The block chain craze has swept the listed companies, but the progress of individual listed companies in the block chain business has not been smooth.
On August 23, Shenzhen Datong, a listed company, announced its plan to terminate the acquisition of blockchain companies. As early as February of this year, Shenzhen Datong announced plans to issue shares to buy equity in blockchain companies, but the acquisition plan has been repeatedly postponed since then, resulting in suspension of trading for six months. Due to the acquisition collapse, Shenzhen Chase's stock price fell to the limit after the resumption of trading yesterday.
Shenzhen Datong stated that the termination of the acquisition is based on consideration of factors such as market environment, company development strategy, transaction costs and risk control. Although the acquisition fails, it will not change the strategy of entering the blockchain.
The negotiation lasts for half a year
Three postponed resumption of trading
In February of this year, Shenzhen Datong, a cultural technology industry company, issued a suspension announcement, planning to issue shares to buy equity in blockchain companies. According to the announcement, the underlying assets are all or part of the equity of Blockchain Technology (Beijing) Technology Co., Ltd. (hereinafter referred to as "Block Unicom") and Jingdao Tianxia (Beijing) Technology and Trade Co., Ltd. (hereinafter referred to as "Jingdao Tianxia") , The controlling shareholders are Zheng Yu and Hao Yunan. It is understood that Blockchain is an innovative blockchain company, developing "Blockchain Ecology", "Interactive Credit Wechat Brand", "Internet of Things Wisdom Traceability", "Smart Asset Verification Transaction", etc. based on dynamics The application module of decentralized blockchain technology; Jingxiantianxia is the earliest company in China to deploy blockchain technology, and its online "media purchase" blockchain e-commerce based on the national chain has been launched. Commodity traceability, poverty alleviation and entrepreneurship, user sharing, distributed public participation in bookkeeping, and merchant interoperability are operated to promote the circulation of tokens. The previously disclosed announcement information shows that for the valuation of the two companies, Shenzhen Datong only gave an estimated value range: Blockchain communication is 30 million yuan-50 million yuan, and well sold in the world is 90 million yuan-120 million yuan.
However, Shenzhen Chase's original plan to resume trading within one month was finally postponed three times. On August 23, Shenzhen Chase suddenly announced the termination of the acquisition plan and will resume trading the next day. Regarding the reasons for this termination, Shenzhen Datong explained that “the company and the counterparty failed to reach an agreement on the provision and verification of core transaction terms and related information, and it is difficult to form a concrete and feasible plan to continue the issuance of shares. Purchase of assets".
Why is it so difficult for a blockchain company to win? Shenzhen Datong believes that the main reason is that the acquisition of assets involves a large amount of work. "The work involved in the issuance of shares to purchase assets is relatively large, and the related work has not been completed. The plan for issuing shares to purchase assets needs further negotiation, determination and improvement." . However, two days ago (that is, August 21), Shenzhen Datong just released the "Chase Trusted Alliance Chain Technology White Paper" to express its determination to enter the blockchain.
Be wary of listed companies
Hype the concept of blockchain
It is worth noting that at the investor briefing held on the interactive platform of Panorama Network on August 23, investors raised a number of questions about the termination of the acquisition of blockchain companies by Shenzhen Chase.
At the briefing meeting, some investors questioned the long suspension of Shenzhen Chase. Shenzhen Chase explained that there are two blockchain companies in the target of this merger. This is a brand new field. It takes a lot of time and energy to check related business models and work verification, which takes a long time.
Some investors also pointed out that the WAC issued by the blockchain company has already been traded on several digital currency exchanges. At present, the domestic regulation of digital currency is strict and domestic transactions are prohibited. Shenzhen Datong believes that the company values ​​the strong technical development capabilities of Blockchain Communication and the business model of Blockchain Mall.
In addition, Shenzhen Chase believes that in addition to the acquisition of blockchain companies, the company has many forms of layout in the blockchain field. The "Technical White Paper on Chase Trusted Alliance Chain" previously released by the company is a milestone in "solving data opacity, false traffic, advertising fraud, and personal privacy leakage in the media industry."
The blockchain technology of the alliance chain refers to the blockchain that can be controlled by pre-selected nodes in the consensus process. The person in charge of the blockchain business of a network technology company believes that the alliance chain, as a blockchain, has played a technological lead and business innovation in the corporate market, achieving the effects of disintermediation, improving efficiency, and saving costs. It is currently in the early stage of technology realization , There will be large-scale applications in the future market in the alliance chain, which is worth looking forward to.
Is Shenzhen Chase a real acquisition or a speculation concept? There is no answer to this question. However, since the beginning of this year, many listed companies have attracted the attention of regulatory authorities due to hype about the concept of blockchain. After the announcement of the termination of the acquisition of the blockchain company by Shenzhen Chase, the trading limit was resumed yesterday.
A number of brokerages stated in their research reports that the blockchain is currently in the early stages of development, and investors should be wary of the risk of the company's hype concept.
Shanxi Securities said that at present, the internal and external factors of blockchain technology are not available, and the industry trend is difficult to distinguish. Most listed companies are still in the early stage of exploring the blockchain, and there are few substantive projects.
Centaline Securities also pointed out that the companies involved in blockchain are basically at the stage of exploring the application of blockchain, and it is still unclear how to make a profit. The degree of commercialization is low. It is still doubtful whether there will be a real explosive product launch in the future. Therefore, we must be alert to the risk of speculation.
China Galaxy (Hong Kong Stock 06881) Securities believes that there are many A-share listed companies that focus on "chain circles" and have made good progress in alliance chains and private chains. However, whether they can be successfully commercialized, is it better than centralized Whether the system is safer and more efficient, and whether it can generate considerable profits remains to be verified. It is recommended to treat the hype of the blockchain objectively.
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