Tian Ze information reborn dream broken: or insider trading performance down 90%

A paper suspended review of the bulletin, so that information (300209. SZ) The prospect of reorganization casts a shadow. July 18, Tin ze Information bulletin, due to the reorganization of the relevant party suspected of violating the law, the company's reorganization application was suspended for review. In the ensuing days, the information stock plunged 7.98%. "In the process of reorganization, there are related aspects of the investigation, it is likely to be suspected insider trading, this is the most common." "A private-equity person in Shenzhen to the financial weekly (micro-public number: Money-week) reporter Introduction. In fact, the company's performance has been hard to pick up since 2011, and 2011-2013, the net profit of the information is 55.6 million, 5.24 million and 8.32 million respectively. and tin ze Information Acquisition Object--the 2012 and 2013 net profit of Friends group is 2.76 times times and 2.48 times times of the same period. This reorganization can be seen as the days of information rebirth journey. However, all this may be halted by a moratorium on restructuring. Relevant party or insider trading, the reorganization of the July 18 night, the Days ze Information Bulletin, the company received notice of the SFC on the same day, due to participate in the reorganization of the relevant parties suspected of violating the law was checked, the merger and reorganization of the application was suspended. At present, the tin Chak side has not received the letter of inquiry. This major asset reorganization may have the risk of being terminated. July 21, the Sky ze Information tumbled 7.98%, as of July 25, the days ze information reported 17.31 yuan, more than 11.98 yuan/share before the reorganization of 44.49%. It is understood that the Sky ze information in the earliest September 4, 2013 Suspension of planning restructuring matters. Three months later, December 9, days ze information release of the reorganization plan, to pass the equity + cash way to acquire 100% of the group of friends, trading price of 238 million. May 14, 2014, tin Ze Information released a reorganization of the draft, December 30, 2013 as the benchmark date of assessment, the transaction price finally set to 210 million. Among them, the friends of the company to pay cash 149 million to buy their holdings of 75% of the Goodwill Group, to 12.33 yuan/share to the road to the investment issue 4.9303 million shares to buy its own business Friends International (holding the group 25%) 100% equity. At the same time, the company 11.09 Yuan/share to 10 specific investors issued shares to raise 70 million funds for the transaction cash to pay the price. May 30, the programme was approved at the first provisional shareholder meeting in 2014. According to the July 22 release of the "major asset restructuring bulletin show," Jiangsu Development and Reform Commission has been the company to buy a group of friends for the record. The Ministry of Commerce of Jiangsu Province has agreed to acquire 75% stake in the group of Friends of the company, which has been registered with the State administration of foreign direct investment in Jiangsu province. The major assets reorganization issues still need to be approved by the CSRC, the acquisition of modern friends of software Group International Co., Ltd., the remaining 25% of the shares still need to be in charge of the business sector and foreign Exchange Management department approval. What exactly is the reorganization?Suspected of breaking the law, the company bulletin did not express clearly, financial management weekly (micro-credit: Money-week) several times to call days Ze Information Securities Department phone, no one answered. "In the process of reorganization, there are related aspects of the investigation, it is likely to be suspected insider trading, this is the most common." "A private equity person in Shenzhen briefed reporters. Wind data show that the days of information disclosure restructuring scheme, the stock ushered in a big round of gains, February 11, 2014, the sky-ze information climbed to 20.27 yuan/share, compared to the prior suspension of the rise of 69.19%. In addition, the reorganization of the new rules may be the sky-ze information touched the bottom line. Under the new rules, gem stock does not allow the shell listing, and supporting financing for the payment of cash to the price, can not be used to replenish liquidity. The program shows that the group of friends in 2012, the total unaudited income of 187 million, the information of the 2012 unaudited total revenue of 131 million, the former proportion of the latter 143.14%, so this transaction constitutes a major asset reorganization. In addition, the group's 2012 unaudited total assets valuation of 237 million, and the days of the 2012, the total unaudited assets of 963 million, accounting for only 24.64%, not more than 100%, after the transaction, the actual control of the information is not changed, so does not constitute a backdoor listing. At the same time, tin ze information to raise supporting funds for the transaction to the counterparty to the exchange of cash to pay the price, not to supplement the liquidity, so does not belong to the "Merger and acquisition and reorganization of supporting financing" in the case of the prohibition of collecting supporting funds. Performance fell 90%, the restructuring of the suspect with the release of the company July 14, Tin ze Information bulletin, is expected to profit in the first half of 2014 6.22 million-6.95 million, up from the same period of about 155% to 185%, but it still can not be comparable with the initial performance of the company listing. Tin ze Information April 2011 Landing Gem, the net amount of funds raised 631 million, the year to achieve operating income of 160 million, net profit of 55.6 million, however, after the company's performance fell sharply, 2012 net profit fell 90%, 2013 also did not break through tens of millions. 2012-2013, the business revenue of Chak Ze information is 131 million and 158 million respectively, net profit is 5.24 million and 8.32 million respectively. At the same time, the gem information of the IPO project progress slowly, has not yet produced benefits. 2013 Annual report shows that the company to raise investment projects, product development and testing center upgrades and Operations center expansion of construction projects currently only completed 29.88% and 18.94%, marketing and service channel construction project has been completed but did not achieve the expected benefits. In addition, the use of 53.6 million to establish or increase the value of the 5 companies, have not reached the expected benefits, of which 1 companies have not been set up, 2 companies 2013 losses. As of December 31, 2013, the Tin Chak information account is still remaining 512 million of the funds raised (including interest income). "After the information listing, the performance has been at a low level, the reorganization is also hopecan enhance the profitability of the company, if the reorganization is not successful, tin ze information itself is difficult to improve performance faster. "An Internet industry brokerage analyst who has focused on the information in the sky, said. Data show that the group of friends in 2011, 2012, 2013, respectively, the realization of operating income 148 million, 188 million and 171 million, attributable to the parent company's shareholder net profit of 3.7779 million, 14.4428 million and 2069.32. The net profit from 2012 to 2013 was 2.76 times times and 2.48 times times that of the Chak information respectively. Tian Ze information that after the acquisition of Friends Group, can quickly obtain a large number of software development personnel and rich experience in software development, in addition to the car networking IT services outside the Internet industry applications, strengthen logistics based on the IT service capabilities, to strengthen the inclusion of passenger cars, elevators and other things networking IT services capabilities, Further improve the Internet IT service capabilities and expand customer service scope. At the same time, can quickly expand the non-construction machinery customer groups, access to international customers in overseas business orders. And the company's commitment to 2013, 2014, 2015, 2016 consolidated statements deducted from the Non-recurrent profit and loss attributable to the parent shareholders of the net profit is not less than 23 million, 30 million, 36 million, 40 million respectively. In addition, April 28, the Sky ze information a total of 120 million shares lifted, accounting for 75% of the total stock of the company, the new shares can be listed in the circulation of 57.03 million shares, accounting for the total amount of 35.64%. "The reorganization of the launch may also be for the lifting of the company's shares, stocks at high level can be reduced to reduce the size of the larger income." "The above-mentioned Shenzhen private Equity person introduces.