Full-pass education 1.05 billion acquisition teacher online training platform

The full pass education today discloses a major asset acquisition scheme, which is intended to acquire the Beijing Relay Network Technology Co., Ltd. (hereinafter "the Teaching Network"), Xi ' an, and the acquisition of supporting funds, with a total transaction of 1.13 billion, by issuing shares and paying cash. The programme shows that full-pass education is intended to buy 100% per cent of the 1.05 billion price. In cash, the payment of 50% of the transaction, the total cash of 525 million yuan, the issue of shares in the way of payment of 50% of the transaction, the issue price of 82.87 yuan/share, the total number of issued shares of 6.3352 million shares. At the same time, the full-pass education to 80 million yuan for the purchase of Xi ' an acquisition of 100% shares. The cash payment of the transaction is 40% of the price, a total of 32 million yuan in cash, the issue of shares in the way to pay 60% of the transaction, the issue price of 82.87 yuan/share, the total number of issued shares of 579,000 shares. In addition, listed companies will be to Heng Rui Tian Hua, the People's Livelihood stability 3rd, Zhang, Mo Jianbin, such as 4 specific investors issued shares raise supporting funds not more than 283 million yuan, used to pay the purchase of the underlying assets part of the cash price. Information indicates that secondary education network is the largest K12 (primary + secondary) Basic educational teachers online training platform, mainly through the Internet and other information technology means, for the national primary and secondary school kindergarten teachers and Principals (head) to carry out academic and non-academic training, its business in 31 provinces, accounting for the national primary and secondary school teachers distance training 50% Above market share. Full-pass education said that if the acquisition of the secondary network, will realize the country, province, city, school 4 layers of channels cover, form from teacher training to students learn the complete product chain, to achieve online education business from the Internet to mobile interconnection of the line through. At the same time, will speed up the company teacher Service platform construction, through the various services and the application of school connections, to achieve the full pass product matrix vertical and horizontal layout. The acquisition of the other Target XI ' an IS engaged in education information services, the Internet company, its development oriented K12 basic education products "Home school instant pass" daily live rate of 17.79%, 7th retention rate of 69.43%. If the acquisition succeeds, will be to the whole education business cooperation pattern diversification, the business region, the product line, the service market expansion all has brought the certain synergy, speeds up the intelligent campus construction and around the school circle and the class circle Internet community operation, effectively promotes the company stock user's active degree and the stickiness.