Weihua shares announced formal termination of major asset reorganization, game company reorganization failure case dazzling

February 25, Weihua shares issued a notice, the formal termination of major asset restructuring, and Ganzhou rare earths more than two years of feud between the end. Over the past six months, there have been as many as 30 listed companies announced the reorganization of the event failed. In addition to Ganzhou rare earth backdoor Weihua shares failed to cause intense market discussions, into the fly integrated acquisition group assets failed, is undoubtedly a hot market. The company announced last May 19 that it was to issue shares to buy Shen Fei Group, the Flying Group, Hong All technology, the stock price in two months time from about 15 yuan to the highest 70 yuan.

Many of the reorganization of the failure of the case, the acquisition of game company projects the most dazzling. In the list, as many as 5 companies announced the takeover of the game company failed. The recent Group Hing Toys announced July 22 last year to buy 1.44 billion yuan to acquire 100% shares of the Internet, did not get the Commission passed. In addition to the Great Wall group acquisition of deep-sea games, days run holding the acquisition of Asahi Network, the new capital 690 million acquisition of fantasy, Germany force shares 930 million buy Wu Shen century and other 4 listed companies to acquire game assets failed.

The high level of uncertainty in the gaming industry and the high asset premium rate may be the two most important factors for failure. Group Hing Toys to be acquired by the star-created interconnection 100% stake in the evaluation of the base day (May 31, 2014) The book value of shareholders 67.61 million yuan, and the acquisition price of up to 1.44 billion yuan, premium rate of more than 20 times times, Tak force shares to acquire the Wu Shen Century asset premium rate is also close to 9 times times more The business continuity of the game industry is also the important consideration of the listed companies ' acquisition of assets, and the termination of assets acquisition such as the new capitals and the German power shares are also the factors.