Century Cruises 'acquisition of Playtika received second feedback from the China Securities Regulatory Commission, the industry said it was normal

Giant Internet shell company Century Cruises acquired Israeli game company Playtika for 30.5 billion yuan received second feedback from the China Securities Regulatory Commission. In this feedback, the China Securities Regulatory Commission asked about Playtika's full-year forecast revenue and the rationality of the game life cycle forecast. The industry believes that in such a large merger and reorganization plan, it is normal to have two inquiries.

Original title: Giant Network's merger received second feedback. The industry claims that it is normal

Giant Network Shell Company Century Cruises acquired Israeli game company Playtika for 30.5 billion yuan and received second feedback from the China Securities Regulatory Commission. In this feedback, the China Securities Regulatory Commission asked about Playtika's full-year forecast revenue and the rationality of the game life cycle forecast. The industry believes that in such a large merger and reorganization plan, it is normal to have two inquiries.

On the evening of the 20th, Century Cruises announced that it had received the "Notice of Second Feedback on the Review of Administrative Licensing Projects by the China Securities Regulatory Commission." The announcement showed that on November 18, the China Securities Regulatory Commission accepted the company's application to issue shares to purchase assets and raise matching funds. On December 2, the China Securities Regulatory Commission issued written feedback. On December 12, the company reported a feedback response. After review, secondary feedback opinions were put forward.

In the second feedback, the China Securities Regulatory Commission mentioned its concern about details such as the operating indicators and game life cycle of the target company of the merger. Century Cruises needs to supplement the disclosure of Playtika's full-year forecast revenue and net profit, and further supplement the disclosure of relevant game life cycles and forecast rationality of AUPPU values based on the monthly turnover and ARPPU values of major games so far.

In its first previous feedback, the China Securities Regulatory Commission paid attention to the rationality of the price of this transaction, the necessity of supporting funds raised this time, and the reasons and rationality for setting up Class A and Class B common shares in the shares of the underlying assets of this transaction. Issues such as sex. In contrast, the questions given secondary feedback are more focused on technical details.

Century Cruises stated that the company and relevant intermediaries will disclose feedback responses in the form of announcements in accordance with the requirements of the above-mentioned notice after the relevant issues are implemented one by one, and submit written responses to the China Securities Regulatory Commission within the prescribed time limit. Licensing acceptance department.

Century Cruises also reminded that this major asset reorganization still needs to be filed by the National Development and Reform Commission and approved by the China Securities Regulatory Commission. There is still uncertainty whether relevant filing and approval can be obtained. The company will actively promote relevant work and fulfill information disclosure obligations based on the progress of the above matters. As of today's close, Century Cruises reported at 60.83 yuan.

Editor: Nancy