Shenzhou Thai Yue acquisition Hand travel company: 27 times times the premium for 1.215 billion

Original title: Shenzhou Tai Yue Reorganization Scheme released a premium of 27 times times the purchase of hand tour companies involved in the hand tour of the listed companies today and a number of one: More than a month's suspension of the Shenzhou Thai Yue (300002, the former closing price of 19.34 Yuan) finally announced its acquisition plan, as the market expected, the company's acquisition direction chose the hand tour. "Daily economic news" reporter noted that the Shenzhou Tai Yue is also to spend heavily into the field of hand travel, the company intends to issue shares and pay cash to acquire mobile game development operators Tianjin Shell 100% stake, the transaction price reached 1.215 billion yuan. 1.215 billion yuan purchase Hand tour company today, the results of the restructuring of the Shenzhou Tai Yue, the company wants to issue shares and the use of funds to acquire Tianjin Shell. It is noteworthy that the Tianjin Shell has been established for less than one year, the company for holding companies, in addition to holding 100% of Beijing shell, there is no other actual business; Through the transaction into the company's business by the Beijing Shell and Wood management. Therefore, the assets purchased by the company in essence are the rights and interests of Beijing Shell and Wood. The announcement showed that the Tianjin Shell 100% Equity stake in the pre-valuation of about 1.217 billion yuan, the two sides negotiated to determine the transaction price of 1.215 billion yuan. Shenzhou Tai Yue to Tianjin Shell all shareholders issue about 45.7052 million shares, the issue price of 17.23 yuan/share, while paying a total of about 428 million yuan in cash. After the completion of the transaction, Tianjin Shell Wood will become a wholly-owned subsidiary of Shenzhou Yue, Beijing Shell Wood as a business entity, will become the company's Sun company. According to the information, Shell and Wood software as the company's business development platform for the development and operation of mobile games, has included the strategy based on LBS mobile network game "small Empire (Littleempire)" as well as the puzzle casual game "Spacephysics", "blowup" such as 12 game products. Shell Wood software flagship product "Small Empire" and its billing plug-in in 37 countries or regions GooglePlay platform rankings into the top 10 best-selling list. As of June 2013, the game in the first half of 2013 monthly recharge amount reached 9 million yuan. As of June 30, 2013, Tianjin Shell Wood total assets of 46.3741 million yuan, net assets of 43.4286 million yuan; 2013 1 ~ June, Tianjin shell and wood business income of 41.1867 million yuan, net profit of 33.6303 million yuan. In the face of high premiums, China Thai Yue said optimism compared to the above 43.4286 million yuan of net assets, the acquisition price of 1.215 billion yuan, compared to the base day value-added about 26.98 times times. The company for value-added reasons that the value of the Tianjin shell is higher than the book Net worth, mainly because mobile games in the global scope has a good development space, Beijing Shell and Wood in recent years, rapid growth in business development, profitability and rapid improvement in the future development prospects better; Beijing Shell Wood has strong game research and development strength and brand influence, forming a strong market competitiveness. "Daily economic news" Reporter noted that the core of Tianjin Shell WoodPersonnel to 2013-2016 years four years of operating performance commitments, 2013-2016 years of commitment to net profit of 80 million yuan, 110 million yuan, 150 million yuan and 200 million yuan, otherwise the assignor will be equity and cash compensation. Interestingly, although the premium is as high as dozens of times times, the Shenzhou Tai Yue is optimistic about the prospects for the takeover. The company says the mobile gaming business is an important part of the company's Internet business strategy, through this transaction, the two sides will realize the technology, product, market and operational experience of resources and information sharing, to enhance the development of Internet products including gaming capabilities and experience, expand the game product line and market coverage. In addition, through this transaction, can let the Shenzhou Tai Yue quickly cut into the mobile gaming industry, can effectively grasp the market development opportunities, the formation of new profit growth point, to achieve a further increase in the company's profitability level. At the same time also make the company's own internet business diversification.