The male god of magic capital

Chapter 100 101 Chengtian Holdings goes public
The acquisition of Lvting Group this time cost 2 million yuan and completely consumed the spare funds of Chengtian Holding Company.

But it was worth it. The next step was the merger and reorganization of the two companies, and then re-listed.

Now Lvting Group is a diversified business group with many subsidiaries.

Biopharmaceutical companies, semiconductor companies, transportation companies, 2 livestock and poultry feed companies, 2 hatcheries, 3 poultry farms, 2 food companies, 12 fast food companies, and a restaurant.

Involved in the semiconductor industry, biotechnology, medical, transportation, agriculture, catering, food industry.

That night, Luo Cheng announced the merger of Lvting Group and Chengtian Holding Company, and then reorganized the companies under it.

Chengtian Catering Company, Chengtian Food Company, Chengtian Agriculture Company, Chengtian Semiconductor Company, Chengtian Biotechnology Company, Chengtian Pharmaceutical Company, and Chengtian Transportation Company were established.

The Green Court Group has since disappeared.

Chengtian Holdings Co., Ltd. started as a diversified company, involving finance, semiconductor, biotechnology, medical, agriculture, transportation, food, and catering industries.

Then Luo Cheng set up a new department, the Industrial Management Department!

The Industrial Management Department of Chengtian Holding Company mainly manages the industrial assets of Chengtian Holding Company and these subsidiaries.

However, these subsidiaries need a lot of funds to tide over the difficulties, and they are also facing market squeeze from Liu Cangshan.

Green Court Group is still heavily in debt and needs money.

However, Chengtian Holding Company has insufficient liquidity.

According to Luo Cheng's statistics, about 1 million funds are needed to alleviate the crisis of these subsidiaries. As for the debts of the Green Court Group, there is no need to worry about it for the time being.

The most urgent thing to be resolute now is the funding of semiconductor companies, biotechnology companies, and pharmaceutical companies.

Now that Chengtian Holding Company and Lvting Group have merged, Luo Cheng will go public again to raise funds.

Immediately, Luo Cheng called the people from Citi Securities, and asked Citi Securities to value Luo Cheng's Chengtian Holding Company.

On the phone, Luo Cheng briefly talked about the matter of Chengtian Holding Company.

"Mr. Luo, we will go to Chengtian Holding Company tomorrow to re-evaluate your company." The vice president of Citi Securities was very enthusiastic.

Luo Cheng's Chengtian Holding Company is a major client of Citibank.

This is the 10 billion yuan of Chengtian Private Equity Fund and the 100 billion yuan of Chengtian Public Offering Fund, which are all placed in Citibank, and the trading seats of institutions are also opened in Citigroup Securities.

Trading this huge amount of funds will generate a lot of commissions, so the people from Citi Securities Company attach great importance to Luo Chengna.

"Okay, I'm sorry to bother you." After chatting for a while, Luo Cheng ended the phone call and said to Chen Baofeng, "Teacher, it's settled. After the valuation of Citi Securities Company is completed, it will go public again to raise funds, and then the companies under it will The funding gap can be filled.”

Chen Baofeng was a little worried: "I don't know how much I can value this time?"

After thinking for a while, he said, "It turns out that the Green Court Group has a net debt of 4 million yuan, and its subsidiaries have a large funding gap. Ronaldinho, you can be prepared."

"If the valuation of Citi Securities is low, it may not be able to raise much money."

Luo Cheng said with a smile: "As long as money can solve the problem, it's not a problem. Even if the valuation is very low, Chengtian Private Equity Fund has 10 billion yuan. It can solve the problem by operating a fortune in the financial market. gone."

"It's just that the A-share market has been weak recently, and Chengtian Private Equity Fund and Chengtian Public Equity Fund have been short positions."

During the recent period, A shares have been weak on the whole, and the market has been falling.

When it falls to a certain position, Luo Cheng's private equity funds and public equity funds will start to build positions.

Even if the re-listing does not raise much money this time, Luo Cheng will just operate private equity funds in the next few days.

Of course, he hopes that Chengtian Holdings will go public as soon as possible, so as to increase its popularity and allow public funds and private funds to enter a period of rapid development.

In the future, the market value will rise all the way, the higher the popularity, the more investors will invest in Chengtian Private Equity Fund and Chengtian Public Fund.

The more benefits it brings to Chengtian Holding Company.

With the rapid increase of the funds at his disposal, the greater the influence of Luo Cheng, the faster he will create a financial group.

Chen Baofeng: "The teacher believes that you can do it."

Luo Cheng smiled and said, "Mr. Chen, if you plan to teach in Fudan, you might as well continue to be in debt to Chengtian Semiconductor Company, Biotechnology Company, and Medical Company."

Chen Baofeng: "Then I will be in debt to the medical company and the biotechnology company. These two subsidiaries are located in Hangzhou, and they also have a research laboratory in Zhejiang University."

Luo Cheng nodded: "Okay, I will trouble the teacher in the future, I don't know much about this aspect, you can lead a team to research and develop, I can solve the funding problem."

Later, Luo Cheng asked Chen Baofeng to serve as the director of Chengtian Holding Company.

The positions of the senior executives of the Green Court Group have not changed.

However, Chengtian Holdings is now facing the problem of running out of operating funds, because the company's liquidity is really running low, and the acquisition of Lvting Group this time has increased a lot of personnel costs.

As for the crisis that its subsidiaries are also facing, only Chengtian Private Equity Fund and Chengtian Public Equity Fund can take care of Chengtian Holding Company.

The next day, people from Citi Securities came to Chengtian Holdings and began to evaluate Chengtian Holdings.

This time, Chengtian Holding Company merged with Lvting Group, reorganized and listed, which is also a favorite in the eyes of securities companies.

It turns out that Lvting Group's assets are as high as 10 billion, but its liabilities are 14 billion, and its net debt is 4 million. It has reached the point of insolvency.

Citi Securities valued Chengtian private equity fund at 0.5 million yuan and public equity fund at 3.5 million yuan, a total of 4 million yuan.

Luo Cheng immediately said: "Why is this? No, the scale of my private equity fund will become larger and larger in the future. Although it is only 10 billion now, you have to value it at least 1 million."

"And for this public fund, the management fee I charge is 2.25 million, and you only value it at 2.5 million?"

The vice president of Citibank said with a wry smile: "Mr. Luo, according to the valuation in the market, this is indeed the case, because private equity funds and public equity funds are full of risks. If they lose money, they will be subject to a large number of redemptions and liquidation. Many private equity funds With a lifespan of less than one year, many public funds on the market have suffered heavy losses within half a year, and their net worth can drop by more than 30%."

"However, we can give you a valuation of 1 million private equity funds and 6 million public equity funds. What do you think?"

Luo Cheng thought for a while and said, "That's fine!"

Subsequently, Citi Securities valued Chengtian private equity fund at 1 million and public equity fund at 6 million, totaling 7 million.

Calculated in this way, Chengtian Holding Company has total assets of 17 billion, total responsibility of 14 billion, and net assets of 3 million.

Because it is a financial company, the future income is unstable, and the original Green Court Group has a debt of 14 billion, so it is only valued at 1 times the price-to-book ratio.

3 million net assets, estimated at 3 million market value.

"Mr. Luo, I'm sorry, we can only give you a valuation of 3 million."

Although Citi Securities is only valued at 3 million, the stock price will be inflated, and the market value will definitely soar under the promotion of Luo Cheng's fans.

Luo Cheng's overseas family fund holds 20% of the shares of Cheng Tian Holdings through 100 offshore companies, worth 3 million.

How many shares will be issued in this listing?

According to regulations, when an A-share listed company IPOs, if the total share capital is less than 4 million, the proportion of public shares to the total share capital after listing must be greater than or equal to 25%, and if the total share capital is greater than 4 million, the proportion of public shares to the total share capital after listing It must be greater than 10%.According to the default law of current issuance, the best circulation is exactly 25% and 10%.

In the case of the re-listing this time, Luo Cheng changed the equity again. The total share capital of Chengtian Holding Company is 75 shares. If it goes public, 25 shares will be issued.

The total share capital will become 100 million shares, while the Roche Family Foundation will still have 75 shares, accounting for 75% of the shares.

Witnessing Luo Cheng's fan appeal, Citi Securities Company directly took 25 shares in the primary market, and then sold them to retail investors in the secondary market.

100 million shares, priced at 400 yuan per share. After the listing of Chengtian Holdings, the market value is 4 million, and the Roche Family Foundation holds 75% of the shares, worth 3 million. However, after the re-listing, the stock price has risen sharply. Those stakes will also appreciate in value.

And Citi Securities covered all the 25 additional shares issued, and paid 1 million funds to Chengtian Holding Company.

When securities companies and investment banks go public, they take stocks from the primary market and sell them to shareholders in the secondary market.

And the listed company has already taken the money from the brokerage.

If stockholders are not interested in the stocks of listed companies and the stock prices fall after listing, the brokerage may also lose money.

For example, this time Chengtian Holdings was listed at a price of 400 yuan per share. If the stock price fell to 300 yuan after the market opened, Citibank would lose money.

Of course, the stock price of Chengtian Holdings will not fall, because Luo Cheng has so many fans who are fanatical, and they will definitely buy wildly and hold it for a long time.

Luo Cheng also hopes that his fans can hold the shares of Chengtian Holding Company for a long time, so the total share capital is set at 100 million shares. In order to prevent excessive speculation, his shares of Chengtian Holding Company are worthy of long-term value investment for everyone of.

Chen Baofeng asked: "Xiao Luo, now that Citi Securities has paid 1 million, how do you plan to arrange it?"

Luo Cheng smiled and said: "Of course it is to save the subsidiary company. I don't want the subsidiary company to disappear. Teacher, your scientific research project continues, and I will always support you."

Chen Baofeng said excitedly: "Okay, thank you. Teacher has no dream in this life. He just wants to do some scientific research that benefits the society. Overseas technology monopoly is too strict, and we poor people can't afford imported expensive medicines."

Luo Cheng smiled and said, "Teacher, you can do it without worry."

This time, after Chengtian Holdings received 1 million funds, it immediately injected all the 1 million funds into its subsidiaries, saving semiconductor companies, biotechnology companies, and medical companies.

Soon it will be the day when Chengtian Holdings Company goes public!
(End of this chapter)