The night of September 7, qihoo 360 will cool after fouling, parties have different opinions, but all focused on reviewing the past, future-oriented enough.
Music video: share price high melting funding to make eggs?
First half of 2015, depending on the network (300104.SZ) in Chinese capital markets stole. Shares from 33.7 in January 5 to May 12, 179.03, 4.5 months or as high as 431%. But as the network but did not directly benefit from soaring prices.
On August 8, 2014, depending on the network of the non-public offering of a stock plan. Five agencies participating in the private placement will contribute 4.5 billion for the 129.5 million new shares. Issue price to 34.76 Yuan, according to benchmark 20 trading days the average price of 90%.
On September 4, 2014, the music video received notification of acceptance of the China Securities Regulatory Commission administrative license application, means non-public offer 4,500,000,001 has entered to the pre-trial stage. Starving music video new, Le sport, music video, music video pictures of cloud computing seems to be with hope.
Due to various reasons, this ultimately did not achieve critical 4.5 billion refinancing.
May 26, 2015, as the network has issued two announcements: non-public offering of a stock plan for 2015 and the controlling shareholders and actual controllers who notice of the reduction plan. Summed up by 7.5 billion, Jia Yue Ting cash lent billions of listed companies.
Increase programmes are: the issue of no more than 200 million shares in the amount of not more than 7.5 billion, the object does not exceed 5, price not less than the average price benchmarks before 20th 90%; program are: Jia Yue Ting selling 148 million shares, the funds companies with 60 months interest-free. May 25, closed at 76.34 Yuan, as the network was finally able to benefit from rising prices!
But one unexpected day!
Due to the a-share plunge regulations halted the holdings and holdings of major shareholders were "stabilizing measures" and a number of listed company's private placement programs are also being pressed down, some market participants forecasting Shanghai stock index return to 5,000 points, as the net be increased to 7.5 billion refinancing of this size could be approved.
Jia Yue Ting had repeatedly pledged equity financing because of the risk of large, costly and was shelved.
Music video: Pacific Century CyberWorks and backward, world
Jia Yue Ting has financing capacity of media recognition. But in the mainland capital market, can count are used, to the point of Justice, depending on the network must be opened from overseas capital markets financing channels.
In a mature, market-oriented capital market, corporate finance, refinancing is not subject to administrative interference, high share prices when bond sold stock, stock prices are low. As long as the Pike place market, with funds. 2014, the company in one or two lines in the United States and raised $ 500 million and $ 1 billion.
Why say there are signs that take cool this shell on September 8, has been explained.
The Hong Kong main board listed company as financing platform, tens of billions of funds obtained, letv will "Pacific Century CyberWorks and backward, the seas!"
Cool: give up the strategic direction of the only hope
On December 9, 2004, China wireless (2369.HK) listed on the Hong Kong main Board (later renamed the Hyundai group). Shareholder Data dreamland holds total capital stock of 56.86%. Final vesting in a large shareholder HSBC (HSBC), in favor of founder Guo Deying family trust scheme.
When Hyundai's main business is for telecom operators (largest customer is China Unicom) provides enhanced coverage and value-added services system programme. 2 b revenue accounts for as much as 99%. When the reorganization is complete, the three operators have allowance for Happy Valley in the form of covers, was cool to catch "trains", boarding has "Chinese" in the other three, namely, ZTE, Huawei, Lenovo. By 2014, cool mobile phone sales reach $ 24.9 billion.
According to data released in China by the Ministry of information and communication Research Institute on January 12, 2015, 2014, China's mobile phone market cumulative shipments of 452 million, down 21.9% than in 2013 to 579 million. Meanwhile, millet represented mobile phone brand rise, and two of the traditional channel (operators and retail outlets) for the shares.
"Cake" and share at the same time smaller, Telecom surge in shipments to fall, at the request of the Commission subsidy cuts year after year, all the heavy reliance of the channel the cool pose serious threats.
September 2014, Hyundai brand according to the channel type is divided into three: cool operator-oriented channel, iVVi channel, the great God who specializes in e-commerce channels. Cool staff divided into three, unwilling to "obey the mobilization" was removed from labor relations. This is a "cool cutting 10%" the origin of the rumor.
Despite some record of God, but cool admits "smartphone sales lower than expected in the second half", and the "great God in the e-commerce channel sales gross margin". The most important question is: in addition to "hog" do mobile phones businesses, there is no other path to create wealth? Big resolution Transition of physical retail channels
Originally, most obviously is the great God in the future of this team, but cool and Zhou set up a joint venture and signed non-competition agreements. In the year 2015, cool party declared that "from May 25 lost control of singularly cool"!
Cool has given up only promising strategies, what to do next?
Cool: would like to take a "train crash"
Before the introduction of music video, cool 38% listed companies owned by shareholder Data dreamland with a market value of less than HK $ 6 billion. Jia Yue Ting to pull depending on the market value of 140 billion yuan.
Hong Kong's stock market is more and more like the a-share market, the increasing prevalence of eye; and much more regulated than city, pine, or even useless. Chinese thin film energy products seen? who visited the thin-film solar power station built? with almost 100% from the associated transactions of "revenue" and "net profits" worth just fried to more than 370 billion Hong Kong dollars. As the network is the first video website, and Super TV, Super cell phone concept, Super cars and Super Bikes such as Super, Jia Yue Ting "flickers" stock Li Hejun less than?
Data dreamland 18% shares sold to TV plus cash of HK $ 2.7 billion, his 20%, such as Zhao Jia Yue Ting to pull the market value to more than 300 billion Hong Kong dollars, riches take the train again.
According to the closing price on September 9, the stock is worth just HK $ 1 billion. If the music depending on the issue (for the acquisition of the new cost-share), Data dreamland's stake was diluted to 5% from 20%, but if the "big dish" up to 300 billion Hong Kong dollars, 5% is HK $ 15 billion. Wealth soared 14 times, earning HK $ 14 billion, was much better than barely barely make phone!
Zhou hongyi: snooker
Say 1000, 10,000, cool God of business into the joint venture with Zhou hongyi company is it? who was the more active does not change this fact. Have no confidence in the fact that cool this project independent business, bigger. If we give up this direction, carrying off thousands of people, was only 1 extra HK share prices also fell to? Zhou hongyi had the misfortune to become buyers!
Cooperation with qihoo 360, cool God the team more than more than 1000 people streaming into a singularly cool. In front of over more than 400 million dollars capital injection, the company carrying total assets, net assets of HK $ 776,000 respectively and HK $ 85! (Did the right, is $ 85)
Zhou hongyi next with 85 Hong Kong dollar net worth of more than 1000 people took out $ 400 million acquisition of equipment, and used as working capital. Figure is established brands, teams and hope that cool in the supply chain and sales channel support, with a view to saving time. If the same as smart phone music player as master of cool, odd 50.5% shares, also to intervene in the supply chain and distribution, even if sheep to cross. # Shopping malls such as war, but be sure to give each other live #
Cool said there had been contact, but Jia Yue Ting "bad health" cooperation was dragged down. The time of Jia Yue Ting, Malaysia, because of his poor health? odd cool could not see music as fate, Jia Yue Ting verge.
Does not rule out cool wanted to introduce Zhou hongyi, but weeks have no interest and no extra money.
Zhou hongyi to violate "no competition" for requiring cool 49.5% cool odd equity could cost 1.485 billion dollars to buy back, and not want to quickly get the money, but cool to be a "snooker": introducing mobile investor can, but further development around my week old obstacles. No wonder cool this fire!
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