Allring technology is another acquisition unconditionally through 765 million to buy Lixin media

Yesterday (13) evening, allring technology announcement, the company acquired Hangzhou Lixin media SFC unconditional pass, this is the company for nearly three years of continuous fourth acquisitions unconditionally through. In addition, the company stock since December 14, 2017 opening date for restoration (Thursday).

According to the day before the release of the transactions report shows that the company intends to orange Lixin investment, investment, Scarlett letter investment, boss appliances, gold Zhi and permanent drop of investment through the issuance of shares and cash to buy its total holdings of 100% stake in the media lixin. As of the valuation date, Lixin media 100% equity interest in the assessed value of 768 million yuan, after friendly consultations the parties, Lixin the media 100% stake in the transaction price is determined as 765 million yuan, the stock price of 584 million 300 thousand yuan, the cash price of 180 million 700 thousand yuan.

According to reports, after the completion of the acquisition, Hangzhou Lixin media media quality and customer resources to the listed company's existing media advertising business brings good complementary. So far, allring technology has been initially completed the field of advertising media industry layout, the future will be more emphasis on industry integration.

Mason technologies in recent years to actively seek the double main industry development, the stability of LED industry at the same time, through epitaxial mergers and acquisitions to enter the field of Internet advertising media. And in May 2016 to complete the peak ccgood, hundreds of millions of wireless acquisition, the completion of the acquisition of new Vientiane in January 2017, to further consolidate the strategic layout of the company in the field of mobile Internet advertising media.

Allring technology official said, after the completion of this transaction, Hangzhou Lixin media listed companies with complementary advantages in talents, resources, and other aspects of the business, can produce a strong synergistic effect. On the one hand, Hangzhou Lixin media as a television media advertising business with digital marketing business advertising company, the resources available for listed companies in the Internet advertising channels, expand their scope channels, accelerate the development of digital marketing business. On the other hand, allring technology can obtain Hangzhou Lixin the media have high quality advertisers resources and rich media resources to broaden the channels, listed companies advertising media business areas, enhance the comprehensive competitiveness of allring technology in the advertising media industry.

Allring technology said that after the acquisition, the company will form a full range of advertising and marketing services platform of traditional media and new media coverage, the ability for advertisers to provide integrated solutions and multi dimension in advertising, bring incremental effect is strong for listed companies at the same time, it brings certain synergistic effect to the listed company. Said in an interview before the president allring technology, the company in the Internet advertising industry chain layout has been basically completed, the future will be more to the acquisition of the business, further integration of advertising media company's few use the platform of listed companies.

It is worth noting that, in addition to 3 years of continuous 4 acquisition plan is approved, Mason technologies of large shareholders, before the termination of the reduction plan, attracted market attention.

According to the original reduction plan, Mason technologies actual control and concerted action plan within 6 months to auction, the bulk trading total holdings of 6.29% of the total capital stock since November 1st this year. December 7th allring technology announced that the development of the company's confidence in the future and judgment of current stock prices based on the shareholders decided to terminate this reduction plan, this reduction only completed 1.82% of the total share capital of the shares.

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