Nine Mu Wang Intends To Set Up An Internet + Industry Fund To Start An Interbank Investment.

Jomoo Prince intends to add 1 billion yuan to set up Internet + Industrial Fund

The announcement of the announcement by the nine herd king said that a wholly owned subsidiary, Tibet's nine capital investment limited liability company (hereinafter referred to as "nine Sheng Investment") is proposed to be established.

The industry fund and fund share were initially set at 1 billion yuan, and the subsidiary will subscribe for 990 million yuan. At the same time, the major shareholder of the company launched a proposed reduction announcement, and the total reduction in the next 6 months will not exceed 14.68% of the total share capital of the company.

In order to disclose this information, the company's stock began to stop trading in May 27th. It is worth noting that the company's share price has pulled out two daily trading boards before the suspension. Only 4 trading days before the suspension, the stock price jumped 40.74%, while the same period was flat, which made the market speculate that the disclosure may have been leaked earlier.

According to the announcement, the investment fund that Jomoo Prince intends to set up will mainly invest in A shares or new three boards.

Life related characteristics of a company's equity, debt or options.

As a matter of fact, 1 billion yuan is right.

It was not a small sum. The money in the company's account was only 885 million yuan at the end of the first quarter, and the money invested was far more than the money in the account.

The company said that large shareholders' cash holdings will be used to invest in the company's assets. The main shareholder of the company is directly holding 338 million shares of the company's unlimited sale shares, accounting for 58.73% of the total shares of the company. Its planned reduction of 84 million 410 thousand shares is based on the closing price of 35.51 yuan / share yesterday, with a reduction of about 3 billion yuan.

Nine Mu Wang has invested huge sums of money in cross - border equity investments to remind investors of YOUNGOR and YOUNGOR in the same industry.

Cross - border investment in other industries, including real estate, has greatly improved the company's performance.

However, the action proposed by the nine Mu Wang also stems from its poor performance. In 2014, the annual report shows that the company achieved a total operating income of 2 billion 68 million yuan, a total profit of 448 million yuan, and a net profit of 350 million yuan, representing a decrease of 17.34%, 34.48% and 34.76% over the same period last year.

Industry downturn and declining performance have become the main reason for the company to expand other businesses.