Newsletter summary
Chinese Confucianism (00136)BonzaspinsHK) agreed to buy 100% equity of Beijing Youai Mutual Entertainment Technology Co., Ltd for 259 million yuan.BonzaspinsTo expand the business of information services The core asset of the target company is "command & conquer：red alert ol" game research and development, and the project is expected to have considerable commercial value in the future.
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China Ruyi Group wholly-owned acquisition of Youai Mutual Entertainment Technology, with a transaction value of about 259 million yuan. (China Ruyi Group recently announced that its subsidiary Beijing Ruyi has successfully completed the 100% equity acquisition of Beijing Youai Mutual Entertainment Technology Co., Ltd. (target company). The transaction value is about 259 million yuan, which is expected to further enrich the group's business territory. The transaction was reached through an equity transfer agreement, and the sellers are Beijing Lightning Information Technology Co., Ltd. And Beijing Youyi Technology Co., Ltd. After the completion of the equity transfer, the target company will become an indirect wholly-owned subsidiary of China Ruyi Group. At the same time, the financial performance, assets and liabilities of the target company will also be included in the group accounts. As a limited liability company registered in China, the target company mainly focuses on information service business. As of the date of announcement, the shareholding structure of the company is 94.1047% held by seller An and 5.8953% by seller B. What has aroused widespread concern in the market is that the core asset of the target company is the R & D assets of the "command & conquer：red alert ol" game. The IP of this game project comes from the well-known stand-alone game IP "Red Alert (RedAlert)" of ElectronicArts Company in the United States. With its deep market foundation and wide range of players, it occupies an important position in the mobile game market. In the course of operation in the past three years, the "command & conquer：red alert ol" project has performed steadily and demonstrated good market competitiveness. China Ruyi Group is optimistic about the future revenue prospects of the "command & conquer：red alert ol" project. The company believes that based on the simulation game life cycle, the project can continue to contribute considerable revenue in the future. At the same time, its R & D assets are expected to maintain high commercial value, in line with the group's acquisition criteria. Through this acquisition, the business territory of China Ruyi Group in the field of information services will be further expanded, which will help to enhance the group's competitiveness in the field of new economy. At the same time, the joining of the target company will also contribute new performance growth points for the group and bring more robust investment returns for shareholders.
