Company jointly Xin LE Asset Management Partnership Enterprises jointly to music as a result of new 500 million yuan

Absrtact: Has been Foxconn and Kai-Fu Lee's innovative factory stationed in the new music, and then won the holding shareholder music network increase. Le video network recently disclosed that the company jointly Xin Le Asset Management partnership to music as a joint venture to the new capital of 500 million yuan. Among them, the music network investment 405 million

has been Foxconn and Kai-Fu Lee's innovative workshop stationed in the new music, and then won the holding shareholder music network to increase capital.

Le video network recently disclosed that the company jointly Xin Le Asset Management partnership to music as a joint venture to the new capital of 500 million yuan. Among them, le Video net contribution 405 million, Xin Le capital investment 95 million yuan. Data show that the legal representative of Xin Le assets for the Lok-Vision network of enterprises under the music of the Interconnection Technology Development Co.

In particular, the Lok Vision Network will be 405 million yuan to pay for the new registered capital of 51.1148 million yuan, after the increase in investment accounted for the total amount of 58.55%. Xin Le Asset Management will be 95 million yuan to pay for the new registered capital of 11.9899 million yuan, after the increase in investment accounted for the total amount of 19%.

The capital increase, music to see the new shareholder Music Holdings Limited, Beijing Eyebrow Hung Technology Co., Ltd., Shenzhen Crown Tripod Construction Engineering Co., Ltd. to waive the right to give priority to the payment of capital.

Data show that the new main business is the internet Super TV sales and Internet set-top box sales. As at March 31, Lok saw new assets of 1.085 billion yuan, net assets of 293 million yuan, the first 3 months of business income of 474 million yuan, net profit of 88.0029 million yuan.

Although the performance is not ideal, but the new music has been favored by the market. After the founding of the new music in March, Kai-Fu Lee founded the Innovation Workshop to invest in shares, but the specific amount of capital and share of shares did not disclose. In April 2013, Foxconn's $130 million injection was regarded as a new 20% equity stake. At that time, the Lok Video network also to 100 million yuan to music as a new investment.

According to the music network, this increase makes the company continue to maintain the new holding power to music, so that the future can attract strategic investors through financing to achieve the goal of optimizing the ownership structure; On the other hand, Xin le assets as music as a new employee equity incentive subject, through the increase in capital to continue to maintain its share ratio, To facilitate the future of the new long-term equity incentive plan implementation.