceutical Group, and there are no loopholes in the control of the AB-share system. Qunxing Capital seeks more equity because it wants to make Quantum Beat bigger and stronger, bigger and stronger, Qunxing has done so." Bringing in more money takes the greatest risk, and it is fair to take away the largest proportion of the pie.”
Xu Jingren thought about it carefully, and there was nothing wrong with it. Moreover, after Qunxing Capital invested money, it basically ignored or even rarely interfered with it. Apart from checking the company's finances and understanding the specific flow of each of the company's funds, it never had any knowledge of the company's actual operations. I have interfered, at least not so far.
Such investors are indeed the most comfortable cooperation for entrepreneurs.
What's more, the boss's girlfriend and his future father-in-law's family are closely related to Qunxing Capital. Thinking of this relationship, Xu Jingren felt relieved. What's more, the entrepreneurial team also has a veto power, and the AB share system has different rights for the same shares. , there is no need to worry about the control of Quantum Beat being taken away by Qunxing Capital.
Finally, Xu Jingren turned to Fang Hong and asked: "How much equity does Qunxing Capital plan to ask for this time? How much money will it raise?"
…
