Focus Media's backdoor Qixi Holdings has been approved to return to A shares

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Last week, Wanli shares, which had been suspended for three months, issued a progress announcement stating that the company signed a "Cooperation Framework Agreement" with SouFun Holdings, the company's actual controller Liu Xicheng, IDG Capital and Ruidong Capital on November 13, planning to restructure and acquire SouFun Holdings 'high-quality assets, the underlying assets are valued at no more than 17 billion yuan, and the transaction will constitute a backdoor. Qixi Holdings announced yesterday morning that Focus Media's plan to borrow the backdoor company had been approved by the China Securities Regulatory Commission.

Qixi Holdings announced yesterday morning that Focus Media's plan to borrow the backdoor company had been approved by the China Securities Regulatory Commission. This means that "China Stock Exchange Returns to First Share" Focus Media's Backdoor Qixi Holdings will enter the formal implementation stage. Stimulated by this news, the stock opened higher and went higher yesterday, and was blocked in early trading.

Previously, the company had announced that the M & A Committee had the conditions to approve the company's asset reorganization. This time, Focus Media invested 45.7 billion yuan in backdoor financing, of which the company invested all assets and liabilities with 100% equity of Focus Media.(The evaluation value is 45.871 billion yuan, with a value-added rate of 1,750.19%) The equivalent part will be replaced, and the assets will be set out at a value of 880 million yuan, and the difference will be 1.046 yuan/share, a fixed increase of 3.814 billion shares +4.930 billion yuan in cash payment; At the same time, no less than 11.38 yuan/share, a fixed increase of 439.3673 million shares will not exceed 5 billion yuan. Focus Media has built the largest urban life media network in China and is committed to becoming the leading LBS and O2O media group in China. The counterparty promised to deduct non-net profits from 2015 to 2017 of no less than 2.958 billion yuan, 3.422 billion yuan and 3.923 billion yuan respectively. After the transaction is completed, the actual controller of the listed company will be Jiang Nanchun, founder of Focus Media, who indirectly holds 24.77% of the shares of the listed company and is the largest shareholder.

Since Giant Network's backdoor Century Cruises resumed trading on November 11 this year, its share price has seen 20 consecutive daily limits. It can be regarded as a recent bull stock and has triggered heated discussions in the market. The welcome of A-shares to Chinese stocks has also inspired more Chinese stocks to return. Last week, Wanli shares, which had been suspended for three months, issued a progress announcement stating that the company signed a "Cooperation Framework Agreement" with SouFun Holdings, the company's actual controller Liu Xicheng, IDG Capital and Ruidong Capital on November 13, planning to restructure and acquire SouFun Holdings 'high-quality assets, the underlying assets are valued at no more than 17 billion yuan, and the transaction will constitute a backdoor.

According to statistics, as of the end of November, 34 Chinese-listed companies in the United States have announced the privatization process or have begun to dismantle variable interest entities (VIEs).

The return of Chinese stocks is in full swing, and many institutions are also actively participating in it. Taking 360 as an example, Radio and Television Media recently announced that it has announced that it will indirectly invest in 360's equity by subscribing to the Huarong 360 Special Investment Fund, with an investment amount of no more than 300 million yuan.

In this regard, well-known economist Song Qinghui pointed out,"A considerable part of the privatized Chinese stocks will definitely seek to return to A-shares in the future. If Giant Network and Focus Media can successfully borrow from behind doors, they will form a very good demonstration and leading role."

Editor: vian