Proposed an increase in the purchase of Gao Yang 63.65% equity High-hung stock Nuggets third party payment

⊙ reporter Huang 0 editor Wu Zhengyi borrow big shareholder "bridge" after two months, High-hung shares (000851, shares bar) want to "take all" high Yang Jiexun. The company announced today, to 7.65 yuan/share price, to the major shareholder of the Telecommunications Science and Technology Research Institute, Datang High-tech venture investment and other 10 shareholders issued 67.7634 million shares, the acquisition of Gao Yang Jie Xun 63.65% equity.　　Coupled with the previous cash acquisition of the Gaoyang 36.35% stake, High-hung shares will fully control the main network payment business company. According to the disclosure, Gao Yangjie Xun mainly engaged in the Internet micro-digital services trading business to provide Internet phone recharge service. Company customers are mainly divided into two categories: the first category is the need to digest phone recharge cards, but the inability to digest the Internet companies, such companies allow individual users to use the prepaid card to carry out shopping, storage value and other transactions, but they do not provide recharge services, high Yang Jiexun for this type of companies to provide prepaid card digestion services　　The second category is the need to digest prepaid cards, they also provide a charge to recharge the business of the Internet companies, in view of the professional and technical recharge business, usually outsourced such operations. In addition, high Yang Jiexun also has payment software business with third-party payment business. Among them, the wholly-owned subsidiary of Beijing 19 (19pay) is responsible for the completion of the GAO Yang Agile e-commerce Platform and the Beijing 19 easy E-commerce Platform for all online payment transactions. 19 paid in 2012 by the People's Bank of China issued by the third party payment license, the main face of personal users and enterprise users of two major categories of customers to provide collection, payment, clearing settlement services.　　High-hung shares said that the above business and the company's long-term development plan effectively fit. This June, High-hung shares announced changes to raise capital. According to the bulletin, the company changes the investment in the mobile value-added services to upgrade the expansion of the construction project of the remaining funds of 146 million yuan and digital new media content acquisition and operation of the project 123 million yuan, change the total amount of 269 million yuan.　　The main contents of these two projects are the most popular mobile games of the moment. Subsequently, the company will raise capital to change to 169 million yuan to buy Gao Yang Jie Xun 26.406% of the equity, the price of the replacement of 54.70 yuan/registered capital, and increase capital of 100 million yuan, after the completion of the increase in the shareholding ratio of 36.351%.　　Another parallel arrangement is that the company's holding shareholder Telecommunications Research Institute, the holding shareholder's Enterprise Datang venture capital, Hainan Fund and unrelated third Fang Banhan and Gao Yangjie Xun Zengdong Wei and other original shareholders signed an agreement, the above shareholders held by the GAO Yang 34.45% of the equity. It is noteworthy that the acquisition of Gao Yang, the remaining 64% per cent of the price, equivalent to 60.20 yuan/registered capital, compared to the previous transaction price (54.70 yuan/registered capital) higher than 10%.　　The company said that due to the company's rapid increase in Gao Yangjie 100 million yuan, the target company's net assets increased, plus high Yang Jiexun performance in January-July this year better than the forecast, so the valuation has increased by 26.21%. However, some market participants believe that such a premium reasonMore far-fetched, "with their own money to purchase the target of capital increase, buy back to spend money?" This is essentially a benefit compensation for the provider of the acquisition loan. ”