Yesterday the hkex information display, the fire currency group chairman li Lin bought Hong Kong main board listed company tung into holding 73.73% stake in making fire currency group tung into holding actual controllers, at this point, fire currency was a big step towards traditional capital markets and,
, according to hkex disclosure yi tong Hong Kong main board listed company into holding large shareholders respectively this currency capital, chairman of the group chairman li Lin and fission TengRongSong to transfer the equity of 73.73% and 6.8%, after the completion of the transfer of currency group became tung into holding the actual fire control,
Long hui said, fire currency group is a digital asset financial service, the acquisition is in the first half of this year the fission capital joint Yao Yongjie after acquisition of male shore technology group, the second joint of domestic chain giant acquisition of Hong Kong main board listed company transformation the block chain services,
Tung into holding company headquartered in Hong Kong, the company in 2016, main board listing in Hong Kong on November 21st, stock code 01611, the company's main subsidiary product top industrial co., LTD is mainly engaged in electronic power supply of the relevant business, such as LED and optical products,
According to the Hong Kong stock exchange disclosed, according to data for the deal actual time on August 21, 2018, group chairman li Lin fire currency buys stock quantity of 221781668 (about 222 million shares), fission capital chairman teng RongSong number of shares purchased 20447399 shares (about 20.45 million shares),
In addition, the fire currency more of its company name appeared in the disclosure page, including Huobi Capital, Inc., Huobi Global Limited, Huobi Universal Inc., etc.,
Both clinch a deal the price to hk $2.72, according to calculations, li Lin the acquisition cost hk $603 million (about 524 million yuan), teng RongSong cost hk $55.617 million (about 48.242 million yuan),
Before the acquisition, tung into holding the largest shareholder Xu Naicheng, chairman of the board of directors for the company, holding 71.98%, but after the acquisition, Xu Naicheng shareholding proportion was only 0.29%, spring Onions to infer, li Lin bought Xu Naicheng shares the acquisition mainly,
And sign the offer in a few days ago already, on August 22, tung into holdings (01611) announcement, the company will 22 at 9 am on the stock exchange of Hong Kong co., LTD., main board short, were suspended for publishing according to the rules of Hong Kong company acquisition and merger rules of 26 May offer announcement is put forward, and inside information is the nature of the announcement,
In front of the suspension, tung into holding shares closed at hk $3.08, if the company's total share capital of 301 million, its total market value of about 926 million Hong Kong dollars,
Tung into holding share prices continue to rise since May 16, all the way up to hk $1.14 from hk $3.27 highs, less than three months go up achieve 187% cumulative, suspended the day before, tung into holding daily closed up 7.69%,
How far is fire COINS from complete backdoor listings
The deal of rare block chain enterprises stake in listed companies, fire COINS as famous block chain enterprise, this time "eat crabs" has received the widespread attention, amid speculation the fire currency whether there will be further action, such as by shell companies "curve",
Backdoor listing is a private company in addition to the initial public offering (IPO) outside of the alternative methods listed, can to a certain extent, to avoid the strict procedures and capricious IPO market timing, and can shorten the listing process, do not need to face the pressure of underwriting, network data shows, despite a shell standard with the IPO has been gradually convergence, but in practice, a shell success rate is often higher than the IPO,
Mainland enterprises to Hong Kong to backdoor listing of the entire process includes selected a shell company, main links such as the trading control change and assets reorganization, mainland Chinese companies only in the actual control of listed companies, asset injection, in order to be successful completion of the backdoor listing, obtain public platform of the financing channels,
"Backdoor listing in Hong Kong market" is referred to as "reverse takeover", according to the Hong Kong stock exchange listing rules ", when listed companies 24 months of the change of control, control of people to the cumulative ratio of injection of assets of listed companies, the price ratio, earnings ratio, yield ratio, and any equity ratio index is higher than 100%, will be regarded as a reverse takeover, by the size of the IPO application for examination and approval, at the same time, the stock exchange of Hong Kong reserves the discretion,
To spring Onions, stock analysts, according to the interpretation of the listed company cash is not pure survival, if a shell company before selling shell has spun off the original business, and then to transfer control, 2 years can't inject material assets, such as the above rules, otherwise need to be carried out in accordance with the standard of IPO application, but this 2 years, if cash assets such as cash and listed companies, there is no other business, the listed companies can't survive, if a shell company there are still some other business in the takeover, and the business was acquired, along with all the so the question is not big,
If a fire currency asset injection or unfinished after the hkex is not approved, the fire COINS can be considered Hong Kong the major shareholders of listed companies, is similar to the "shell" Lord,
Earlier, on the evening of July 26 chain have been "poking fun at the conference," Li Linzeng as "fire money whether the backdoor listing," it said, "this is just a rumor," he said, the fire currency core asset is exchange business, but the exchange business worldwide now is still not fully compliance, backdoor listings so there is a big difficulty, from the operation but he also said that the fire currency does not rule out in the traditional capital market,