Home » Reading financial reports in 2 minutes | New battlefield?Ali plans to invest in public travel involving two A-share companies

Reading financial reports in 2 minutes | New battlefield?Ali plans to invest in public travel involving two A-share companies

by admin


Head Figure-5

In the evening of November 17,Public transportationIts Volkswagen Travel welcomes a heavyweight “passenger”.

Public transportation,PublicShuangshuang issued an announcement stating that in order to further promote the development of existing and planned businesses, Volkswagen Travel plans to increase its capital and shares to introduce investor Ali. After the capital increase is completed, Ali will hold a 10% stake in Volkswagen Travel.

According to the agreement, Ali will invest a total of 40 million yuan in Volkswagen Travel in two phases after reaching the conditions of the relevant agreement.

What is the appeal of mass travel? Why does Ali want to buy shares?

Public information shows that the public travel app is an app launched by the public transportation on March 30, 2016.

Just before Ali’s capital increase and shareholding, the original shareholders of Volkswagen Travel made fine-tuning. On November 11, Dazhong Public and Dazhong Transportation and Dazhong Enterprise Management signed a “Share Transfer Agreement” in Shanghai. Dazhong Public transferred its 21% shares of Dazhong Travel, or 52.5 million shares, to Dazhong Transportation and Dazhong Enterprise Management. Among them, Dazhong Transportation received 30 million shares, and Volkswagen Enterprise Management received 22.5 million shares. Since Volkswagen Public has not yet paid the actual capital contribution to the above 21% shares, the transfer price is 0 yuan.

After the share transfer, Dazhong Public holds 35 million shares of Dazhong Travel, accounting for 14% of Dazhong Travel’s total shares; Dazhong Transportation holds 130 million shares of Dazhong Travel, accounting for 52% of Dazhong Travel’s total shares; Dazhong Enterprise Management holds Dazhong Travel 85 million shares, accounting for 34% of the total shares of Volkswagen Travel.

See also  Milan, agreement with the sponsor: 30 million per season and "naming right" of the center of the youth sector and of the women's team

After the capital increase is completed, Alibaba (China) Network Technology Co., Ltd. and/or its designated related parties will hold 10% of the equity of Volkswagen Travel. Equivalent to a post-investment valuation of 400 million yuan.

2 minutes to read the financial report | Weilai, with a net loss of 1.9 billion, wants to continue to “burn money”, Hong Kong stocks listing blocked

Reading the financial report in 2 minutes | Guangzhou Langqi has been punished for nearly 13 billion fraud in two years

2 minutes to read the financial report | Tencent’s third quarter revenue grows steadily, R&D investment hits a new single-quarter high

8.××% wealth management vouchers, the quota is limited, first-order first-served, each user is limited to one purchase >>

Massive information, accurate interpretation, all in Sina Finance APP

Editor in charge: Wei Xiaodan

.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy