Yin-Yang contract triggers earthquake in the film and television sector

Yin-Yang contract triggers earthquake in the film and television sector
Under the “ignition” of Cui Yongyuan, the film and television industry caused a round of earthquakes, and the related Huayi Brothers and Tang De Films fell the most.  Zhao Yangge Picture Source: Photograph. Weekend, news about “Mobile 2” spread through the circle of friends on Weibo, and the State Administration of Taxation instructed tax authorities in Jiangsu and other places to investigate and verify the tax-related issues of film and television practitioners’ “yin-yang contract”This event escalated.On June 4, the A-share film and television sector was also greatly affected.  Huayi Brothers (300027.(SZ), as the producer of “Mobile Phone 2”, bear the brunt of most of the time in the call auction, and finally set the opening price at 7.39 yuan, down 9 from the previous trading day.66%.Also embarrassed is Tang De Film and Television (300426.SZ), in the time of the collective auction, a series of Tangde Films touched the limit price several times, and finally fell sharply with a gap.42% opened, and under the leadership of two benchmark stocks, the entire film and television sector was quite sluggish, the sector rose at the bottom of both cities.  The Huayi brothers are the first to bear the blame, and the company has a close relationship with Feng Xiaogang.Prior to listing, Director Feng Xiaogang had held 2.88 million shares of Huayi Brothers, but currently there is no way to query the list of shareholders.At the end of 2015, Huayi Brothers acquired the 70% equity of Dongyang Meila held by Feng Xiaogang and Lu Guoqiang. After the completion of the acquisition, Huayi Brothers held 70% of Dongyang Meila and Feng Xiaogang held 30%.The data shows that Dongyang Meila was established on September 2, 2015. When it was established, Feng Xiaogang held 99% of the shares. For the acquisition of Huayi Brothers, Feng Xiaogang also made a performance commitment, with a commitment period of 5 years.Less than 100 million US dollars, in the next few years on the basis of the previous year, an increase of 15% is calculated, and performance commitments total about 6.7.5 billion yuan.Therefore, the “Fanghua” seen in the market, as well as the “Mobile 2” and other works, will enter the gambling support.However, after this storm, it remains to be seen whether this will affect the launch of the above-mentioned film and television works, and whether the boots will affect 天津夜网 gambling.  In terms of film and television, Tang De is more direct from the shareholder list, with Fan Bingbing at 644.The number of shareholders of 960,000 shares ranks the company’s sixth largest circulating shareholder (as of the end of the first quarter of 2018), and even among the top ten shareholders, Fan Bingbing can be broken down into tenth.  As of the close of the morning on June 4, 2018, Tangde Film and TV in the film and television sector fell as much as 9.21%, Huayi Brothers fell 8.8%, others affected such as Ciwen Media (002343) fell 7.05%, the light media (300251) fell 6.79%, Huace Television (300133) fell 5.29% belong to A-shares hardest hit area.