An urgent investigation into the acquisition of the explosive takeover of the Suning world: The Hung-ting film was accused of

Three years without taking the land of Suning Global Co., Ltd. (000718. SZ, hereinafter referred to as "Suning world" is determined to transform the great cultural industry, but in the first step on the "somersault." Recently, the "economic Observer," a paper entitled "To the Great cultural suning around the world to buy Wang Yu or" Step on the Thunder "article, citing a number of" people familiar with the matter, "the news said, Suning World's wholly-owned subsidiary of Suning Culture to buy the company's Haihong film," Just a leather company, outside the debt, A number of performances are only through the nominal and to the outside to attract funds, but did not actually arrange "", "Wang-Yu-Hung, the essence of Suning global listed company's essential purpose, just for its debt solution. "One of the articles, Suning Global on October 20, the emergency suspension. In fact, Suning world, with the help of Suning culture platform to buy Wang Yu film, was originally regarded as the capital market in the process of transformation of the great culture, the first substantial acquisition. The deal signed a framework agreement on July 17, suning culture to absorb some of the old shares and new shares in the way, to no more than 281 million yuan to acquire the 51% stake in the Hong-ting film. Times weekly reporter noted that in the transaction, Suning Global currently face the most serious situation, or for the acquisition of the target company Shanghai Wang-Yu film affiliated enterprises of the competition problem. An exclusive investigation by the reporter of The Times weekly found that Wang Yu film three shareholders Huan, Wang Kaihua, Dong Jianqing in Shanghai Songjiang registered there is another with Wang-ting film business nature, the ownership structure exactly the same company, "Shanghai Wang Introduction Film Co., Ltd. (hereinafter referred to as" "Wang cited film)", the company currently has according to the investigation, The project has even been more than the hung-held film. After announcing the acquisition of the Hong-held film for three months, Suning Global issued a "clarification of media reports and a duplicate announcement" on October 23, saying it would conduct due diligence on the bid for the bid. True and false "quartet agreement" is said to be "shell company" Wang Yu Film, founded only a short span of 4 years. According to the National Enterprise credit Information System, Wang Yu film registered capital of 10 million yuan, three natural person shareholders Huan Yue, Wang Kaihua, Dong Jianqing shareholding ratio of 50%, 30%, 20%, of whom he is a legal representative, executive director, Dong Jianqing for the supervisor. But in the external propaganda caliber, Dong Jianqing for the president, Huan for the general manager. Wang-Yu's largest film and television projects, when a joint venture with the Huangxiaoming Studio "splendid margin of gorgeous adventure", the play will be launched in the first half of 2015, the current release of the premiere platform is Hunan TV. In Su Ning culture and Wang Yu Film signed a framework agreement, the play starring Huangxiaoming, Chen Jiaon, etc. are present. And the performance of Wang-Yu film and television projects, currently only the TV series "Opera Point Mandarin Duck", "the wrong point Mandarin Duck", the company executive director Huan for the film and Television project, one of the filmmakers, and Wang held the distribution of films. The play was broadcast in southeast TV in March 2014, according to the Propaganda party said that had "rushed into the national ratings in the first three", but the project's main control party for Hunan TV program Center. Hunan TV Program CenterAs the main investor and issuer of the play. A film company boss, who declined to be named, said to the Times reporter that "in the film and television play investment, and the main vote is not a concept, even if the TV show is good, if not the main control, then the success of the film and television drama is generally not necessarily related to them, mainly depends on the main control party. "In other words, the real strength of Wang Yu's movie in the operation of the film and television drama project, still need to wait until the" splendid edge of Gorgeous adventure "launched the market can be verified. In addition, Wang held the film also participated in several plays of investment and distribution. such as "Staggered Time of Love", "Male girlfriends Honey", "Play point Mandarin Duck", "Donkey Water" (Shanghai station) and so on. In an interview with Dong Jianqing this September, Oriental Morning Post he disclosed himself as "the 2013 Jay Chou, show Luo, May Day concert and 2014 South Korea combination 2PM China Tour" of the behind-the-scenes trader, and on the official website of Wang Yu Film, 2013, the company's concert is Andy Lau , Jay Chou, show Luo concert. The economic observer has quoted people familiar with the matter as questioning the authenticity of the concert. It is said that the Shanghai Jin Yuan Investment Management Co., Ltd. (hereinafter referred to as "Jin Yuan Investment"), Shanghai Investment Management Co., Ltd. (hereinafter referred to as "Beijing Investment") and Dong Jianqing has signed a "quartet agreement", "according to the plan, Wang Yu film, Jin original investment in January 16, 2013 on the ' South Korea Exo concert and Show Luo concert ' project cooperation, two companies have also tried to operate the "2013 Andy Lau Concert Project." But the concert was not held after the project was financed by Wang-ting. "The clarification of the media report and the Bulletin of the re-licensing of the Suning world," Wang Yu-ting and its shareholders denied the existence of the Quartet Agreement. Among the three shareholders of Wang-Yu film, Dong Jianqing and he are the husband and wife, both of whom hold important positions in the company, while another shareholder, Wang Kaihua, does not participate in the daily work and actually controls the investment of the above-mentioned Quartet Agreement. Times weekly reporter learned that Beijing investment in the industry known as "Beijing Investment", is the inter-bank bond market institutional investors, the company was established in 2011, the company's legal representative for the Xie Lin. Quite coincidentally, Xie Lin was also the shareholder of the original investment in the Quartet agreement. It is worth mentioning that Wang Kaihua and the Rendez-vous hosted the famous "White Party" of the Migratory Bird Club founder Chen Jun acquaintance, the two people in Sina Weibo more interactive. At the same time, there are photos of Wang Kaihua nameplate in a forum post written by a suspected Haitian rendez-vous employee. In the current Wang Yu film announced the signing of artists, the most well-known when the tender mold Ye Zi. The intricacies of affiliated companies in the face of the most severe situation in suning world, or for the acquisition of the underlying company Wang Yu film and affiliated companies competition issues. Times weekly reporter investigation found that Wang Yu three shareholders Huan, Wang Kaihua, Dong Jianqing in Shanghai Songjiang Registration has another and Wang-ting film business nature complete, ownership structure exactly the same publicDivision "Wang cited pictures", the company was founded in June 2013, the legal representative for Dong Jianqing. Times weekly reporter inquires the state news and publication Sarft website found that the film "the first bucket of gold", drama prepared words [2013] No. 2971, the filing unit is Wang cited pictures. Screenwriter Huangbing, the main head of the Huangxiaoming studio, also mentioned that he would be the producer of the show (ie, the investor) in Huangxiaoming last December. In addition, Wang cited the film is also the April this year, the TV series "Liang Jia Women", this August, the TV series "Happiness Hotel." According to Zhang Quan, who is responsible for the acquisition of Wang Yu's project, said Suning Global knew about the matter, and Dong and Huan were registered with two companies because Shanghai Songjiang Government had a policy to nurture the film industry. At the end of the acquisition, Suning Universal will circumvent the competition in the agreement. Times weekly reporter also found that Wang held the actual operation of the film People Huan Yue, Dong Jianqing in Beijing, there are still shares of video business companies. Among them, in August 2013, the establishment of the Beijing Wang Ying Picture Culture Communication Co., Ltd., registered capital of 2 million yuan, three shareholders Dong Jianqing, Liu Qing Zhan, Songjie shareholding ratio of 40%, 30%, 30%, the legal representative for Songjie. It is understood that the company operates mainly in concert business. Success stories include Miss A Asia tour concert, May Day "Noah's Ark" 2014 World Tour concert Korea field. And in the previous one months, Huan Yue shares 15% set up a Beijing star Moon Art Culture Communication Co., Ltd., the company's legal representative and the main shareholder for Sanle broker Xu Yi Heng. Star Moon Art contract artists including Jiangwushi, Wu Yue, Tanaka, Liu Yun, An Shu, Liankai, Zheng June and so on. Wang held that the above situation in the case of trade secrets for the basis of the refusal of the Times weekly reporter's further interview request. Urgent to enter the big cultural industry suspension of two days, Suning Global on October 22 issued clarifications and a duplicate announcement. The announcement responded to the two rumours reported, and was cautious in denying media coverage. The announcement said that the "Quartet agreement" to prove that the business is suspected of fraud "and the fact that the rumors, the rumours about" the debt of the Hong-Yu film "have yet to be further verified," cannot be judged at this stage ", stressing that" the company is currently signing a merger and acquisition framework agreement with Wang Yu film, and has not signed a final merger agreement, There is still uncertainty in merger and acquisition cooperation. However, October 23 after the Suning global recovery card, plunged 5.19%. It is quite strange that in July this year, Suning Global announced the acquisition of the Hong-Yu, the agency has expressed a bullish. Citic Investment Securities analyst Su Xiejing, Liu Lu Analysis, said: "We think that the company in recent years dormant, ready for transformation, the transformation of the cultural media is not a hasty choice, but the strategic level of the future development direction of a reorientation." The core operation of the company's culture industry The current focus of the business is the TV drama investment, production and distribution, although the establishment soon, but the work has been in the market emerged. Amin Securities analyst, said that Suning globalThe acquisition of the Hong-yu film is "plug into the movie" Wings, "the company stopped taking land, and actively layout the cultural media industry this major strategic transformation, is expected to boost valuations." Times weekly reporter noted that the analyst report will be called "a film and television investment, artists brokerage, brand planning business as one of the whole industry chain movie Culture Media Group, its team creation and media relations in the industry have a strong competitive advantage, the company's investment in film and television dramas, in major local television stations, Record the first achievement of the ratings ". However, before Suning Universal announced the acquisition of News, film and television circle Hung-Yu is not a well-known company. Even the company's general manager Huan Yue, also in its April 24, 2013 Watercress Diary, said himself in a gathering of investors to introduce the company, "I think the strangers in this room certainly did not hear clearly also remember, this is not thunderclap piercing name." Suning World Securities Department after the suspension of the incident stressed: "The acquisition of Wang-Yu is only a listed company business transformation of an opportunity, this is only the beginning, regardless of whether the final acquisition of Wang-Yu, suning Global Transformation of the cultural industry's determination will not change, in the future, Suning Universal in addition to the film and television production, but also into the courtyard line, The final layout of the whole industry chain. "Su Ning global Aspect" the Check-out transformation, urgently enters the big cultural industry, is related with the real estate business slump. Suning World in 2009, 2010 radical Expansion, won many high prices, and then gradually become a "hot potato." According to the information disclosed by Suning Global, the 2013 fourth quarter of the settlement of Wuhu Project and Yixing project residential products gross profit margin is negative. and Suning Global October 15 issued a notice, said the company is expected to be the first three quarters of the listed company shareholders net profit of 20 million-60 million yuan, down 90.43%-96.81%. In addition, according to Suning Global 2014 interim report, the company realized operating income of 531 million yuan, down 84.22% per cent, to achieve the ownership of the listed company's shareholders net profit of 48.75 million yuan, down 92.89% year-on-year. After announcing the acquisition for up to 3 months, Suning Global said it would do due diligence on the Shanghai Wang-Ting Film Co., Ltd.