Nanling Civil Explode Acquires 95% Equity of God Axe Civil Explosion

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The story of the reorganization of the Nanling Civil Explosion and the Swordsman Democracy began in 2007. It has been tangled for nearly five years and will end with a full stop. Nanling Civil Explosion announced today that it has issued a share of 10% of the shares of the Summer Axe Inc.’s shareholders to purchase 95.1% of the shares held by Sword Axe. After the completion of the release, Nanling Civil Explosion will hold a 100% stake in the Fighter.

The subject price of the transaction is an evaluation price of 1.674 billion yuan, and the issuance price is 31.46 yuan per share, to determine the total number of shares to be converted to 532.055 million shares. After the company implemented the profit distribution in 2011, the number of shares issued was adjusted to 106.9 million shares, and the issuance price was adjusted to 15.66 yuan per share.

The 10 shareholders of Shen Aximin explosion made a commitment to Nanling Civil Explosion. The net profit of Axe Civil Explosion in 2012 was not less than 121 million yuan, and the accumulated net profit in 2012 and 2013 was no less than 245 million yuan. 2012, 2013 and In 2014, the accumulated net profit will not be less than 369 million yuan. If no commitment is reached by then, 10 shareholders will be responsible for compensating the net profit difference to Nanling Civil Explosion.

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