Jinjiang 188bet mobile plans to acquire subsidiary 3 owned by Zheng Nanyan.5% equity,Wholly-owned holding

Great Scenic Area Author of this article: 188bet mobile 2021-06-30
188bet mobile 3.RMB 5.1 billion to acquire all the equity held by Fortune, a minority shareholder of Keystone, a holding subsidiary。

June 29,Jin Jiang 188bet mobile announced,The company intends to acquire Keystone 3 held by its subsidiary Keystone Lodging Holdings Limited and minority shareholder Fortune News International Limited in cash.49825% equity,The transaction price is RMB 351,216,077.14 yuan。After this transaction is completed,The company’s shareholding ratio in Keystone increased from 96.50175% increased to 100%。The actual controller of Fortune is Zheng Nanyan。As ​​understood,Zheng Nanyan,Current Executive Chairman of Kaiyuan 188bet mobile Group,Founder of Baidawu Group、Chairman,Founding partner of Ouling Investment、Board Director,Former founder of Plateno Group、CEO。

Announcement display,Before this transaction, Fortune News International Limited held Keystone 4,845,348 shares,Shareholding ratio reaches 3.5%;Shanghai Jin Jiang International 188bet mobile Co., Ltd. holds Keystone 133,662,214 shares,Shareholding ratio reaches 96.5%。As agreed by both parties to the transaction,The transaction price of the underlying equity is determined to be RMB 351,216,077.14 yuan,The transaction price includes stock conversion tax,And the company’s profits and losses enjoyed or borne by these shares from January 1, 2021 belong to the investors。

After this transaction is completed,The company’s shareholding in Keystone increased to 100%,Keep it 138,507,562 shares。Passed this equity structure adjustment,Can further integrate company resources,Reduce management costs,Conducive to the company's full management,Conducive to the company’s organizational structure、Clarity of business division,Helps to plan the company’s future strategic development。This transaction will not have a significant impact on the company’s financial status and operating results。

As ​​understood,Jinjiang 188bet mobile achieved operating income of 2.3 billion yuan in the first quarter of 2021,An increase of 5 over the same period last year.06%;Achieve operating profit -1.8.7 billion yuan,Decreased by 414 compared with the same period last year.65%。Realize net profit attributable to shareholders of listed companies -1.8.3 billion yuan,Decreased by 207 compared with the same period last year.12%。Achieve net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses -1.6.1 billion yuan,Increased loss by 67.53 million yuan compared with the same period last year。Net cash outflow from operating activities 4.9.6 billion yuan,Decreased by 8 compared with the same period last year.5.4 billion yuan。

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