Divine Information acquisition of agricultural information service providers

Each intern reporter flush

Following the JAC Power (000816, closing price 4.33 yuan) announced the acquisition of Shanghai Agricultural Information Technology Co., Ltd. 60% stake in A shares to become the first listed company with agricultural information business, Divine Information (000555, the previous closing price of 22.3 yuan ) Also plans to expand its business to rural informatization by acquiring Beijing Zhongnong Cinda Information Technology Co., Ltd. (hereinafter referred to as Zhongnong Xinda).

"Daily Economic News" reporter noted that although Shenzhou Information acquisition of middle peasants Xinda enjoyed a 68 times high premium, it also gives a net profit up 5x performance commitments.

Acquisition of agricultural information service providers

Suspended for more than two months of disclosure of Divine information disclosed today, the company intends to issue shares and pay cash to buy 100% stake in the middle reaches of the letter, while planning to raise matching funds not exceeding 237 million yuan. The company's stock will resume trading today.

According to the plan, Shenzhou Information will purchase 70% of the shares of Zhongnongxinda held by seven middle peasants, Sinotung and Fidelity, by way of issuing shares with the price of 24.22 yuan per share; and purchase the middle peasants held by the aforesaid parties in cash Cinda the remaining 30% stake. Based on this calculation, Shenzhou Information intends to issue shares of 25.0220 million shares to 7 people including Feng Jiangang and pay cash consideration of 213 million yuan. At the same time, the company also intends to issue shares to no more than 10 other specific investors to raise matching funds not exceeding 237 million yuan, will be used to pay the transaction cash consideration.

"Daily Economic News" reporter learned that middle peasants in the field of rural information development for many years to agricultural series of software as a starting point to serve the three rural as the goal, and gradually developed into a series of rural software development, rural geographic information services, Nongyun platform for the operation of high-tech enterprises, is the strength and professionalism of the most comprehensive rural information service providers. Currently has 55 series of software copyright with independent intellectual property rights, including e-government in rural areas, e-commerce and other rich product categories.

Divine Information said the company has basically completed the layout of urban information, this time through the extension of the development of ways to integrate the relevant resources, the company will quickly complete, including the rural e-government, rural geographic information services and operations of the Nongyun platform Relevant rural areas of strategic information layout.

The transaction party promised 6 times performance increase this year

"Daily Economic News" reporter noted that as of December 31, 2013 as the pre-assessment base date, the net book value of 100% equity of Zhongnong CINC with a book value of 10.2218 million yuan, a forecast value of 711 million yuan, the estimated value-added Rate up to 6855.72%.

In addition, the announcement shows that the unaudited net profit of Zhongnong Cinda for 2012, 2013 and January-March 2014 was -27.339 million, 7.7278 million and -104.52 million respectively. The performance of the transaction party for this cooperation is promised that the net profit of Zhongnongxinda from 2014 to 2016 will be 44.5 million yuan, 66.75 million yuan and 100 million yuan respectively. This year's net profit to increase nearly 5 times on the basis of last year.

Why has the confidence of middle peasants believe so?

Divine Information Bulletin explained that before 2012, middle peasants Cinda mainly to technology accumulation and development, sales of rural series of software-based, smaller companies. With the launch of the nationwide rural land ownership business in 2012, with its years of expertise and client resources accumulated, SINOMACH has quickly seized the opportunity of market development and started to enter the rural geographic information service in 2012. In 2013, Share gradually expanded, profitability began to show.