TS TELECOM (www.tstelecom.com): ASPIRING TELECO Message Board

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Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO

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To: speculatingvalue who wrote (887)	11/19/1999 9:50:00 PM
From: geoff-t	Read Replies (1) of 1762

Steve: Looks like you are a big buyer today. Here is some more good news to start your weekend. Market sources said: 1. TS IPO is scheduled to begin on Tuesday, November 23 with trading to begin on December 2. 2. TS will be the first in Hongkong to use the electronic Initial Public Offering system (EIPO) with Hongkong Clearing, the central clearing and settlement house. My guess is that if all goes according to plan, TS prospectus will be available for viewing at both the GEM and Hongkong Clearing (www.hkclearing.com.hk) websites on or before November 23. Apparently registered investors can apply for new shares by phone through Hongkong Clearing. 3. When TS started the tire kicking process last Summer, it was looking for about HK$50 million for 25% equity. For reasons ranging from keen interests from underwriters, improved P & L and China's imminent entry to WTO, the deal will most likely be worth HK$97 million for 30% on closing. Pricing will be at between 9 and 9.5 times forecasted earnings with a tentative issue price of HK$1.50 a piece. Hope this will start your weekend on a very positive note. Looks like you've made a smart move today.

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