Sanqi Mutual Entertainment continues to invest in three companies, including mobile games, music, and film and television, and adds to pan-entertainment

"Panax Notoginseng Interentertainment is currently in an important period of building the core competitiveness of pan-entertainment and comprehensively promoting the strategic layout of 'platform, internationalization and pan-entertainment'," he said. based on his firm confidence in the company's sustainable development in the future, he voluntarily promised not to reduce his holdings of the company's shares for 12 months from December 25, 2016.

original title: Panax notoginseng mutual entertainment pan-entertainment layout continues to win shares in mobile games, music, film and television companies

at the end of the year, Panax notoginseng mutual entertainment low-key investment in a number of "star" entertainment companies, further on the road of building the core competitiveness in the field of pan-entertainment. The company announced on December 30, 2016 that Panax Notoginseng Mutual Entertainment, through its subsidiary Xizang Shengge, will invest 80 million yuan in mobile game company Carole Interactive with its own funds to obtain a 1.55% equity stake after the completion of the capital increase, and has the right to send a board observer to Carole Interactive. On the 27th of last month, Sanqi Mutual Entertainment also participated in the famous music company Fenghua Qiushi and new clues of film and television companies through its M & A fund, with a shareholding ratio of 20%.

it is reported that the core asset of Carole Interactive is Ledao Interactive (Tianjin) Technology Co., Ltd. (hereinafter referred to as "Ledao"), which is mainly engaged in the research and development, distribution, operation and other related business of mobile games. Data show that Ledao is China's leading research and development, distribution in one of the online game company, formerly known as Perfect World ace studio. Ludao has developed "Divine Eagle Swordsmen" series, "Dark Dawn" series, "Magic Baby", "97OL", "Song of Eternity", "if the World" and other works, many of which successfully ranked first in App Store in Chinese mainland and topped App Store in Hong Kong, Macao and Taiwan in a row.

in the case of the prosperity of mobile games, Carole Interactive's profit situation is also considerable. Judging from the anti-dilution provisions of the Supplementary Capital increase Agreement signed this time, the target company may also be listed on the agenda. According to the announcement, Ledao's operating income in 2015 was 658 million yuan, with a net profit of 295 million yuan. In the first three quarters of 2016, revenue and net profit were 534 million yuan and 250 million yuan, respectively.

it is worth noting that in addition to the mutual entertainment of Panax notoginseng, O'Ruijin recently completed its participation in Carole Interactive, with a cumulative contribution of 910 million yuan and 17.67% of the total equity of Carole Interactive. O'Ruijin said the move "will also support Carole Interactive's move into the capital markets."

in addition, Oruijin, Sanqi Mutual Entertainment and Dongfang, the original stock of the underlying enterprise, have issued a "military writ": Carole Interactive's net profit after deduction from 2017 to 2019 will not be less than 395 million yuan, 484 million yuan and 581 million yuan. If the actual net profit deducted by the target company in any commitment year is less than the net profit committed in the corresponding year, the investor shall have the right to require the controlling shareholder and the actual controller to jointly and jointly compensate the investor in accordance with the provisions of this supplementary agreement.

the investment progress announcement issued by Sanqi Mutual Entertainment on December 27 last year also revealed the company's continued increase in the field of pan-entertainment. According to the announcement, Sanqi Mutual Entertainment has contributed 120.2 million yuan to subscribe for 20% of the music company Shanghai Fenghua Qiushi Culture and Media Co., Ltd. (hereinafter referred to as Fenghua Qiushi) through its merger and acquisition fund. Sanqi Yi Jane acquired 20% equity of New clue (Beijing) Film and Television Investment Co., Ltd. (hereinafter referred to as New clue) with 100 million yuan.

while the splendor and new clues are also star companies in their respective fields, and have close cooperative relations with many popular artists. Fenghua Qiu has formed a relatively complete business layout in the music field. It has successfully built a series of influential music performance brands such as "in full bloom" rock concerts, and has established long-term and close exclusive cooperation with well-known artists such as Lu Han, Hao Yun and Black Panther, devoting itself to developing super IP of the local music industry.

while the new clue is aimed at deeply typed production and the development of landmark subtype works. So far, he has invested in the production of films such as "get out of tumor", "I am a Witness", "hide-and-seek", "fatal Countdown" and so on. Among them, "get out of the tumor" grossed 510 million at the box office, and Yang Mi starred in "I am a Witness" and "fatal Countdown" respectively.

combined with the promise made by Li Weiwei, the major shareholder of Panax Notoginseng Mutual Entertainment, on December 25, we may have a better understanding of the capital operation of Panax Notoginseng Mutual Entertainment. Li Weiwei said that "Sanqi Mutual Entertainment is currently in an important period of building core competitiveness in the pan-entertainment field and comprehensively promoting the strategic layout of 'platform, internationalization and pan-entertainment'," he said. based on his firm confidence in the company's sustainable development in the future, he voluntarily promised not to reduce his holdings of the company's shares for 12 months from December 25, 2016.

Edit: nancy