The UHVDC project enters the cash-out period

After market hours yesterday, Xu Ji Electric issued an announcement that Xu Ji Group Co.
, Ltd.
, the company's controlling shareholder, pre-won the bid for the "State Grid Corporation's first equipment bidding and procurement of the Zarut-Qingzhou ± 800kV UHVDC project in 2016", with a total bid amount of about 948 million yuan
.
The relevant products and businesses of the controlling shareholder who won the bid this time will be provided
by the company.
Xu Ji Electric said that the performance of the contract will have a positive impact
on the company's future business performance.

It is worth noting that some market analysts pointed out that since last year, the high-voltage DC charging project in the company's industry has entered the cashing period, which will obviously help the company's performance rebound
.
In particular, the approval of UHVDC power generation projects has accelerated, with 6 lines approved in 2015 (4 tenders) and 4-5 tenders
in 2016.
The company will directly benefit from HVDC projects, and the competitive pattern of UHVDC sector is stable, and the DC transmission sub-business is expected to maintain relatively high-speed growth
for 2-3 years.

Ningbo Fubon plans to raise 3.
9 billion yuan for cross-border mergers and acquisitions of game assets

Yesterday evening, Ningbo Fubang issued a restructuring plan, the company intends to issue 112.
6979 million shares at 18.
57 yuan per share, and pay 1.
807 billion yuan in cash, with a total price of 3.
9 billion yuan to acquire 100% of the equity of Tianxiang Interactive (for a consideration of 3.
75 billion yuan) and 100% of the equity of Tianxiang Interactive (for a price of 150 million yuan); At the same time, it is proposed to raise up to RMB1.
843 billion at RMB18.
57 per share of non-public shares to pay cash consideration and related expenses, of which Fubon Holdings, the Company's controlling shareholder, and its affiliates intend to subscribe for a total of about RMB1 billion
.
As the SSE will conduct a post-review of relevant documents, trading of the company's shares will continue to be
suspended.

According to the plan, the estimated valuation of 100% equity of Tianxiang Interactive Entertainment is 3.
753 billion yuan, the estimated appreciation rate is 604.
67%, and the provisional transaction price negotiated by the two parties is 3.
75 billion yuan
.
At present, the main game products of Tianxiang Interactive Entertainment include "Flower Thousand Bones", "Blood Elf King", "Three Kingdoms Power Enhanced Edition" and so on
.
According to the Asset Purchase Agreement signed by the listed company and the counterparty, He Yunpeng, Chen Chen and other 11 performance commitment parties promised that the net profit attributable to the owners of the parent company in 2016, 2017 and 2018 was not less than 300 million yuan, 360 million yuan and 432 million yuan
.
All shareholders of Sky Interactive promise that the net profit attributable to the owners of the parent company in 2016, 2017 and 2018 shall not be negative, otherwise it will be compensated
in cash.

The analysis believes that after the completion of this transaction, the company will transform from a single aluminum profile processing and sales enterprise into a diversified listed company
in parallel with the traditional aluminum processing industry and mobile online game research and development, distribution, operation and incubation business.
After the completion of the transaction, the risk of cyclical fluctuations of a single business of the listed company will be dispersed, the income structure of the main business will be improved, and the transformation and upgrading and structural adjustment will be realized, which is conducive to building a business portfolio with low volatility risk and broad prospects, promoting the leapfrog development of the company's business, and achieving a steady and continuous improvement
of the company's overall profitability.

Huiguan plans to acquire assets of 800 million yuan to increase the education service business

Yesterday evening, Huiguan announced that the company intends to pay 241.
8 million yuan in cash to the counterparty and issue 19,125,416 shares at 29.
50 yuan per share for 806 million yuan, to acquire 100% of the equity of Guangdong Hengfeng Information Technology Co.
, Ltd.
and increase the company's education service business
.
At the same time, the company intends to raise supporting funds of not more than 51,700,000 yuan through non-public offering of shares, which will be used to pay cash consideration for the purchase of the underlying assets and the construction and operation of
smart education cloud computing data center projects after deducting the issuance expenses.
The announcement disclosed that the shares of listed companies continued to be suspended
.

Market analysis believes that through this transaction, the listed company will realize the organic combination of intelligent education equipment and education informatization, obtain downstream education customer resources while improving profitability, and lay the foundation
for the final realization of intelligent education service ecosystems around education equipment, education informatization, education content, and education scenarios.
At the same time, the transaction will help improve the profitability of the listed company, and Hengfeng Information promises to achieve a net profit of not less than 52 million yuan, 65 million yuan and 81 million yuan
from 2016 to 2018, respectively.