Zhejiang newspaper listing sells 19.77% equity interest of Caixin media 56 million 476 thousand
Time：2011-09-14
Caixin Media Co., Ltd, which has been established for less than two years, is once again caught the attention of the industry. According to the public disclosure of information on Zhejiang property rights trading information network, Caixin media transferred 19.77% of the state-owned shares and the listing price was 56 million 476 thousand yuan. The listed shares are all owned by Zhejiang newspaper group. According to the relevant person in charge of Zhejiang newspaper group, the move is that Zhejiang newspaper group is planning to go public and avoid competition. Selling shares to avoid competition in the same industry The equity information disclosed by the Zhejiang property rights exchange information network bulletin is: Zhejiang newspaper media Holding Group Co., Ltd. (hereinafter referred to as "Zhejiang newspaper group") holds 40%, Tianjin Zhi Heng Enterprise Management Consulting partnership, Tianjin domain rich enterprise management consulting partnership and Tianjin Hui enterprise management partnership enterprise share 20%, 2 respectively. 0% and 19%, and the remaining 1% is Ge Qian, a natural person. In July 28th, the *ST white cat (600633.SH), on the verge of delisting, announced that it had received the restructure and approval document of the China Securities Regulatory Commission, agreed to reorganize the major assets of the company and issue shares to the zhe Newspaper Media Holdings Limited company. According to the relevant person in charge of Zhejiang newspaper group, according to the listing requirements, we need to avoid competition in the same industry. "We need to adjust our equity." The person in charge told the first finance daily. As for whether the future will withdraw from Caixin media, the official said that the reduction is only the first step, and the future progress is not yet clear. Zhang Lihui, a spokesman for Caixin media, also confirmed to the newspaper that the reduction of Zhejiang newspapers was related to the listing. Wealth and new desire to change the future Zhejiang property rights exchange information network announced that the latest annual audit report of the new media as of July 2011, the company's main business income is 31 million 473 thousand and 600 yuan, operating profit of -3315.09 million yuan, net profit of -1426.79 yuan. According to the listing price of 56 million 476 thousand yuan, the valuation of Caixin media is about 280 million yuan. This means that in less than two years, Caixin media has caught up with the trend of old finance and economics. At present, the stock market of 00205.HK, the parent company of old finance and economics, is about HK $696 million (about 570 million yuan). In addition, the disclosure requirement for the transferee is one-time payment within five working days from the date of the conclusion of the contract. In addition to the above routine contents, the announcement also pointed out that the assignee should provide a loan of not less than 100 million yuan to the new media after the need to commit the right to the assignee, for a period of 5 years, the loan will be provided within 1 months of completion of the stock exchange, and the interest rate of the bank at the same time deposit rate shall be counted, and the early repayment will not be required. For the lack of money and why it needed 100 million yuan, Caixin media did not make any further explanation. In 2009, Hu Shuli led the core team of Finance and economics to leave, and subsequently created the new financial media. At present, the main business of Caixin media is to provide financial news and information services, such as the "one net three Periodicals", that is, the new network, the new century, the China reform, the monthly and the comparison, as well as the mobile Internet, video, books, conferences and other media platforms. People familiar with the matter said that the new century magazine has a good advertising situation. According to the rules of the magazine operation, as a new magazine, the loss of the new media is also within a reasonable range. This means that the new media is likely not to be short of money. The industry speculated that the borrowing requirement of 100 million yuan could mean that Hu Shuli was plotting a bigger move. In July this year, Hu Shuli said in a media interview that the company will start issuing Caixin Weekly in Hongkong through subscriptions and newsstands, and will launch an English iPad application for readers in the Americas and Europe. Hu Shuli said at the time, "we don't have many advertisers." However, in the interview, she expressed confidence in pushing overseas and pushing China's voice. (source: First Financial Daily: Hui Zhengyi)
