Day tour software is accused of inflated profits seven cool network litigation dispute

Listed less than 3 years, the main business for the automotive plastic parts century Huatong (Quotes, interrogation), suddenly announced to enter the game operations, development. At the end of January, Century Huatong announced that it planned to acquire 100% equity interests in Shanghai Tianyou Software Co., Ltd. and Wuxi Qiku Network Technology Co., Ltd. by way of a combination of issuing shares and paying cash. The purchase prices of the two gaming companies were 950 million yuan and 850 million respectively, amounting to a total of 1.8 billion yuan. After the reorganization is completed, Tianyou Software Chairman Wang Wei and Qiu Kuo, Chairman of the Network Shaoheng will hold respectively 12.13% and 15.42% of Century Huatong, the two instantly achieve hundreds of millions of net worth, of which Shao Heng was born in 1985 in 80 Rear. After the program was announced, Century Huatong consecutive daily limit of 8 trading days. February 10, Century Huatong suspended self-examination. Skyfire software and seven cool network in the game industry is not well-known enterprises. This time the valuation of 1.8 billion in the industry triggered a great controversy. Tencent Games told a reporter told the Times Weekly, such as day tour software companies rely on agency survival game, does not have much development prospects, and there is a significant increase in profits of the suspects. Century Huatong huge acquisitions, it is amazing. The seven cool network industry is facing a dispute over the grand network. It is noteworthy that, including Shi Yuzhu control Shanghai Giant Venture Capital Co., Ltd., also appeared in the additional list of Century Huatong. The acquisition of Century Huatong, perhaps itself is a "capital game." Sky travel software hair history Shi You travel software was established in 2004, the initial shareholders of Shanghai Venture Capital Co., Ltd. and a natural person Feng Tao. April 2005, Feng Tao will be held by the days of software 20% stake transferred to Wang Wei, Wang Yi since then into day tour. Wang 佶 born in 1971, Hangzhou, has the right of abode in Singapore. According to his early years readme, his business started in 1999, before entering the game industry, has been engaged in Internet advertising. Although afterward, Tianyou Software has undergone several equity transfers and capital increase, the share held by Wang Tianyu has remained at 20%. In June 2011, Tianyou Software Capital Increase, the new registered capital of 15 million yuan subscribed by natural persons Tang Qiqing, the shares held by Wangpi diluted to 8%. At that time, Wang Tuan and Tang Qiqing signed equity agreement on gambling. If Tiantu Software net profit reached or exceeded 60 million yuan from June 2011 to June 2013, Tang Qiqing will transfer the shares held by it at a price of RMB1 per registered capital Day tour software 25% stake in Wang 佶, on the contrary Wang 佶 8% stake will be transferred to Tang Qiqing. Tang Qiqing spent the last three years as investment manager of Hangzhou Lianchuang Investment Management Co., Ltd., legal representative of Shanghai Zhifu Investment Management Center and general partner of Hangzhou Yuusuo Investment Partnership (limited partnership). In March 2013, Lu Ning, the former shareholder of Tianyou Software, "transferred 27% of the shares of Tianyou Software to Shanghai Yunyou controlled by Wang Bin for the reason that the family emigrated overseas and is anxious to end its domestic operations. The rest 5% equity transfer to natural persons Ren Hui. Ren identity as Shanghai Meihua Information Co., Ltd. CEO. In December 2013, in accordance with the agreement on betting at the time of shareholding, Tangqi Qing, the shareholder of Tianyou Software, transferred its 25% equity interest in Tianyou Software to Wang Yi. Wang Kui at the same time transferee 27% stake in Shanghai Yun Friends, since 60% of the shares, becoming the actual controller day tour software. Tang Qiqing, Ren Renhui held 35%, respectively, 5%. Sky travel software registered capital of 25 million yuan, according to the acquisition price of 950 million yuan, the price per share has been as high as 38 yuan, Wang Ying net worth 570 million yuan. In accordance with the century Huatong 8 limit of 15.64 yuan after the price, the shares held by the value of 970 million yuan. As early as October 2013, Century Huatong has been suspended, the days of software through the Century Huatong almost certain. At present, the days of travel software directly control the sky travel information, A7Soft two subsidiaries, days tour software employees only 130 people. In fact, the development of software days did not go well. On August 10, 2010, "Sky Travel Group" broke out the conflict between the board of directors and the CEO. It disclosed that "file disclosure of the top contradictions of day-to-day conflicts between the chairman of the board and the CEO of the board of directors was once a hot topic in the game industry." In accordance with the remarks of the king of the year, day tour founder, including Deng Runze, Wang Wei, Yong Yan. In May 2006, it accepted investments from Giga Media, which held a 14% shareholding. Since then, the contradiction between the shareholders has intensified. The founders kept leaving. The shares were kept away from the letter. In early 2007, President Zhu Weilian and others left the company. In early 2008, the founder Deng Runze and 郦 Yanqing were also forced to leave. However, these were not disclosed in Century Warton's "Plan of Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds and Related Party Transactions". "Street basketball" performance water? Skyfish Software has been established for almost 10 years and its revenue mainly comes from a game called "Street Basketball" operated by its agent, accounting for more than 95% of its overall operating revenue in 2013. "Street Basketball" (English name "Freestyle", referred to as FS) is a 3D casual game based on the basketball bullfighting game developed by JC Entertainment, a famous Korean online game development company. In 2005, Sky Games Software won the title of "Street Basketball "Exclusive agency. "Street basketball" agent operating rights expire June 30, 2014. Skyward software to continue the agency operation of the game, you need to negotiate a contract with the game renewal, but the successful renewal and the renewal deadline there is uncertainty. Century Huatong "issued shares and pay cash to buy assets and raise matching funds and associated transactions plan" (hereinafter referred to as "trading plan") said: As of December 2013, "Street Basketball" cumulative registered users of more than 115 million people, the total game Water more than 1 billion yuan, has become China's Internet games the longest running sports and leisure games. The operating revenue of Tianyou Software in 2012 and 2013 were 176.4568 million yuan and 198.2019 million yuan respectively (the above figures were unaudited), and the net profits attributable to the shareholders of the parent company were 39.3687 million yuan and 61.0138 million yuan respectively (the above figures were unaudited) Operating income, net profit showed a sustained rapid growth. However, a person responsible for online games in Tencent told reporters that there is a skyrocketing software days skyrocketing a major suspicion of profits. "Net Travel Software almost doubled its net profit in 2013. It should not have been possible to play the game" Street Basketball. "Old Games Glow The second spring is rare unless there is any real renewal, and basketball games in this area Difficult to expand. "In fact, the" trading plan "also said:" The prevalence of online games life cycle, "Street Basketball" since 2005 online operation has entered a stable income, the expected future is still days tour software Of the major sources of income. "In the game industry figures, stability means that the growth sluggish, from a perspective, or even represent the dusk. "Street basketball" is now a mess, no one dared to pick up, Netease asked do not ask why this? Just because FS can not attract new players. 天 游 actually sold 950 million yuan astronomical, earn big, Not worth the money at all. "Another insider said. Pursuant to the performance commitment, the net profits attributable to the parent company of TianYou Software for 2014, 2015 and 2016 were approximately RMB90 million, RMB110 million and RMB140 million, respectively. To industry insiders, it is almost impossible to accomplish this growth with software that is almost entirely dependent on a game agent for "Street Basketball". The day tour software claims 115 million registered users, there is the possibility of water. According to the Transaction Plan, the leisure client network games engaged by Tianyou Software account for about 1/3 of the overall client game market, while the number of Chinese client network game users is only 140 million in 2012. Seven cool network was sued by Shanda Network Seven cool network situation is also similar to day tour software. Seven cool network was established in October 2008, the actual controller has been Shao Heng. Shao Heng was born in 1985, Wuxi, Jiangsu Province, graduated from Shanghai Jiaotong University. When he was chairman of the Qixu Network, he was only 23 years old. Like SkyTest Software, the Qiku Network, which has undergone several equity changes, raided the shareholding changes even as Century Huatong suspended its restructuring. On October 29, 2013, Wang Jianzhao, the shareholder of the Company, transferred 30% equity of the company it held to Shao Heng at the transfer price of RMB3.83 million. In November 2013, the seven cool network increased 555,600 yuan. God Interactive 25 million subscription of seven cool network new registered capital of 555600 yuan. In addition, God also interactive interactive price of 15 million yuan transferee God Interactive shareholders Zhu Ye directly holds a 5% stake in the network of seven cool. Since then, Shao Heng holds 85.26% of the network of QTC and Tencent Interactive holds 10%. Cai Weiqing, a vice president who was born in 1982, holds the remaining 4.74%. It is noteworthy that, almost simultaneously with the restructuring of Century Huatong, the god of the game interactive company is also in the process of reorganization Crown Wood (Quotes, inquiries). After the disclosure of the restructuring plan, Section crown wood industry for 13 consecutive trading day limit. Unlike the days of the main game software agent, seven cool network since its inception has been focused on web game development. In 2013, the revenue from Qiku Network mainly benefited from the "War of attrition" developed by Qikuang Network. The revenue from the single game was 25.23 million yuan, accounting for the vast majority of the revenue from Qikuang Network. Times weekly reporter found that it happens that this seven cool network survival game, just a litigation dispute. In November 2013, Shanghai Shanda Network Development Co., Ltd. filed a lawsuit to Shanghai No. 2 Intermediate People's Court for unfair competition, demanding that the company be ordered to stop infringement and unfair competition immediately and to stop making, promoting, operating or licensing Others operate infringing online game "war of horrors" and stop using the "war of blood" name of the game, and bear the corresponding costs of litigation. If Shanda's claim is supported by the court, there is a risk that the main product of Seventh Cloud Network will face the end of operations and will adversely affect its operating performance. Once the seven cool network lost, its performance will be plunged. Informed sources have revealed that the traditional manufacturing enterprises Century Huatong, why days with the software and seven cool network marriage, and General Manager Wang Yifeng century Huatong related. Wang Yifeng, born in 1984, is the son of Wang Miaotong, the actual controller of Century Huatong, and has no gap with the game industry. "Century Huatong Tianyou software acquisition, the real concern may not be performance, but the concept of implantation of the game." Zhejiang familiar with a merger of capital markets, told reporters. After the announcement of the acquisition plan, Century Huatong consecutive daily limit of 8 trading days, seems to confirm this statement. In July this year, Century Huatong listed three years, 13650 shares of the original shares are about to usher in the tide of lifting the ban.