China News Software announces HK $260 million acquisition game company heroic Coronet

December 10 News, the latest constantly has a a-share company to join the ranks of the merger and acquisition game company. China News Software announced today, to the third party to buy 260 million Hong Kong dollars (about 200 million yuan) heroic coronet.

China News software to pay the funds, 60 million yuan will be issued at the price of shares to pay 0.8 yuan, compared to Monday (8th) The closing price of 1.27 yuan discount 37%, issued shares accounted for the enlarged capital 5.39%.

According to the gambling agreement, heroic coronet needs to have a profit of not less than 60 million after 2015, and the number of shares will be lowered to the same amount as the product of the difference between 75,000,000 shares and 60 million yuan and the net after-tax profit in 2015, Divided by 60 million yuan (adjusted to the nearest thousand); If above 60 million, the number of shares will not be adjusted.

The company has been looking for opportunities to gain potential and improve long-term growth, China News software said. To further develop and expand the business scope of the group, taking into account the potential of the mobile gaming industry, the Board considers that the terms of the Equity acquisition Agreement are fair and reasonable and that the acquisition is in the interests of the company and the shareholders as a whole.