Xu Jiayin sold 11% of Hengteng Networks (00136.HK) shares and returned 3.25 billion Hong Kong dollars.
On the evening of August 1, Hengteng Network announced that the controlling shareholder China Evergrande (03333.HK) signed an equity transfer agreement with the buyer, and the buyer 1 Tencent Holdings presses 3.2 The acquisition of 7% of the company’s shares at a Hong Kong dollar price for a total consideration of 2.068 billion Hong Kong dollars. Buyer 2 purchased 4% of the company’s shares at a price of 3.2 Hong Kong dollars for a transaction consideration of 1.182 billion Hong Kong dollars. The total consideration of the two transactions was HK$3.25 billion.
The announcement shows that after the completion of the transaction, Tencent Holdings and Buyer 2 will hold approximately 23.9% and 4% of the issued share capital of Hengteng Network, respectively, while China Evergrande will hold Hengteng Network’s issued share capital is approximately 26.55%.
In June of this year, China Evergrande once transferred 739 million shares of Hengteng Network to Ruyi Pictures and Pumpkin Film’s founder Ke Liming at HK$6 per share. This part accounted for 8% of the total share capital, with a return of 4.433 billion Hong Kong dollars. After the completion of the transaction, China Evergrande became the largest shareholder with 37.55% of shares, and Ke Liming’s shareholding increased to 20.5% to become the second largest shareholder.
Before trading suspension, Hengteng Network reported 3.42 Hong Kong dollars per share, with a total market value of 31.582 billion Hong Kong dollars.
Hengteng Network’s 2020 annual report data shows that the company’s revenue is 230 million yuan, a year-on-year decrease of 31.7%; gross profit is 110 million yuan, a year-on-year decrease of 45.5%; gross profit margin is 47.9% , The net profit is 12.02 million yuan, and the net profit margin is 5.2%; the profit attributable to the company’s owners is about 12.022 million yuan, a year-on-year decrease of about 87%.
The management of Hengteng Networks once discussed the content production and purchase plan of the pumpkin movie in the next three years at the company’s 2020 performance meeting. The management said at the time that there were 500 dramas purchased + self-produced at the level of TV dramas within three years, with a total of 60 movies. Specifically, in 2021, it is estimated that the total production and purchase of TV series will be about 1,000 episodes, and the number of movies will be 10-15. In 2022, it is estimated that 1500 TV series will be produced and purchased, 20 movies will be produced and 2500 episodes will be produced and purchased in 2023, and 25 movies will be produced and purchased in 2023. .