Baolingbao 1 billion 666 million mergers and acquisitions of enterprises – Sohu financial education -faxuan.net

Baolingbao 1 billion 666 million M education service enterprises – Sohu financial daily economic news reporter Yang Jingyao baolingbao (002286, SZ) today announced that intends to issue shares and to pay cash to buy new international and new entry exit through equity and Hangzhou Shawn three companies. At the same time, raise matching funds not more than 700 million yuan, to pay for the transaction cash consideration, and invest in Learning Mall construction projects and international education online service platform project. Related stock movements "daily economic news" reporter noted that in the baolingbao merger, referred to the private education non enterprise units to obtain a return risk restricted trading the underlying assets. For this stage, many A shares of cross-border mergers and acquisitions education enterprise, the famous economist Song Qinghui on the "daily economic news" reporter said, "non enterprise education resources is a part of education enterprise indispensable, but profitability is limited, which is the individual education enterprise to landing A shares market difficulties the main reason." The new system shows a high premium on the acquisition of the company baolingbao announced plans, intends to issue shares to the counterparty to 11.59 yuan shares, and pay 146 million yuan in cash, the total price of 1 billion 666 million yuan, the purchase of new international 100% stake in new entry and exit 60% stake in Hangzhou 45% stake in Shawn, after two of the rest of the company owned by the new international directly or indirectly. At the same time, intends to 11.59 yuan of non-public offering of shares, the issue of not more than 60 million 400 thousand shares, raising matching funds of not more than 700 million yuan. For payment of the transaction cash consideration, and invest in Learning Mall construction projects and international education online service platform project. The subject of the transaction, the interests of all shareholders to the estimated value of about 1 billion 232 million yuan, the estimated value of about 1 billion 187 million yuan, value-added rate of 2693.37%; the new entry and exit of shareholders’ equity of the estimated value of about 611 million yuan, the estimated value of about 603 million yuan, value-added rate of 7815.67%; Hangzhou Shawn estimated the value of all equity shareholders the estimated value of 151 million yuan, 141 million yuan, value-added rate of 1468.92%. The estimated value of the three underlying assets has a larger increase than the book value. This baolingbao said the new immigration as an overseas investment and settlement services, with characteristics of light assets, the carrying cost can not reflect the future profitability of the enterprise value of all. The announcement shows that Xin Tong International is an international education service provider with a complete international education service chain, as well as an influential domestic and language training institution. Counterparty commitment, from 2016 to 2018, the net profit of the target companies were not less than 115 million yuan, 144 million yuan, 179 million yuan. Return on investment or restricted the "daily economic news" reporter found that in the restructuring plan, said the new international assets include 16 engaged in private education of non enterprise units, the private education of non enterprise units mainly engaged in international business and language training courses. And according to the current "Private Education Promotion Law" and "people".

保龄宝16.66亿并购教育服务企业-搜狐财经   每日经济新闻记者 杨敬尧  保龄宝(002286,SZ)今日发布公告称,拟发行股份及支付现金购买新通国际、新通出入境和杭州夏恩三家公司股权。同时募集配套资金不超过7亿元,用于支付本次交易现金对价,及投入Learning Mall建设项目和国际化教育在线服务平台项目。   相关公司股票走势 《每日经济新闻》记者注意到,在保龄宝的并购预案中,提到了交易标的资产中民办教育非企业单位取得回报受到限制的风险。对于现阶段众多A股公司跨界并购教育企业,著名经济学家宋清辉对《每日经济新闻》记者表示,“非企业教育资源是教育企业不可缺少的一部分,但盈利能力有限,这也是单独的教育企业欲登陆A股市场困难重重的主要原因。”  高溢价收购新通系公司  保龄宝发布的预案显示,拟以11.59元 股向交易对方发行股份,并支付现金1.46亿元,共计作价16.66亿元,购买新通国际100%股权,新通出入境60%股权,杭州夏恩45%股权,后两家公司的其余股权由新通国际直接或间接持有。  同时,拟以11.59元 股非公开发行股份,发行不超过6040万股,募集配套资金不超过7亿元。用于支付本次交易现金对价,及投入Learning Mall建设项目和国际化教育在线服务平台项目。  对于本次的交易标的,新通国际股东全部权益预估值约为12.32亿元,预估增值约11.87亿元,增值率2693.37%;新通出入境全部股东权益预估值约为6.11亿元,预估增值约6.03亿元,增值率7815.67%;杭州夏恩股东全部权益的预估值为1.51亿元,预估增值1.41亿元,增值率1468.92%。三个标的资产的预估值较账面值都存在较大增幅。对此保龄宝表示,新通出入境作为一家海外投资和定居服务机构,具有轻资产的特征,其账面成本不能全部反映企业未来获利能力的价值。  公告显示,新通国际是拥有完整国际化教育服务链的国际教育服务提供商,也是国内颇具影响力的留学及语言培训机构。交易对方承诺,2016年度至2018年度,标的公司净利润分别不低于1.15亿元、1.44亿元、1.79亿元。  投资回报或受限制  《每日经济新闻》记者发现,在重组方案中,提到新通国际资产中包含了16家从事民办教育的非企业单位,这些民办教育非企业单位主要经营语言培训和国际课程业务。  而根据现行《民办教育促进法》及《民办教育促进法实施条例》,民办教育属于公益性事业,民办学校的出资人可以从办学结余中取得合理回报,“合理回报”指“民办学校在扣除办学成本、预留发展基金以及按照国家有关规定提取其他的必需的费用后的结余的一定比例”,对此保龄宝表示:“民办学校的合理回报与公司制法人取得的经营利润存在一定不同,但考虑到民办教育非企业单位与新通国际其他业务的整体协同性,仍将民办教育非企业单位纳入了本次重组的交易范围。存在上市公司自交易标的资产中民办教育非企业单位取得回报受到限制的风险。”  交易对方承诺:“截至本次重组完成后第三十六个月末,如果国家未出台经营性民办教育机构的登记办法,本次重组交易涉及的民办教育非企业单位不能转为经营性民办教育机构,承诺方同意按照本次重组交易中保龄宝购买民办教育非企业单位所支付的全部对价对保龄宝进行现金补偿。”  业内人士对记者表示,现在的传统留学公司面临着生源的问题,大量留学机构的开设不断进行着分流,而对于新通国际来讲,非企业教育资源是较好的流量入口。相关的主题文章:

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