Loss of money! Alibaba venture capital reduced 57.66 million shares of light media to cash out more than 500 million shares

category:Finance
 Loss of money! Alibaba venture capital reduced 57.66 million shares of light media to cash out more than 500 million shares


In September 2019, Alibaba venture capital said that it planned to reduce the number of shares of the company by means of centralized bidding or block trading within six months after 15 trading days from the date of pre disclosure announcement of the reduction plan, accounting for no more than 58.6722 million shares, accounting for no more than 2% of the total share capital of the company.

On December 23 last year, Alibaba venture capital announced that it has reduced its holdings of 29.3361 million shares in light media, which is more than half of the planned shares. On March 24, the reduction was completed.

In March 2015, light media released a total of 2.8 billion yuan of non-public offering fund-raising plan. Alibaba venture capital subscribed 99.09 million shares with a price of 24.22 yuan per share. After the public offering, Alibaba venture capital accounted for 8.8% of the total capital after the capital increase, becoming the second largest shareholder of light media.

On March 24, ray media reported a close of 10.08 yuan / share, up 2.54%.

In May 2016, ray media announced that it would increase 10 shares for every 10 shares to all shareholders, and reduce the holding cost of Alibaba venture capital by half. According to the current stock price, over the past four years, Alibaba venture capital is still trading at a loss.

(photo source: report of light media in the third quarter of 2019)

According to light medias 2019 performance express, in the whole year of last year, the company achieved a total operating revenue of 2.819 billion yuan, an increase of 89% over the same period of last year, and the net profit attributable to shareholders of listed companies was 954 million yuan, a decrease of 30.57% over the same period of last year.

In addition to the reduction of Alibaba venture capital, from the perspective of institutional positions, they are also reducing their holdings. At the end of 2018, the number of funds holding light media totaled 220, with 170 million shares held, accounting for 5.78% of the total equity. By the end of 2019, the number of funds holding light media decreased to 50, with 80.353 million shares held, accounting for 2.74% of the total equity.

In 2019, ray media participated in the investment, distribution or promotion and included 18 films in the box office of this reporting period, with a total box office of 13.867 billion yuan, including 5.070 billion yuan for the magic child of Nezha.

On March 5, ray media issued a notice on the delayed purchase of part of the shares pledged by the controlling shareholder. Ray holdings handled the delayed purchase of part of its shares with five pledges, with a total of 87.04 million shares accounting for 6.73% of its shares and 2.97% of the companys total share capital. The delayed repurchase time is half a year to one year later than the original expiration time. The purpose of pledge is to repay the loan and supplement the pledge.

As of March 5, ray holdings held 1.293 billion shares of ray media, accounting for 44.06% of the total, with 689 million shares of accumulated pledge, which was lower than the 785 million shares disclosed in the third quarter of 2019, accounting for 53.29% of its shares and 23.48% of the total share capital of the company. The company said: at present, there is no risk of closing positions or being forced to transfer the companys shares pledged by ray holdings, which will not have a significant adverse impact on the companys production and operation and corporate governance, and there is no obligation to bear performance compensation. Affected by the epidemic, all the films on the Spring Festival in 2020 have been withdrawn. As the main producer, this years Spring Festival Film of light media is Jiang Ziya. This is another cartoon masterpiece launched by light media after the birth of Nezhas devil child. It is not known when it will be released after the withdrawal. Around March 21, many cinemas across the country announced the resumption of work, but most of the films released were remakes. Among them, the devil child of Nezha was also on the remake list. Source: interface news Author: Mei Ling editor in charge: Wang Xiaowu Gu NF

The company said: at present, there is no risk of closing positions or being forced to transfer the companys shares pledged by ray holdings, which will not have a significant adverse impact on the companys production and operation and corporate governance, and there is no obligation to bear performance compensation.

Affected by the epidemic, all the films on the Spring Festival in 2020 have been withdrawn. As the main producer, this years Spring Festival Film of light media is Jiang Ziya. This is another cartoon masterpiece launched by light media after the birth of Nezhas devil child. It is not known when it will be released after the withdrawal.

Around March 21, many cinemas across the country announced the resumption of work, but most of the films released were remakes. Among them, the devil child of Nezha was also on the remake list.