129822627311093750_46Sequoia Capital injection Noah wealth profit 36 times to exit down 3 years and wheat research on forest
Summary, Sequoia Capital injection of Noah wealth 3 year profit 36 times, with an average annual return on book multiples at an impressive 12 times. Second, Sequoia Capital, access to wheat study of forest control, packaging it into e-commerce "domestic B2C the first shares" exit after listing down wheat study of forest. Third, Sequoia Capital to gamble "squeeze" flying crane. Four, PE on legalizing gambling agreement toPeople's concern. Sequoia Capital, a great reputation in the industry, has always been considered the eyes unique injected Noah wealth profit 3 years 36 times, many peers as well. However, get control of the company and listed on the packaging it is quit, was troubled by companies through betting against yourself in a good position, companies are forced to "Brokeback self-help" sth Sequoia CapitalSpurned by all this is known. Injection of Noah Fortune 3 year profit 36 times, November 10, 2010, independent wealth wealth manager Noah landed United States New York Stock Exchange, which was first listed on the New York Stock Exchange domestic independent wealth managers. According to the statistical data of the organizations concerned, Sequoia Capital is the biggest Noah wealth was listed on the winner, only for 3 years from the publicDivision made a profit of more than 36 times book returns, annual book multiple return at an impressive 12 times. It is understood that in October 2007
Diablo 3 Gold, Sequoia Capital to Noah wealth injected $ 5 million. Sequoia Capital in February this year to the SEC (United States Securities and Exchange Commission) submitted documents show that as of December 31, 2011 institutional investor Sequoia Capital ChinaNoah wealth stock 5.9 million shares, Noah 21.1% of the total equity of wealth. By Noah wealth issue price $ 12 count, Sequoia Capital injection was 36.31 times times book of Noah wealth in return. According to relevant information, Noah wealth management center was established in August 2003, by domestic financial institutions restructuring at Headquarters, was the first "independentFinancial planning agencies ", for private, family-focused and private-sector customers provide personal financial services, main features include, family asset-liability scheme, family financial investment, tax, real estate investment advisory and other services, currently has offices in Shanghai, Beijing, Guangzhou, and other domestic cities to establish branch offices in Wenzhou. "At present, China's private finance market is still in theThe initial stage, regardless of industry and consumers, its maturity cannot be compared with Western developed countries. Great opportunities in China's financial markets, contributed to Noah wealth by more than 80 times times super high earnings release, Sequoia Capital gain higher return on book. "Industry experts pointed out. Apart from Noah wealth, Sequoia Capital stake in domestic companies listed and has been to the United States also has high morals softParts, wheat and study on forest, rural base, Lee international, Sequoia Capital-related projects have received good book return on investment. Quit with packaging listing is down wheat study of forest in the United States NASDAQ domestic e-commerce unit of study of wheat forest, announced on May 21, the Board authorized the company to buy back $ 10 million ADS shares. Message stimulated shares rose 16%,But weak stock prices on the attack, eventually gained only 4.65% on the day, closed at $ 0.90 in the danger zone of less than US $ 1. In accordance with NASDAQ rules, if a company's shares less than US $ 1 for 30 consecutive days, NASDAQ will warn about this company. If the company's stock could not be maintained for 10 days at more than US $ 1, It will be de-listed, banished to the OTC Bulletin Board or pink in the market the counter market. Data shows that on October 26, 2010, the study of wheat was packed into the forest of e-commerce "domestic B2C the first shares" listed on NASDAQ, financing amounting to US $ 113 million. But shortly after the listing, the company was charged with reporting false, wrong information disclosure, United StatesDivision chain action
Diablo 3 gold, shares plummet. In addition, poor earnings (net loss of us $ 4.2 million in the first quarter, 2011, five consecutive quarterly loss the company), wheat and take the forest share price decline in a row, fell to $ 0.62. Struggled up, but are still in the danger zone of less than US $ 1, most likely were ordered to withdraw. According to industryAnalysis, occurs because of this scene is mainly maikaolin of Sequoia Capital and was introduced after its master control, in accordance with the capital of will do a sharp correction, and is packaged as "China's first e-commerce unit" in the United States listed on the NASDAQ, but tend not to market for capital-led enterprise development needs, are often forced to listed, if it's not listed, PE, foreignCapital inputs are not successfully quit. According to relevant information, in February 2008, Sequoia with $ 80 million acquisition of Warburg group and other shares held by minority shareholders. In the study of the Wheat Board in the forest, represented by Neil Shen, Sequoia Capital in total equity of up to 75.9%. And continued after the listing, in wheat research on forest after the listing of the first month, Mr study of forest original unitEast of cash than the US $ 129 million. "When companies in need of capital development, PE is an Angel, when PE has led corporate operations, PE is often a nightmare for enterprise development. In the study of wheat in Lin's case, Neil Shen represents Sequoia Capital depth involved, even per cent of the issued share capital of three-fourths, capital of the impulse blend in with the business owners of listedCapital increase deeds of mind more different. "Members of the investment community in an interview with the investment news reporters pointed out. By betting against the "squeeze" flying crane on May 21, the NASDAQ rose 2.46%, most Chinese stocks also recorded very good gains, but dairy is the inverse of flying crane 17.82%, tumbling, and closing at $ 4.98, as whenWorst performing stocks in China. Previously, Sequoia Capital, flying crane dairy has been to encroach, and were made almost "pieces". Data show that in August 2009, the flying crane announced price of $ 30/share, Sequoia Capital private placement, to 2.1 million common shares, raising $ 63 million, Sequoia Capital, you get the flying cranes for a total of 10.5% shares. ButIs Sequoia Capital is conditional. Bet in accordance with flying cranes and Redwood article I of the agreement: "flying crane dairy industry in 2009 to 2010 earnings per share if you do not complete the intended target (2009 income reached US $ 3/unit, per cent in 2010 dollars/share), Sequoia Capital, to the issuance of not more than 525,000 shares again. "BrokersResearcher in the food and beverage industry to receive investment news reporters pointed out in an interview, flying cranes after the introduction of Sequoia Capital, and isn't expected to have good, due to the expanding too fast, there is a vulnerability management, and fierce competition in the dairy industry, coupled with the lack of consumer confidence in the domestic milk, home-made milk industry development, scenes of flying crane appeared in retreat. Flying cranes reported, 2009 years ago, third-quarter earnings per share to $ 2.62, but fourth-quarter revenues of only US $ 43.95 million, down 44.79%, 39% fell, losses up to us $ 26.98 million, earnings per share of $ 1.42, earnings per share for the year just $ 1.2 trillion. Due to the flying cranes in the first round with Sequoia Capital "bet" failed, flying cranes to redFIR 525,000 shares of additional capital, Sequoia Capital holds a flying crane dairy shares increased to 13%. Reporters learned that flying cranes and Redwood to bet on article II of the agreement is, from the implementation of financing agreements in 15 days after the third year, if flying crane shares of dairy industry average closing price below $ 39 per share, Sequoia Capital will be entitled to require the flying crane dairy sharesAll redemption. But no, Sequoia Capital stake soon flying crane shares appeared "diving". At the end of December 2009 after dipped below US $ 25 study under way, and analysis to about $ 3. So in this round of betting, flying cranes failed again. Flying cranes and Sequoia Capital after a failed bet, urgent need for large amounts of money for stock buybacks and spend flying craneOnly sold assets to deal with. On August 1, 2011, the flying crane announcement said, the company had sold at the Heilongjiang flying crane (Gansu) international demonstration farms in Europe and America and flying crane (Kedong) international demonstration farms in Europe and America, price is about us $ 131.8 million, including US $ 17.8 million in cash and 6 quarters of raw milk supply (worth about US $ 114 million).To April 30 this year, flying crane announced only on the basis of the redemption agreement to Sequoia China Fund to pay $ 16.4 million total redemption part last 656,250 shares, complete the full redemption of the shares held by Sequoia Capital. At this point, the flying cranes from Sequoia Capital "clutches. "" Gambling "for legalization of PE can customary tactic to concernPeriod, the jurisprudence of the Court in Gansu province has drawn attention to the PE institutes and enterprises to bet, that is Admiralty investment institutions and investment companies in Gansu who hang on gambling terms be found invalid. Haitong-Fortis Investments and investment companies in Gansu who hang on gambling terms, the Court of first instance and the second instance is found to be invalid. According to PE, say this is the first case of PE on a gambling agreement is invalid. "Hai FuConstant investment in Gansu province and the who on gambling dispute not only the PE on the risks of gambling agreement to emerge, which may also be a PE to a sign agreement to legalize gambling on football matches. "Investment news reporters interview people who point out that. To bet, is nearly 10 years in the frequency of a word in the domestic business community. About the PE on financing of gambling cases abound, includingMengniu and Morgan Stanley, Merrill Lynch International and bi Gui Yuan, Prince Edward milk and inland, such as Morgan Stanley, Goldman Sachs, has a mystery on bet each time. However, examples abound of only a few in the back is a win-win situation, most companies was ended in a fiasco. Taizinai mentioned above with the British, Morgan Stanley and Goldman Sachs to bet is a good "model". Prince EdwardMilk group in 2007 to accept Goldman and British together and Morgan Stanley funds of US $ 73 million, and agreed, in the three years after the investment if taizinai growth over 30% to reduce investor equity, such as finish of 30% growth, Chairman Li Tuchun taizinai group would lose control. Is sad reminder
wow cd-key, taizinai get institutions such as Goldman Sachs fundsOnly after a year, due to various reasons, into a comprehensive loss, reduced corporate control of the three institutions. Industry insiders told reporters, some business circles on the part of the investment firm even has a rather ridicule: introduction to others when the investment Office, introduced one additional sentence "that is crippling many of PE", behind the joke is actually for investorsRelationship between companies and the most straightforward satire. PE industry analysts point out that, although PE signed on the surface a gambling agreement with the enterprise is willing to get things, but enterprises might encounter when bet agreement with PE problems of asymmetric information, enterprises should fully understand what information to make decisions. PE sometimes too profit-oriented, when to bet agreements with the enterprise,Often point to grasp too harsh, so that enterprises in a disadvantaged position.
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