September ends, just an ordinary day.
Chen Pingsheng has been listing Melon Seed Used Cars for over half a year now.
He cashed out 15% of the remaining 20% of the shares, obtaining funds of 1.5 billion.
Through random increases, this amount has been raised to 4.5 billion, totaling 6 billion including the principal.
This sum is entirely invested in the newly established Tengying Management College.
After completing this cash-out, the highest shareholding in his listed projects is now just 10% of Tengying Entertainment.
For other listed companies, it's mostly 5%.
A 5% stake certainly can't offer full control.
But Chen Pingsheng signed the investment agreement before the IPO,
So he could still tightly control these companies within the Tengying Group.
He doesn't have to worry about losing control due to reduced shares.
With the National Holidays around the corner, it's peak travel season, but their family isn't planning to go out.
