Late at night on November 2, the backdoor plan of 360 (360 Technology Co., Ltd.) was officially released, and the target of the backdoor transaction was Jiangnan Jiajie.

Jiangnan Jiajie, which has been suspended from trading for nearly five months, released this restructuring plan at 23:50 on the evening of November 2. The transaction includes two major parts: major asset sales, major asset replacements, and the issuance of shares to purchase assets.

Among them, the price of the assets to be placed is 50.416 billion yuan.

Jiangnan Jiajie disclosed in its suspension progress announcement at the end of October that the company plans to implement this transaction by selling assets, asset swaps and issuing shares to purchase assets. The target assets are initially determined to be companies in the Internet technology, media and communications industries.

This reorganization involves significant and unprecedented matters.

The report stated that after the completion of this transaction, the actual controller of the listed company changed to Zhou Hongyi.

In this transaction, the higher value of the total assets to be placed and the transaction amount is 50.416 billion yuan, accounting for 1789.27% ??of the listed company's total assets of 281 million yuan at the end of 2016, exceeding 100%.

Since 360 ??announced the completion of the privatization transaction and delisted from the New York Stock Exchange in July 2016, A-shares have been subject to wave after wave of speculation.

The market is betting that 360 will return to A-shares through "backdoor transactions", and the concept of 360 "shell stocks" came into being and became popular.

In the secondary market, concept stocks related to "360 A" are frequently sought after by funds. Among them, Dianguang Media, CITIC Guoan and other A-share companies that have directly or indirectly participated in the privatization of 360 have attracted the most attention from funds.

The listed companies that announced their direct or indirect participation in the privatization of 360 back to A are as follows: Tianye Shares: participated in the privatization of 360 through Tianying Huixin, with an investment of US$89.71 million.

Aier Ophthalmology: Shannan Zhilian, a wholly-owned subsidiary, indirectly invested in the equity of Qihoo 360 by participating in Xinxinsheng Investment.

CITIC Guoan: Invest no more than US$400 million to participate in the equity investment part of 360 privatization.

Dianguang Media: Indirectly invested in the privatization of Qihoo 360 through the "Huarong 360 Special Investment Fund".