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Strategies & Market Trends : Asian Star Development (ASTV) Entertainment/sports/gaming
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To: John Ripley who wrote (203)5/8/2000 8:38:00 AM
From: john  Read Replies (1) of 243
 
John re ASTV, Magic seems really excited about this one. Frankly I must admit I also like the possibilities here and I do hold a long position.

By: MAGIC
Reply To: 573 by jonboy Monday, 8 May 2000 at 3:21 AM EDT
Post # of 574


The ties to Li Kai-Shing (one of the richest people in the world) are very
close. The half-brother of the President of ASTV runs New World Development
(I believe this is the largest company in China?). One of the ASTV
Directors helped bail out Donald Trump when he had his problems a few years
back with his real estate holdings. The relationships with the government
in Beijing government are second to none. China is apparently going to be
accepted into the WTO in the next few weeks (relighting the China stock
frenzy of several months ago?). ASTV was the first Chinese company to be
accepted on any stock exchange in the United States after the 1997 reunion
of Hong Kong with China. The wealth and power in this company are enormous.
In typical Chinese style they are low-key and have quietly put things in
place to build a powerhouse in the months and years to come. I expect a
spin-off into the European markets, at the minimum a listing on the NASDAQ
small-cap (they prefer the national board) and a dual listing on the Hang
Seng within the next year. They have ties to major brokerages around the
world and will soon "come out of the closet" so-to-speak.

In the next eight weeks or so a minimum of four press releases are expected.


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