The same page tour company, the situation ice fire double Day

Page Tour market ice fire two days Forgame listed 37wan helpless sleeve now

This car forgame Hong Kong listed in the Heat, the van 37wan committed to auto parts manufacturers. The same is the page travel company, the situation ice fire twofold day. In the absence of an independent listing, the company sold a good price, the Abacus played both shrewd and helpless.

October 9, Shun Yung shares issued a notice, will be 1.925 billion yuan to buy a page tour company 37 play 60% of the shares. In this calculation, the 37wan valuation reached 3.2 billion. This number is the first half of this year's former buyers Datang Telecom's bid exactly the same, but the buyer replaced another one to produce auto parts of the domestic a-share listed companies Shun Rong.

It cannot be said that 37wan sold a good price, but it is still a little less than the forgame of 25 times times the P/E ratio. The acquisition premium is about 15 times times the price of the current 37wan acquisition and the demand for 37wan in 2013 for net profits in the betting agreement.

At present, 1.42 billion of the market capitalisation of Shun Yung shares to buy 37wan cost 1.925 billion, p/E ratio as high as 14.5 times times. The announcement shows that shun Yung shares to 37 play President Li Weiwei and CEO has issued shares and paid cash acquisition of its 37 play 60% stake, Li Weiwei to transfer the 28% equity price of 896 million yuan, has opened a day to transfer 32% equity price 1.024 billion yuan.

In April this year, Datang Telecom issued a notice, plans to issue shares and pay cash to buy Shanghai 37 play Network Technology Co., Ltd. (37 play Network) all or part of the equity.

and Datang Telecom in the "gossip" before the 37wan had a "broken" in the listing dream. Insiders pointed out that the 37wan business structure in recent years has always been flawed, although the surface scenery but lack of research and development and its own users, and there is no VC operation, independent listing more difficult. "Taking advantage of the domestic game, selling a good price is also a smart deal," false said. However, this is a disguised listing, the future pressure is not small, the good thing to rely on intermodal goods to the ' whale '. ”

The announcement shows that 37wan and Shun Rong Holdings signed a gambling agreement, agreed 37wan in 2013, 2014, 2015 and 2016 four years of net profit can not be less than 220 million yuan, 300 million yuan, 360 million yuan and 432 million yuan.