Chapter 359 [Core Assets of

As for how to manage the market value management of Weibo subsidiaries, Fang Hong did not give specific strategic requirements to those institutions.

How to do it is their business, Fang Hong will not care about how the secondary market is interpreted, whether it is skyrocketing or plummeting, or whatever, and will not participate in the game of funds in the secondary market of his company.

However, Fang Hong had only one requirement. The PE valuation of the Weibo subsidiary should not be lower than a static price-earnings ratio of 70 times by the end of each year, and he would not care about how it fluctuates at the end of the year.

As a growing IT Internet company, it is not an exaggeration to give it a price-earnings ratio of 70 times. After all, it is not a traditional manufacturing company or a financial company.

At present, Qunxing Capital is still actively promoting listing projects. In addition to the Weibo subsidiary that is about to land its boots, there is also Ruihe Pharmaceutical Group, which was born out of Hengtong Pharmaceutical Group after the reorganization.

This company is applying for an IPO listing on the GEM, and the progress is going smoothly. If nothing happens, it should be able to complete the listing on the GEM by the end of this year.

The listing of Ruihe Pharmaceutical Group, the planned issue price is 27.28 yuan per share, the total share capital is 531.52 million shares, the IPO valuation is 14.5 billion yuan, the issuance of 122.62 million shares, and the raised funds of 3.345 billion yuan, accounting for 23.07% of the company percentage of total equity.

Behind Ruihe Pharmaceutical Group is Xingyu Technology, which is now at its peak in the smartphone industry. It will strive to complete the listing before the end of 2012. Unlike Ruihe Pharmaceutical Group’s normal process of applying for listing, Xingyu Technology is still going Backdoor listing this way.

Both the Weibo subsidiary and Ruihe Pharmaceutical Group are listed with a valuation of tens of billions of dollars. The plates of the two companies are indeed not small, and they can be regarded as mid-cap stocks.

But Xingyu Technology is definitely a giant compared to them, and its scale is an order of magnitude larger than the previous two companies, that is, a huge scale of 100 billion.

The backdoor target has actually been found, but Qunxing Capital has not yet carried out specific actions, and has not even started contact with the management of the shell company. It is currently in a highly confidential stage.

At present, the capital market generally gives a valuation of Xingyu Technology in the range of 120 billion to 150 billion yuan, but this is based on the current valuation, and the expectation for 2012 is not this figure.

With the explosion of the smart phone industry in the next few years, Xingyu Technology's future market value is expected to surpass the No. 1 line in the universe, becoming the No. 1 Big Mac in the A-share market, and entering the market value world on a global scale. top ten ranks.

And Fang Hong gave Xingyu Technology a valuation expectation of 500 billion for the time period from 2012 to the backdoor listing, and has already begun to carry out the work related to the backdoor listing according to this figure.

According to the current draft, Xingyu Technology will go public through the back door. After completing the asset injection, additional issuance of new shares and high-end transfer, the total share capital will increase to 186.5 billion shares, and the fixed increase will raise 65 billion yuan. The company's overall valuation will be 500 billion yuan. , corresponding to the resumption price after ex-rights is 2.68 yuan per share.

After the backdoor listing of the Xingyu Technology stock, it took the path of low pricing, and it was placed on the main board of the Shanghai Stock Exchange. With such a low stock price, shareholders only need 268 yuan to buy a lot, and any retail investor can participate in investing in it.

However, the low stock price does not mean that the valuation is low.

It also depends on the company's total share capital, which is 186.5 billion shares. If you don't know it, you may think it is a large state-owned bank.

A-share listed companies with a total share capital of more than 100 billion shares currently only have six votes from the four major banks and two barrels of oil. In the future, with the completion of the backdoor listing of Xingyu Technology, A-share listed companies with a total share capital of more than 100 billion shares will Add a new member.

The listing of two companies, Ruihe Pharmaceutical Group and Xingyu Technology, are two projects that Qunxing Capital has already put on the agenda, and Yixing Media Group, which has not yet been put on the agenda, is also going to enter the A-share market .

In addition, Yixing Video, an independent financial subsidiary, will also get into the A-share market. A little further away is WeChat, which has just been established, Kunpeng Technology, which was finalized a few days ago, and so on.

After this series of subsidiaries and grandchildren of Qunxing Capital have landed in the A-share market, at that time, they will form the core asset targets of the "Galaxy" A-share market in the future.

...

On the weekend of May 2, Chu Changxing's Kunpeng Technology successfully obtained Fang Hong's 10 million financing funds, signed the contract on the same day and got the money smoothly.

The moment Chu Changxing signed the investment contract, he was truly relieved that there would be no further changes.

After getting the money, Kunpeng Technology will open a new chapter after completing the company's move to the new city. The goal for the second half of the year is to make efforts to bring the first generation of Kunpeng drones to the market.

...

Monday, May 3, Tokyo, Japan, around 10:00 a.m. local time.

A piece of news from the Greater China market reached the headquarters of TDK Corporation today. The president of the TDK Group looked at the secretary who came to the report and said in shock: "Nani? ATL?"

329.1 billion yen, or about 3.5 billion U.S. dollars or 23.9 billion yuan, excluding exchange rate changes.

His secretary nodded affirmatively and replied: "Yes, Your Excellency, President, and the inviting buyer also promised to settle 100% in cash."

The president of TDK Group was shocked again: "Direct cash acquisition? What is the origin of the acquirer?"

The secretary briefly reported: "Quanxing Capital, according to the information, the company was established in August 2008. It is a non-bank financial investment company. It has risen at an astonishing speed in recent years. Shocked, successfully invested in companies such as Quantum Beat, Xingyu Technology..."

I was really shocked by the extravagance. The president of TDK Group has already felt it. He offered 329.1 billion yen to buy ATL company when he opened his mouth.

After briefly introducing the information of Qunxing Capital, his secretary added: "Your Excellency, according to the news from the Greater China market, after the company proposed a wholly-owned cash acquisition offer, it expressed its willingness to give us Three days of consideration time, if the time limit is exceeded, it will be regarded as a rejection, Qunxing Capital will automatically give up the acquisition, and they express their rejection of any form of counter-offer."

Hearing this, the head of TDK was stunned with question marks on his head.

He looked like he was alive.

Because this was the first time he encountered such a situation, it made him inexplicably feel that Qunxing Capital was playing with them, and the statement of the acquisition invitation was too rash.

After reacting, the head of TDK Group confirmed the matter again from the secretary, and got a positive reply, Qunxing Capital really wanted to acquire, and the statement was true.

"Why would they focus on ATL?" The head of TDK couldn't help but think carefully, and was willing to pay such an exaggerated premium. In 2005, he bought ATL for 100 million U.S. dollars. If it was sold to Qunxing Capital, That is the amazing return of earning 35 times in less than five years.

It's all cash purchases!

In this situation, anyone will subconsciously judge that ATL must have what they want, and they are so excited that they want to get it at any cost.

Then you can't sell it easily, you have to figure it out before you talk.

At this time, his secretary suddenly said: "Your Excellency, President, maybe Qunxing Capital may be considering Xingyu Technology's battery supply chain?"

The head of TDK Group nodded and said: "This possibility is not ruled out."

At present, ATL is the battery supplier of Xingyu Technology. The head of the TDK Group has already heard about this company, and the "plagiarism" incident with Apple is making a fuss in the global technology circle.

After thinking about it for a while, but still unable to figure it out, the head of the TDK Group immediately called the company's executives to start a meeting to discuss this matter.

...