Ma Yun'S Acquisition Of Hang Seng Group As Largest Shareholder Of Hang Seng Electronics

< p > April 3rd morning news, according to the announcement of < a href= "//www.sjfzxm.com/news/index_c.asp" > Hang Seng electronics < /a >, Ma Yun has completed the acquisition of 100% stake in Hang Seng group through its absolute holding Zhejiang Rongxin Network Technology Co., Ltd. (hereinafter referred to as "Zhejiang fusion letter"). After the completion of the acquisition, Ma Yun will become the largest shareholder by holding Hang Seng electronics 20.62% stake in Hang Seng group.

The initial purchase price of the pfer is 3 billion 299 million 394 thousand and 233 yuan, and the final purchase price actually paid may be adjusted according to the agreement.

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< p > announcement shows that in April 1, 2014, Hang Seng group held a meeting of shareholders and made a decision to agree to the < a href= "//www.sjfzxm.com/news/index_c.asp" > acquisition paction < /a >, and 17 natural shareholders and Ma Yun signed the "equity purchase agreement".

Hang Seng group holds 127398928 shares of Hang Seng electronics, accounting for 20.62% of Hang Seng's total share capital.

After the completion of this paction, Ma Yun will get 100% stake in Hang Seng group through Zhejiang Rongxin and have an indirect interest in Hang Seng group's < a href= "//www.sjfzxm.com/news/index_c.asp > listed company's < /a > 20.62% shares.

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< p > the main business of Zhejiang Rongxin is to provide administrative support and risk management related backstage services, and investment management business will be the main business in the future.

Shareholders are directly holding 99.1365% and 0.8635% stake for Ma Yun and Xie Shihuang respectively.

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< p > the acquisition of the 100% stake in Hang Seng group comes from the Zhejiang bank's own capital of 1 billion 700 million yuan and no more than 1 billion 700 million yuan of bank loans.

Among them, Ningbo bank Hangzhou branch and Minsheng Bank Hangzhou branch respectively provide the credit funds of Zhejiang not more than 1 billion 700 million yuan to pay the intention of the purchase price.

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< p > Hang Seng electronics said that after the completion of the acquisition, the listed company will continue to maintain asset independence, personnel independence, financial independence, business independence and institutional independence.

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< p > the pfer price will be paid in cash by the Zhejiang Rongxin to the seller of the paction according to the following arrangements, as follows: < /p >

< p > (1) advance payment: Zhejiang Rongxin shall pay RMB 30 million yuan to the seller within three working days after the signing of the share purchase agreement; < /p >

< p > (2) the first price: in the first delivery, Zhejiang Rongxin paid 24.12% yuan for the Hang Seng group to pay the total consideration of 659 million 878 thousand and 847 yuan (including advance payment); < /p >

< p > (3) second price: in the second delivery, Zhejiang Rongxin obtained the remaining shares of Hang Seng group and paid 70% of the initial purchase price; < /p >

< p > (4) delivery: the amount of the final payment is the balance after the purchase price is deducted from the first price and the second price.

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