Xujiahui next week issue Yu Qiuyu or 2 million Yuan Bo to billions of assets

Yu Qiuyu (BCC) Beijing February 18 News According to the voice of China's "news in the vertical and horizontal" report, after 16 months of long wait, 2009 has been completed will be delayed without the offer of Shanghai Xujiahui Mall Co., Ltd., now finally to issue the listing of the SME.　　Yesterday (17th), Xujiahui completed the request for quotation, the next Wednesday will complete the purchase and payment. In Xujiahui's listed road, the most noteworthy is the tenth-largest shareholder in the famous writer Yu Qiuyu. Once the listing is complete, he will become a wealthy cultural billionaire. is also a celebrity investment in public companies and one-night wealth of the capital story, but also attracted concern and doubt. First, let's find out how the commercial enterprise in Shanghai's prime location hooked up with Yu Qiuyu's name: Yu Qiuyu's investment in Xujiahui began nearly 10 years ago in December 2001. At that time, Xujiahui, the predecessor of Shanghai 600 Industrial Co., Ltd. decided to dissolve the employee's shareholding, and plans to hold the employees of the 24.5% share rights transferred out. According to the prospectus, Yu Qiuyu spent 2.41 million yuan to buy Xujiahui 825,000 shares, the price of 2.92 yuan per share. After the 8 years, after the reform and the previous increase in equity, Yu Qiuyu's shareholding increased to today's 5.186 million shares, taking into account the company's continuous dividend, some estimates, Yu Qiuyu now cost only 0.4 yuan per share.　　And according to Xujiahui 2010 earnings per share of 0.56 yuan, and combined with the current average of 60 times times the price of the SME board, after listing Xujiahui may get more than 33.7 yuan, so Yu Qiuyu's shareholding will also correspond to 175 million yuan of huge assets, is undoubtedly a standard wealth myth. Because of the status of Xujiahui state-owned enterprises, people not only questioned the qualifications of natural shareholders such as Yu Qiuyu, even suspected state-owned assets lost. October 2009, Xujiahui just met, the voice of China special observers, well-known financial commentator Ye Tan on the first question: Neither the executive nor the workers, Yu Qiuyu's investment qualifications?　　In such a core business district Xujiahui, then how can not wait to introduce Yu Qiuyu's only 2 million yuan? To such a question, Yu Qiuyu once in his new book "I Can Not wait" in this explanation, when the manager of Shanghai Baye, asked if Yu Qiuyu may be in their "transformation" of the difficult time to participate in a bit of stock. According to Yu Qiuyu's recollection, the reason why he decided to take a stake was not because the manager said that "many employees are his loyal readers", his shares can "enhance their confidence, stabilize their mood", but "out of a memory", a happened to him on the Baye goods story.　　On the No. 236 page of the book, Yu Qiuyu wrote himself: the old department store once hung a greasy black cotton curtain, a wet college student with ternary money to buy a bag of cotton clothes, in the ice and snow survived. But is this the whole truth of the matter? Also from Yu Qiuyu, there are other informationAbout the history of that age. September 10, 2004, Phoenix TV's "Lu Yu has about" column has done a period of Yu Qiuyu's album, for the Day on the farm, Yu Qiuyu also had a reply. Although more than 6 years later, we have not found the video at that time, but the Chinese Friendship Publishing company published "Wise, Lu Yu," The full text of the current program, in the book's 151 pages, when Lu Yu asked whether Yu Qiuyu finally bought a coat, Yu Qiuyu replied: Yu Qiuyu: Go to the countryside to buy clothes,　　But that day I pocket three yuan, that coat four, I did not buy, and finally used my mother to do my coat to the farm. Such contradictory answers are clearly inconceivable. In fact, Xujiahui restructuring the road of "connections" is not Yu Qiuyu one.　　According to the announcement, as of the date of the prospectus, Xujiahui has 36 Kin and other natural persons to initiate shareholders, and the majority of the shareholders, three are "family": Sun Gengxiang, Yu apricot Juan and Sun Yuting, 3 people total holdings of issuers, about 5% of the total equity. After a year, just yesterday, ye tan in the voice of China reporter Chaihua interview, still insist on their own doubts.　　In her view, regardless of the story of this coat, said that the more than 2 million is Yu Qiuyu unconscious investment, are not in line with the objective reality.　　Reporter: Yu Qiuyu has in his book to you at that time the question has explained that his investment is out of the old Baye goods of gratitude, this can eliminate some of your doubts? Ye Tan: My listing of Xujiahui has not changed so far. We know that natural-person shareholders go into the state-owned assets and, at the same time, go public, at least as executives or real venture capitalists who have contributed to the company. Xujiahui as long as there is some knowledge of the retail industry know his lot about the prospect of asset appreciation and the prospect of dividends in the end? This is quite clear, so it is not a special venture.　　Take Beijing's Wangfujing Street, if the net assets let you buy shares and annual dividends, this thing is called venture capital? Reporter: In fact, executive stock and gift shares, including risk investors in the company before the IPO years of funding, is not nothing new, especially in the gem companies we often see.　　Why do you disagree with the executive shareholding in Xujiahui? Ye Tan: Xujiahui Mall and General, for example, private enterprise listing is not the same, the first of its assets are state-owned assets, the second part of its asset premium is actually seen, because it is in China's largest commercial center of the prime location. It is important, of course, for leaders and executives in the process of asset appreciation, but it is equally important that the business environment of the whole city improves.　　So in how to differentiate between such a business and the general private enterprise Premium, I think we have to make a distinction. Reporter: You mentioned the distribution mechanism of the state-owned asset premium, so now it seems that the surprise shareholding or executive pop, it'sWhere is the harm? Ye Tan: If venture capitalists get a premium, then he can choose a better business, which is good for the market. Many people will go to choose a good enterprise, then we say that some industrialists after the listing of a very honest business, he also has the talent of entrepreneurs, such people will be in the market after the big his business, he hopes to make the enterprise into a century old shop, this is beneficial to the advancement of the whole society. But if it's the opposite, like a surprise stake, he only shares it for six months and a year, or if some people are completely influenced by their own power or celebrity, they give the whole market a mechanism to counter the elimination. Everyone knows that you are not a venture capitalist, when you are not a businessman is the second, the most important thing is that you have an insider's relationship and you have a mouth.