The Grand Entertainment Dream Ends: "Legend" Where Does Chen Tianqiao Go From?

Less than a year later, Shanda went through the initiative of privatization.

Complete sale of equity, "plot" change is ups and downs.

According to the latest news, Chen Tianqiao will also come out from the Shanda game and the "legend" of the generation.

On the other hand, in recent two years, the development of hand travel industry has led many companies to see the pformation direction of the industry. Apart from the Shanda system, the tour as a representative of the end travel industry is also seeking a new pformation in the industry pformation.

While the legend is changing, the giant network announced that it will go on the "journey" hand travel version recently, hoping to help the users after the 1990s with the help of the "journey pocket version".

How does the "battle" of the game play in the future? Is it "progressive", "retreat" or "change"?

Retreat: a grand game has come to an end.

Every reporter, Tao Li, is from Shanghai.

A generation of "legend" will eventually have a curtain call.

In November 27th, Shanda announced that it had received notice from the former controlling shareholder of Shanda network that Shanda SDG, a wholly owned subsidiary of Shanda, has completed the sale of the holding power of Shanda game, and announced that Mr SDG will no longer be a director.

According to the agreement, Shanda SDG has sold 48 million 759 thousand and 187 shares of Shanda B common stock to Zhong Rong Shengda investment holding (Hongkong) Co., Ltd., and sold 48 million 759 thousand and 187 shares of B common stock to Yili Sheng Da Investment Holdings (Hongkong) Limited.

It is reported that Zhong Rong Shengda is a related company in Ningxia's cashmere industry, and Yili Shanda is the associated company of Shanda game CEO Zhang Yingfeng.

After the deal is completed, Shanda will no longer hold any grand games common stock.

Shanda network stakeholders in the "daily economic news" reporters said that the Shanda group has been pformed into a Invest-holding Company, the Internet and finance is the main investment direction.

"Shanda group does not own any shares, including Chen Tianqiao himself."

In the industry view, as the core asset of Shanda network and the famous grand game of Chen Tianqiao, this shows that Chen has completely withdrawn from the industrial level, and the Shanda network with huge amounts of cash will completely pform into equity investment company.

Chen Tianqiao resigned from directorship.

It is understood that Shanda will sell part of its remaining 18% stake to Zhong Rong Shengda and another part to Yili Sheng Da.

Among them, Zhong Rong Shengda is an associated company in Ningxia's cashmere industry. Ningxia's cashmere industry was founded in September 1998, and is headquartered in Lingwu, Yinchuan, Ningxia. It is currently the world's largest producer of cashmere products.

Yili Sheng Da is a company controlled by the core management team represented by Zhang Yingfeng, CEO.

This paction means that as of October 20th, Shc and its related companies held grand games A-class and B shares, accounting for 24.1% of their issued common shares, accounting for 40.1% of their issued common shares.

The B class ordinary shares held by Yili Sheng Da accounted for about 9.1% of its issued shares, accounting for 34.5% of its issued common shares.

However, what has attracted the attention of the industry is a personnel change.

Grand game announced on the same day, Chen Tianqiao resigned from the grand game director and Shanda board chairman, remuneration committee, chairman of the enterprise development and Finance Committee; appointed CEO Zhang Yingfeng as chairman of Shanda game, Shanda board of directors, remuneration committee, enterprise development and finance committee chairman.

Ma Shengming, chairman of the Bank of China, joined the board of directors of Shanda games.

At the same time, the company also announced the appointment of Zhang Jin, senior vice president of Shanda group, as chief executive officer of Shanda game, in charge of and coordination of non business internal management support.

For the future operation of the company and whether the "Shanda game" will be renamed and so on, the relevant persons of the above network did not disclose more details.

And Shanda insiders told reporters that there is no way to see the impact of the cashmere industry on the company.

Grand entertainment empire dream ended

Shanda game management team also issued a letter yesterday.

All the letters, this letter revealed that Chen Tianqiao this time from the grand game completely "retire" quite emotional.

Chen Tianqiao regretted his resignation as chairman because of physical reasons.

It is reported that Chen Tianqiao quit the Shanda game at the critical moment, abandoned the fund proposed a hundred percent exit proposal, decided to 9% stake and 34.5% voting rights, "internal handover" to the company management team.

Some analysts believe that Chen Tianqiao did not really withdraw from the Shanda game. Yili Shanda still held 9% shares and had 34.5% voting rights.

The company was controlled by Zhang Yingfeng and other core teams, while Zhang Yingfeng was regarded as a confidant of Chen Tianqiao. Zhang Yingfeng did not rule out the possibility of holding shares for Chen Tianqiao.

At present, in addition to the BOC cashmere industry and Yili Sheng Da,

Holding company owns 23% of Shanda game, and the voting power accounts for about 8.58%.

Haitong Securities holds 20% stake in Shanda, and about 7.27% of the voting rights.

But the overall sale of Shanda's game has become the dividing line for Shanda to completely withdraw from industry.

No matter what the performance of the grand games is today, many netizens feel sorry for the glory and popularity of legend.