thefictionvixens Chapter 60 Reverse Takeover and Restructuring Plan
Chapter 60 Reverse Takeover and Restructuring Plan
Su Hongyi returned to his residence, which was also a villa, but not in the same villa district as Su Qingyue.
Su Hongyi was all smiles on the way back.
Upon entering the house, Su Hongyi's wife saw him humming a little tune with a smug look on his face and asked curiously, "What good thing happened? Why are you so smug?"
Su Hongyi glanced at her, sat down next to her, and said happily, "Great news! Our precious daughter has found someone she likes."
His wife's face immediately lit up with joy: "She finally wants to find a boyfriend? Which young master has she set her sights on? The Li family? The Qin family? Or the Zhao family?"
Upon hearing this, Su Hongyi's face immediately turned disdainful, and he snorted, "None of them are good enough for my precious daughter."
"Who is that?"
Su Hongyi then told his wife about Lin Chuan.
"...That's roughly it. This Lin Chuan, don't underestimate him just because he hasn't made it big yet, his future achievements are unimaginable." Su Hongyi said with a smile, clearly extremely satisfied with this son-in-law.
His wife was looking at Lin Chuan's photo and nodded repeatedly: "He's really handsome, and he and our daughter are a perfect match."
At this moment, Su Hongyi looked at his wife and said, "Do you know why I'm so happy? That girl has decided to adopt a child into the Su family to continue the family line, and importantly, Lin Chuan also nodded in agreement without hesitation."
The wife was surprised to hear this, but quickly showed her delight.
This matter has always been a source of pain for her, and now it can be considered a way to fulfill her dream in another way.
Although she was adopted, she is half of the Su family bloodline.
……
Meanwhile, at Su Qingyue's villa residence.
The two had just finished a game and were now talking about what had happened at Deep Blue Technology recently.
Su Qingyue glanced at Lin Chuan and slowly said, "To be honest, I also bear some responsibility for this. If it weren't for me, Zhou Zhanming might not have targeted you, and the subsequent events might not have happened."
She added thoughtfully, "What I'm more confused about is, how did Zhou Zhanming know?"
Upon hearing this, Lin Chuan smiled and said, "Either it's because I come here so often, or Qiu Zhanfeng is taking this opportunity to retaliate against me. He knows that my relationship with you is unusual, but it doesn't matter now. The Zhou family's experience has had a great deterrent effect."
Lin Chuan looked at Su Qingyue: "This is not your fault. The military only protected you secretly and did not make a high-profile announcement that they were following Deep Blue Technology, so that others would think that they were easy to manipulate without any background. Even without your involvement, it would still have happened."
Even with the lightning-fast handling of the Zhou family incident, the military did not make a public appearance; instead, other departments intervened.
If the military intervenes directly, it would be tantamount to telling the outside world that DeepBlue Technology is under the strict protection of the military, thus letting everyone know that the company possesses extraordinary national-level strategic military secrets.
However, this incident was not entirely a bad thing. The Zhou family's ordeal caught the attention of various local power groups in Xin'an City.
This incident served as a great deterrent to various forces, and Deep Blue Technology truly established itself in Xin'an. Basically, no one dared to provoke it easily, and those with covetous intentions had to think twice.
In other words, DeepBlue Technology has a long-term and stable window of opportunity for development.
At that moment, Lin Chuan looked at Su Qingyue and changed the subject: "Senior sister, I plan to have Deep Blue Technology go public through a backdoor listing."
"A backdoor listing?"
Su Qingyue looked at Lin Chuan with a hint of surprise, then looked away thoughtfully: "You want DeepBlue Technology to go public through Shenhong Electronics' shell, right?"
Lin Chuan smiled and said, "As expected of Senior Sister."
Shenhong Electronics' current total market value has fallen to around 20 billion yuan, but its fundamentals have not changed and there has been no earnings surprise. The current A-share market is in a bear market, and the low market value is a result of the bear market dragging it down.
Su Qingyue asked again, "Are you really sure you want to push DeepBlue Technology to go public?"
Lin Chuan nodded firmly: "Confirmed."
Having received his affirmative answer, Su Qingyue didn't ask for the reason and simply said, "Okay, Shenhong Electronics will be listed through a backdoor listing for you. I can make that decision."
Su Qingyue looked at Lin Chuan and added, "You get started on your preparations, and let me know when you're done."
Lin Chuan nodded: "The plan has been finalized. I'll bring it to you tomorrow."
……
The following day, at approximately 4:00 PM, Shenhong Group.
"Mr. Lin, please come in."
Upon entering Su Qingyue's office, her secretary brought Lin Chuan in and then quietly withdrew, closing the door behind her.
Lin Chuan sat down on the sofa and casually placed a document he had brought on the table.
A moment later, Su Qingyue came out of her desk, walked over slowly, and sat down in the seat next to him.
Lin Chuan gestured to the documents on the table: "This is the restructuring plan for a backdoor listing."
Upon hearing this, Su Qingyue picked up the document and opened it to take a look.
The restructuring of DeepBlue Technology through its backdoor listing with Shenhong Electronics mainly involves three stages: asset divestiture, asset swap, and issuance of shares to purchase assets.
Shenhong Electronics' original business was divested, and Shenlan Technology's assets were injected into the listed company.
The specific operational process begins with internal asset integration and divestiture. Shenhong Electronics transfers all of its assets, liabilities, and businesses, except for its wholly-owned subsidiary Shenhong Development, to its subsidiary Shenhong Development, thus completing the internal restructuring.
Shenhong Electronics transferred 90.51% of its equity to its original controlling shareholder or its designated party for RMB 17.6 billion in cash, thus achieving a substantial divestiture of its original assets.
Then came the asset swap, where Shenhong Electronics swapped its remaining 9.49% stake in Shenhong Development, valued at approximately RMB 1.83 million, for equivalent assets held by all shareholders of Shenlan Technology.
Then comes the issuance of shares to purchase assets.
The 100% equity of DeepBlue Technology is valued at approximately RMB 168.55 billion, a valuation level that is in line with the company's current nascent growth stage.
This backdoor listing is not intended to raise money from the stock market and exploit retail investors. Even if the valuation is low, the market will push up the market value.
Since the shell company is controlled by Su Qingyue, there's no need to worry about any unexpected problems arising.
After deducting the RMB1.83 million already replaced, the remaining approximately RMB166.72 billion will be paid by Shenhong Electronics through the issuance of 44.43 billion shares to all shareholders of Shenlan Technology at today's closing price of RMB3.73 per share.
Including Shenhong Electronics' existing 5.57 million shares, the total number of shares after the merger and reorganization will be 50 billion.
Following the completion of the restructuring, the company's control also changed, with Lin Chuan becoming the new actual controller and possessing absolute control over the company.
At the same time, the company's stock abbreviation was changed from "Shenhong Electronics" to "Shenlan Technology", and its main business was transformed to the scope of Shenlan Technology's business.
After the restructuring through a backdoor listing, DeepBlue Technology's equity structure will also change.
林川持股比例为46.21%，是公司的第一大股东；苏倾玥作为第二大股东持股15.99%；创始团队15合计持股13.33%；股权激励预留池为13.33%。
All of the above-mentioned shares, totaling 88.86%, are non-tradable shares.
The equity held by Zhang Wei, Jiang Miaolan, and the other 15 founding team members, including employees who will receive shares as part of future employee incentives, will not be sold directly on the secondary market if they wish to cash out in the future.
Instead, according to the agreement, the founders have a right of first refusal to repurchase the shares, with the repurchase price calculated based on the current share price.
If someone decides to cash out, Lin Chuan will buy them back directly.
The shares that Shenhong Group originally held in Shenhong Electronics were transferred to Shenlan Technology after the restructuring. The company's total share capital increased to 50 billion shares, and Shenhong Group became the third largest shareholder of Shenlan Technology, holding 3.9% of the shares.
For this purpose, Shenhong Group provided the shell company and all other expenses.
This means that DeepBlue Technology's cost of going public through a backdoor listing was zero. Without Su Qingyue's connection, this would most likely not have happened.
Finding other shell companies, at current market prices, would cost at least 35 billion yuan in total to secure a shell company.
Without a doubt, Shenhong Group should also take this 3.9% stake, since Su Qingyue is Shenhong's only heir, and the profits will still come from the same source.
The remaining 7.24% is distributed among 5.16 individual shareholders and some public and private funds, who were originally institutional investors holding Shenhong Electronics shares.
It is worth mentioning that these 5.16 retail investors account for about 65%, while institutional investors hold very few shares.
Because the A-shares market is currently in a bear market, most institutional funds have already exited, leaving only retail investors who are deeply trapped to stubbornly hold on.
The price has fallen so much that I'm reluctant to cut my losses, so I choose to lie low and play dead.
After reading the materials, Su Qingyue closed them and put them aside: "I'll have Shenhong Electronics issue an announcement in two hours, applying for a trading suspension."
……