The Road to Rebirth Finance

Chapter 403 The Genes of Industry

Since June 6, all the focus of the market has been on the competition for the equity of Vanke, and a large number of media have rushed to report.

Over the past year, the ups and downs of commercial disputes have attracted the attention of countless people who eat melons. Whether they are stocks or not, they are all paying attention to this commercial dispute.

On June 6, the counterattack from Vanke’s management came.

Vanke's trade union committee sued Baoneng in the local court for harming shareholders' interests.

Immediately afterwards, the independent director of Vanke issued a public document accusing the former largest shareholder of Baoneng for having been in close contact with Baoneng for many times, whether it has been suspected of forming a relationship and acting in concert.

Immediately afterwards, Vanke’s largest natural person shareholder reported in real name to seven ministries and commissions including the China Banking Regulatory Commission, China Insurance Regulatory Commission, and China Securities Regulatory Commission that there was a major interest relationship and a large number of insider transactions between the original largest shareholder and Baoneng.

The management's counterattack against Baoneng and the former largest shareholder, from the legal, public opinion and regulatory authorities, is a three-pronged approach, which can be described as merciless.

After half a year of silence, the contention between the two sides has almost reached the point where the bayonet is red.

It was also on this day that Junshi Capital and Xushen Co., Ltd. signed a capital investment agreement in a low-key manner.

In the past half month, the market has been full of gunpowder, but Gu Junhao and Junshi Capital don't have much time to eat melons.

The two projects in the primary market were carried out at the same time, which greatly increased the workload of relevant employees. Xushen shares completed the fifth capital increase this year today.

Gu Junhao and Junshi Capital were lucky enough to participate in this capital increase. Junshi Capital acquired 4000% of Xushen shares at a price of 1.49 million yuan.

After the capital increase, the registered capital of Xushen Capital was changed from 1.94 million yuan to 3.59 million yuan. Junshi Capital’s shareholding has a certain premium, but it is within a reasonable range.

If Xushen can still succeed in its IPO next year as expected, according to its market value after the lifting of the ban, the investment of 4000 million yuan will earn at least five times the return within one year.

Compared with the previous investors who invested in shares, Gu Junhao's trip is considered to be the last one, and Xu Dong also admitted frankly that after this equity reorganization, there will be no further changes in the equity of Xushen shares.

After that, he will go all out for the IPO. This big brother can be said to have taken special care of Gu Junhao, allowing Junshi Capital to catch the last train of the primary market.

Compared with the previous two investments, Xushen's investment can be said to be for the IPO, and the purpose is very clear. After the investment, Gu Junhao must also play a certain role in the IPO process.

That's what communities of interest are.

The auto parts industry did not receive much attention from the capital market in 2016 due to lack of brand effect. Compared with traditional industries, major institutions are more willing to invest in Internet and other industries that can go public quickly.

In 2016, the Internet industry is still dominated. Dou, Kuai, and the live broadcast industry, and even some Internet small loan companies can be listed, and the real industry will be more popular.

In the primary market, capital is flocking to these companies that can be quickly listed and realized, but they are not interested in the real industry.

Although at this time, all the eyes of the market are focused on the Baowan dispute, but as a fund manager who has become famous in the secondary market, Gu Junhao's opposite behavior has also caused some people's attention.

After an investment company reaches a certain scale, it is inevitable to participate in the investment in the primary market no matter how it is used.

However, in the primary market, Gu Junhao did not choose an industry with short investment time and quick return of funds, but chose this kind of real industry that requires long-term operation, which seems a bit unusual.

Although the current Internet companies have a high premium, this is only for the primary market. Once the company is listed, the profits can completely wipe out these premiums and reach the point of making a lot of money.

According to the current size of Junshi Capital, it only needs to use some leveraged funds to participate in the investment of these Internet companies.

In the end, Gu Junhao was unmoved. In just half a month, he spilled 7000 million yuan in cash, fully expressing his determination to invest in the real industry.

At the same time, Gu Junhao also rarely admitted in an interview with local media that what he wants to do is to feed back the industry with finance, and will invest in more real industries in the future.

Moreover, Gu Junhao has repeatedly emphasized that the ultimate purpose of investing in these industries is not to go public and cash out. When the company is operating well, it will follow the actual controller's operating method and will not interfere with its specific operations.

For Gu Junhao's statement, the investment circle is somewhat disbelieving. There is no cat that doesn't eat fish. No matter what the purpose is, Gu Junhao's investment in the primary market is always a bit weird.

This statement may be more out of face considerations.

Of course, some media also interviewed Gu Junhao, directly asking why Gu Junhao didn't choose to invest in Internet companies with better prospects.

The answer given by Gu Junhao is: "Just like stocks, I never chase hot spots, I just wait for hot spots to chase me."

This kind of answer can be described as very domineering, and the entire investment circle was speechless for a while.

After all, given the performance of the three funds before and after, no one can think of words that can be strongly refuted.

In fact, what Gu Junhao wants to say is that he really doesn't like the Internet industry.

Due to the unique attributes of the Internet industry, it has created a situation where the winner takes all.

This kind of attribute can easily form a monopoly structure, and it is only a small group of people who get huge benefits in the end. In the process, ordinary people even have to pay for their wealth.

The formation of oligarchs is bound to impact other small businesses and entrepreneurs, or further squeeze employees.

On the contrary, in traditional industries, such as Junshi Capital’s main investment in the auto parts sector, no matter how bad the company is, it can also solve the employment problem of some ordinary people.

In Beicang, there are countless such enterprises. A company may have thousands of people, tens of thousands of people, or a few people. These enterprises not only produce specific products, but also generate certain tax revenue for the local area.

It has also solved the employment problem of tens of thousands of families. Although the salary may not be so good, they can always support themselves and even their families.

Countless factories that seem to be very low are actually the hope of thousands of families. Although it is hard work, there is always something to look forward to.

This is the way of life of most ordinary people, not as glamorous as on the Internet.

It is not as good as a thousand flowers blooming together.

No matter what the investment circle and outsiders think, Gu Junhao is more inclined to the real industry, which may be the gene of Yongcheng people.

In this industrial city, although ordinary people, business owners, and entrepreneurs are not against finance and other industries, they hold an inclusive and learning attitude.

But more people, the direction of entrepreneurship is still more industrial, at least it is the case now.

In half a month, the two companies invested 7000 million yuan in cash, and strictly adhered to the bottom line of 10% equity, without interfering with the specific operations of the company.

Gu Junhao's investment in the auto parts company was also communicated to some of its business owners through the local industry association.

With successful role models, there are naturally many followers.

For a while, Junshi Capital was much more lively than before, and some people who were not familiar with Gu Junhao sought investment through proposals.

And those who are familiar with, or have been introduced by acquaintances, visited the door one after another to see if there is an opportunity for cooperation.

As Gu Junhao's old owner, after seeing Xushen's intention to attack the IPO, and Gu Junhao's investment in the form of capital contribution, his ambitions also sprouted again.

It's just that Lao Zhang is still a little troubled at the moment; nothing else, that is, the issue of Deye's equity has not been resolved.

Although Lao Zhang is the actual controller of Deye, the equity is not in his name, but in the name of his mother, who has 100% control of Deye.

And just last year, his mother passed away without a will. Lao Zhang has four brothers and sisters, and he is the youngest one.

Only after these disputes are resolved, can we hope to hit the IPO like Xu Shen did. Although we are greedy now, there is no other better way.

"Hey, I didn't expect this young man to develop so fast."
-
After the completion of the two primary market projects, Gu Junhao didn't have any free time and devoted himself to the work of the fund again.

Since last month, it has been almost two months since I paid much attention to the operation of the fund. This month, Liu Tingting is given full power to handle the daily operation of Junshi Investment.

It's almost the end of the month again, so it's a bit unreasonable not to take a look.

The market in June has experienced ups and downs. Since May 5, after a long line passed 31 points, the start of June has not been very good.

Affected by the daily 60-day line and the pressure of 2950 points, the market performance in the first week of June was very flat, and the Shanghai Composite Index failed to break through 2950 points.

The stock index, unable to break through the pressure level, started the process of bottoming out again on June 6; on that day, the Shanghai Composite Index plummeted 13%, falling below the major moving averages again.

Just like the two big negative lines fell below the moving average on May 5 and May 6 last month, it has been a low-level consolidation for dozens of trading days since then.

However, this time the index repair process is faster than last month, and the rebound is also more violent.

As of June 6, after 28 trading days, several times of sharp rise and fall adjustments, the Shanghai Composite Index once again stood at 11 points and reported 2900 points.

Going around in circles, for two months, the index has been fluctuating around the range of 2800 points to 2900 points, and the market sentiment can be described as extremely boring.

If it hadn’t been for Vanke’s equity competition after the 17th, the A-shares that were covered by the hot real estate market would have even been forgotten for a while.

However, this kind of deep stepping back may have a better effect on the rebound in the second half of the year.

　I can't finish writing, let's publish tomorrow's chapter tomorrow.

　　
　
(End of this chapter)