Xiao-hong Kong-listed Paradise Re-take The Billionaire Was Born Road - Wing-lok, Chain, Electric -

2004 has

2004 has

Listing

Of

States United States

Electrical and

Suning

Electric created

Huang Guangyu

And Zhang Jindong, the two billionaires. This week 5

(05 14 months 10) will in Hong Kong

Motherboard

Markets

Financing

Achievements of the Shanghai Paradise in turn the third richest household appliances industry. Estimated by the maximum offering price, Paradise chairman Chen Xiao's personal assets will be more than 3 billion. Gome twice after placing in the Hong Kong Stock Exchange to raise 2.775 billion Hong Kong dollars, up 65.5% stake Wong Kwong Yu about the stock market gained only from the personal wealth of 1.7 billion Hong Kong dollars nearby. Landing in July of last year's Suning Appliance Shenzhen SME board is only an issue price of 16.33 yuan, the opening price reached 29.88 yuan, after all the way up, up to 70.25 yuan. Zhang Jindong, Suning president, 31% direct stake, plus an indirect stake, shares his personal wealth is expected to more than 2 billion yuan.

In

Competition

Rival Suning, Gome have the necessary funds through the listing to resolve bottlenecks in the expansion, the Yongle route through Morgan Stanley has taken a substantial step. News from the Hong Kong Stock Exchange revealed this week the five Yongle Home Appliances

(October 14, 2005)

Hong Kong Main Board listing and financing, the issue price set at between 1.9 to 2.3 Hong Kong dollars.

Industry analysis, as the largest shareholder of Shanghai Yongle Yongle chairman Chen Xiao, their personal assets will be officially listed in the Wing-lok, after strong growth. It is understood that Paradise had on October 4 publicly available through the Stock Exchange listing prospectus, intended to raise about 23 billion. Chen Xiao in September 2005 led a large number of executives to China to Hong Kong, Singapore, the United States and Europe-oriented institutions

Investment

Were doing road show, mainly to investors on the prospects for household appliances and Paradise and fund-raising purposes. According to Wing-lok, prospectus, it will be from 1.9 to 2.3 Hong Kong dollars to the price issue 455,800,000 shares, of which 410 million shares for international placement, expected 2005 earnings per share were 0.138 Hong Kong dollars, earnings per share issue price is 13.8 to 16.7-fold.

Morgan Stanley listed as sponsors Shanghai Yongle, before listing the company, holding 27% interest, estimated at market, its shareholding will be diluted to about 21%.

Paradise mainland China after Gome and Suning Appliance's third largest

Home appliance chain

Giant. Founded in 1996, the 2004 turnover of approximately 15.9 billion. Paradise now has over 140 stores nationwide, has two stores in Beijing. Company plans to store in the nation this year to around 200.

04 Hong Kong-listed Gome, financing 338 million Hong Kong dollars. Gome's spokesman Ho Yang Qing, said recently that the country the United States has 90 cities across the country, the number of the country's nearly 400 stores, a market network layout has been completed. While Suning also the domestic securities market financing 49 million U.S. dollars. With the Big Three have listed home appliance chain, industry analysts, the future of home appliance chain of the competition will be competition for resources to the financial strength of the Competition transition.

by: gaga

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