Editor's Note: This article comes fromCaijingOnchain Finance (ID: CaijingOnchain), Author: Chen Yi, reproduced by Odaily with authorization.
Editor's Note: This article comes from
CaijingOnchain Finance (ID: CaijingOnchain)
CaijingOnchain Finance (ID: CaijingOnchain)
, Author: Chen Yi, reproduced by Odaily with authorization.
Caijing.com Chain Finance News, on May 24, the blockchain concept stock Zhongying Internet Technology Co., Ltd. (002464) (hereinafter referred to as "Zhongying Internet") released an acquisition announcement. The announcement shows that Zhongying Internet All consideration paid for the proposed subscription of Beijing Yuanchun Media Co., Ltd. (hereinafter referred to as "Yuanchun Media") for the new registered capital of 3.0001 million yuan, including: Beijing Xincailiang Technology Co., Ltd. (hereinafter referred to as "Cailiang") held by the company Quantity Technology") 100% equity and all the rights and interests attached to it, all the rights enjoyed by law and all the obligations that should be borne by law; RMB 30,000,000 in cash held by the company.
The total amount of assets of the above three parts is 375 million yuan, and the part exceeding the capital increase (ie 371.9999 million yuan) is included in the target company's capital reserve. After the capital increase is completed, the company will become a shareholder of the target company and hold 22.39% of the equity of the target company. Cailiang Technology will become a wholly-owned subsidiary of the target company, and the target company will hold a receivable worth 95 million yuan from Shanghai Zongyang .
It is reported that Yuanchun Media is a production and operation company of variety shows, which involves the concept of online celebrity e-commerce live broadcast. The acquisition of Zhongying Internet has been interpreted by the industry as "after the concept of blockchain, Zhongying Internet will once again enter the concept of online celebrity e-commerce."
According to Lian Shang Finance, Zhongying Internet’s consideration for this acquisition contains a large number of “toxic assets”, and Cailiang Technology, which is included in the consideration paid by it, is in litigation, and Shanghai Zongyang is one of Zhongying Internet’s acquisitions in 2018. The directly related party of the connected transaction.
In August 2017, Zhongying Internet acquired Cailiang Technology. Since then, Zhongying Internet has been responsible for all blockchain-related business related to Cailiang Technology and its subsidiaries.
According to public information, Cailiang Technology began to carry out business layout in blockchain-related fields at the end of 2017, trying small-scale digital cloud computing server technology and mine construction (similar to IDC central computer room, including strong electricity, network and Rack and other equipment), equipment installation, commissioning and other work, and accumulated experience. The development of mobile Internet (block chain) infrastructure services will be the future development direction of Cailiang Technology.
In 2018, the sales policy of mobile digital media marketing, the original main business of Cailiang Technology, has not changed significantly. However, with the downturn in the domestic game industry and the slowdown in growth, Cailiang Technology has made certain adjustments to its business strategy. Expanded new businesses related to blockchain. Among them, since most of the mining machines are produced by Chinese mining machine manufacturers, Cailiang Technology added a mining machine agent procurement business in 2018, which is mainly responsible for opening up mining machine purchases, export logistics, and installation and commissioning for overseas customers in China Standardized process solutions for technical services.
According to the financial statistics on the chain, the blockchain business currently involved in Cailiang Technology specifically includes the procurement of mining machines, mine construction, mining machine leasing, mining pool systems, and research and development of digital currency exchanges. Among them, except for the mining machine procurement business, the rest did not generate income and profits.
However, at present, the only mining machine agency procurement business that generates revenue is also facing a sales contract dispute with the Bitcoin mining machine manufacturer Yibang. Because of the property preservation of Zhejiang Yibang’s litigation matters, the bank account of Cailiang Technology has been frozen. More than 7.75 million yuan.
So far, the lawsuit between Cailiang Technology and Ebang International has still not reached a result.
On May 22, the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission issued the "Decision on Taking Measures to Issue Warning Letters to Zhongying Internet Technology Co., Ltd." (hereinafter referred to as the "Decision") to Zhongying Internet.
The "Decision" shows that after review, the Jiangsu Supervision Bureau of the China Securities Regulatory Commission determined that Zhongying Internet did not disclose a related transaction with a transaction amount of 15 million yuan in accordance with the law, thus violating the provisions of Article 2 of the "Administrative Measures for Information Disclosure of Listed Companies".
