Joint Construction Optoelectronics Acquires Timeshare Media

The two-month suspension of the joint venture has finally unveiled the mystery of a major asset restructuring: It intends to acquire 100% of the shares of outdoor advertising industry's leading time-sharing media in the form of cash and issuance of shares, relying on its own LED display manufacturing and The business advantage of sales has expanded into the downstream advertising industry, and it has entered the LED outdoor advertising media industry that has risen in recent years.

According to the preplan, the current merger and acquisition uses a combination of cash payment and issuance of shares, of which 240 million yuan is paid in cash, 620 million yuan is paid in the form of issuing shares, and the issuance price is 15.89 yuan per share. In addition, the company also plans to use the same price, to the company chairman Liu Hujun, the actual controller of time-sharing media He Jilun issued 16.613 million shares of shares, matching financing 260 million yuan, used to pay the cash portion of transaction considerations and transaction costs.

According to reports, Timeshare Media is one of the leading companies in China's outdoor advertising industry. The company pioneered the “timeshare” delivery model of outdoor advertising and developed an advanced e-TSM outdoor media resource management system. At present, Timeshare Media cooperates with more than 10,000 regional media owners or media operators nationwide to establish an outdoor advertising resource database covering 330 cities across the country and 40,000 advertising resources.

According to the company's financial data, the performance of Timeshare Media is very beautiful. From 2011 to October of this year, the company’s operating income was 391 million yuan, 391 million yuan, and 350 million yuan, respectively, and net profits were 073 million yuan, 75 million yuan, and 0.72 billion yuan respectively. Their 2011 and 2012 net profits were comparable, respectively. It was 126.04% and 280.36% of the net profit of Lianjian Optoelectronics during the same period. The counterparty promised that the net profit of the media from 2013 to 2017 will be no less than 87 million yuan, 100 million yuan, 113 million yuan, 122 million yuan and 128 million yuan respectively.

In fact, time-sharing media has always had plans to enter the capital market, but it is a pity that the market has been repeatedly frustrated. According to statistics, Carlyle entered the time-sharing media in 2006; in 2007, when Timeshare Media planned to go public in the United States, it eventually died due to the effects of the financial crisis; in 2012, Blue Cursor planned to acquire 100% of the shares of Timeshare Media to distribute outdoor advertising. But in the end, the two parties to the transaction "have not reached a consensus on measures to improve the trading program" and will be terminated.