eleven-twenty fifths

Great Wall broadband failed bid last year, Dr Peng preparing a comeback this year.　　Today, Dr Peng disclosed equity up for transfer and the company great wall broadband bid intentions. Bulletin shows that Dr Peng Board agreed with the company in accordance with the conditions listed publicly in the CITIC networks in North bid for great wall broadband 50% equity and $ claims. CITIC networks has in 1117th in the North by listing these rights. Great Wall broadband 50% equity pricing $, plus $ 484 million debt, total price amounted to $ 1.084 billion of these rights. 　　Main capital stocks (eleven-twenty fifths) unit fled to cut meat must regret having sudden boom is not likely in a move investors Gospel: hold stocks saved! Equity. CompanyEarnings rise in recent years, in 2008, 2009, 2010 and 2011 to June net profit-$ 107,800, respectively $ 69.9776 million, $ 132 million and $. This is not the first time Dr Peng stakes in great wall broadband bid. On April 21, 2010, Dr Peng DongWill consider the adoption of the motion, to be applied to the China Beijing equity exchange bid for great wall technology shares, computers, the great wall kaifa holds great wall broadband, 40% and 5% respectively, totaling 50% per cent. Never thought, on July 27 the assignment was received by letter from said CITIC networks stance will exercise the right of pre-emption, resulting in great wall broadband 50% Dr Peng bid stakeCannot succeed. Compared to the previous round of bidding, this higher cost of over $ 1 billion.　　Previous acquisition of great wall broadband, the company produced $ 320 million in addition to real money, but also by great wall technology liability for warrant of commitment to pay off the original great wall broadband 550 million yuan of bank loans for a total of $ 870 million. It is worth noting is that this bid diablo 3 gold, CITIC networks more demandingPay conditions. Was identified as the final transferee and transfer within 5 working days from the date of signing of the property right contract.　　Contract signing one-time payment transactions within 5 working days from the date of the price to the account specified in the North, and signed to a contract within 90 days from the date of payment of $ 484 million to transfer designated bank account for the reimbursement of standard enterprise transfer debt arrears. Do notFrom publicly available information, Dr Peng stores sufficient. Company quarterly results showed that Monetary Fund balances at the end of 1.586 billion yuan. In addition, on August 22, the company received China's interbank market, of the acceptance of notice of registration issued by the Dealers Association diablo 3 power leveling, agreed with the companies offering short-term financing bonds registered amounting to $ 700 million. On November 14, the issuance of not exceeding a total of 1.4 billionApplications for corporate bonds is also a condition for the adoption of the Committee made by the SFC. Although Peng said the transaction funds to the company's own funds, insufficient foreign financing by the company address.　　However, the above information, Peng Dr cash flow should be sufficient to cover the acquisition costs. The significance of the bid, said great wall broadband equity, favourableThe company quickly cut into the target city broadband access market, achieved through business integration allows companies complement each other and play collection effect, effectively reducing the operational costs, promote corporate national smooth implementation and rapid development of broadband Internet access services, enhance the company's influence in the broadband access market and market share, in line with the company's overall development strategy.