“Backdoor” again, the reorganization of tourism in Tibet was consulted by lightning- 东方 Fortune.com

Original title: “Backdoor” again, the reorganization of tourism in Tibet was investigated by lightning

Summary

[La reorganización del turismo de Tíbet “re-” con puertas traseras “recibió consultas relámpago]Tibet Tourism (600749), which was suspended for planning and reorganization, met with investors about the reorganization plan on the night of March 21. Judging from the disclosed plan, Beihai Xinyi Cruise Co., Ltd. will be listing through the Tibet Tourism backdoor. It is worth mentioning that the actual controllers of Xinyi Cruise and Tibet Tourism are the wealthy and powerful Wang Yusuo of Hebei. In 2016, Tibet Tourism had planned a cross-border merger and acquisition of Lakala. At the time, it was also the subject of regulatory investigations because it was “locked in” and ultimately failed. After the disclosure of the transaction plan, Tibet Tourism also received lightning inquiries from the Shanghai Stock Exchange. (Beijing Business Daily)

　　SuspensionPlanReorganizationofTibet Tourism(600749), the reorganization plan of the afternoon of March 21 andinvestmentTo meet. Judging by the disclosed plans, the Beihai Xinyi cruise is limitedthe company(Hereinafter “Xinyi Cruise”) will passborrowshellTibet TourismGet the listing. It is worth mentioning that Xinyi Cruise,Tibet TourismThe real drivers are all rich in HebeiWang YusuoIn 2016, Tibet tourism planned to cross the borderMOTHERLakalaAt the time, he was also questioned by supervision on the grounds that he was “backdoor” and was ultimately declared a failure. After the disclosure of the transaction plan, Tibet Tourism also received lightning inquiries from the Shanghai Stock Exchange.

According to the transaction plan, Tibet Tourism intends to invest in ENN HoldingsLimited liability company(Hereinafter referred to as “Xin Ao Holdings”) bought 100% of the shares of Xin Yi Cruise in its possession by issuing shares and paying in cash. According to the settlement agreement, the amount of the transaction is tentatively set at 1.37 billion yuan; Tibet Tourism intends to use the consultation method toFixed investmentThe total amount of support funds raised by the investor through the issuance of shares does not exceed the total amount of the asset purchase transaction.price100% of this transaction, the counterpart funds raised are used primarily for the payment of the cash consideration for the purchase of 100% of the capital stock of Xinyi Cruise by the company listed in this transaction and related expenses of this transaction. transaction.

For the above transaction, obtaining backup funds is based on the issuance of shares and payment of cash to purchase assets, but the success of the final backup financing does not affect the implementation of this asset purchase.

The main business of the target Xinyi cruise ship is maritime tourism transportation.ServiceAt present, it mainly operates three marine tourism routes from Beihai-Weizhou Island, Beihai-Haikou and Penglai-Changdao. It is reported that Tibet tourism and Xinyi cruiseReal controlEveryone is Wang Yusuo.

Either of total assets, net assets orOperating incomeIn terms of indicators, the relevant indicators of the underlying assets that Tibet Tourism intends to purchase exceed 100% of the corresponding indicators of the listed company. In addition, Wang Yusuo has not been the actual controller of the listed company for 36 months, so the transaction constitutes a reorganization and listing. After the transaction is completed, Xinyi Cruise will take place.Rear door listing。

A reporter for the Beijing Business Daily noted that in December 2020, ENN Holdings had spent 1.37 billion yuan on a publicly traded company.New Wisdom CognitionWholly owned subsidiaryTibet Bokang Smartinformation technologyCo., Ltd. acquired a 100% stake in Xinyi Cruise. After a lapse of 3 months, ENN Holdings “passed” the Xinyi cruise.New Wisdom CognitionIt is also the A-share trading platform actually controlled by Wang Yusuo.

Why did Wang Yusuo move his assets this time? Maybe you can travel from TibetadTo find out the answer.

Discussing the background of the transaction, Tibet Tourism said that the profitability of publicly traded companies is weak and is actively seeking new points of business growth.

According to the data, the Xinyi cruise ship has not been launched from the end of 2018 to 2020.auditofNet profitShows a downward trend Tibet Tourism announcement shows Xinyi cruise ship in 2019Net profitThe decrease was primarily due to an increase in marketing promotion and investment in technology, which led to an increase in selling expenses and administrative expenses. 2020 netprofitThe sharp drop was mainly due to a sharp drop in operating income due to the impact of the epidemic.

It should be noted that Tibet Tourism received an inquiry letter issued by the Shanghai Stock Exchange on the evening of the same day. Among them, the Shanghai Stock Exchange was concerned because,New Wisdom CognitionAt the time of its IPO in 2015, its core business was maritime tourism transport. Tibet Tourism must disclose in a complementary manner if the underlying asset comes from Xinzhi Cognition, if it was its main operating asset at the time of its IPO, if it was its main source of profit and if this transaction involved the reinstatement of the same operating asset. . In response to business-related problems, reporters for the Beijing Commercial Daily called the Tibet Secretary of Tourism’s Office many times for interviews, but the other party’s phone number kept popping up “on the phone.”

(Source: Beijing Commercial Daily)

(Editor-in-charge: DF520)