Friday, May 13, 2011

IBM CHANGHONG into two $ 100 million stake in shareholders

IBM into Sichuan Changhong (600839.SH) the second largest shareholder, in addition to heating hold, people feel more 3C potential of fusion can ' t be held back.

Sichuan Changhong on January 17 announcement shows that substantial shareholder in Sichuan Changhong CHANGHONG group to big deals, be 29.67 million shares held by Sichuan Changhong shares, at $ 3.64 per share price, transfer to IBM China company, turnover of about $ 108 million.

After the completion of the transaction, IBM China company's share of 1.56%, become the second largest shareholder of Sichuan Changhong; CHANGHONG Group on Sichuan Changhong's stake will be reduced from 30.64% to 29.08%, its controlling shareholder status unchanged.

IBM China company commitment, this share transfer does not transfer within one year from the date of completion of the transfer of Sichuan Changhong shares held by it.

Cooperation in space

Sichuan Changhong assets operation yesterday by the Minister, Yang June revealed to the business journal, before IBM and CHANGHONG products, research and services have been on business cooperation in the field, this cooperation extends to the capital levels.

Equity ratio, Yang June explained: "the strategy of how much investment is not the most important, more important is that both sides had entered the capital and business at a high level of strategic cooperation. ��

Yang June admits that CHANGHONG and IBM at the operational level in the future there should be further cooperation, both in terms of value-added services, 3C integration work space.

CHANGHONG Zhao Yong, Chairman of the Group had repeatedly stressed the CHANGHONG to build up core competitive power of the digital TV era, 3C (home appliances, computers, communication) Fusion is the trend. On October 28 last year, "CHANGHONG construction 50 anniversary" speech at the meeting, Zhao Yong said CHANGHONG from manufacturing to the service you want to extend.

Stake in time

"IBM and CHANGHONG group discussion on strategic cooperation has been for years, now CHANGHONG shares below the net assets, is the best investment of time, of course. "CHANGHONG group an internal sources.

CHANGHONG first and this is not the international giant capital of cooperation. On June 15, 2007, Microsoft (China) limited to $ 94 million to purchase 15 million shares of Sichuan Changhong shares, subscription price is $ 6.27/unit. Co-operation project is the development, production and sales of flat-panel TVs and home computers and the Internet connection of the TV card.

In fact, IBM and CHANGHONG group has been working for years, IBM has been help CHANGHONG group to do consulting. CHANGHONG group mentioned above have pointed out that, in March last year, IBM Global Business Services Department official stationed in Chengdu Southwest team, is also a third branch of IBM Global Services in China, this is enough to prove that IBM attaches importance to China's Western development, and a stake in CHANGHONG, CHANGHONG and CHANGHONG resources will also be the case of IBM consulting business in Central and Western development's impetus.

In May last year, IBM Vice President of greater China, Leung Chung Chan in the IBM/anniversary of the Lehman Brothers investment strategy of kingdee international will have on the business news that, IBM are not investment companies, including investment in Chinese companies, kingdee, will not be a simple financial investment, but around the IBM IBM core business, core values and the future development prospects of making a decision.

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