Chairman of the price of more than 6 billion yuan online to "create a rich artifact"

Plum Blossom umbrella renamed Tour Network online games into a "rich artifact"-the travel network announced last night, its backdoor plum Blossom umbrella officially completed, the plum Blossom umbrella from today, renamed as a tour network. The change of name marks the completion of the reorganization of the company, become a A-share board first game shares. Since last year, the concept of online games in the capital market "stir up trouble", listed companies have to share or buy online games companies, in the capital market set off again and again to create a rich myth. The industry said that the current domestic a-share hot spot, and online games because of its high growth, has become a major capital chasing the object, but a high premium acquisition has encountered industry doubts. This report (reporter Duan Chen Group, Zhou) today, the Plum Blossom Umbrella officially renamed as the Tour Clan network, causes since last October the Tour clan network borrows the shell to list the dust settles, but the network actual control person, the President Lynch, because holds 100 million stakes, the price is worth more than 6 billion yuan. Yesterday, the plum Blossom umbrella Rose 2.87%, closed to 60.90 yuan per share. Multi-stock ownership changes in the tourism network it is reported that in October 2013, the plum Blossom Umbrella announced that the company intends to sell all assets and liabilities, and the issue of shares to acquire Shanghai Travel Information Technology Co., Ltd. 100% equity. Its restructuring plan is that the plum Blossom umbrella to the chairman Lynch and other 8 of the transaction party non-public issue 193 million shares, the issue price of 20.06 yuan per share, the total price of the transaction is 3.867 billion yuan. And according to the plum Blossom umbrella released the combined earnings forecast report, January 2013 ~ August Tour Network revenue of 395 million yuan, net profit of about 163 million yuan. Tourism Network Commitment 2013 ~2016 year to achieve net profit will be no less than 286 million yuan, 387 million yuan, 451 million yuan and 522 million yuan, the annual compound growth of 22.21%. After the news, the plum Blossom umbrella starting from October 24, 2013, 6 consecutive trading. According to media disclosure, the Shanghai Tourism information was founded in 2009, the initial contribution of 10 million yuan, is by Dingpo, Lynch, Li Zhu and Ju Weisong 4 people jointly funded, its largest contributor Dingpo in 2010 sold all the shares, and then the tour of the information has been multiple equity changes. Online games still become rich machine after reorganization, Plum Umbrella Industrial Group Co., Ltd. is no longer the company's controlling shareholder, the company's actual control by the Susino changed to the actual control of the tour network, the president of Lynch, after the change in equity, Lin Qi shareholding 100.8653 million shares, accounting for 36.58% of the total equity. By virtue of holding a 100 million stake, the chairman of the president is worth more than 6 billion yuan. Since last year, the network game Enterprise has become the target that the capital market buys wildly. In May this year, the domestic PCCP industry leading dragon tube industry issued a notice, proposed to issue shares and pay cash in the way, the acquisition of the domestic mobile game developers of the 100% equity, the transaction between the two sides initially agreed to the transaction price of 3 billion yuan. It is reported that the main engaged in the development of mobile terminal games, the news released after the dragon tube industry for six consecutive trading day limit. This February, the newCountries announced that the proposed increase in cash to buy sports online games developers and operators Fant West, the transaction price of 840 million yuan. The new countries since February 21 after the card, 9 consecutive trading days trading. Analysis of the industry's high premium acquisition was questioned last year, including Datang Telecom, Huayi Brothers and love to make shares, Shun Yung shares, such as domestic a listed companies have been involved in the acquisition of online games, but the average high premium acquisition has encountered doubts. Some data show that the domestic market mergers and acquisitions in the general 3~5 times, overseas mature market mergers and acquisitions in the premium than the emerging markets are lower. But since last year, the premium rate (relative to book Net worth) of listed company mergers and acquisitions has generally been between 10 times times ~20 times, or even higher. There is an industry analysis that, although the current network game is a high-growth industry, high premium mergers and acquisitions are seen as a merger of the future performance of the game is optimistic, but the current domestic online games are very competitive, once the performance has not reached the initial expectations, which will be a listed company earnings pressure. News Links: Net Qin announced the results of the investigation of the stock price rise (reporter segment Chen group) yesterday, the Network Qin (NYSE:NQ) announced the independent Special Committee of the company on Muddy Water last year short report of the investigation results, the results show that the Network Qin no muddy water allegations of fraud. Spurred by the news, yesterday's trading, NetQin shares rose to 34%, a rally of 2.6 U.S. dollars. Last October 24, Muddy Waters issued a report, said the Network Qin in the business activities of fraud. The Net Qin then fought back and set up an independent special committee to investigate the matter and carry out investigations by independent lawyers. The investigation showed that the panel found no evidence that the network Qin had alleged fraud by the muddy Water company, and in order to check the allegations of Muddy waters last year, the independent investigation team conducted extensive investigations into the operations and financial records of NetQin, which lasted six months.