Based On The US Listing &Nbsp, Chongqing Sister Li Hong Is Worth More Than 1 Billion 300 Million.

September 7th, Chinese style

According to the latest US stock paper, the rural base will issue 5 million shares, and the price range will rise from $12-14 to $14-16.

IPO (initial public offering) is about $92 million.

If the total market value is calculated, it will be between 300 million and 350 million US dollars (about 2 billion yuan).

The village foundation said the fund-raising will mainly be used to open new stores and improve logistics IT facilities.

According to the public information disclosure, the rural base boss Li Hong and her husband Zhang Xingqiang jointly hold 53 million 200 thousand shares in the rural base, and still have absolute control rights after the listing.

Initially estimated that these about 50000000 stocks are worth about 1 billion 300 million yuan.

Nearly 200 middle-level managers in the rural base obtained the "original stock" at the price of $1 per share in early 2010. If the rural base was listed successfully, hundreds of employees could become rich overnight.

It is reported that Li Hong approved the option award of 7 million 720 thousand ordinary shares as early as December 2009, and Li Hong is therefore called "one of the most generous" owners.

According to the relevant publicity materials, Li Hong retained 3 million 753 thousand and 700 ordinary shares for his team, and the market capitalization amounted to RMB 94 million 310 thousand yuan.

Chongqing sister

Li Hong, a village based boss, is a low-key man who rarely shows up in the media.

She is a real Chongqing girl.

After graduating from junior high school, Li Hong entered a technical school to learn cooking. After graduation, she got the diploma of self study examination of Sichuan University's Chinese language and literature, and then entered the Beibei radio and TV University as an educational administration.

After half a year's quiet life, she resigned to work in the California beef noodle shop and became a manager.

In 1996, she resigned and started her own business.

She drew lessons from foreign fast food, studied the management mode of Chinese fast food, introduced venture capital, and developed the rural base from the first store to the 101 shop now, and finally ran to the US stock market.