“Science and Technology Innovation Board Daily”, November 27 (Reporter Chen Mei) Yesterday evening, Kid Wang (301078) announced that the controlling shareholder, Nanjing Qiansecnuo Venture Capital Partnership (Limited Partnership) (abbreviation, Qiancunuo Venture), intends to sell its 62.9162 million unrestricted current shares through an agreement transfer method, accounting for 5% of the company's total share capital, to Shanghai Yicun Investment Management Co., Ltd. (Yicun Investment for short).

The “Science and Technology Innovation Board Daily” reporter noticed that the transferee of this transaction, Qiansecnuo Venture, was the unanimous actor of Wang Jianguo, the founder of Kid Wang. In terms of identity, Wang Jianguo is not only an entrepreneur, but also a private equity mogul.

On the market, Kidowang's stock price fluctuated today. By the close, it had fallen 4% to close at 13.5 yuan/share.

0.629 billion! Ichimura invests in a 5% share in Kidwang

Although it is also “one village,” compared to Yicun Capital, which focuses on mergers and acquisitions in the primary market, Wang Jianguo agreed to transfer shares, Yicun Investment, is a second-tier private equity investment fund.

The “Science and Technology Innovation Board Daily” reporter noticed that Yicun's investment was “proud”: first, the sale reached 5% of the shares, triggering the obligation to list and disclose; second, although the share price of 10 yuan/share was discounted by about 26% compared to Kid Wang's current stock price, judging from the overall price, Yicun Investment also invested 0.629 billion yuan in this transaction.

According to the disclosure, the share transfer price was divided into three parts: first, the first price of Yicun Investment Transfer was 62.916 million yuan within 3 working days of obtaining the confirmation; second, 0.188 billion yuan was transferred within 3 working days after the underlying shares were transferred to Yicun Investment's name; third, the remaining 0.377 billion yuan was transferred within 1 month of the underlying share transfer procedure.

According to CIFA Venture Capital Connect data, Yicun Investment was founded in 2010. The registered capital of the company is 10 million yuan. Ma Chi is the core employee of the company and holds 20% of the shares.

According to the Private Equity Ranking Network, at the end of 2023, among the leading private equity firms with a scale of 5 billion or more, the top 20 recently earned more than 90% in the past five years. Among them, Ruiyang Investment, Linyuan Investment, and Yicun Investment ranked in the top three, with earnings of 213.65%, 198.96%, and 194.12% in that order.

Judging from this, private equity boss Wang Jianguo found a leading private equity fund to transfer shares by agreement.

Regarding this agreement transfer, today the “Science and Technology Innovation Board Daily” reporter called the child Wang Dong's office as an investor. The staff said, “This is actually a consideration from senior management of the company. Currently, it is only an agreement transfer stage. After Ichicun invests and holds shares, it still depends on the company's announcement.”

Private equity boss Wang Jianguo

Wang Jianguo, the founder of Kid Wang, is a private equity boss and has received a lot of attention in the capital market.

Wang Jianguo ushered in two IPOs in 2021 and 2022. In 2021, Kids King went public on GEM with an issue price of 5.77 yuan. At the time of opening, the market surged by more than 260%, and the market capitalization once broke through 25 billion yuan. Up to now, this company, which focuses on the retail retail of mother and child products, still has a market capitalization of around 16.6 billion yuan.

Up to now, Wang Jianguo has indirectly controlled 36% of his child Wang Chao's shares through Jiangsu Bosida Enterprise Information Consulting Co., Ltd., as well as concerted actors, Qiansecnuo Venture and Nanjing Ziquan Investment Partnership (limited partnership).

Based on a market value of around 16.6 billion yuan, the market value held by Wang Jianguo and the concerted actors reached 6.1 billion yuan. It is worth noting that the above shares were all banned on October 14, 2024, and were previously restricted stocks.

Currently, Kid Wang has been on the market for more than 3 years. Regarding future development, the staff of Kid Wang's Secretary's Office said, “The company has developed many stores since this year, and has also transformed the stores, which has led to a certain increase in business revenue. The future focus of the company will mainly focus on the sinking market and franchise business.”

After receiving the IPO of the child Wang, Huitongda, incubated by Wang Jianguo, was listed on the Hong Kong Stock Exchange in February 2022.

As a “private equity tycoon,” Five Star Holdings, headed by Wang Jianguo, established Xingnach Capital in 2017.

The “Science and Technology Innovation Board Daily” reporter noticed that currently, this investment fund is still in operation. According to data from the Financial Services Association Venture Capital, since this year, Starbucks Capital has participated in tens of millions of Series A financing from spatial computing chip manufacturer Yaoyu Vision; Angel Round financing for artificial intelligence software company Star Aviation; and Angel Round financing from controlled nuclear fusion device component company Fu Xinli.

In terms of active sectors, consumer catering, e-commerce, and semiconductors are the fields with the largest distribution of Starnach's capital. Among them, companies such as Feihe, China Aviation Lithium, Jiang Xiaobai, UR, Xingyun Group, and Fat Tiger Luxury Goods all have Xingnach Capital behind them.