Eastmoney Information Co.,Ltd. (SZSE:300059) entered into a letter of intent to acquire 30% sake in Xizang Securities Co., Ltd. from Tibet Autonomous Region Investment Co., Ltd on March 20, 2015. On April 15, 2015, Eastmoney Information Co.,Ltd. signed an acquisition of assets agreement with Tibet Autonomous Region Investment Co., Ltd. Eastmoney Information will acquire 100% stake in Xizang Securities for CNY 4 billion. Eastmoney Information will issue 140.2 million to 157.73 million shares at CNY 28.53 per share for 100% stake of Xizang Securities. In a related transaction, Eastmoney Information plans to issue shares to raise CNY 1.5 billion as supporting funds. Xizang Securities 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, approval of Eastmoney Information's stockholders and the China Securities Regulatory Commission. The Board of Tibet Autonomous Region Investment Co., Ltd and Eastmoney Information Co.,Ltd approved the transaction. As on May 26, 2015, Eastmoney Information will issue 154 million shares to acquire 100% stake in Xizang Securities. As of June 11, 2015, the shareholders of Eastmoney Information approved the transaction. On September 29, 2015, China Securities Regulatory Commission approved the transaction. China International Capital Corp. Ltd. acted as the financial advisor to Eastmoney Information.