Behind The Scenes Of Underground Financing: Who Is The Most Popular Internet Co?

Want to be the shareholder of China's richest person?

We have the opportunity to invest at the same time.

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and

The premise is that you have at least one hand.

Ten thousand dollars.

month

On the evening of the evening,

A Asset Management Co employee sent Wanda Commercial and ant gold service financing documents, and urged us to participate in investment on the phone. The two companies are very eager to get rid of it.

For high income earners who invest in China for a long time, this scenario may not be strange.

Iqiyi, ant gold clothing, dripping trip, Jingdong finance, music as a vehicle, music as sports, a large number or will be listed Internet Co, began to appear in the primary market retail investors' vision.

Of course, such a paction can not be carried out under the spotlight. In fact, the SFC is strengthening the investigation and supervision of such investment behavior, while the ants such as ants, Iqiyi and other projects have repeatedly denied official involvement in retail financing.

At the end of the month, the Shenzhen Stock Exchange

Stock related mergers and acquisitions, asking for inquiries, requiring Wanda film and Yongle Film two disclosure of shareholders through the disclosure of shareholders, through the calculation, if the total number of pactions if the number of more than

The time when a partner obtains the assets of the paction target and the partner's right to obtain the partnership shall not exceed six months before the suspension of the paction.

Name and other related provisions

If it is not within six months before the suspension, whether the supplementary disclosure is in line with the guidelines for the supervision of the unlisted public companies

Number of shareholders exceeds

Guidelines for the examination of issues related to the application of administrative license for unlisted Limited by Share Ltd and other relevant provisions.

It is understood that this is the first time the exchange for backdoor, mergers and acquisitions tracked

Restrictions on shareholders.

What is the risk of retail market in primary market?

Founder of Huaxing capital

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I think, first of all, the characteristics of the primary market are not suitable for retail investors. There is no liquidity and no risk release process. Retail investors may lose their money.

Secondly, there are many scams in venture capital market because there is no disclosure mechanism for retail investors.

Once the project fails, the situation is even worse. Venture capital is likely to be several years from investment to project failure. Investment institutions can be completely closed until the company closes or does not inform investors of retail investors.

Bao Fan said.

But this does not stop the enthusiasm of retail investors.

The stock market has been in turmoil for nearly a year, and there is a shortage of high-quality investment assets.

Even several times before the temptation of high-yield, the ultimate choice of private equity fund investment opportunities.

month

On Sunday, it contacted a Asset Management Co in Shanghai, which provided us with an equity financing document including Iqiyi, ant gold clothing, drop trip, Jingdong finance, music vision car and sports vision sports.

It is not difficult to read the documents carefully, and almost all the fund-raising is very good for the project itself, and the common point is to promise high investment returns to the retail investors.

The ant gold clothing financing document shows the investment ant gold suit

The shareholders of a state owned enterprise of the wheel have the intention to pfer their shares to a special fund which wants to accept the gold clothing of the ant. The fund will separate the shares into a number of ordinary retail investors.

Ten thousand yuan will be able to participate in investment and indirectly become shareholders of ants.

In the column of revenue, the paper points out that if the investment period is two years, the ant gold clothing is expected to be realized within two years.

The annual profit is

times

Calculation, ant gold clothing valuation is expected to achieve

Billion yuan to

Billion yuan.

If investment

Million, principal and interest income is expected to reach

Ten thousand yuan to

000 yuan, the rate of return is as high as

The average annual interest rate is as high as

。

If the investment period is three or four years, the average annual interest rate is expected to reach as high as

。

This document shows that ants are dressed in gold.

Sword means trillion.

In the year, the market value of ant clothing is expected to reach.

Trillion yuan.

The financing document of Wanda business did not clearly indicate how much annual revenue can be achieved, but it affirmed Wanda's business from the beginning to the end in the form of numerous data.

A Iqiyi equity investment paper shows that the compound annual growth rate of Iqiyi investment is also astonishing: the conservative estimate is up to

Optimistic estimate is reachable.

。

And a drop out of the equity financing document is even more tempting. The document claims investment drops.

Valuation up to

Millions of dollars, once it is invested.

You can get it later.

Return.

Not only is the share of unlisted companies and Hong Kong stock companies split, but the share of privatization of shares is also treated the same way.

Linked to a number of institutions that raise funds to retail investors, they said they still have shares in bona film, but also from the privatization of Qihoo.

At present, there is no share.

A staff member in Shanghai said you were late.

The share is now over, a few months ago.

A social associate.

The Fund staff who voluntarily sought to sell Bona film equity made a guarantee of Bobby's market value.

Billion is no problem. You are on the valuation now.

Billions of dollars in return can turn four or five times, because Boehner's rival Huayi Brothers and light media market capitalization.

About 100 million.

Bonner's current valuation is

Billion, in my hands

There is only one point left in the valuation of 100 million shares. If we want to invest, we must hurry up.

According to her description, Bona film's fundraising time will be

At the end of the month.

After showing no interest in bona film, she began to sell her Wanda business equity investment and promised to keep the lowest price.

Annualized interest, if it can not be listed, Wang Jianlin will buy it back, but Boehner is relatively more risky, because there is no repurchase.

In recent years, music market, which relies heavily on Jia Yueting's mortgage financing in the capital market, has also promised to give investors high return on investment.

A financing material showed that the annual interest rate of convertible convertible bonds was as follows:

It is guaranteed by Jia Yueting, the actual controller of the motor vehicle company.

Music sports also has such a commitment.

In the agreement between sports and investors, the company promised that

year

month

We have not yet completed the independent listing, and will discuss with shareholders the possibility of listing as soon as possible through including, but not limited to, backdoor schemes.

If this goal is not achieved, the total share price of a major shareholder in acquiring a company held by an investor should be the sum of two amounts:

All investment paid by the investor to the company.

as well as

The total amount of investment paid by the investor to the company is twelve percent per year.

The single profit rate calculated to determine the minimum return.

Repurchase price

。

Behind the promise of high yield is the familiar operation of private funds or Asset Management Co, and the complicated paction processes that are linked by layers.

The staff of a Asset Management Co in Beijing mentioned at the beginning of this article did not know the similarities and differences of the above two projects after issuing the fund-raising documents for Wanda business and ant gold clothing.

Half an hour later, when the phone was temporarily hung up, the staff again called, claiming that the ant gold suit and Wanda Commercial starting investment amount were all

Ten thousand yuan

But the documents he gave me before me clearly indicated that the amount of investment from Wanda business was

Ten thousand yuan

。

The two projects can be pferred through equity or realized in the company.

When the company withdraws, Wanda business needs a more exiting way, that is, Wanda Group can also withdraw from its buyback.

After expressing his intention to invest in Wanda business, the staff introduced me to a senior manager of a contractual fund, who was responsible for the docking of the funds.

In fact, neither the ant suit nor Wanda should be aware of the fact that their shares have been sold.

The senior executive said that because of the low share of the state-owned shareholders of ant gold clothing, ant gold clothing probably would not know the ultimate source of the shareholder's capital, and Wanda's business investment process is complex. Wanda Group executives want to know that there are three or four levels of investigation among retail investors.

It is understood that Wanda commercial investment process is as follows: retail investors to subscribe for a contractual fund contract fund.

Limited partners

A fund manager who participates in a limited partnership limited partnership will pfer funds to cross-border agencies and then invest in Wanda funds with funds, accounts or other channels to invest in Wanda business.

Stock circulation shares.

In order to assure investors that their capital flows to Wanda business, intermediaries have introduced commercial banks or securities companies to fund custody for two times to ensure that funds can only be used in a predetermined direction.

After a brief introduction, the executives offered me a contract to invest in Wanda business.

The contract shows that the fund will be purchased by Wanda business through a limited partnership in Beijing.

Stock Code:

The way of circulating shares is involved in the privatization of Wanda business and regress.

Shares are passed after privatization.

Stock market, mergers and acquisitions, corporate dividends and other ways to achieve exit.

When investment funds are idle, they can invest in bank deposits, money market funds, bonds and fixed income banking products, and securities dealers.

The risk hint in the contract is clearly marked as high risk and the risk is borne by the investors themselves.

In fact, the managers of these funds themselves are not involved in Wanda business investment, but are attracted by retail investors, and then make profits by collecting management fees.

Wanda commercial investment contract, the fund one-time charge.

The management fee, custodian fee and outsourcing service fee of the year shall be refunded if the fund is terminated in advance, and the management fees, custodian fees and outsourcing services fees already collected are not refunded.

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The problem is that retail investors have limited knowledge of the actual situation of specific projects, reliable expected investment returns and subsequent progress of projects. All investment judgments are based on high investment returns and blind trust in investment targets.

As a link between retail investors and investment targets, the information given by private equity funds and Asset Management Co is not entirely reliable.

Comparing the equity financing documents obtained by different retail investors, such as LETV, Iqiyi and dripping, it is found that the contents of different funds are inconsistent or even contradictory to the same investment target.

For music as a vehicle fundraising, a fund called music as the car will be

On the other hand, the other executives of the fund are very sure that the car will be in the market.

Year or

It was listed in the US at the beginning of the year.

And in an ant suit.

In the analysis report of the round of financing, when explaining the stock of the ants, the list of shareholders and the details of the shares directly quoted a research report which had been released by Tencent technology a year ago and did not make any updates.

A company tried to split Iqiyi's shares to retail investors. It directly named the document as Iqiyi's management buyout project plan, and attempted to raise funds in the name of Iqiyi.

Stock backdoor listing.

Another agency named the same document Iqiyi fund product manual, also sold in semi public occasions, and also claimed that Iqiyi will be in the market.

Stock backdoor listing.

But in fact, Iqiyi is still losing money.

Audit standards are not implemented continuously.

On the basis of annual profits, Iqiyi is unable to achieve backdoor listing.

Very soon, the third Iqiyi equity investment documents obtained from another channel once again negated the former two. This document shows that Iqiyi can log on to the motherboard through mergers and acquisitions or other ways, and can also spin off the profit portion to log on to the motherboard or the gem separately. If the above two roads are not workable, the retail investors can withdraw through share pfer or repurchase.

It is understood that some institutions in order to raise the corresponding funds as soon as possible, for no

000 yuan idle funds for retail investors, has begun to lower the threshold.

A Asset Management Co assistant to the president said if not

Wan, it's best to find friends and relatives around.

Ten thousand more investment, then in the name of one of them in behalf of the holding.

And if there is no

Ten thousand, that's more than

Wan Yi Xing, her company can help introduce another one is also idle funds.

Ten thousand people, two people discuss who holds on behalf of, but she stressed at the same time, this kind of practice is easy to produce disputes, the company generally will not consider.

Later, when the reporter said he had his own hand.

When the idle funds can be used for investment, the assistant president says she can invest.

Wan Qi Qi

After 10000 investment, and then acting on behalf.

And some high net worth investors exchange social groups, there are also some people just need to play.

Wan or

Ten thousand can invest in the banner of private equity raising.

In fact, regulators want to be a qualified investor if they want to take part in private equity investment.

The so-called qualified investors mean that they have the corresponding risk identification ability and risk bearing ability, and the amount of investment in single private equity fund is no less than that.

Units and individuals who meet the following standards: no less than net assets.

Ten thousand yuan unit

Personal financial assets no less than

Ten thousand yuan or recent

Annual average annual income is no less than

Ten thousand yuan.

Thus, the situation of raising funds to retail investors has been clearly violating.

This year

month

On the same day, the SFC has been concerned about similar risks.

On the same day, the SFC published an article in the official website, which indicated that there were illegal or open issues such as open or covert publicity, breaking the standards of qualified investors and illegal fund-raising, which seriously violated the legitimate rights and interests of investors.

Therefore, the SFC will organize special activities to protect private equity investors' rights and interests.

In the process, in fact, the funds of retail investors are facing too much uncertainty.

If investors do give money to a formal institution, the risk is the risk of the investment company itself. For example, if Iqiyi is unable to go public at the appointed time, Boehner pictures can not achieve the corresponding valuation, or if the major shareholders of the auto industry fail to repay, the investors may face no return.

But at the same time, the agencies that are connected with retail investors are likely to come in to win money, and when the funds arrive, the other party will evaporate.

One person

The industry said that if the share of these enterprises is sold to institutions with professional judgement, there is no problem.

But many retail investors do not have the ability to identify and judge risks. If the purpose of some organizations is to make money, they will be robbed of millions of dollars. This is more than cheating.

Website is also terrible.

After the exposure of the financing documents related to retail investors, ants, gold, Iqiyi and dripping travel were denied and rumor at the first time, and Wanda business also said they knew nothing about it.

Ant gold clothing said that the content of the document is serious and false. It is a fraud. Please do not trust the majority of investors.

Iqiyi also said that the report cited the so-called Iqiyi management buyout project plan is the content of some institutions for Iqiyi in the name of selling financial products fabricated false information, Iqiyi will be prosecuted through legal means.

Dripping trip also responded that the documents were full of mistakes, making obvious signs, not all the company.

Nor does it authorize any institution or individual to finance the public in the name of investment.

Many executives said that the company introduced a few or even more than a dozen individual shareholders sometimes. However, if one of the shareholders indirectly introduced hundreds of individual shareholders to the company, it would be hard for them to say they knew nothing about it.

Take the document Wanda Commercial privatization project as an example, the scale of the fund raising is

Million yuan, if the fund finally indirectly introduced hundreds of individual shareholders, Wanda business is hard to say that they do not know.

Music as the official has also claimed that the retail financing will be found one case of cancellation, but in the previous investigation, the staff hired by music consultant, Huatai Securities, directly recommended us to a Asset Management Co, claiming that the company could indirectly invest in music as a vehicle.

Some analysts claimed that music did not take the initiative to do more research on the background of investors. Music, as mobile, sports and other projects completed the disclosure of information at the time of financing, each time only disclosed several well-known institutional shareholders, while indirect funds introduced to many retail shareholders were not disclosed.

A fund industry pointed out that at present, some enterprises on the market did not know that their shares were split to the retail investors by the fund, so they were severely denial after being exposed by the media.

However, some enterprises know and acquiesce. Until they are exposed, they have to make a statement denying that if the official recognizes the matter, it is equivalent to admit that they have violated the rules.

These enterprises are essentially short of money, so long as money is in place, they do not want to ask where money comes from, especially for enterprises that are in urgent need of capital.

The fund practitioners said.

For those retail investors who choose to invest in the primary market, are they expecting high returns or unknown risks?