Guangdong media set to increase 340 million shares to buy Guangzhou daily 3.8 billion yuan assets

NetEase Finance November 30 News Guangdong Media Tuesday Evening issued a notice, the company intends to Guangzhou Media Holdings Limited issued shares to buy its holding three companies 100% shares, the underlying asset price of 3.832 billion yuan. The acquisition report shows that Guangdong media to Guangzhou Media Holdings Limited 340 million shares, the purchase of its holding Guangzhou daily newspaper Business Co., Ltd., Guangzhou Dayang Media Co., Ltd. and Guangzhou Daily New Media Co., Ltd. 100% Equity, the target asset price of 3.832 billion yuan.　　As the company implemented the 2009 annual 10 allocation of 0.20 yuan dividend program, the issue price from 11.26 yuan/unit adjusted to 11.24 yuan/share. Before the acquisition, Guangdong Media Total equity of 350,161,864 shares, the media did not hold the Guangdong media shares, Guangdong Media holding shareholder for the ocean industry, the actual control of the Guangzhou daily newspaper, the acquisition is completed, the total share capital of Guangdong Media will be changed to 691,090,254 shares, the media will directly hold the Guangdong media 340　　, 928,390 shares, accounting for 49.33% of the company's total equity, become Guangdong Media holding shareholder.　　As the Guangzhou media subordinate wholly-owned subsidiary Ocean Industry directly hold 132 million shares, accounting for 19.12% of the total number of shares, so the direct and indirect shareholding in Guangzhou increased to 68.45%, the actual control of Guangdong Media is still Guangzhou daily. Guangdong Media said that the reorganization and acquisition, the broad media to inject assets into the overall operation of stability, a clear market positioning, profitability is strong, is the Guangzhou Daily News Society subordinate quality assets, asset injection can improve the quality of the media assets, improve the company's profitability level.　　After the successful reorganization, Guangzhou daily newspaper Press printing, distribution, advertising and other upstream and downstream industry chain will be better integrated, to reduce operating costs, improve economic efficiency, at the same time can significantly reduce the proportion of related transactions, improve the independence of listed companies. In addition, the Board also agreed that the company to the total amount of not more than 50 million yuan to purchase new shares of private funds, participate in public offerings of listed companies and non-public issues of stock items, and authorized the management of the company to implement.