Yunnan 188bet sports betting app download Co., Ltd. (hereinafter referred to as "Yunnan 188bet sports betting app download"，002059.SZ) announced，March 13, 2019，The Mergers, Acquisitions and Reorganization Committee of the China Securities Regulatory Commission held the 8th working meeting in 2019，Issue shares to Yunnan 188bet sports betting app download and pay cash to purchase OCT Group、Li Jian、Wen Hongguang、The 100% equity transaction of Shenzhen OCT Cultural 188bet sports betting app download Technology Co., Ltd. (hereinafter referred to as "Cultural 188bet sports betting app download Technology") held by Jia Baoluo was reviewed。According to the meeting review results，The restructuring of Yunnan 188bet sports betting app download was unconditionally approved。

Reporter noticed，In order to smoothly acquire Cultural 188bet sports betting app download Technology，Resolving the impact of horizontal competition，Yunnan 188bet sports betting app download has integrated multiple poorly managed 188bet sports betting app download projects。In the industry’s view，In the process of transformation, the company needs to solve problems such as "integration is difficult to integrate"。

The person in charge of Yunnan 188bet sports betting app download told the reporter of China Business News，Since OCT Group obtained control of Yunnan 188bet sports betting app download in 2017，Passed escrow、Reduce losses、Asset restructuring or business adjustment and supplementary commitments, etc.，Vigorously promote the resolution of horizontal competition issues left over from history，And has completely resolved some of the competition in the same industry。

Future，As permitted by applicable laws and regulations，In line with the principle of conducive to the development of Yunnan 188bet sports betting app download business and safeguarding the interests of shareholders, especially small and medium-sized shareholders，Steadyly promote the integration of relevant businesses to solve the problem of horizontal competition。

Yunnan 188bet sports betting app download restarts acquisition of cultural 188bet sports betting app download technology

Public information display，Culture Technology was established in December 2009，Mainly based on the creativity of high-tech cultural 188bet sports betting app download products、Planning、Development、Developed、Sales and comprehensive services are the core business。

Its predecessor is Shenzhen Luoxingshan Technology Co., Ltd. established in December 2009，August 2011，Shenzhen OCT Co., Ltd. (hereinafter referred to as "OCT A"，000069.SZ) completed its acquisition，And renamed it Cultural 188bet sports betting app download Technology。After landing on the New Third Board in 2015，Wenlv Technology once tried to go public through a backdoor listing，But to no avail。2017，Culture and 188bet sports betting app download Technology delisted from the New Third Board。

Afterwards，OCT A’s parent company, OCT Group, through its wholly-owned subsidiary OCT Yunnan Holdings Expo 188bet sports betting app download Group，Thereby indirectly controlling Yunnan 188bet sports betting app download。simultaneously，OCT Group acquired part of the equity in Cultural 188bet sports betting app download Technology from OCT A，Holding Cultural 188bet sports betting app download Technology。

March 2018，Yunnan 188bet sports betting app download announced its intention to acquire 100% equity of Cultural 188bet sports betting app download Technology，Yunnan 188bet sports betting app download has determined the acquisition price of approximately 20.1.6 billion yuan，The number of issued shares is about 2.7.9 billion shares，Pay cash consideration of approximately 1.6.1 billion yuan。

January this year，Beijing Zhongqihua Assets Appraisal Co., Ltd., the appraisal agency for the reorganization of Yunnan 188bet sports betting app download，Suspected of violating securities laws and regulations due to other matters，Under investigation。Affected by this，The China Securities Regulatory Commission’s review of Yunnan 188bet sports betting app download’s restructuring and listing was suspended on January 28，Later restarted on January 31st。Finally，Yunnan 188bet sports betting app download restructuring plan was unconditionally approved by the China Securities Regulatory Commission。

The person in charge of Yunnan 188bet sports betting app download mentioned to reporters，Through the acquisition of Cultural 188bet sports betting app download Technology，Yunnan 188bet sports betting app download will further leverage its resource advantages in the field of cultural 188bet sports betting app download，Extending business to 188bet sports betting app download park planning and design、R&D and production of high-tech amusement equipment、At the same time as engineering construction, etc.，Utilize the technological innovation capabilities of cultural 188bet sports betting app download technology，Realizing the transformation and upgrading of Yunnan’s traditional 188bet sports betting app download model。In addition，The transformation and upgrading of relevant tourist attractions can improve the transportation of Yunnan 188bet sports betting app download、Operation efficiency of hotel management and other comprehensive 188bet sports betting app download service sectors。

The pain point of “integration but difficulty in integrating” needs to be solved

It is worth mentioning，This is not the first time that the issue of horizontal competition in Yunnan 188bet sports betting app download has been mentioned。

To resolve competition within the industry，Except for the transfer of equity interests in Yunnan International Travel Service Co., Ltd. (hereinafter referred to as "Provincial International Travel Service")，Yunnan Expo 188bet sports betting app download Holding Group Co., Ltd. (hereinafter referred to as "Yunnan Expo") will be a subsidiary of Yunnan Expo Yuanyang Hani Terraces Cultural 188bet sports betting app download Development Co., Ltd. in November 2018、The management rights of Lijiang 188bet sports betting app download Investment Co., Ltd. are delegated to Yunnan 188bet sports betting app download。

December 22, 2018，Yunnan 188bet sports betting app download Announcement，Plans to acquire 51% equity of Provincial International Travel Service held by its controlling shareholder Yunnan Expo，The equity transfer price is RMB 810.840,000 yuan。

In the industry’s view，Yunnan 188bet sports betting app download has taken over many weak assets to solve the problem of competition in the industry，Afterwards, the company needs to solve problems such as "integration is difficult to integrate" during the transformation process。Question about this，Response from the person in charge of Yunnan 188bet sports betting app download，As of now，There is no horizontal competition between OCT Group and other companies it controls and the main business of Cultural 188bet sports betting app download Technology。

Since OCT Group obtained control of Yunnan 188bet sports betting app download in 2017，Passed escrow、Reduce losses、Asset restructuring or business adjustment and supplementary commitments, etc.，Vigorously promote the resolution of horizontal competition issues left over from history，And has completely solved some of the competition problems in the same industry。Future，As permitted by applicable laws and regulations，In line with the principle of conducive to the development of Yunnan 188bet sports betting app download business and safeguarding the interests of shareholders, especially small and medium-sized shareholders，Steadyly promote the integration of relevant businesses to solve the problem of horizontal competition。

What are the chances of winning by traveling alone?

Nowadays，Yunnan 188bet sports betting app download is gradually divesting its real estate business，Focus on the main business of 188bet sports betting app download。

February 28 this year，Yunnan 188bet sports betting app download releases 2018 performance report。Performance Express Display，In 2018, Yunnan 188bet sports betting app download achieved a total operating income of approximately 22%.6 billion yuan，11 year-on-year increase.56%；Operating profit、Total profit and net profit attributable to shareholders of listed companies respectively achieved approximately 7.6.4 billion yuan、7.6.5 billion yuan and 4.8.7 billion yuan，A year-on-year increase of 422 respectively.52%、397.43% and 580.37%。

Yunnan 188bet sports betting app download name，The main reason for the obvious increase in performance is that the company transferred 55% equity of its holding subsidiary Yunnan Shibo Xingyun Real Estate Co., Ltd.，Obtain investment income，Resulting in operating profit、Total profit、Net profit attributable to shareholders of listed companies increased compared with the same period last year。

Since OCT Group took over in 2017，Yunnan 188bet sports betting app download received a large number of non-performing assets，At the same time, 55% of the equity of Shibo Xingyun, a real estate subsidiary that has made a great contribution to Yunnan 188bet sports betting app download, was transferred。Then，Can 188bet sports betting app download alone form a reasonable input-output model，Guarantee the company’s profitability？

Relevant person in charge of Yunnan 188bet sports betting app download mentioned，Not an assignment，Most assets are held in custody，There is no situation of “transferring a large amount of non-performing assets”。

The person in charge pointed out，Since OCT Group took over in 2017，Yunnan 188bet sports betting app download divested its real estate business segment、Reorganization of cultural 188bet sports betting app download technology、Integrating the controlling shareholder’s 188bet sports betting app download-related assets and other actions，Reshaping the strategic positioning and industrial structure of Yunnan 188bet sports betting app download，Focus on the main business of 188bet sports betting app download，Yunnan 188bet sports betting app download has also become an important carrier for OCT Group to create “all-region 188bet sports betting app download”。

And in terms of profitability，Inject cultural 188bet sports betting app download technology into listed companies，Can improve the revenue and profitability of Yunnan 188bet sports betting app download’s main 188bet sports betting app download industry。In addition，Yunnan 188bet sports betting app download will combine the technological innovation capabilities of cultural 188bet sports betting app download technology to optimize and transform scenic spots，Can improve transportation under Yunnan 188bet sports betting app download、Operation efficiency of hotel management and other comprehensive 188bet sports betting app download service sectors，Enhancing the linkage of various businesses，Building a closed-loop 188bet sports betting app download service industry chain for listed companies，Conducive to improving the overall profitability of Yunnan 188bet sports betting app download。

Yan Yuejin, Research Director of the Think Tank Center of Shanghai Yiju Research Institute, told reporters: "Because the main business of Yunnan 188bet sports betting app download is biased toward 188bet sports betting app download，There are not many advantages in doing traditional real estate business。Traditional real estate relies on financing and marketing advantages，So acquire other companies to strengthen the main business，It is more conducive to enterprises to drive real estate business through cultural 188bet sports betting app download business。”

Yan Yuejin thinks，OCT Group’s holding is more like the concept of equity，Conducive to expanding OCT Group’s business。But the specific implementation issues in 188bet sports betting app download market management，It will not cause much intervention，It is mainly managed by Yunnan 188bet sports betting app download。

*This articleSource: China OperationsNewspaper, authors: Wu Yueming, Tong Haihua, original title: "Yunnan 188bet sports betting app download restarts the acquisition of cultural 188bet sports betting app download technology, and the pain points of "integration and difficulty in integration" need to be solved》.