Category: Money tips Release Date: 2007-01-20
Reputation outside of the association, eyeing the state-owned assets Suqian City, Jiangsu. From the beginning due diligence, to think the door opened to state-owned assets, to be listed overseas, after only a year and a half. This lightning behind the takeover battle, is the acquirer its winding, ahead of the arrival of the former policy barriers, push back, and Cinda, Huarong, and other powerful shareholders, clearing the obstacle to the wisdom of the exhibition.
Privatization of state-owned assets has always been restless under the iceberg. In the current property rights reform in the form of state-owned enterprises and the path of another against the background of the dispute settlement, Lenovo's move is not likely to calm waters
In September 2005 the evening of 24, Nanjing, "Lenovo fifth Marshal" - Hongyi Investment Advisory Co., Ltd. (hereinafter referred to as Hony investment) CEO John H. Zhao is the case for the acquisition of a bustle, but in less than 200 kilometers far from its Suqian City of Jiangsu Province, he had just completed work on an acquisition is being distributed with the spirit of Lenovo's scent. This work is listed in Hong Kong in June this year, the China Glass (3300.HK), while the birth of Chinese glass, also from the Lenovo's founder, Liu began the role of capitalist entrepreneurs to convert.
Hony investment in China Glass is a product of the acquisition of state-owned assets. In Xinjiang Delong, Guangdong Kelon collapsed one after another state-owned enterprises in the form of property rights reform and the path of another against the background of the dispute settlement, Lenovo's move is not likely to calm.
At this time, Chinese glass workers to the "Securities Market Weekly" reflects: Legend of the family business launched a series of acquisitions, the possible loss of state assets is suspect.
In the "Securities Market Weekly," the subsequent survey, to see is a capital's exquisite story: a group of elite investment bank, has designed a seamless investment program, using Hong Kong, Mainland resources to the mainland assets "moved" to the listing in Hong Kong financing. For operational convenience, a tax haven British Virgin Islands, Bermuda is naturally not without tools.
The state-owned assets is to win in the story is lost, to be the test of time.
Winner's smile An investment banker, who told the "Securities Market Weekly": "China Glass story of why the acquisition of exciting, rapidly, and the Hony investment, life experience and the background of the John H. Zhao."
For the Hony investment, outsiders are always heard and not seen, man. Hony investment with the same rich sense of mystery that has always shunned the spotlight of the John H. Zhao.
It is said that Liu Zhao won the favor, at Northwestern University's Kellogg School MBA graduate, entered the USROBOTICS company, in 1997 the company 90 billion will be sold to 3COM Corporation, then start on Wall Street. Lenovo Group in 2002 was invited to serve as consultants, in 2003, formally joined the association. In the same year in December, Bank of China Group Investment Limited Legend Holdings to sell a package of bad assets, book value of roughly 700 million Hong Kong dollars.
Six months later, Legend Holdings to establish quickly the Hony investment.
John H. Zhao abroad have accumulated a wealth of investment experience, but he preferred to focus on Chinese enterprises, especially Liu invited him to join Lenovo, he did not hesitate: "Lenovo is an early, one of the few successful state-owned enterprise restructuring, management, mature, is an international leader. from the restructuring - Development - international, along the way, there are experiences and lessons, which are of wealth. these things on the SOE reform should be a great help, and we feel that Lenovo's state-owned enterprise reform can play a more big role. "
It is understood that the fund investment operations Hony similar international buyout fund (Buyout Fund), and the international popularity of the acquisition of funds, whose objective is to mature businesses and their control. However, deep and international buyout fund development and acquisition of Harbin Pharmaceutical Group's long-standing companies such as tug of war than the Hony Glass investment in China before and after the acquisition of more than a year only.
Shortly thereafter, China Glass easier June 23, 2005 at the Hong Kong main board listed as 2005 years and one of only two red-chip companies. China Glass shares authorized share capital of 700 million, has expanded the share capital of 360 million shares, IPO after the first day of the market value of 8 million USD. Hony investors who have acquired 62.56% stake in them.
On that day, Lenovo Chairman Liu and China Glass Holdings Chairman of the Board John H. Zhao's smile in the waves in the open champagne.
Lenovo implies wisdom and intelligence and shrewd foreign funds, Chinese and Western to invest Chushoubufan Hony. Now, another state-owned enterprises - Changping District of Beijing Hony Glass Group has also invested into the next target. It is said that two executives have been China Glass for the acquisition of Changping District of Beijing Glass Group busy for more than three months. The group has two float glass production lines, asset size and the Chinese glass rather, is the capital's first float glass business, if the successful acquisition of the enterprise, China Glass's assets would grow twice as Hony return on investment will significantly magnify the .
Hony investment for a year, seems to have reached the autumn harvest season, which is subtle changes are taking place in the reform of state-owned enterprises, domestic and foreign buyout funds feeding into the difficult macro-environment is undoubtedly glamorous.
