New Xishanju valuation in the MBO of 9.45 billion Hong Kong dollars, about 8 billion yuan.
(Meng Hong)
MBO at 1.89 billion Hong Kong dollars in funding, only 20% (3,800 million) from 26 co-founder of staff to raise the remaining 80% (about 151 million Hong Kong dollars) is from the Gold Peak Group loans. It is noteworthy that the loan repayment rate is only promised, but did not mark the exact terms of repayment.
accordance with the above adjustment programs, the new Xishanju will be carried out by the game operator Beijing Kingsoft authorization, access to appropriate profits. Matters such as the Joint Operations led by the Beijing Kingsoft, the new Xishanju does not specifically involved in different business model, but according to the framework agreed by the parties authorized to obtain the appropriate operating profits.
Jinshan Games CEO, Chief Executive Officer of the new Xishanju Zou told Sina science and technology, the new Gold Peak Group will Xishanju on performance appraisal, and termination of this as whether to exercise the right of lending standards.
sources, Xishanju five decision-making committee, at least one person not involved in the MBO, and plans to work after years of adjustment. The committee members include Zou, Zhan Yang Zhen, Tang Hongliang, Chen Feizhou, Shen Feng Liang.
Jinshan Group Xishanju of the MBO, as the first step in Jinshan game share reform. Clearly this statement implies, Jinshan will continue to reform the game. The tip of the iceberg.
yesterday afternoon, officially announced Jinshan Group, announced that its game studio Xishanju the MBO completed, will control the new Chengdu Xishanju Xishanju Zhuhai Jinshan and other departments. The founder of the 26 employees Xishanju 189 million dollar investment in exchange for 20% stake in the new Xishanju, and Gold Peak Group is entitled to the remaining 80% of the shares.
for Xishanju the MBO, Kingsoft chairman and CEO Pak Kwan Kau said the move would opportunities for the operation and the company will also motivate them to contribute more to Xishanju then Xishanju improve the overall value.
in the next year, Jinshan game's other game studios, will follow the model of Xishanju restructuring, and in the Golden Hill of Beijing games division (referred to as Beijing Kingsoft), will be dedicated operations center. Kingsoft's business throughout the game will be a clear division of labor based on the full realization of relatively independent operating subsidiaries.
complete performance management gambling MBO
connection with the SAN, Zou said he, as executive director of Gold Peak Group, will participate in the restructuring process of the other studios, but not necessarily being involved in the final of the MBO. In all the above-mentioned adjustment is complete, Jinshan Zou Games also plans to step down the role of CEO, focusing on new Xishanju and so on.
> related news: Kingsoft game share reform first step: MBO Jinshan announced the completion of the game Xishanju Xishanju MBO completed: the share reform, released today announced the fastest transmission backbone Qiu Bojun blue half of Hong Kong did not dig Xishanju Li Wang Feng Xishanju launch the tenth anniversary of JX Online 2 Xishanju Software Games reorganization of assets intended to withdraw from rivers and lakes listed Jinshan
SAN Jan. 25 morning news, in the valuation of 800 million yuan of Xishanju MBO (management buyout) to complete behind the possession of the management and the Jinshan Group on the performance of the gambling, but the condition is not harsh. Management of future new Xishanju will be adjusted. And this is only 2011, Kingsoft game the first step to achieve a comprehensive restructuring.
threshold is the net profit of 90 million yuan.
Jinshan game during the full conversion
full conversion will be completed during the year, when the concept of the game Jinshan will now be completely different.
Although the parties Xishanju restructuring generally good, but not every employee want to participate. After all, not only to employees in MBO investors subscribe for shares, but also in the service of non-compete and so make a commitment. In the announcement, the 26 employees involved in the MBO Xishanju name, was also not disclosed.
If less than this value, participate in the MBO team is likely to need within five working days, to pay off all loans. But this is not a demanding requirement. It is reported that Xishanju net profit last year, has more than one hundred million yuan.
No comments:
Post a Comment