Expensive Birds Spend 1 Billion Yuan To Set Up Sports Industry Fund

The major events of the planning of the noble birds finally came out.

Today, the company also issued a number of investment programs, including the participation in the establishment of new companies and cooperation with tiger sports to set up sports industry fund.

On the whole, the above investments are all measures to expand the online sports industry.

There are market participants believe that the recent sports stocks such as

Lehman optoelectronics and other recent performance has been good, yesterday, it is to withstand the pressure of the market crash.

Against this background, the concept of "noble bird" is attached to this concept.

according to

According to the announcement, the company intends to jointly invest with Quanzhou Sheng Yi Investment Co., Ltd. (hereinafter referred to as Sheng wing investment) to set up Quanzhou Sheng Xiang Investment Management Center (limited partnership).

Among them, the company invested 239 million yuan as a limited partner; Sheng wing investment contribution to zero, for general partners.

The real controller of Sheng wing investment is Lin Tian Ya, and Lin Tianya is the brother of Lin Tianfu, the real controller of the great bird bird. At the same time, he is also the father of Lin Sien, the director and deputy general manager of the noble bird, and the related party of the listed company.

After Sheng Xiang investment was established, the company intends to provide a loan of 239 million yuan to Quanzhou Chuang Sheng Investment Co., Ltd.

After receiving the above loans, Quan Sheng invested part of the pferable tiger tiger (Shanghai) Culture Communication Co., Ltd. (hereinafter referred to as tiger sports) and increased its capital to tiger sports.

It is estimated that after the completion of the above equity trading, Quan Sheng will hold a stake of not less than 15% of tiger sports, becoming the second largest shareholder of the company.

It is reported that the term of the loan is 10 years and can be extended by mutual consent.

However, the two sides agreed that if the above equity paction (acquisition of tiger sports) failed to be reached before June 30th, Chuen Sheng investment will fully repay all loans before July 10th.

It is worth noting that Chuen Sheng investment was established in January 12th and has not yet started its business.

Lin Kunzhen, a natural person, invested 10 million yuan in holding 100% stake in the company.

The investment of Quan Sheng is small. Once it breaks the contract, the loan of Sheng Xiang will undoubtedly face enormous risk of recovery.

Reporters found that the investment of Chuang Sheng seems to be just a shell company for investment in tiger sports.

According to the agreement between Sheng Xiang investment and Chuen Sheng investment, the above 239 million yuan loan is only used to obtain the sports equity of tiger sports. At the same time, the repayment way of Quan Sheng investment can only be taken to "pfer all the sports shares owned by Tiger stock to Sheng Xiang or its designated person".

In pfer, if the pfer price is equal to or lower than the principal of the loan, the above borrowing shall be regarded as interest free loan, and if the pfer price is higher than the principal amount of the loan, the higher part shall be regarded as the capital cost of the loan.

Reimbursement to Sheng Xiang investment.

From the above point of view, the role of Quan Sheng investment is only for Sheng Xiang to invest in the stock market.

Data show that tiger sports was founded in September 25, 2007, the company's actual control of human Cheng hang.

In 2013, the company achieved operating income of 98 million 380 thousand yuan and net profit of 15 million 120 thousand yuan; in 2014 1~11, the company realized operating income of 120 million yuan, but its net profit was only 350 thousand yuan (Unaudited).

As of November 30, 2014, tiger sports total assets of 179 million yuan, net assets of 149 million yuan.

According to the announcement, tiger sports has sports websites such as tiger sports network and APP sports mobile phone applications. The number of active users on the platform is over 35 million.

Since its establishment, tiger sports has been running more than 100 thousand sports events and sports events online, and has become one of the largest domestic enterprises participating in major business competitions in 2014.

In fact, it is not the end of this round of investment that the curve goes to tiger sports.

The company also announced today that it intends to cooperate with tiger sports in sports industry and Internet industry.

First of all, the two sides will initiate cooperation to set up sports industry fund.

The total scale of the fund is 2 billion yuan, set up in two phases, of which the first phase of the fund is 1 billion yuan.

The precious birds intend to invest 1 billion yuan into the industrial fund in two phases in the next three years. The first phase of the first year will invest 500 million yuan.

You see, cooperation with tiger sports can help tiger's advantage in the Internet industry, promote the development of online business and further enhance the popularity and reputation of the company's brand. On the other hand, the two sides can obtain massive data through content, community and interest sales, understand the user's interest in consumption, and master the core sports crowd with high activity and sticky.