Zhao Wei 3.06 billion yuan purchase Wanjia Culture Cross-border Holding Listed Company

on the evening of December 26th, Wanjia Culture announced that Wanjia Group, the company's largest shareholder, plans to transfer 29.14% of its shares to Xizang Longwei Culture Media Co., Ltd. (referred to as "Longwei Media") at a price of 3.06 billion yuan. After the completion of the transaction, the company's largest shareholder will be changed to long Wei Media, and the actual controller will be changed to Zhao Wei, who starred in the TV series "returning Pearl" and "Love in the Deep Rain". Films such as "lost in Hong Kong", "Dear" and "painted skin" are household names.

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according to Wanjia Culture announcement, Wanjia Group and Longwei Media signed a share transfer agreement on December 23rd, Wanjia Group transferred its 185 million company shares to Longwei Media, accounting for 29.14% of the company's total shares. After the completion of the transfer, the shareholding proportion of Wanjia Group will be reduced to 1.39%, long Wei Media will become the largest shareholder of Wanjia Culture, and Zhao Wei will become the new actual controller of the company.

the transfer price of the above shares is about 3.06 billion yuan, equivalent to 16.54 yuan per share, which is a 10% discount at the closing price on the last trading day before the suspension.

data show that Longwei Media was founded in November this year with a registered capital of 2 million yuan. Zhao Wei and Sun Dan own 95% and 5% of Longwei Media respectively.

strong > businessman Zhao Wei / strong >

Zhao Wei has long been a household name as an entertainer, but in recent years, Zhao Wei and her husband Huang Youlong have made frequent joint appearances in the capital market. Among them, Zhao Wei and his wife bought more than 1.93 billion shares of Alibaba Pictures at an average price of HK $1.60 each at the end of 2014, equivalent to a 9.18% stake in Alibaba Pictures, making them the second largest shareholder. In April of the following year, Zhao Wei and his wife reduced their stake in Alibaba Pictures by 256 million shares at HK $3.90 per share, reducing their shareholding to 7.96%, cashing out nearly HK $1 billion.

and this time Xiao Swallow Zhao Wei flew into A shares from Hong Kong stocks, and its huge industry was also able to show people. In addition to long Wei Media, Zhao Wei also controls a number of private enterprises, including Beijing Princes Culture Communication Co., Ltd., Zhao Zhao (Shanghai) Film and Television Culture Studio, Mengluo (Beijing) Wine Trading Co., Ltd., Wuhu East Runfa Investment Co., Ltd. And Hangzhou Pulin Investment Management Partnership (limited partnership).

in addition, several core related enterprises of Zhao Wei and his wife also hold equity interests in a number of listed companies at home and abroad. Among them, Huang Youlong holds a 55.01 per cent stake in Shunlong Holdings and 20.59 per cent in Jinbao Holdings, while the couple's company, Jade Passion Limited, owns 55.97 per cent of Yunfeng Financial, while their stake in Ali Pictures has fallen to 4.97 per cent. In addition, Zhao Wei personally holds a 1.46% stake in Tangde Film and Television, while her brother Zhao Jian holds an 8.01% stake in Tangde Film and Television.

strong > has participated in Dingzeng / strong >

this is not Zhao Wei's sudden involvement in Wanjia culture. In the previous reorganization of Wanjia culture, Zhao Wei tried to participate in Dingzeng.

as early as July 23, Wanjia Culture issued an asset acquisition plan to broaden the business of e-sports by issuing shares and paying cash for 414 million yuan and 370 million yuan respectively. At the same time, it is proposed to raise supporting funds of no more than 250 million yuan to pay the cash consideration of the reorganization and related expenses. At that time, the two acquired companies were questioned twice by the Shanghai Stock Exchange because of excessive premiums and doubtful profits, and then the company abandoned the restructuring plan on December 8 because the restructuring process was slow and later than expected. The share price has remained around 18 yuan.

soon after, Wanjia Culture continued to suspend trading on the grounds that "major shareholders are planning major matters, which may involve a change of control of the company."

Purin Investment Company, which participated in the increase, was set up by Beijing Princess and natural person Zhao Wei with a 10 million investment on June 24, 2016. Among them, Zhao Wei contributed 9.9 million yuan as a limited partner and Beijing Princess contributed 100000 yuan as a general partner. Industrial and commercial data also show that Beijing Princes is actually run by film and television star Zhao Wei, who owns 70% of the company and her mother Wei Qiying has 20% of the company.

data show that Wanjia Culture is mainly engaged in real estate development and management. In July 2015, after the restructuring and acquisition of Xiangtong Animation, the company divested its real estate and mining assets and established 10,000 e-sports, including women's groups, anchors, games, variety shows and other fields. Wanjia Culture's third-quarter financial report showed that the company's total assets were 2.044 billion yuan and its net profit was 61.213 million yuan, an increase of 460.7 percent over the end of last year.

Wanjia Group said that the equity transfer is a financial arrangement based on its own needs, and the second is the intention to introduce powerful investors to listed companies through share agreement transfer. adjust the business structure of listed companies and improve sustainable profitability.

Longwei Media also reveals similar information and intends to inject assets through restructuring around the cultural and entertainment industry, so as to improve the profitability of Wanjia Culture. In the future, with Zhao Wei officially in charge, long Wei Media will also recommend Dong Jiangao candidate to Wanjia Culture, and its current management will face a reshuffle.

strong > Yien is sorted out and released according to the relevant reports of the Securities Times and the 21st Century Economic report. / strong >

Edit: nancy