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June 2011

Advanced Investment Bank for the Connected World

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Analysys Research 一、Analysys Capital China TMT M&A Watch 二、Analysys Capital China IPO Watch – Industry Section

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June 2011

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Concerned about the Sina microblogging of Analysys

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Analysys Capital China TMT M&A Watch BlueFocus acquired 100% stake in Kingo for 432mn Yuan BlueFocus (300058.SZ), the 1st listed public-relation company on the domestic bourse, announced that it intends to purchase 100% stake in Beijing Kingo Advertising & Communication. According to the company files, BlueFocus’s Board of Directors has agreed to acquire the target for a total consideration of approximately 432 million Yuan with cash and stock. Kingo is whole owned by six individual shareholders and they will receive 25% of the total consideration, or 108 million Yuan, from BlueFocus’s shanghai subsidiary. Besides cash, BlueFocus will issue 10.67 million new shares priced at 30.57 Yuan to those six shareholders for the remaining 75% stake.

would sell its stake in S3 Graphics to its affiliate company HTC for 300mn dollars. In order to accelerate the integration of graphic capabilities with its chipset products, VIA acquired S3 Graphics in 2001. To fund its R&D expenditures, VIA introduced WTI Investment as a new investor in 2005. WTI is an investment company wholly owned by Cher Wang, who is also the chairwoman of VIA. <more>

Founded in 1995 and with a registered capital of 20 million Yuan, Kingo provides advertizing and publish-relation services to property developers. As of the late of 4Q10, Kingo has 123 million Yuan assets and 70.11 million net assets. Its 10FY net revenue and net income is 190 million Yuan and 32.40 million Yuan, respectively. HTC bought 100% stake in S3 Graphics from VIA Technologies Taiwan chipset maker VIA Technologies has announced that it

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Analysys Capital China IPO Watch – Industry Section Services, and Electronic Components tied for the 2nd place 1. By Market:Raised RMB20.48bn Yuan in June, Shenzhen SMEM accounts for 49% In June, there’re 28 companies listed on the Shanghai and Shenzhen Stock Exchange, totally raised RMB20.48bn. Five of them raised RMB6.34bn from Shanghai Stock Exchange, 12 of them raised RMB3.82bn from Shenzhen Growth Enterprise Market, and the rest of the 11 companies raised RMB10.02bn from Shenzhen Small & Medium Enterprise Market.

From industries’ perspective, chemical ranked 1st in the number of listed companies, with 9 companies IPO. Machinery, IT Services, and Electronic Component tied for the second placed, each with 4 companies IPO. <more>

Shanghai Stock Exchange accounts for 18% of the total number of the listed companies and 32% of the total capital raised in June. Of the 5 listed companies, Sailun (601058.SH, RMB674mn) and Lanpec (601798.SH, RMB880mn)’s financing scale didn’t surpassed RMB1bn. On the contrary, Shenzhen SME Market, which is designed for small & medium sized enterprises, has 4 companies that raised more than 1bn Yuan respectively. These 4 companies are Stanley Fertilizer (002588.SZ, RMB1.14bn), Himile Technology (002595.SZ, RMB1.20bn), BYD(002594.SZ, RMB1.42bn), and Shuangxing New Material(002585.SZ, RMB2.86bn). 2. By Sectors:Chemical Ranked 1st, Machinery, IT

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June 2011

Advanced Investment Bank for the Connected World

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20110616- Alibaba Group will split Taobao into three companies from June 16: etao.com, Taobao.com, and tmall.com. Ma Yun said:Enhance Big Taobao to large Ali, they can provide better and more comprehensive services for Chinese e-commerce development.

20110615- Murdoch injected 29.4 million dollars to Thunder via RW investment company. Now they hold 12.12% of Thunder's share. It's reported that Google invested Thunder, too. Thunder is planning NASDAQ IPO and financing up 200 million dollars.

20110623-Bluefocus announced yesterday that it intended to acquire 40% stake of Aries Capital Limited with HKD80mn. RMB66.64mm comes from its over-raised fund from IPO. 25% of the stake is obtained through subscription of newly issued shares for RMB41.65mn. The remaining 15% is purchased from former shareholders.

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June 2011

Advanced Investment Bank for the Connected World

Concerned about the Sina microblogging of Analysys

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20110609-Taomee, the largest online entertainment platform for children in China, raised USD65mn by offering 7.2mn ADSs at 9 dollars, at the low end of the range of 9 to 11 dollars. Credit Suisse and Deutsche Bank acted as lead managers on the deal.

20110624-As overseas listed Chinese companies are experiencing a credibility crisis. The Nasdaq Index for all Chinese concept stocks has dropped significantly. To boost investors' confidence, there're 19 companies that announced share repurchase program since 5M11.

20110621-Recently State Post Bureau released opinion to advance the M&A and consolidation of China's express delivery market, hoping to development a batch of enterprises with revenues exceeding RMB10bn and competence that allow to play with foreign competitors.

20110630-MySpace was purchased by News Corp for USD580mn in 2006 was finally sold for USD35mn, less than 10% of the purchase price. Friendster has gone live as a social gaming portal by using FB Connect as a social-networking platform. Will FB continue dominate the SNS market? G+, a SNS platform released by Google yesterday could become a latent competitor.

20110627- Homeplus, the SK branch of Tesco, created virtual stores in

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June 2011

Advanced Investment Bank for the Connected World

Concerned about the Sina microblogging of Analysys

http://t.sina.com.cn/enfocapital

subway. People canscan the OR code with their smartphone, and the product will automatically land in their on-line cart. When the online purchase is done, it'll be delivered to their home. During the three month after the campaign started, the number of new registered member rose by 76% and sales volume increased by 130%.

20110628- NY City urban planner Ryan Rzepecki founded sobi, a bicycle sharing system. Member would use an app to locate the closet available bike to them. After reserving that bike, they would find it locked to an ordinary bike rake and unlock it by enter it PIN received .

Analysys Contact us Tel:8610-64666565-236 20110629- China PE market is facing a reshuffle. If the whole industry is still pursuing Pre-IPO strategy, of the estimated total three thousand players, 2500 of them will be trapped in the stock market or go bankrupt before their portfolio companies realize IPO, said Zong Peimin, president of Sino Wisdom Investment.

Fax:8610-64668599 Mail:deal@analysys.com.cn Add:19F, Block A, Phoenix Place, No.A5 Shuguangxili, Chaoyang District, Beijing, 100028, P.R.China

For more information about TMT field, please visit our chinese version……

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Newsletter 06.2011  

Newsletter 06.2011

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