Dalian Zeus Entertainment Co.Ltd(002354) (002354)
Based on the total share capital of 932 million shares, the capital reserve is converted into share capital. The debt repayment price of the converted shares is the average trading price of the company's shares * 2.20, or 7.821 yuan / share, 20 trading days before the second debt meeting. The converted shares are not distributed to the original shareholders
40 million shares are reserved to be disposed and realized in the secondary market according to the provisions of the reorganization plan for the payment of bankruptcy expenses, the repayment of mutual beneficial debts and the supplement of the company's working capital. All the remaining shares are used to directly offset the debts according to the provisions of the debt repayment scheme of the reorganization plan
Upon completion, the total share capital increased to 1663 million shares
The practice of restructuring has achieved good results in debt resolution
Since September 2019, Dalian Zeus Entertainment Co.Ltd(002354) adopting the mode of joint governance of minority shareholders, the new board of directors has appointed a team of professional managers, put forward targeted three strategies of "resolving debt, revitalizing stock and developing increment", and achieved good results. In terms of debt resolution, it is particularly prominent. Without the actual controller, it has successfully completed the judicial reorganization of debt, so as to get the listed company out of trouble and protect the interests of creditors as much as possible. It has set many market records, such as "the fastest private enterprise in restructuring", "the first listed company without actual controller for restructuring" and "the first Internet asset light listed company for restructuring"
No longer liable for repayment and has resumed normal business
At present, Dalian Zeus Entertainment Co.Ltd(002354) operates normally and has the ability to operate independently. The debt reduced or exempted according to the reorganization plan shall not be liable for repayment Dalian Zeus Entertainment Co.Ltd(002354) from the date of completion of the implementation of the reorganization plan. Debt cancellation also means that Tianyu doesn't have to pay huge interest expenses every year. The cost will be greatly reduced, so that more income can be reflected in profits
The effectiveness of corporate governance has been affirmed
The annual meeting of Huaxia institutional investors and the 14th golden cicada award ceremony hosted by Huaxia times in Beijing, Dalian Zeus Entertainment Co.Ltd(002354) won the "annual listed company governance Award" for its excellent governance effect in 2020 and great practical significance to the capital market. At the same time, Dalian Zeus Entertainment Co.Ltd(002354) director, deputy general manager and Secretary of the board of directors, Ms. Liu Yuping won the "annual excellent secretary Award" for her management ability and performance of duties of listed companies
The brand-new attempt of "chess and card + E-sports" has positive market feedback and layout to enter the green electronic chess and card game market
January 18, 2020 On the 19th, the wcaa (World E-sports competition) International University Competition co sponsored by Dalian Zeus Entertainment Co.Ltd(002354) was held in Dalian. Two months after Dalian Zeus Entertainment Co.Ltd(002354) announced its entry into the field of e-sports, it landed in an internationally famous event. Dalian Zeus Entertainment Co.Ltd(002354) the new business model of "chess and card + E-sports" made its debut and announced Dalian Zeus Entertainment Co.Ltd(002354) Start to develop green and compliant electronic chess and card game modes. Try to solve the pain points of the electronic chess and card game industry, increase the stickiness of players and users through e-sports, isolate the risks of suspected gambling through the operation mode of organizing E-sports games by a third party, and promote players to win by technology to reduce the space of chess and card gambling through chess and card competition
Initiated the establishment of the chess and card electric competition industry alliance, hosted the 12th innovation China Forum, and tried to lead the revival of chess and card games
On August 18, 2020, at the Summit Forum on industrial innovation development and governance system construction of the 12th innovation China Forum with the theme of "talking about the innovation of chess and card + E-sports model", experts voiced their voice to analyze the new opportunities brought to the industry by the company's "chess and card + E-sports" business model. Lead the electronic chess and card game industry to the road of rejuvenation. At the forum, the company also proposed to launch the chess and card e-sports industry alliance. Mainstream media published more than 40 relevant reports, including Xinhua news agency, Xinhuanetco.Ltd(603888) , guangming.com, China Daily, Legal Daily, China Science Daily and other authoritative media. Legal Daily published the title "clarifying the boundary between chess and gambling and leading the development of the industry", which clarified the boundary between chess and gambling from the perspective of legal authority and affirmed the company's business model
The green game business model around the new concept of "leisure + sports + Texas" has been recognized; the potential market volume is large
On December 19, 2020, "Ruixue version" of Texas poker master was launched. Shanghai Securities News, securities times and other media reported the product content and business model in detail, and "Dezhou Poker" appeared in the title. This brand-new green business model has also won awards one after another. The "2020 China's top ten business innovation awards" sponsored by Beijing business daily and the "2020 Chinese cultural innovation brand list r cultural innovation iooj" organized by Beijing Cultural Industry Promotion Center. The half page of Beijing Business Daily reported in detail the innovative business model of "chess and card + E-sports" and the launch of the new version of Dezhou poker. The recognition of mainstream media also marks that the new model has been recognized to a certain extent. It is a green and legal business model and game mode that can be assured and accepted by the public and regulators
