The media A8 will be active in mergers and acquisitions

This IT news is provided from the SK Net Service Company Ltd

A8 media, music CEO Liu Xiaosong said on the 30th, after listing, the company make original music platform, we will actively look for direction in line with the company's acquisition targets, expanding CRBT business profit outside the channel.

A8, the media will buy music focused on two main areas: music-related content providers or mobile applications related companies, acquisitions budget of about 44.6 million yuan.

June 12, A8, the media music listed in the HKEx board, the issue price of 1.9 Hong Kong dollar, Muzi 173 million Hong Kong dollar, Hong Kong's capital market's first wireless network music concept stocks.

For those shares fell below the issue price, Liu Xiaosong said: "The current market environment well, that investors can be listed on our earnings model and optimistic about the performance of the company stock price performance of the final decision performance, we have confidence in the company's performance."

A8, the media music business model, through its UGC (original music) to the interactive platform and record companies access to music content, followed by mobile operators of wireless networks and the Internet to promote the music content and music content into a bell Sound, to ring tones and interactive voice response in the form of music, and then provided to mobile phone users.

A8, the establishment of the music media interaction platform for original music has collected more than 10,000 music from the more than 50,000 songs. In 2007, "do not want you to cry," a song downloads, reached 7.8 million, the proceeds to the company for 16.1 million yuan, while the other first "I Buku" download about 5.9 million times, Corporate earnings reached 11.1 million yuan