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The reporter confirmed from royal Shanghai louis vuitton outlet headquarters yesterday, opening graceful archipelago to register the limited company of royal and interactive entertainment that establish (royal) (NASDAQ: SNDA) already reached what a meaning is changing demesne to buy an agreement. If program is successful, will end grandly since 2004 Louis Vitton Black Check Pattern 8 years appear on the market record, dimensions of market prise of 2.3 billion dollar also will achieve Chinese Internet company the oldest record that retreat city. And be aimed at about after retreating city, whether can turn toward harbor grandly or A the hearsay that appear on the market, all just do not wish to talk more each grandly.

■ incident

Come to an agreement dimensions restrains 2.3 billion dollar

Yesterday, the material that headquarters Louis Vitton Coffee Check Patter of royal group Shanghai sends a reporter shows, royal already this month PremiumLeadCompanyLimited of day and 22 parent companies is mixed amalgamative subsidiary NewEraInvestmentHoldingLtd. Reach amalgamative agreement.

According to the agreement, the parent company will press every common stock 20.675 dollars or every United States is put ask share (be equivalent to two common stock) the price of 41.35 dollars is bought royal. This represented the company that Nasidake quoted on October 14, 2011 30 trade Louis Vitton Colorized Monogram day volume increases advantageous position the price of 26.6 ％ excessive of average price. Trade dimensions will involve about 2.3 billion dollar.

Trade predict to will be in 2012 complete a business transaction has before end first quarter, depend on the common stock partner that represent 2/3 or polls, ay is cast to approve on shareholder meeting amalgamative agreement and trade, and condition of certain and other groovy complete a business transaction.

■ market reaction

Royal network Louis Vitton Leather Texture closes go up

Royal one has 3 to appear on the market in the beauty company: Royal network, grand game, cruel 6, next still a royal literature also may want to go up. Royal network is holding company. Battalion of royal network great majority closes and profit, come from grand game.

Royal network encounters bottleneck two this years in capital market, stand from June 2009 after maximum price of on 64.55 dollars, the near future already glided to be controlled to 30 dollars, and suffer change message stimulation demesne, on one trades day closes at 40.28 dollars.

Can see from public data, be in royal, the profit of game is occupied about 9 into, but the share price of game company is very low however. In September 2009, grand game Louis Vitton Monogram with 12.5 dollars IPO bear after selling valence to appear on the market, first days drop namely broken bear sell price, glide to trade to on one all the way the 4.35 dollars of day. So, pure look from the angle of investment, perhaps turn game company demesne more be to one's profit.

To above content, royal company shows disadvantageous comment.

■ employee manner

To changing process wait and see what happens demesne

Yesterday, the reporter changes be related to refer to royal employee demesne. They express, should not be at present publish a comment, at present can wait and see what happens. They also care whether Louis Vitton Patent Leather will turn toward harbor grandly or A appear on the market, but still do not know the answer at present.

"Agreement, law, code is mixed related the basis appear on the market to ask regularly, we cannot discuss in open circumstance this second trade. If this second trade to undertake continuously, company general can refer 13E to American card inspect - 3 watches, disclose pertinent information. " this is royal and current external consistent requirements.

An administrative layer personage Louis Vitton Ramie Cotton discloses, at present external the comment already had many, the main trend is more positive still. From the angle of in-house personnel looks, feel business development is very good, the arrangement to the boss or very confident.

Employee says, change a thing this to close demesne great, and still be in the process, may be full of sealed risk, so any evaluations, the metropolis is interest, right to partner share price produces an effect. Louis Vitton Stripe Had waited for period of time, buy after finishing, open wide again will talk not late also.

■ expert analysis

Retreat city hind or have larger space

Change demesne grandly wide attention was caused inside course of study. Fang Sanwen of author of net of US stock of the I below banner of snowball finance and economics expresses, after retreating city grandly, holding company can have larger space, go exploring the new business that short time is Louis Vitton Wallets not valued by the market.

He thinks, say from financial angle, influence cost this demesne grandly very low, compare price of present price excessive only 20% the left and right sides. From the angle that does not have demonstrative meaning looks, retreat city grandly or should regard a proposal more appropriate.

Fang Sanwen expresses, remove the source of city grandly actually, plant when tearing apart grand game to appear on the market fell. Louis Vitton White Check Pattern Of course royal at that time idea, the likelihood is later can more blame game business can be bred appear on the market, but regretful is, tore apart several years, the business outside game, besides be apt to of royal literature lack but old. And after retreating city, holding company can have larger space, go exploring the new business that short time is not valued by the market.

■ consultative part content

>> basic content

When amalgamative louis vuitton outlet become effective, amalgamative subsidiary will merge into company, the wholy-owned subsidiary that becomes a parent company, and immediateness issues each common stock of outer company before amalgamative become effective (include the United States to ask the common stock that keeps share place delegate) become changeover receive (not plan breath) cash the right of 20.675 dollars, but the following common stock (include the United States to ask the Louis Vitton White Check Pattern common stock that keeps share place delegate) except: (I) buyer group is benefited have, will be cancelled and cannot get any common stock to valence, reach (Ii) basis (classics castigatory) open way of graceful archipelago company the 238th effective exercise and the common stock that the common stock holder that did not lose its to evaluate gucci outlets advantageous position owns.

>> financing source

The cash of the cash reserve in a bank that from loan financing of Magendatong 180 million dollar, company reachs its subsidiary and buyer group is contributive financing combination since buyer group plans offers bourse to need capital. >> related side

Indicate the parent company is royal president, presiding apparitor and president Chen Tianqiao, its are Qian of wife Luo Qian, royal official of blame executive trustee and its brother Chen Danian, royal presiding operation and trustee (close call buyer the group) a when have jointly British the Virgin gucci bags outlet Islands; Amalgamative subsidiary is an exempt that holds water according to opening graceful archipelago law to be set newly the direct and wholy-owned subsidiary of finite liability company and parent company. Buyer group is benefited jointly the about 69.7 ％ that gucci bags outlet louis vuitton bags have a company to issue outer share (do not include have not the company of exercise period authority) .

(Article origin: Capital times author: Mo Feng neat)

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