Picture source: Oriental IC
Blue Whale TMT Channel reported on June 29 that recently, 360 Security Technology Co., Ltd. (hereinafter referred to as "360") was transferred to Hezhong New Energy Vehicle Co., Ltd. (hereinafter referred to as "360") for 0 yuan (affordable). The news about the capital increase rights (referred to as " Nezha Automobile ") has triggered heated discussions.
In response to this, 360 Group Chairman and CEO Zhou Hongyi responded China Business News that the reason for the transfer was to allow the entrepreneurial team to gain control of the company. 360 still has about 20 billion in cash on its account, so there is no problem of lack of money.
"Nezha Automobile is a startup company, and the company's development should still be led by the entrepreneurial team, rather than completely led by capital. However, Nezha's entrepreneurial team has too few shares, so we transferred the capital increase to the entrepreneurial team." Zhou Hongyi explain.
html On June 26, 360 announced that 360 (Beijing) Private Equity Fund Management Co., Ltd., a wholly-owned subsidiary of 360, plans to transfer the registered capital of 79.9944 million yuan it holds to Nezha Automobile (without actual investment), corresponding to Nezha Automobile 3.532% of the equity was transferred to Jiaxing Xinzhu Equity Investment Partnership (Limited Partnership) and Shenzhen Jingcheng Kuangkuang Enterprise Management Center (Limited Partnership), with a transfer consideration of 0 yuan. After the transfer is completed, 360 still holds 11.4266% equity in Nezha Automobile (corresponding to a registered capital of 259 million yuan).
