Saturday, May 16, 2009

China increase two-fold the acquisition premium to the consortium Hurray

By Professional editor working for Ozone Air Purifier .

3G era, the SP (mobile value-added services) to the eyes of the industry once again become the capital of the hot spots.

Yesterday, a founder and leader of newspapers delight Dong zhao hui investors directed by the Commonwealth of Independent Chinese publicly broadcast to be the way to twice the premium, about 40 million U.S. dollars to come by 51% of Hurray Holding the right, which will expected Hurray directed compelled to hand over administration control.

Hurray was China's first listed on Nasdaq in the United States SP enterprises. However, SP was the entire telecommunications industry after the strike, was forced to transition Hurray entertainment content providers. Breath in the two years to acquire the Huayi Brothers Music, Taiwan seeds music, flying music records, bird art, music and a number of 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 report, portions Hurray the day up 32%. Hurray locality and no mention of this data, the insiders said he did not know.

Qinchuan Internet analyst said: "The acquisition of a public recorded business trading a very uncommon, we can glimpse that in the 3G era capital Hurray for example the SP worth of the business gravely underestimated by the market, despite of the influence of the causes why the outcry. But this can not be directed out means of speculation. "

In item, since the issuance of 3G certificates, the capital market for Chinese financial gatherings are more and more fascinated in SP, in February, from Australia, the Australian telecommunications carriers (Telstra) in one inhalation SP acquisition of two Chinese financial gatherings, including a total of 3 million. - 2368

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