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CONTENTS
Abstract
Overview
Circumstance 1. Private Equity Market 2. Private Company 3. Investment Firm
Services 1. Partial Listing Services 2. Investment Services
Market Strategy & Goal
Team Member and Advisor
01.
02.
03.
04.
05.
06.
QUEENBEE COMPANY is an advisory company based in Singapore and has a
branch office in South Korea. QUEENBEE aims to solve the problem of the private
market and expand the market through digitalization of assets with various partners.
Although the financing market for private companies in the world is growing, market
participants in Korea are facing many difficulties. Non-listed companies, which are
important participants, are experiencing difficulties in financing, and investment
companies (or parties) that make investments are struggling to secure unlisted
companies with strong growth potential.
QUEENBEE COMPANY provides “Partial Listing Service” to private companies and “
Investment Advisory Service” to investment companies (or subsidiaries) to solve
and grow these conflicts in the market. Through this, we will develop the market
more transparently and fairly.
01. Abstract
01
Globally, the financing market for privately held companies is growing.
The size of the domestic market is about 9.37 trillion won, and there are platforms that allow
more convenient use of financing, but they have not been activated. Representatively, the size of
the company's financing through K-OTC operated by the Financial Investment Association is
2.8% of the total scale. This is a platform for trading unlisted stocks, but the platform or system
for private companies and investors, which are key players in the market, has not grown.
Unlisted companies are currently facing difficulties in selecting an investor in financing for the
company's liquidity supply, uncertainty in funding, financial handling problems when financing,
and attracting additional investment. In addition, as various industries develop rapidly, investment
companies (or subsidiaries) have considerations in investing, such as understanding of the
industry, uncertainty about the information of non-listed companies, and return on investment.
QUEENBEE COMPANY provides services to solve these problems.
It provides “Partial Listing Service” to non-listed companies that want to raise funds to attract
rapid investment from proven global investment institutions, and can expect to enter the global
market through such investment institutions. The partial listing of the company's stock provides
opportunities for management protection and subsequent investment. In addition, all data
required for the service is recorded and uploaded to the blockchain (distributed ledger) within
HIVE SYSTEM and is continuously managed.
Investment companies that want to invest in unlisted companies can receive support for a new
investment method called “Investment Advisory Service” that did not exist in Korea until now.
You can invest in unlisted companies with global investment institutions and you can recover
liquid investments. Through HIVE SYSTEM, you will receive accurate and transparent data from
private companies.
02. Overview
02
North America Europe
Asia Rest of World
The global private equity market continues to grow
Fundraising is about 600 trillion won and YoY is 3.3%. The size of the North American market including the US is
about 380 trillion won (63.3%), and the Asian market is about 102 trillion won (17.0%). The market size of Korea is
about 9.4 trillion won (1.56%). In North America, after the 2008 Subprime Mortgage Crisis, the amount of invest-
ment by investment institutions and investors increased every year, reaching ATH (All Time High) in 2019, with a
CAGR of 14.8% in 2014-2019. Korea’s 2014-2019 CAGR is a whopping 30%. This can confirm that it is growing
more rapidly than the global market.
1. PRIVATE EQUITY MARKET
03. Circumstance
Asia south korea
source : Mckinset&company, Global privat markets review 2020국세청, 5-2-. 주식 양도소득세 확정신고 현황 2014~202003
Global Private Equity Market
Asia Private Equity Market
North American PE fundraising
Fundraising Ratio for Private Security
Ratio between OTC market and K-OTC
North American
14.8% 30.0%
South Korean2014-2019CAGR, %
400
350
300
250
200
150
100
50
0
2014 2015 2016 2017 2018 2019
In the Republic of Korea, the country supports the platform in order to raise funds for unlisted companies. Repre-
sentatively, the K-OTC of the Financial Investment Association is operated, and through the K-OTC platform,
unlisted companies can register and raise funds under lighter conditions than the securities market. As of 2019, the
amount of financing for unlisted companies through K-OTC is about 265 billion won. This is about 2.8% of the
amount of financing through the over-the-counter (OTC) of Korea. The platform lacks investment reference
materials (company analysis report, audit report, etc.), and the amount of funding is significantly low.
03. Circumstance
South Korean PE fundraising
1000
500
800
700
600
500
400
300
200
100
0
2014 2015 2016 2017 2018 2019
OTC 9.1 Trillion(97.2%)
K-OTC265 Billion
(2.8%)
Source: Financial Investment Association, 2020 K-OTC Market Trend 04
Problems for each participant based on existing platform
DifficultFinancing
Unlisted Corp. Investment Entity
Risk ofInvestment inPrivate Corp
Lack of Activeness in Existing Platform & Lack of Platform
Currently, the trading environment of the OTC market is very narrow and there are inherent problems. Non-listed
companies are having difficulty finding investment entities (angel, VC, private equity, etc.) that are suitable for the
company's growth stage (Series). In addition, investing entities also need a lot of time to proceed with investments,
such as checking the accuracy or transparency of corporate information (valuation, financial statements, transac-
tions of unlisted stocks, etc.) necessary for securing a sound unlisted company that can generate profits and
investment. .
03. Circumstance
05
In starting and operating a company, financing is one of the essential items.
It can be obtained internally or externally as a way of raising funds. In general, there is a limit to company's growth
through internal funds and by attracting investment from the outside the company can generates sales and
scale-up another level.
There are several considerations for the company to proceed with this investment attraction. In order to attract
investment, the company must confirm the subject of the investment company (angel, VC, PE, etc.), and the
soundness of the funds and investment attraction method.
How to find an investment company?
How to search for investment companies and investors?
Is it an attractive market? Is there any potential for growth? (market development potential)
Is the company's present value (pre-value) appropriate? (Information asymmetry)
How will you invest? Exit strategy, how?
2. PRIVATE COMPANY
“Finance has been expanded and developed from the past simple credit and receiving behavior to the current
financial engineering. Asset Tokenization through blockchain is also progressing as a new paradigm in the financial
industry. In particular, the digitalization of stocks is expected to achieve a financial revolution by solving the chronic
problems between companies and investors.”
-Dongsoo Lee Partner, Yekyo Intelligence Accounting Firm
In the case of INVESTMENT FIRM (investment company), the investment risk differs depending on the growth
stage of the company to invest in. A privately held company at an early stage may have a higher ROI or return on
investment, but the risk of investment may also be higher compared to subsequent investments.
In order to invest in unlisted companies in common, an understanding of the industry in which the company intends
to invest is required.Invest by checking various items such as profits obtained by accurately evaluating the exact
value of the company, investment method, and risk hedging plan should proceed.
3. INVESTMENT FIRM
03. Circumstance
06
QUEENBEE COMPANY has entered into a partnership with Singapore's '1 EXCHANGE' to solve the liquidity supply
problem of domestic private companies. 1 EXCHANGE provides liquidity to unlisted companies in the pre-IPO (Initial
Public Offering) stage, and is a company leading the digitalization of assets by acquiring a license from the Singapore
country. Also called CAPBRIDGE HOLDINGS
We are receiving support from global investment companies or IB (Investment Bank) through our parent company.
QUEENBEE COMPANY has established high reliability and global networking through partnership.
Through this partnership between QUEENBEE COMPANY and 1 EXCHANGE, privately held companies can proceed with
Partial Listing. Partial Listing is a program that provides liquidity by listing some of the stocks held by a company. A
company that does not enter the public market with securities is to remain private. Through this, unlisted companies have
many advantages such as maintaining corporate control, shortening the time to attract investment, and evaluating global
investment and value. In order to proceed with the Partial Listing service, the QUEENBEE COMPANY system 'HIVE'
records and manages all actions, valuation and accounting, financial status, shareholder status of unlisted companies, and
transactions of unlisted stocks. Through this, unlisted companies are provided with convenience for future investments.
1. Partial Listing Service
04. Services
Fundraising Ratio for Private Security
QUEENBEE X 1X OTC IPO (PUBLIC)
Valuation
Liquidity
Cost and timeline
Investor Outreach
Disclosure Obligations& Listing Rules
Potentially better valuationsvs. Private secondary sale Require steep discounts Fair market valuation
Continuous tradingNone
Institutional investors
None; Investors are at risk
Continuous trading (volume isa function of participants and float)
Standardized, online campaignprocess 2-6 months
Expensive and time-consumingRequire brokers 2-6 months
Institutional investors Accreditedinvestors tail investors
Full listing rules andongoing disclosure obligations
Full due diligence andregulatory process 6-12 months
Institutional investorsAccredited investors
“Light touch” listing rulesMaterial disclosures
07
2. Investment Advisory Service
04. Services
The process of the Partial Listing Service is divided into six steps, and it proceeds from signing a service contract of
a non-listed company to post-listing service. Some shares of unlisted companies are sold domestically through
Singapore SPV, and the sold shares are converted into digital assets with 1 EXCHANGE listing as collateral. To be
listed on 1 EXCHANGE it takes about 9 to 11 weeks.
QUEENBEE COMPANY reduces investment risk by presenting new ways to invest in privately held companies, and
supports services so that funds can be used flexibly.
Through HIVE, information of unlisted companies (shareholders' register, financial statements, transactions of
unlisted stocks, etc.) is transparently provided, and unlisted companies do not enter the PUBLIC MARKET, but
remain within the PRIVATE MARKET, providing opportunities for subsequent investment or additional investment.
Do it. In addition, flexible EXIT is possible according to investment, and it is possible to flexibly decide to secure
management rights or participate in the board of directors.
QUEENBEE X 1X K-OTC OTC
Transparency of Info.
Market
Subsequent Investment
Exit
Governance
High High Undefined
PrivatePublic
All times
Private
High Undefined Undefined
Post Listing of 1X
In accordancewith the contract
In accordancewith stock amount
In accordancewith the contract
In accordancewith the contract
Partial Listing Service Process
· Request for partial listing of unlisted companies
· Check partial listing conditions
· Decision on partial listing (10-30%) and conclusion of contract
· Data collection required for partial listing
· Conduct customer valuation
· Financial advisory performance (financial statements, shareholders' register, stock transaction details, etc.)
· Singapore SPV establishment
· Transfer of partially listed shares
· Singapore 1 Exchange · Transaction history tracking
· Data upload according to company information change
Applying Confirmation Verfication SENDING1X
ListingUpdatie &Tracking
Advisory Service Benefits of QUEENBEE
08
05. Market Strategy & Goal
Additional Projects (Partial Listing Service)
HIVE SYSTEM architecture and development start
(requires pre-recruitment of development manpower)
Expansion of partner companies
(Hive System development, operation partner establishment)
QBZ global marketing promotion
Promote listing on global or domestic crypto exchanges
Construction of domestic licenses and affiliates
(investment advisory companies, etc.)
Additional Projects (Partial Listing Service)
Establishment of an investment commission including STO or
establishment of a consortium (Investment Advisory Service)
HIVE system test
Promote listing on global crypto exchange
HIVE System launched
YoY : Year on YearCAGR : Compound Annual Growth Rate
PEF : Private Equity FundingOTC: Over-the-Counter09
06. Team Member and Advisor
Abdussalam ElturkiAdvisor
· University of Bristol, Master of Engineering, Computer Science and Electronics
· Graphcore, Silicon Engineer
· Toshiba Europe, Machine Learning and Distributed Systems Research Engineer
· Invented and filed a patent of a system that reduces network traffic
by 60% of Distributed Neural Network by using Reinforcement Learning
Terry LeeCOO
· 미국 국립 과학 아카데미 수료
· 현대 엔지니어링, 정비기술자
· Two Person Eng, 정비기술자
· 블록체인 협회, 팀장
· Token Metrics, Member
Jade NohBusiness Strategic Planner
· 연극.뮤지컬 공연기획팀
(햄릿, 리어왕, 뮤지컬 그리스)
· 테마파크 기획팀 과장
· BMW Project Management
· 강남, 명동 등 기업 부동산 컨설팅
Joseph ChoCTO
· University of Bristol, Bachelor of Social Science,
International Relations
· BIC Blockchain, Executive Director
· Runningman Corporation, Customer Service Officer
· CLWB.org, A.I Deep Tech Task Force Member
10
Eric MoonCEO
· Korea University, Business School
· BIC Blockchain, Founder and Chief
· Marketing Manager in Several
cryptocurrency companies
· Expert in accounting, tax,
and financial management
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