The fourth case will be released this year: great wisdom to buy Xiang-finance securities

The fourth case is likely to be released this year. A shareholder of Xiang-Fortune securities in the announcement confirmed the Shanghai wisdom to buy Xiang Financial securities rumors. According to the announcement, the company will hold a 2.29% per cent stake in the capital, and the wisdom will be to buy shares held by the shares. According to people familiar with the disclosure, the transaction in principle, not more than 9 billion yuan.

According to the Guangzhou Securities brokerage business Headquarters general manager Huangying, said that the Internet enterprises need to get a brokerage license, and small and medium-sized brokerage curve listing is also a good way out. Huangying build judgment, the future small and medium-sized brokerages will also appear a large number of mergers and acquisitions.

Trading not exceeding 10 billion

In response to the market about the wisdom will be incorporated into the Hunan Financial securities rumors, yesterday, South reporters call great wisdom, their securities representatives are reluctant to talk about, just said the merger matters inconvenient confirmation, follow-up progress to see the bulletin, not to publish relevant information. And the Hunan Treasury securities Dong-Office related personage yesterday morning to South all reporter said, the company is dealing with this matter, a little evening announcement. The announcement confirmed the news after yesterday's offer.

The company and its wholly-owned subsidiary, Shanghai Wisdom Wealth Data Technology Co., Ltd. ("Treasury Technology") signed the "Letter of intent to restructure", said the announcement great wisdom, finance and science and technology to the Hunan Financial Securities shareholders in the non-public issue of the big wisdom shares and pay cash to buy 100% of the shares of Xiang Treasury securities.

How is the suspense of this merger now valued? Xiang-Fortune Securities 2013-year operating income of 8 300 million yuan, ranked 61 in the industry, its net capital of 2.763 billion yuan, ranked 49th in the industry, but the net profit is only 130 million yuan, earnings per share only 0 yuan.

The head of the brokerage said that now listed securities, Pacific Securities market value is 17.7 billion, although Xiang's revenue and net capital is higher, but the net profit is poor, even if there is a premium for internet finance and backdoor listing, but not too high, estimated at 10 billion below. People familiar with the matter to the south, said the transaction in principle not more than 9 billion yuan.

Great wisdom to get a brokerage license

The shares said that through the transaction can be fully in-depth integration of wisdom and the business resources of Hunan Treasury securities, to build a truly internet-based business platform, the integration effect is extremely obvious. In the future, the parties concerned will further integrate and expand the relevant resources on the basis of this platform, and share the huge growth space of internet finance.

The great wisdom and the Hunan Finance and securities relations have been closely cooperated. As early as the 2009 Xiang-Wealth Securities and great wisdom to form a strategic partner. Both sides establish long-term cooperation in technology development and resource sharing. At that time, Xiang Finance securities President Ro said that the introduction of a new online trading platform and the company's development strategy in the next 3 years are closely related, the next 3 years, Xiang-finance securities will strive to become the domestic first-class financial services provider. Neither side may have imagined that cooperation will now be achieved in this form.

Zhang, an Open-source securities analyst, told reporters in the south that this was a double win. "Great wisdom has always wanted to do the internet financial sector, great wisdom to buy Xiang Treasury securities, there will be a brokerage license plate, you can contact more business scope." She said to the South reporters.

Huang Yingjian believes that great wisdom has a lot of data, after the acquisition of Hunan Financial Securities, can put these data application and landing, great wisdom is the strength of information services and billing software, so the future data applications skipped the analysis and mining links to customers, from a relatively easy profit perspective. In addition, relying on this advantage, can also bring some new customers. However, Huang Yingjian that the wisdom of the traditional brokerage thinking, not the real sense of the Internet enterprises, the future of customers in the new profit growth point of the cultivation of a big bottleneck.

Hunan Financial Securities Curve motherboard listing

The acquisition is also the 5th this year, the new Sanbanxi company was listed company mergers and acquisitions, and Xiang-finance securities had deliberately through the listing of new Sanbanxi board.

"The plate is just a legend. "Guangdong China branch vice president of investment, Guangdong fertile Land Research institute Secretary General Zhu Weixiang, interviewed by the south, said the new Sanbanxi listed the biggest value is the value of mergers and acquisitions." With the new Sanbanxi bidding transaction and market maker system, the new Sanbanxi transaction price is becoming more and more fair, and the value of the new Sanbanxi is becoming more and more obvious. After the new Sanbanxi enterprises listed, due to the full disclosure of information, and get audit, brokerage and other intermediary agencies audit supervision; The directional additional mechanism is more flexible, the new Sanbanxi can be listed through the additional shares to acquire the right target object, in order to achieve the future bidding transactions and transfer board requirements; The new Sanbanxi listed enterprises can also exchange shares, Absorption of mergers and other means of industrial integration. As a result, valuations will also rise in new sanbanxi businesses.

Zhang that, although Xiang-rich has been listed in the new Sanbanxi, but the motherboard queuing more, so it is more difficult to transfer board. For the Hunan Treasury securities, can be incorporated into the curve of the main board listing is also good.

[Observation] small and medium-sized brokers or mergers and acquisitions reorganization tide

For small and medium-sized securities companies, to survive is to walk the road of specialization, because the small and medium-sized brokerage itself customers are not much, the regional color is strong, the impact of the Internet on their larger.

South all reporters learned that net, flush already has a securities advisory licence of the Internet financial companies, also have to enter the broker's intention. "In the case that the brokerage licence is difficult to obtain, the Internet enterprise has to get the curve." The head of a small and medium-sized brokerage in Shenzhen said to reporters in south.

"The convergence of Internet business and finance is a big trend. "Huang Yingjian said that the Internet companies have set up relevant departments, are also looking for brokerage target to obtain key customer data.

The merger is also this year, following the Shanghai Securities Guotai Incorporation, shen million annexation of macro-source securities, China textile investment in the restructuring of the securities, the fourth case of securities mergers and acquisitions. Huangying build judgment, the future small and medium-sized brokerages will also appear a large number of mergers and acquisitions.

Nancy reporter Wang Tao intern Chu Mingli Chen Liting