The Huayi Brothers ' merger case was suspected to have been leaked to several funds in advance

June 3, Huayi Brothers (300027.SZ) of the original shareholder MA [micro-BO] is nearly 100 million yuan; June 4, the company released the first half of the performance forecast, said the first half of the company net profit growth up to 300%, but in such a good announcement did not offset the "negative impact" of Ma's reduction, The company's share price plunged 9.59% and Huayi Brothers chose to suspend business on the second trading day. July 24, Huayi Brothers re-licensing, announced that it intends to start the targeted additional refinancing, the acquisition of Domestic hand tour company Silverside Technology, the stock price so a word closure, and three consecutive trading day opened a word to stop. The fourth trading day, that is, July 29, the stock trading, the final rise in 9.08%, July 30, the plate to 42.52 yuan. And before that December 11, 2012, Huayi Brothers, issued a clarification notice that the economic Observer reported that the company "is likely to start in 2013 to launch a major merger and acquisition of the" statement "is not accurate", and said, "There is no direct additional way to carry out major mergers and acquisitions of a clear plan." July 30 Huayi Brothers plate of the highest price of 42.52 yuan, compared to December 11, 2012, the closing close of 12.77 Yuan, the rise has more than 323.97%. In all the way brokerages sing loudly, Huayi brothers "secret and Shang" capital Feast opened the table, in this game of capital, who is the pot full of money? Cross-border mergers and acquisitions July 24, Huayi Brothers announced plans to buy 50.88% stake in Silverside Technology, with the help of the concept of the market heat wave, Huayi Brothers in the four trading days after the recovery, the stock price soared 45%. Huayi Brothers to spend 672 million yuan to become the first major shareholder of Silverside technology, and to this end set up a directional additional program, to 29.43 yuan/share price to not more than 10 special object of additional 7.61 million shares refinancing, plus its own capital of 448 million yuan. Huayi Brothers claimed that, in addition to the acquisition can increase the company's performance, Silverside technology game business can also and the company's original film and television business in the planning, promotion and other aspects of the synergy effect, enhance the project profitability. According to Huayi Brothers Bulletin, Silverside technology main mobile value-added services and mobile network game development and operation, in the field of mobile gaming has a decade of experience and the success of the successful products, the same industry competition in the market share of 5.9%, after the market share of Tencent 9.4%. According to preliminary estimates, Silverside Technology 2013 1-June to achieve operating income of 95.1766 million yuan, net profit of 53.1044 million yuan. At the same time, Silverside technology shareholder Commitment, 2013, 2014, 2015 will achieve net profit of 110 million, 143 million and 185.9 million respectively. In addition, Huayi Brothers and Silverside Technology signed a gambling agreement, if the three-year performance did not meet the target, silverside technology to make compensation. In fact, the Huayi brothers showed their interest in the Cross-border gaming industry as early as 2010 years ago, and in June, Huayi Brothers invested 149 million yuan in Palm technology (300315.SZ)As the second largest shareholder of the company, it has now received a surplus of $1.4 billion. However, Huayi Brothers in the past one months, has been three times through the bulk of the trade to reduce the palm of the technology, the cumulative set of 378 million yuan. The investment was just a financial investment in a stake, while another investment by Huayi Brothers in the gaming industry ended in failure. December 8, 2010, Huayi Brothers with its IPO super raise funds 75 million yuan, the acquisition of Beijing Huayi Giant Information Technology Co., Ltd. 51% stake, thereby into the online gaming industry; In addition, Huayi Brothers to 25 million yuan for the price of the game "King of Kings 3" complete knowledge industry and commercial operation right. Although Huayi Brothers board chairman Zhongjun and Giant Network [Weibo] the Chairman of the Board of Directors Shi Yuzhu [micro-blog] is a high-profile claim to optimistic about this cooperation, but the Huayi giant is not only not profitable, but successive losses. In the end, the Giants paid 77.1 million yuan to buy back the shares held by Huayi Brothers. In this respect, the giant network's CFO, Zhang Ying, said, "Huayi Brothers want to be able to expand their business to online gaming operations, after two years of attempts, Huayi brothers found that the area is not their strength." "The leak suspicion as Zhang Ying said, Huayi brothers into the online games is to come and go hastily, the reason for its exit is" the game field is not a strong point. "But this directional additional financing acquisition hand tour company, in the expression of Huayi Brothers, once again presented a" rush. Huayi Brothers Dong Hu Ming said Zhongjun "The first meeting with Silverside science and technology team was in Beijing, June 5." "That is to say, from the beginning of the two sides meet, to the July 24 of the licensing claim to enter the hand tour, Huayi Brothers from contact, to negotiate, to the decision, to the designated acquisition plan, only two months less than the time, it is" flash. Hu Ming also stressed that Zhongjun and Silverside technology meeting was after the company's stock suspension. In fact, there are indications that the big merger of Huayi Brothers is not as hasty as the previous takeover of a gaming company. At the end of November 2012, because of the negative impact of the key turmoil, Huayi Brothers plunged in shares, two trading days, its market value evaporated 1.3 billion yuan. Huayi Brothers then held a conference call on December 3, "stability" institutional investors. According to Liao, a senior securities researcher at the conference, "the company's management said at the meeting that it is possible to launch the directional issuance in 2013 to complete the major mergers and acquisitions." "The economic observer was on a conference call to give an exclusive report on the major mergers and acquisitions that Huayi brothers were likely to launch in 2013, but the Huayi Brothers later issued a clarification that said the company was" not accurate "in its statement that it" could launch a major merger in 2013 ", declaring that" At present, the company does not exist in the direction of additional ways to carry out major mergers and acquisitions of the clear plan. The clear and ambiguous announcement of Huayi Brothers is more like a tightly worded word game. The announcement only stated that the report was "inaccurate" and only emphasized "at present ... does not exist. The Huayi brothers did not give a clear answer as to whether the 2013 will start a major merger and acquisition of the targeted additional refinancing.But the final fact proved that Huayi brothers first to Liao, such as disclosure of 2013 years or will start the directional additional use for mergers and acquisitions, in fact, there are plans. In addition, another source said that Huayi brothers the merger of the sponsors and financial advisers-Citic investment, ahead of time to predict the merger plan, and leaked to a number of funds in advance. In this respect, CITIC Investment research and Development Center General Manager Zhou Jintao to this "rumor" said rumors is pure nonsense. However, Citic Investment in a study report of January 28 this year, but leaked the "secret". "The future Huayi Brothers is expected to buy and invest 5-10 companies, with a stake of around 5%-60%, with a total investment of 900 million yuan," the brokerage report said. "Who made it?" In any case, the current share price of Huayi Brothers has more than 40 yuan, compared with less than 30 yuan, has been floating 33%, that is, as long as the participation in the issue of subscription, there will be more than 30% of the floating in the hands immediately. Huatai Securities, an investment banking department, predicted that the current share price surplus so much, the issue has been "no worries to send out". On December 3, 2012, the Huayi Brothers held a conference call on institutional investors after the stock price crash, and the Fund's investment increased. Huayi Brothers 2013 Quarterly show, the company's top ten circulating shareholders, the Chinese business Department of China's leading enterprises, Chinese business dynamic alpha respectively increased by 932,000 shares and 352,100 shares (Chinese business Department of these two funds are in the fourth quarter of 2012), The Chinese business strategy picks up to 5.6003 million shares of the stock capital to leap into the company's nineth largest circulation shareholder, as of the end of the first quarter, the Chinese business department through its three funds to become Huayi Brothers in the true sense of the first large circulation shareholder; In addition, the great wealth, Huatai boberry Two funds also in the first quarter into the Huayi brothers among the top ten shareholders of the list. In the second quarter of 2013, nearly 40 institutions recently increased their holdings of Huayi Brothers, one of which is the selection of 8.8869 million shares, the cumulative holding amount of 254 million yuan (Huayi Brothers 2013.5 Annual report has not yet been officially released). December 11, 2012, Huayi Brothers to the Economic Observer report issued a clarification bulletin of the first day, its share price closed at 12.77 Yuan, to July 30, the plate has been 42.52 yuan, the highest increase over twice times. And the way to push Gao Hua Brothers share prices, is precisely the funds. Hui Bo Investment Information website retrieval learned that in the past three months, the various dealers issued Huayi Brothers Research Report 29, in addition to a neutral rating, others are buy, overweight rating. It is worth mentioning that, May 17, the researcher, who released the neutral rating study for Huayi Brothers, is precisely the "early disclosure" of the Huayi Brothers ' research on Liao Securities, which is scheduled to start the Liao in 2013, but on July 25, "the crowd" corrected the Huayi brother's rating to "buy". Shenzhen Stock exchange information revealed that the public trading, in the collective singing Gao Hua brothers, institutional investors but choose every high reduction. July 29, the top five of the three institutional seats sold on the day of the list;July 25, there are three institutional seats on the list to sell the largest number of the top five. and June 4, the last trading day before the suspension, but also the three seats on the same date in the largest amount of the top five. In addition, when Huayi Brothers ' shares rose more than 330% per cent, the Huayi brothers ' own friends frequently cashed in the stock market. First, the company director of the Shong of the mother to reduce the set is now 45.9424 million yuan; then May 24 and 27th, the director Wang Zhenglei [Weibo] The cumulative set of 177 million yuan, the previous one months, Zhongjun in Boao Forum has said that they will not reduce their brothers in the short term of their own stocks; June 3, the company vice Chairman Ma Yun is 30.32 yuan per share of the price of selling 3.0887 million shares, set now 93.6494 million yuan, MA claimed that in the next 12 months, do not rule out the possibility of further reduction.