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China increase two-fold the acquisition premium to the consortium Hurray
Posted by zou yuhong in Computers
3G era, the SP (mobile value-added services) to the eyes of the commerce one time afresh become the capital of the warm spots.
Yesterday, a founder and president of media joy Dong zhao hui investors led by the Commonwealth of Independent Chinese publicly announced to be the way to double the premium, about 40 million U.S. dollars to acquire 51% of Hurray Holding the right, which will likely Hurray led forced to hand over management control.
Hurray was China’s first recorded on Nasdaq in the United States SP enterprises. However, SP was the whole telecommunications commerce after the hit, was compelled to transition Hurray amusement content providers. Breath in the two years to come by the Huayi Brothers Music, Taiwan kernels melodies, soaring melodies notes, bird art, melodies and several sub-Shin Records.
The transition is not winning, even so, before Hurray liberated fourth-quarter fiscal effects in 2008, Hurray 14.4 million U.S. dollars of total wages, embracing wages from tunes three million U.S. dollars, up 39.3 out of 100 decline. And its founder and CEO QD Wang in addition resigned last month.
To this end, Dong zhao hui to a consortium led by the management team Hurray attack, he said: “Hurray has a very good platform for entertainment and the capital, but the lack of good implementation team. 3G era will lose a great opportunity to stand up.” but also of the view that Dong zhao hui Hurray shares were seriously underestimated at this time is a good time to buy. It is reported that its 40 million U.S. dollars have been put in place to buy gold.
By this journal, allocations Hurray the day up 32%. Hurray environs and no mention of this knowledge, the insiders said he did not know.
Qinchuan Internet analyst said: “The acquisition of a public listed company selling a very rare, we can see that in the 3G era capital Hurray such as the SP value of the company seriously underestimated by the market, regardless of the impact of the reasons why the outcry. But this can not be ruled out means of speculation. ”
In detail, since the issuance of 3G permits, the capital market for Chinese businesses are progressively involved in SP, in February, from Australia, the Australian telecommunications carriers (Telstra) in one wind SP acquisition of two Chinese businesses, engaging a total of 3 million.
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