According to the Star Daily on November 27 (Reporter Chen Mei), last night, Kidswant (301078) announced that the consistent action partner of the controlling shareholder—Nanjing Qianmiaonu Venture Capital Partnership (Limited Partnership) (referred to as Qianmiaonu Venture) intends to transfer 62.9162 million freely tradable shares held, accounting for 5% of the company's total share capital, to Shanghai Yicun Investment Management Co., Ltd. (referred to as Yicun Investment) at a price of 10 yuan/share, the latter representing Yicun Xinweilai Private Securities Investment Fund.

The reporter of Star Daily noted that the transferor of this transaction, Qianmiaonu Venture, is a consistent action partner of Kidswant's founder, Wang Jianguo. In identity, Wang Jianguo is not only an entrepreneur but also a private equity tycoon.

On the market, today the stock price of Kidswant fluctuated, and at the closing time, it fell by 4%, closing at 13.5 yuan/share.

0.629 billion! Yicun Investment acquires 5% equity in Kidswant.

Although both are “Yicun”, compared to Yicun Capital, which focuses on acquisition transactions in the primary market, this time Wang Jianguo's agreement on share transfer—Yicun Investment, is a secondary private securities investment fund.

The reporter of Star Daily noticed that Yicun Investment’s acquisition of Kidswant is quite 'generous': first, the shareholding ratio reaches 5%, triggering the disclosure obligation; second, although the entry price of 10 yuan/share represents a discount of about 26% compared to Kidswant's current stock price, in terms of total price, Yicun Investment also invested 0.629 billion yuan in this transaction.

According to the disclosure, the share transfer price is divided into three parts: first, within 3 working days of obtaining the confirmation letter, Yicun Investment will transfer the first payment of 62.916 million yuan; second, within 3 working days after the transfer of the symbol shares to Yicun Investment's name, transfer 0.188 billion yuan; third, within one month of the transfer procedures for the symbol shares, transfer the remaining 0.377 billion yuan.

According to data from CaiLianShe Venture Capital, Yicun Investment was established in 2010, with a registered capital of 10 million yuan. Ma Chi is a key person in the company and holds 20% of the shares.

According to the private placement ranking website, by the end of 2023, the top private equity firms with a scale of over 5 billion had nearly the top 20 earning more than 90% in the past five years. Among them, Ruiyang Investment, Linyuan Investment, and Yicun Investment ranked in the top three, with returns of 213.65%, 198.96%, and 194.12%, respectively.

From this view, private equity tycoon Wang Jianguo has found a top private equity fund to conduct a share agreement transfer.

Regarding this agreement transfer, today's reporter from the Star Daily called the secretary office of Kid Kingdom in the capacity of an investor. Their staff stated, "This is actually a consideration by the company's senior management. Currently, it is just an agreement transfer stage. After Yicun Investment holds the shares, any follow-up actions will depend on the company's announcement."

Private equity tycoon Wang Jianguo.

Wang Jianguo, the founder of Kid Kingdom, has gained considerable attention in the capital markets due to his background as a private equity tycoon.

Wang Jianguo has welcomed two IPOs in 2021 and 2022 respectively. In 2021, Kid Kingdom listed on the gem, with an issuance price of 5.77 yuan, at which time the opening price surged over 260%, pushing the market cap to over 25 billion yuan at one point. As of now, this company focused on retail of maternal and infant products and children's supplies still has a market cap of around 16.6 billion yuan.

As of now, Wang Jianguo indirectly controls over 36% of Kid Kingdom's shares through Jiangsu Bosida Enterprise Information Consulting Co., Ltd., and acting in concert with Qian Miaonuo Chuangye and Nanjing Ziquan Investment Partnership (limited partnership).

Based on a market cap of around 16.6 billion yuan, the market cap held by Wang Jianguo and his concerted action persons reaches 6.1 billion yuan. It is worth noting that these shares will be unlocked on October 14, 2024, after being restricted shares.

Currently, Kidswant has been listed for more than three years, and regarding future development, a staff member from the board of directors stated, "The company has opened many stores this year while also renovating them, leading to a certain increase in business revenue. In the future, the company's focus will mainly be on the sinking market and franchise business."

After the IPO of Kidswant, Wang Jianguo's venture, Huitongda, was also listed on the Hong Kong Stock Exchange in February 2022.

As a "private equity tycoon," in 2017, Wang Jianguo's Wuxing Holdings established Xingnaha Capital.

According to reporters from the Star Daily, this investment fund is still taking action. Data from Caijing Venture Capital show that this year, Xingnaha Capital participated in a tens of millions A round financing for space computing chip manufacturer Yaoyu Shixin; the angel round financing for AI software company Interstellar Navigation; as well as the angel round financing for the controllable nuclear fusion component supplier Fuxinli.

In terms of the fields of investment, dining, e-commerce, and semiconductors are the areas where Xingnaha Capital has the most presence. Among them, companies like Feihe, AVIC Lithium Battery, Jiangxiaobai, UR, Xingyun Group, and Panghu Luxury Goods all have the involvement of Xingnaha Capital.