Leyard plays big in mergers and acquisitions, spending 890 million yuan to incorporate two companies

Leyard (300296) announced on the evening of September 17 that the company plans to purchase 100% of the shares of Lifeng Culture held by 10 counterparties including Zhou Lihe and 99% of the shares of Jin Lixiang held by 9 counterparties including Lan Xia through the issuance of shares and payment of cash, and raise supporting funds.

After negotiation between the parties to the transaction, the total consideration for 100% shares of Lifeng Culture was determined to be 647 million yuan. After consensus among the counterparties of Lifeng Culture, Leyard agreed to acquire 12.48% of the shares of Lifeng Culture from Yan Rongcheng and CICC Huachuang for a consideration of 100 million yuan (the cash source is the matching funds raised this time), all of which will be paid in cash; to Zhou Lihe, Zhou Lihe, Eight shareholders of Lifeng Culture, including Zhu Xiaoli, Dai Xu, Guotong Hongyi, Shenzhen Juland, Elite Investment, Haihui Venture Capital and Li Mingzhi, paid a consideration of 547.15 million yuan for the 87.52% shares they held in Lifeng Culture, all of which were paid for by Leyard's non-public issuance of shares.

The transaction price of 99% of the shares of Jinlixiang held by nine counterparties including Lan Xia is 240 million yuan. The listed company will pay the transaction consideration to each counterparty of Jinlixiang in equal proportions by issuing shares and paying cash. Among them, the listed company will pay 72.57325 million yuan of the transaction consideration in cash (the source of cash is the supporting funds raised this time, and 168 million yuan of the transaction consideration will be paid in the form of non-public issuance of shares.

In addition, the company plans to issue shares to the Leyard Employee Stock Ownership Plan to raise supporting funds. The total supporting funds will not exceed 238.26711 million yuan. Calculated based on the issuance price of 10.61 yuan/share (after ex-rights and dividends), the number of shares issued will not exceed 22,456,843 shares.

After the completion of this transaction, the listed company's total assets, net assets, revenue, net profit level, and basic earnings per share will increase significantly.

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