On 3 Aug., 2016, Shandong Longlive
Bio-technology Co., Ltd. (Shandong Longlive) released a revised financial
performance forecast for H1 2016. The forecast was largely revised due to the
company's acquisition of Xiamen Kuaiyun Information & Technology Co., Ltd.
(Kuaiyun Technology) and Winnerspring Union (Beijing) Technology Development
Co., Ltd. (Winnerspring Union) and consolidated their financial statements.
Accordingly, Shandong Longlive's net profit is predicted to reach USD5.65
million-USD7.50 million (RMB37.47 million-RMB49.69 million), up 21%-41% YoY.
Source: Baidu
On 29 July, Shandong Longlive released a
succession of announcements heralding the successful acquisition of 100% equity
in both Kuaiyun Technology and Winnerspring Union through stock issuance and
cash payment for over USD150.88 million (RMB1 billion). More specifically,
-
Kuaiyun Technology: 60% from stock issuance
+ 40% cash payment, transaction price at USD87.51 million (RMB580 million)
-
Winnerspring Union: 50% from stock issuance
+ 50% cash payment, transaction price at USD65.63 million (RMB435 million)
Kuaiyun Technology and Winnerspring Union
are now wholly-owned subsidiaries of Shandong Longlive.
Kuaiyun Technology, China's leading
supplier of big data mining and advertising solutions, holds massive amounts of
data which it collects from 50 million unique users each day. Winnerspring
Union specializes in the development and operation of mobile Internet and
wireless information services and content distribution on these platforms,
providing a variety of value-added services for mobile phone users.
Shandong Longlive is a Chinese corn deep-processing enterprise. It has developed many kinds of products derived
solely from corn. So far, its portfolio spans:
-
Functional sugars like xylo
oligosaccharide, xylitol, L(+)-Arabinose (raw material: corn cob)
-
Second-generation fuel ethanol produced
from waste generated by functional sugar production
-
Starch sugars like high maltose syrup and
crystalline dextrose processed from corn starch (raw material: corn)
In the past few years, Shandong Longlive
has marketed some of its end products, namely soybean milk powder (product
name: Huan Chang), vinegar drinks, oral liquid (product name: Yi Chang Le) and
capsules (product name: Tang Yi Kang) in an attempt to break into the enlarged
health industry.
It is known that Shandong Longlive plans to
construct an "enlarged health + Internet" business through this
acquisition. It will conduct big data analysis and use APP promotion &
marketing to help it accurately position health foods and functional sugars in
the market, especially some of its end products. Additionally, the company
hopes to seek a new source of profit growth with the help of the Internet.
This article comes from Corn Products China News 1608, CCM
About CCM:
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Tag: corn sugars starch