The Road to Rebirth Finance

Chapter 369 Retiring as Junshi No. [-] Fund Manager
For a period of time, apart from negotiating, Gu Junhao has not been idle at all. He has newly registered a company, and also transferred his holdings to Junshi Capital’s self-operated market at the closing price of 2 yuan on February 25. 10.60 Longji shares.

On February 2th, the stock price of Longji shares fell to the limit at that time, and it was also one of more than 25 stocks with the limit. The price of 1200 yuan was a relatively large loss for Gu Junhao personally, but the cost of holding positions in the self-operated market will be reduced a lot. That's a good thing.

Based on the total cost of 9.57 yuan, Gu Junhao also made a profit of nearly 3400 million yuan in this round of transfer, which is not a failure.

For this reason, Gu Junhao also recovered nearly 3.5 million yuan in cash, of which 1.5 million yuan was registered in the new company.

Compared with the difficulties when starting Junshi Capital, Gu Junhao at this time is much richer, and the registered capital of Junshi Capital was paid in batches.

The new company is a pure fund company, and its main body only serves public funds. At the beginning of registration, Gu Junhao had already thought about it. If the acquisition of this company fails, he will find a new one.

Since the 25-share price limit fell on the [-]th of this month, Junshi Capital has made breakthrough progress in the M&A negotiations, and the two parties have entered into a substantive price discussion stage.

On Monday, February 2, after half a month of negotiations, the merger and acquisition work was officially completed. Today is the day when the contract is formally signed. Junshi Capital will accept the mixed selection of small and medium-sized enterprises at a price of 29 million yuan, with a premium of 1.25%. fund.

At the close of trading today, the Shanghai Composite Index fell by 2% again since its fall on February 25. The index fell below 2.86 points to 2700 points.

In the intraday session, the Shanghai Composite Index touched 2638 points again, the lowest reported at 2638.96 points, lower than the previous 1 points on January 27.

The Shanghai Composite Index fell by 1.81% in the whole month, and the index closed at a lower point, but it did not break the previous low in January. This can be regarded as a market trend of stepping back.

The Growth Enterprise Market Index fell 6.69% today, and the index closed at 1880.15 points. The monthly level fell 5.71%, and the trend was weaker than that of the Shanghai Composite Index.

From a historical point of view, most of the small and medium-sized start-up stocks, except for a few stocks that have verified their growth stock attributes, most of the final trend is to come back and return to where.

The GEM index is also a process of constantly looking for the bottom. In memory, the GEM index even fell below 1200 points.

At present, compared with the Shanghai Stock Exchange, the GEM above 1800 points is still somewhat overvalued in terms of individual stocks. Since 18 years ago, the GEM individual stocks will not have much market value.

In 2018, with the listing of King Ning and the development of new energy, photovoltaic and other industries, it will finally drive the rebound of the GEM.

After signing the contract, the merger and acquisition of the fund company has been officially completed. Currently, Shen Boyu, Guo Yuanwei and others are leading the relevant personnel to reorganize.

In addition to retaining the small and medium-sized venture selection fund, the original fund companies will all be liquidated, divested of assets, and then canceled.

The SME Selected Fund will be merged into Gu Junhao's newly established company, Junshi Fund Management Co., Ltd.

Junshi Fund Management Co., Ltd. has a registered capital of RMB 1 million and a paid-in amount of RMB 1 million. It is a small and micro enterprise and belongs to Gu Junhao together with Junshi Capital.

The shareholding ratio of the new company, Gu Junhao, dropped to 97%. During the acquisition process, his network resources and Shen Boyu, who presided over the negotiation, were mobilized. Gu Junhao gave him a 0.5% equity reward.

In addition, there is another 2.5% of the equity, which is temporarily stored in the name of Gu Junhao in the name of employee incentives, and will be used in the future to reward executives and employees who have made significant contributions to the company.

The two companies are running in parallel. Gu Junhao would like to set up a group company to combine the shares of the two companies, but it has not yet reached that level.

A group company needs at least five subsidiaries, so Gu Junhao had to set up another company called "Junyi Investment Co., Ltd." in the form of a limited liability company.

In the way of establishing a subsidiary with a limited liability company, the equity of the two companies is brought together in one place. For the newly established Junyi Investment, Gu Junhao holds 100% of the shares.

Through Junyi Investment, the two subsidiaries of Junshi Capital and Junshi Fund are controlled. The two subsidiaries operate independently, but at present, several senior executives of Junshi Capital are still in charge.

From the perspective of equity structure, Gu Junhao holds 100% of Junyi Investment, and Junyi Investment holds 98% of Junshi Capital and 96% of Junshi Fund.

The other 2% shares of Junshi Capital are still held by Zhang Mingde, but the legal person has been replaced by Gu Junhao, who is also the legal representative of these three companies.

At the same time, the company's human resources department is already preparing for the recruitment of new company personnel. In addition to internal competition, external recruitment has also begun.

Shen Boyu, who has received a 0.5% equity reward, is full of enthusiasm. The 0.5% equity reward is not too much. When converted into the registered capital of Junshi Fund, it is only 50 yuan.

But his value is obviously not calculated in this way, not to mention that in the future employee rewards, there is no saying that there will be no more Shen Boyu's share.

At the moment when the equity transfer agreement was signed, Shen Boyu also smiled and said to Gu Junhao: "From now on, I will also be the boss."

"That's necessary. From now on, you will be Mr. Shen when you go out." Gu Junhao also teased, and everyone knew it.

After the news of Shen Boyu's equity reward spread in the company, it had a certain stimulating effect on the company's executives and employees.

Since the beginning of this month, Gu Junhao has been making constant moves. Under the stimulation of equity rewards, everyone seems to be full of energy, and their work efficiency should be improved a lot.

Although Junshi Capital has clearly mentioned that there will be an element of employee rewards, judging from the information disclosed by Gu Junhao, this reward method will also be proposed in the future.

Gu Junhao's series of actions naturally attracted the attention of the market, which coincided with today's announcement of Junshi No. [-] results.

However, Junshi No. 59.642, which has always had a very small fluctuation and stable performance, announced its net worth in February, which greatly exceeded market expectations. This month, the overall size of Junshi No. 60 fell to [-] billion yuan, falling below [-] billion yuan.

Compared with January, the scale has decreased by 7.67%, and the net value rate has dropped from 4.597 in January to 4.2693 today. Compared with the net value after ex-rights calculation, the overall profit is only 1.75%.

Junshi No. 7, which is able to keep its profits, has retreated by more than [-]% within a month, which surprised the market. The announcement made at the same time as Junshi No. [-]'s net worth is even more intriguing.

"From now on, due to personal reasons, Mr. Gu Junhao, the responsible fund manager, resigned from the position of Junshi No. [-] manager, and Mr. Wang Ruoyu assumed the position of Junshi No. [-] fund manager, effective immediately."

Although the outside world knows that Gu Junhao has been making constant moves this month, they don't know the specifics. The most guessed is that Junshi Capital will issue a second fund.

Except for Junshi's No. [-] client, the market was very surprised that Gu Junhao's sudden resignation was ignorant.

Even the investment clients of Junshi No. [-] only know that Gu Junhao will step down as the fund manager, but the specific reason is unknown.

"What's the situation? Why did you resign?"

"You don't need to resign when you distribute funds. Who is this Wang Ruoyu, and he is only in his 20s? Junshi Capital's employees are really young."

"There was no news at all before, and Junshi No. [-] fell sharply this month. Is it because Brother T is not optimistic about the market?"

"Damn it, Brother T is going to run away? It feels a little bit wrong."

There was a lot of discussion about this from the outside world, but Junshi Capital and Gu Junhao himself did not specifically respond to this matter, and Gu Junhao, who was extremely busy this month, could not take care of these.

(End of this chapter)