Gome Huang Guangyu, the operation of Trilogy Capital Anatomy (2)

 Anatomy of Huang Guangyu, operation of the trilogy (1)
Second, the stock market
Gome Huang Guangyu of China has grown into today's leading electrical retail business, largely due to the use of its capital markets. is is because the Hong Kong listed Gome Huang Guangyu, whether I make the United States or the country have access to ample funds, the expansion of the business so as to lay a solid foundation.
Huang Guangyu of Gome backdoor listing in 2004 by way of traded in Hong Kong to achieve, and Huang himself through a series of capital operation to substantial growth in their net worth, sit tight in the top spot in Mainland China's richest man. Huang Guangyu, the operation of capital in accordance with the shell can be divided into chronological order, listing, cash three steps, and ultimately this will be 0493 and talk in a person called CHIM Pui-chung Source: Hong Kong Stock Exchange, www.hkex.com.hk. this person's role is to help the shell Huang gradually get 0493, which was listed as Gome, whose real name basis .0493 capital automation, computer-aided design system is a business (CAD) of the company, with operations in mainland China and Hong Kong, Southeast Asia, North America. as the fierce competition in the industry and the business of a single, company years of losses, its stock has been abandoned by investors in the last century Less than 90 cent late fall, a Hong Kong population truly a to manipulate the by the 0493 issuance and placement of its 3100 shares, 0493 to become the largest shareholder.
Figure 8 0493.hk 10 years of stock price chart Source: Yahoo HongKong Finance
Figure 9 share in 2000 0493.hk change from the 0493 figure
equity issuance in 2000 of the situation (Figure 9), we found that two of its equity growth rate of almost a straight line. The first additional 19.7%, bringing the total share capital to 10,800 million shares; additional 19.2% in the second, bringing the total share capital to 22,400 million shares. According to the relevant provisions of the Hong Kong Stock Exchange, if the issuance of more than 20% equity, you need to hold a special shareholders meeting, the 0493 two additional amount of no more than the 20% CHIM Pui-chung is indeed the stock market shows superb skills. In 0493 the price reached CHIM Pui-chung high stake, its share prices will fall all the way (Figure 10), from June 2000 to 1.2 yuan / share the same year in September fell to 0.6 yuan / share, and then the end of December fell to 0.38 yuan / share. The placement of shares to the outside world several times during the 0493 allotment: to strategic investors, the behavior of equity financing, placing the object was actually Huang Guangyu. in the low to benefit their allotment to Wong Kwong Yu low cost access to more of the shares.
Figure 10 0493.hk stock price chart
0493 in order to further obtain a controlling stake in December 2000, Huang Guangyu, the name of his brother Junqin Eagle Building in Beijing three offices into 0493, and accordingly received 12 million in cash and the total dollar value of 13,280,000 Consideration Shares Consideration Shares: the acquisition of certain assets not paid in cash and additional shares of the Company to pay. from this transaction we do not difficult to find, the allotment of not more than 20% of the same, because, according to the price at 0.38 yuan / share calculation 13,280,000 Hong Kong dollars / 0.38 = 3,600 million, an increase of less than 20%. At this point, holding 22.1% CHIM Pui-chung, Huang holding 16.1 %, the two first together happily.
With the expansion of the business needs of Gome, Huang Guangyu, the control to speed up the pace of 0493. He at September 12, 2001 and February 5, 2002 purchase of 0493 placing the two The new shares, priced at 0.18 Hong Kong dollar and 0.10 Hong Kong dollars, the price was nearly 10% discount. more than a series of transactions completed, the yellow has become the largest shareholder letter 0493. At this point Mr Huang has been a 0493 85.6% (2.2% of individual holding yellow with yellow private company Shining Crown 83.4%) (Table 2) of the shares, the Stock Exchange 8.08 has provided more than 75% of the full stake acquisition and privatization proposal standards. so as to maintain the listing status of 0493, then the market price of 0.425 yuan Huang / shares sold 111% stake in cash, a net gain of 76.5 million in cash
② ③ Source: Hong Kong Stock Exchange, www.hkex.com. hk, make it float down to 75%.
Table 2 immediately after completion of the Placing Agreement and the issuance of 0493 changes in ownership structure
additional number of shares held before (%)
immediately after the completion of additional Number of shares held (%)
restore the public float of 25% of the number of shares held after the number (%)