On July 12, Wuxi Baotong Technology Co., Ltd. issued a notice stating that the shareholders of Shengzhou Shiyao Investment Management Center purchased Baotong's stock with a total value of about 80.07 million yuan, completing the plan for holding the shareholding and increasing its commitment.
It is understood that on June 22, 2018, Baotong Technology and Shiyao Investment signed an equity transfer agreement on Yiyue Network. The agreement stipulates that Baotong Technology will acquire the Baotong Technology Holdings held by Shiyao Investment with its own funds. The company's Guangzhou Yi Fanta Network Technology Co., Ltd. 5.84% of the shares. Based on the global strategy of Baotong Technology, the global distribution and operation of mobile online games has maintained rapid growth, and the development confidence and value recognition of Baotong Technology, Shiyao Investment promised to contribute within one year after receiving the transfer payment. Not less than 80 million yuan to buy Baotong Technology stock.
Prior to the equity transfer, Baotong Technology held a 94.16% stake in Yi Fanta. As the leading mobile phone in China, Yiyin Network is the main contribution of Baotong Technology's revenue and gross profit.
Baotong Technology's profit for the first half of 2019 was 157 million-1.99 billion yuan, which is expected to increase by 10%-40%. The main reason is that the distribution and operation of the global mobile network game of the subsidiary Fantasy Network has maintained steady growth. The company operates “삼국지M” (Three Kingdoms) and “오크:복수의맹세” (King of Kings) and “I A number of boutique mobile games such as MT4" continued to remain stable.
Established in 2000, Wuxi Baotong Technology Co., Ltd. is a private listed enterprise covering two areas of intelligent transportation of bulk materials and mobile internet.