Eastmoney Information Co.,Ltd. (SZSE:300059) entered into a letter of intent to acquire 70% stake in Xizang Securities Co., Ltd. from Zhengzhou Yutong Group Co on February 12, 2015. Eastmoney Information signed an acquisition of assets agreement with Zhengzhou Yutong Group on April 15, 2015. Eastmoney Information will also acquire 30% stake in Xizang Securities Co., Ltd from Tibet Autonomous Region Investment Co., Ltd. The combined consideration for both the transaction is CNY 4 billion. Eastmoney Information will issue 140 to 150 million shares at the price of CNY 28.53 for the acquisition.

Eastmoney Information Co.,Ltd reported total assets of CNY 6.52 billion, revenues of CNY 836.62 million and net profit of CNY 210.48 million in 2014. The transaction requires the approval from the People's Government of Tibet Autonomous Region, Eastmoney Information stockholders and the China Securities Regulatory Commission. The transaction already received approval from the Directorate of Zhengzhou Yutong Group Co., Ltd. and Eastmoney Information's 18th session of the 3rd Directorate. Shareholders of Eastmoney Information Co.,Ltd. approved the transaction. As on May 26, 2015, Eastmoney Information will issue 108 million shares as consideration for 70% stake in Xizang Securities. China International Capital Corp. Ltd acted as the financial advisor to Eastmoney Information Co.,Ltd.

Eastmoney Information Co.,Ltd. (SZSE:300059) completed the acquisition of 70% stake in Xizang Securities Co., Ltd. from Zhengzhou Yutong Group Co on December 14, 2015.