Business Treasure reluctantly let the control of the network into the Enterprise board

Source: Internet
Author: User
Keywords GEM Network Technology Co. Ltd. holding power net Sheng
⊙ journalist Wu Zhengyi, business Treasure under the service network of the gem of the journey. Yesterday, the business PO issued a notice, the Zhejiang Service Network Technology Co., Ltd. 20% of the equity transfer to the Kun Yuan venture, only 19.62% of the equity.  The company said to reporters, give up the holding power is to serve the network gem listing for the preparation for its landing in 3 years gem. Business Bao's announcement shows that the company intends to hold 20% of the network in the service, to 9 million of the price transfer to Zhejiang Jianghaoquan Yuan Venture Capital Co. Business Bao side to the reporter said, the company originally held a 51% stake in the network, prior to the 10.4% of the equity transfer to the management team in the service network.  After the transfer of the stock right, the ownership structure of the service network into the management team accounted for 60.38%, Kun Yuan, accounted for 20%, business treasure accounted for 19.62%. Data show that the service network was established in 2001, the registered capital of 10 million yuan, including 5 business-to-business apparel website, the core website of China's clothing network is one of the largest apparel E-commerce website. Chen, chairman of the network, is the founder of the Chinese Chemical network with Deliang, and concurrently business Treasure's chairman of the Sea-reading technology. June 2007, the Network Sheng technology investment 10.74 million yuan to buy 51% of the shares of the network, into its major shareholders.  In the past 3 years, the service network performance of the average annual growth rate of about 30%, 2009 years operating income of nearly 20 million yuan. After 2.5 of mergers and acquisitions, the goal of business treasure is clearly not short-term investment. Business Treasure Chairman Deliang Frankly, the sale of the network part of the share is "reluctantly", will take control to the management team is to implement equity incentives to promote the company to do bigger.  It is understood that the Sino-service technology will be officially launched in the recent "Impact Gem Plan", Ready to land in 3 years gem. In fact, as early as April 2009, Business Treasure announced a high-profile launch of the "restructuring plan" of the network, including the introduction of strategic investment, optimize shareholder structure, the implementation of joint-stock reform, the purpose is to do the preparatory work of the IPO.  Industry insiders pointed out that the listed companies holding subsidiaries to apply for the IPO is difficult to be released by the regulatory authorities, business treasure this transfer of control, is to remove the stock market barriers. It is understood that the 20% stake in the service network Kun Yuan to manage the current 1.8 billion yuan funds and 200 million dollar fund, has successfully invested more than 30 Chinese enterprises, to help a number of companies listed overseas.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.