A-share listed companies contacted Interactive announced, intended to 1.77 billion yuan (about NT $ 8.8 billion yuan) acquisition of the second-largest electricity supplier Newegg (Newegg), after completion of the acquisition, will hold interactive contact Newegg 55.7% stake.
Beijing to report stories, announcements, contact Interactive intends to purchase 55.7% interest in the new egg net by way of cash payments, invested price of about 1.77 billion yuan. Contact interactive side said, after the completion of the transaction Newegg will become a subsidiary of listed companies.
Contact Interactive, said the transaction is completed, the total assets of listed companies, the scale of revenue will be improved, while improving the overall competitiveness of listed companies, marketing capabilities, resource control and sustainable development. But contact interaction also said that as part of the new egg net electricity supplier industry, after completion of the transaction need to be integrated in the contact interaction of organization, personnel, business, finance, management and other aspects, there are some acquisition integration risk.
Contact Interactive said that the new egg net is a high-profile, consumer confidence and strong business platform, with the wisdom of hardware promotion and sales of natural advantages. After the completion of the acquisition, will become an important sales and business intelligence hardware realization of the pipeline, but also can effectively complement the company's existing pipeline to promote its products.
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