When Chen Yiyang received a call from Li Tiaotiao's developer, he was busy.
So the two exchanged only a few brief words.
Chen Yiyang made a promise to the other party, "You just need to update the software; I'll handle the rest. If anyone sends a legal notice to the company, just forward it to my legal team."
Li Tiaotiao's developer feared Tengxu, but Chen Yiyang did not.
Tengxu's thod of sending legal notices is very effective against individual developers. Because whether it's justified or not, once a legal notice is sent, if you don't respond, they can proceed to sue you.
Then you'd face various difficulties: hiring a lawyer costs money, your boss might pressure you, and there's always the risk of losing the case.
However, this tactic doesn't work so well against soone like Chen Yiyang, who has a dedicated legal team.
If a lawsuit is really intended, it might take three to five years to reach a conclusion.
After the call ended, Chen Yiyang signaled to the person in front of him, Jiang City, to continue with the previous topic.
This ti Jiang City ca from Ludao City to Lin'an to et Chen Yiyang primarily for a big matter.
The question was whether Kuxing should re-enter Nasdaq.
Kuxing was previously listed on the U.S. stock market and raised a lot of money from North Arican investors. Later, the company was exposed for financial fraud, leading to its delisting from Nasdaq, and then most of the shares were bought by Chen Yiyang.
However, technically speaking, Kuxing never exited the U.S. stock market, but only left Nasdaq and entered the North Arican OTC market.
This is the pink sheet market in North Arica, where Chen Yiyang previously went specifically to buy Kuxing's shares.
The market's status is sowhat akin to the Beijing Stock Exchange dostically.
No matter how well Kuxing's stock performs on the pink sheet market, it can't match the benefits of returning to Nasdaq.
Although North Arica is currently weak industrially, it remains the undisputed leader globally in the financial sector.
"The reason Kuxing left Nasdaq initially was due to financial fraud. But now Kuxing has turned losses into gains, and its overall business has returned to normal levels.
The hundreds of millions of USD fines imposed for fraud have all been paid. Returning to Nasdaq isn't a big problem."
Chen Yiyang felt sowhat conflicted about taking Kuxing back to the U.S. stock market.
From a personal standpoint, if Kuxing returns to Nasdaq, the company's future developnt strategy will inevitably need to consider its impact on stock prices.
But if the company remains unlisted.
It would face two issues.
One is that with Starbucks being acquired by dostic capital, if a price war with Kuxing breaks out in the future, Kuxing will need substantial funds to ensure the security of its capital chain.
If Chen Yiyang doesn't want to infuse his own funds, raising capital from the stock market is the best choice.
The second reason is that besides Chen Yiyang as a major shareholder, Kuxing has many small shareholders.
If Kuxing's revenue and profits grow, the company's valuation will also rapidly increase.
These shareholders will have the urge to cash out.
After all, the annual dividends are ager compared to cashing out a few billion from their shares once Kuxing returns to Nasdaq.
Not everyone can resist this temptation.
And currently, Kuxing's executives also have so equity incentives.
If Kuxing returns to Nasdaq, these executives could beco instantly rich.
Besides the company insiders, Ludao City also hopes Kuxing can return to Nasdaq.
Earlier this year, a docunt was issued, clearly requiring local governnts to support outstanding consur companies in going public, especially overseas.
It's part of the performance assessnt.
So the Ludao City Governnt also hopes that Kuxing will return to Nasdaq.
In this situation, even if Chen Yiyang wants to stop it, it's difficult.
Therefore, while contemplating, Chen Yiyang changed the topic and asked Jiang City, "Why must we return to Nasdaq? Can't we list on the Hong Kong Stock Exchange?"
"If we go public on the Hong Kong Stock Exchange, we're considered a new company, which ans more scrutiny and lengthy processes compared to the simplicity of returning to Nasdaq.
Moreover, returning to Nasdaq has another advantage: it facilitates Kuxing's expansion in the North Arican market.
Currently, Kuxing has opened so stores in North Arica, but the expansion rate is slow.
The main reason is that we lack deeply-bound capital support in North Arica.
However, if we return to Nasdaq, the situation would drastically change."
Hearing this, Chen Yiyang understood.
For Kuxing at present, re-entering Nasdaq is not only the hope of both insiders and outsiders but also involves the expansion into the North Arican market.
If Chen Yiyang wanted to forcibly stop it, he could. But the cost would likely be significant.
Considering this, Chen Yiyang decided not to be the villain. So, nodding at Jiang City, he said, "I approve of this. You can start preparing now."
"Yes, Mr. Chen." Receiving Chen Yiyang's approval, Jiang City breathed a sigh of relief.
After all, for Chen Yiyang, who isn't interested in making money through cashing out shares, returning to Nasdaq has little benefit.
Jiang City was worried that Chen Yiyang might stop the plan before coming.
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