Top of the Great Era

Chapter 2223 Backdoor Listing
Zhou Buqi immediately understood what he meant, "Backdoor listing?"

Carl Icahn: "It's the best solution."

This old guy has been used to being an eagle all his life.

Always speculate on the minds of others with the greatest malice.

Ziweixing International is not a listed company, which means that it is a closed company that does not need to be responsible to the public, and even some small and small shareholders do not care.

If it is not listed, it means that it is a black box operation.

There will be all kinds of tricks in it.

For example, Dell is delisting.

Why must it be delisted?
Because the company is delisted, Dell can operate in a black box, and does not need to be responsible to the public. It can quickly promote the company to complete its transformation.

In the previous life, Dell made more than ten times its income in just a few years through delisting and listing operations.

Once Ziweixing International acquires 100% of Yahoo and delists Yahoo...even if it adopts the stock replacement method, and replaces the stocks of Yahoo shareholders in the past with the shares of Ziweixing International, there are still many problems. Large uncontrollable risks.

The company is not listed.

This means that many unconventional means can be used.

Yahoo's capital institutions headed by Carl Icahn will be embarrassed if they hold the shares of Ziweixing International.In case the big boss Zhou is cruel, he can squeeze out the stocks in the hands of these managers.

For example, launch an "employee incentive plan".

The company targeted to expand 10 billion shares, and every employee can buy the company's stock at a price of $1 per share, but the management cannot buy it.As a result, the company's total share capital has doubled, the share of the stock in the hands of the capital has shrunk by half, and all the wealth has gone to the entrepreneurial team and employees.

Capital will suffer heavy losses.

If it is a listed company, it is different.

The significance of a listed company is to cancel black-box operations, be open and transparent to the whole society, and be responsible not only to all shareholders, but also to the whole society.

Some decisions, even if they are in the interests of all shareholders, are not in the interests of the society, that is not acceptable!
Such as Yahoo's current CEO Thompson.

His ability is outstanding.

After a few months, I have done a very good job in Yahoo, and the report card is excellent!

In other words, having him as CEO would be in the interest of all Yahoo shareholders.

But once the news about his fraudulent academic qualifications is announced, this will not work.

Even though he is outstandingly talented, letting him continue to serve as Yahoo's CEO would be in line with the shareholders' reasons, but after all, he is suspected of breaking the law and violating social morality by falsifying his academic qualifications, which damages the interests of the public and society.

He must step down.

In China, the gap between listed companies and non-listed companies is actually not too big, because even listed companies cannot or are not allowed to disclose a lot of information.

This is not the case in the United States. The logic of listed companies and non-listed companies is completely different.

As a capitalized society, even if many large companies in the United States are very profitable, even if they involve military industry, aerospace, and nuclear energy, even if they don't need listing financing... the government will urge such companies to go public.

After being listed, it will become a socialized company, which can be supervised by the whole people, and it will be difficult to conduct black-box operations.

That's why, in Yahoo's case, Carl Icahn insisted on staying public.

He can feel at ease only if it is a listed company.

This young man is the richest man in the world at a young age, and he is not an ordinary good guy. You can't have 100% trust in him. The most important thing is to take good self-defense and protect your own interests.

Zhou Buqi has no intention of cheating Carl Icahn at all, at least he will not cheat him by showing his popularity with a knife. The old man's worries are actually completely unnecessary. "Ziweixing International has no plans to go public for the time being."

Carl Icahn shook his head, "Then it may be difficult to push this matter forward. I finally found an opportunity to get rid of Yahoo, and it is impossible to fall into another trap."

Zhou Buqi laughed and said, "Ziweixing International is not a trap!"

Carl Icahn said indifferently: "If it is not listed, the stock has no meaning. I can't explain it to my investors."

Zhou Buqi didn't believe this reason, and was still fighting, "According to our established plan, Ziwei Star International will be listed in two years."

"really?"

Carl Icahn smiled.

Zhou Buqi felt very helpless, "It's true!"

Carl Icahn: "I'm not interested in long-term investing."

"All right!"

Zhou Buqi accepted his statement, which is indeed the logic of his investment.

Carl Icahn said with a smile: "How good it is to go public through the back door, and it is also in your interest, the cost can be lower, and the stock of the capital and entrepreneurial team has been replaced, and those retail investors don't have to care."

Zhou Buqi glanced at him, "That's the only way?"

Carl Icahn said firmly: "That's the only way! It's not what I mean, it's what we all mean... You know who I'm talking about."

"Ah."

Zhou Buqi nodded.

Inside Yahoo, Carl Icahn is the mainstay of the capitalist faction. In 08, he joined Yahoo's board of directors, but he withdrew after not working for Yang Zhiyuan.

But he is not a good stubble.

He's out, and his buddies are in even more.

Originally, within Yahoo, the entrepreneurial team firmly held the initiative; he worked behind the scenes for a few years, and the situation was completely reversed, and Yang Zhiyuan was out.

If Zhou Buqi hadn't seized the opportunity to jump out to "pick peaches", the entrepreneurial team headed by Yang Zhiyuan would have been out of the game along with CEO Thompson who forged his degree.

This was the case with Yahoo in the previous life.

Although there have been some changes, the entrepreneurial teams also put forward some conditions before they were eliminated, and the management agreed to them in order to completely eliminate them.

But within a few years, the employers had had enough.

After splitting up Yahoo's assets and starting to sell them one after another, Carl Icahn's big plan finally succeeded, completing the dismemberment of a generation of Internet giant Yahoo.

Carl Icahn said with a smile: "If you want to implement your plan, you need not only the consent of the management, but also Yang Zhiyuan and the others. Not only will we agree to the backdoor listing plan, but it can also get their approval as quickly as possible. "

Zhou Buqi was relatively indifferent to this, "Yang Zhiyuan is an independent director of Ziwei Star International, and we have a good relationship. I have a hundred ways to convince him."

Carl Icahn said: "But this is the best way! I have fought against Yang Zhiyuan for many years, and I know this man very well. He doesn't care about money, what he cares about is personal fame, and he doesn't want to bear the reputation of selling his sons and daughters. His dignity is more important than anything else. If Ziweixing International bought 100% of Yahoo, wouldn’t it still be a sale? This is no different from the thinking of many capital institutions in the past few years.”

Zhou Buqi was silent.

Carl Icahn smiled, "If you go public through a back door, it will be different... If you only look at the results, you can even give Yang Zhiyuan the greatest dignity. You get benefits and power, and he gets dignity and decency."

Zhou Buqi immediately understood what he meant.

This is a common routine in capital operations.

The so-called backdoor listing means that after Ziweixing International bought Yahoo, it injected all its own assets into Yahoo, and then completed the listing of Ziweixing International in a disguised form.

Like IPO listing, backdoor listing is also a common listing idea.

The number of large A-share listed companies ranks first in the world.

Many rubbish companies actually have no assets at all, and only rely on the operation of related parties to complete the listing.

After going public, they just sit on the sidelines.

Some companies are doing very well, but they really can't get approval for listing. It doesn't matter if there are no channels... At this time, you can buy shells from those related parties.

Spend hundreds of millions of billions to buy the empty shell of other people's listed companies, inject the assets of your own company into it, and complete the listing.

However, this is all a dirty trick.

What Carl Icahn was talking about was the real heavyweight capital operation, and he had a lot to say in the process of backdoor listing.

Ziweixing International completed its listing by merging with Yahoo.

Then the problem is coming.

In this merger process, who bought whom?

If Ziweixing International bought Yahoo, the transaction would be more difficult. For Yang Zhiyuan's founding team, it would be a shame to sell their sons and daughters.

It would be great if Yahoo bought Ziweixing International.

The founding team headed by Yang Zhiyuan will reap great honors.

Of course, after the merger of the two parties, the decision-making power must still fall in the hands of the Ziwei Star International team headed by Zhou Buqi... But it doesn't matter, Yang Zhiyuan and the others have gained a good reputation.

If Zhou Buqi is willing to let go of his arrogance, give Yang Zhiyuan a face, and is willing to admit that Yahoo bought Ziweixing International, then it will be too easy to promote this transaction.

All differences are resolved.

Carl Icahn also hoped that this matter could be resolved quickly, so he made a suggestion, "If I had to choose, I would definitely focus on getting benefits. Give face to others, and earn the most benefits for yourself. There is nothing better than this." A better deal?"

Zhou Buqi smiled, "Carl, your language is really penetrating!"

Carl Icahn laughed. "How?"

Zhou Buqi did not respond immediately, "Wait for my news!"

Carl Icahn smiled and said, "Okay."

Zhou Buqi said: "By the way, let's go to the theater tonight, the cultural treasure of our country, you must come and experience it!"

……

In the evening, you can go to the theater.

Zhou Buqi was looking forward to it.

It's a pity that the child was still young, and Ning Yameng was really worried that she would leave it to the foreigner's nanny, so she stayed at home.

Zhou Buqi had Ning Lu by his side, as well as Li Xinwan and Jiang Bingjie, and called Carl Icahn, Don Mattrick and others, and went to the Empire Theater together.

Ho!
Crowds of people!

(End of this chapter)