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Wednesday, May 20, 2009

China doubled 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 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 directed by the administration group Hurray strike, he said: "Hurray has a very good stage for amusement and the capital, but the need of good implementation team. 3G era will misplace a large opening to stand up." but furthermore of the outlook that Dong zhao hui Hurray portions were gravely underestimated at this time is a good time to buy. It is described that its 40 million U.S. dollars have been put in location to purchase 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 registered financial gathering marketing a very infrequent, we can observe that in the 3G era capital Hurray for instance the SP worth of the financial gathering earnestly underestimated by the market, in spite of of the consequence of the justifications why the outcry. But this can not be led out means of speculation. "

In fact, since the issuance of 3G licenses, the capital market for Chinese companies are increasingly interested in SP, in February, from Australia, the Australian telecommunications carriers (Telstra) in one breath SP acquisition of two Chinese companies, involving a total of 3 million. - 21396

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