Dayang creation announcement last night, given that the company implemented a major reorganization of assets, Yuantong Express Co., Ltd. became a wholly owned subsidiary, the company's main business major changes. In order to meet the company's development needs, the company intends Chinese company name changed to Yuantong Express Co., Ltd., the English name was changed to YTO Express Group Co., Ltd., Securities companies short changed Yuantong Express. There needs to industry and commerce administrative departments of final approval.

13th of this month, Yang Creation received the China Securities Regulatory Commission, "Reply on the approval of Dalian Dayang Creation Co., a major reorganization of assets and issue shares to Shanghai Yuantong Dragon Investment Development (Group) Co., Ltd. to buy assets and raise matching funds." . This means, tact backdoor listing has been formally approved by the SFC, the next Yuantong Express management will complete the final White.

After the backdoor tact or market capitalization rose to Vicki behind winner

Dayang Creation also announced to enter, to meet the development needs of the company, Yang Creation intends to change the business scope: domestic and international express delivery, logistics, domestic air freight forwarders, warehousing services, car rental service, supply chain operations.

Given the significant changes to the company's main business, philosophy, business model, strategy development occurs after a major asset restructuring to adapt to the company's operations require, the creation of the Board Yang Yu, chairman of Yuantong Express will be nominated Jiao, Yuantong courier director Zhang Xiaojuan, vice president Yuantong courier Yu Zhixian Vice president Yuantong Zhang Yizhong, rookie network CEO Tong Wen Hung, general manager of the newly created director of Pan Feng Yun seedlings water company ninth Board non-independent director candidates.

After the completion of the market value or backdoor rose

Behind tact backdoor listing is to support Ali give. Ali and venture capital Feng Yun New Year Yuantong Express had a total investment of 2.52 billion yuan. Announcements, before the backdoor listing, Ali venture holds a 12% stake in Yuantong Express, Feng Yun-ups hold Yuantong Express 8% stake.

After completion of the transaction, Dayang creation total share capital will increase to 2.821 billion shares significantly, the proportion of which is 51.18% -owned dragon, the largest shareholder. Ali venture, Feng Yun-ups were holding diluted to 11.09% and 6.43%, which means Ali Ma holds more than 17.5% of the total tact firmly occupy the second largest shareholder position.

Since tact with rookie network services close to have a synergistic effect, so Ali aspects become Yuantong Express Directors by the novice network CEO Tong Wen-hong as a representative.

As one of the creators of the new shareholder, Feng Yun, Zhao Wei had invested 75 million yuan, holding 2.4422%, is expected to tact listing, Zhao Wei is expected to achieve investment rose.

After the backdoor tact or market capitalization rose to Vicki behind winner

It is reported that, Yuantong Express 2013 revenue 6.2099 billion yuan, net profit of 681 million yuan; 2014 revenues of 8.238 billion yuan, net profit of 523 million yuan; 2015 revenues of 12.044 billion yuan, net profit of 767 million yuan.

After the backdoor tact or market capitalization rose to Vicki behind winner

Yuantong revenue last year, 12.2 billion yuan, net profit of 530 million yuan, while Dayang creation and acquisition of 100% stake in tact just spent only 17.5 billion, therefore, brokers generally believe that tact backdoor listing after the completion of the share price rose to achieve, gains or up to several times. This situation had also occurred in a giant network of the body, the previous price of 13.1 billion giant network backdoor listing Cruise century, but after the completion of the backdoor, the company's value instantly soared to more than 80 billion yuan.

Yuantong Express is currently in revenue and profits and Letv fairly, music Watch revenue last year 13 billion yuan, net profit of 570 million yuan, while the current market value of music Watch more than 90 billion, so there is still much room for appreciation tact.