An important factor to consider when evaluating the potential of SEG's upcoming IPO is the track record of the underwriters appointed to carry out the task of taking the company public. On March 13th the company announced that they had executed the sponsorship agreement with some of the most successful and well-respected securities firms in Asia to underwrite the SEG IPO. ICEA Capital has been appointed as the global coordinator, sponsor and lead manager, and Tai Fook Securities will serve as the joint-lead sponsor and joint-lead manager, Taiwan Securities (HK) Ltd. and Sincere Securities Limited will serve as SEG's co-manager and underwriter.
ICEA
ICEA Finance Holdings was established in March 1998, being a new investment banking venture set up by two of the world's largest banks: Industrial & Commercial Bank of China (ICBC) and the Bank of East Asia (BEA). ICBC (60%) and BEA (25%) together with existing management (15%) jointly acquired the Greater China business of NatWest Markets (Asia), the successful investment arm of Britain's Naswest Bank. Since 1998, ICEA has participated in over 60 projects, 20 merger and acquisitions, 30 primary equity capital markets issues with total amounts raised over US$9 billion.
Industrial & Commercial Bank of China
The Industrial and Commercial Bank of China (ICBC) is one of the largest state-owned commercial banks in China, with 36,000 branches and a world ranking of 3rd largest with assets of US$498 billion.
ICBC handles more than 50% of China's annual settlement business and is not only one of China's largest and strongest banks, but also is one of the largest banks in the world. ICBC for five consecutive years since 1991 has been ranked first among China's five hundred largest service enterprises. "Banker" in 1996 ranked ICBC fifth among banks in the world based on total assets.
ICBC Website: icbc.com.cn
Bank of East Asia (http://www.hkbea.com/)
The Bank of East Asia (BEA) is the largest Hong Kong based international banking group owned and managed by Chinese. As of June 1999 they had assets of HK$138B ($25 Billion Cdn). They operate a total of 106 outlets throughout the territory and have over 4,000 staff. The Banker has ranked it as the top bank in Hong Kong in terms of capital, assets and profitability. On February 1, 2000, BEA announced it had earned a net profit of HK$1,489M for the year ended December 1999, an increase of 81.6% over 1998.
In 1999, BEA become the first bank in Hong Kong to launch an online stock trading service, operating through their wholly owned brokerage house, East Asia Securities Company Limited. (https://www.easecurities.com.hk/english.html)
Here is some information on IPO's I have found done by ICEA and their partners in the last few years. Some of the information is missing because I couldn't find it.
Yuxing Infotech (8005-GEM)
Amount Raised - $55,000,000 US
IPO - $4.20
High - $9.10 (116%),
Current - $8.00 (91%)
Wah Yik Holdings (0862-HKSE)
IPO - $1.00
High - $2.70 (170%)
Current - $1.64 (64%)
PNF Food Holdings (0702-HKSE)- Bank of East Asia: (joint venture in ICEA Capital)
IPO: - $0.80
High $2.85 (256%)
Current $2.58 (222%)
Hopson Development Holdings Ltd (0754-HKSE)
Amount raised: $87,000,000 U.S
IPO - $1.13
High - $2.81 (148%)
Current - $1.10 (0%)
TCL Int?l Holdings (1070-HKSE) - Bank of East Asia: (joint venture in ICEA Capital)
IPO: $1.75
High $7.05 (303%)
Current $5.20 (197%)
Beijing Datang (0991 - HKSE)
Amount Raised: $400,000,000 US
IPO - $? - opened at $1.50
High - $5.60
Current - $0.94
Concord Land (1121 - HKSE)
Amount Raised: $135,000,000 U.S
IPO - $3.48
High - $12.53 (360%)
Current - $1.16 (-70%)
Yau Lee Holdings (0406-HKSE)
IPO - $0.108hk
High - $1.77 (1540%)
Current - $.15 (40%)
Hudson Holdings (0758-HKSE) - Bank of East Asia: (joint venture in ICEA Capital
IPO: $1.00
High $3.10 (210%)
Current $1.61 (61%)
Tai Fook
Joint lead sponsor and manager, Tai Fook is one of the top securities brokerage firms in Hong Kong with over 20 years experience. They are backed by the resources of the renowned Chow Tai Fook Enterprises Limited, an investment holding company with diversified interests and the principal shareholder of New World Development Company Limited. For the HALF-YEAR ended Sept. 30, 1999, Tai Fook increased its net profit 265%, from HK$25.2M to HK$92.1M. Assets of Tai Fook equaled US$253M.
On January 24, 2000, Tai Fook announced the launch of its On-Line brokerage services. With this announcement, they became the first Hong Kong firm to provide three different access channels to one on-line trading account. Investors can now access their account via the Internet, mobile phones and interactive voice response trading. The Group invested over HK$10 million in the development of these services.
Tai Fook Website: taifook.com
The development and commitment from Asian securities firms, to create viable online brokers is a valuable asset to the SEG portal. Having the top firms operating highly respected online trading sites allows SEG to create alliances with respectable brokers, creating confidence in the SEG customer. The largest securities firms in Asian are spearheading the on-line trading frenzy, that will undoubtedly grow bigger and stronger in the coming months. This is a huge asset to SEG. While SEG will be partnering with some of these brokers, what these brokers can't do is allow the trader to buy in all markets. By building the excitement prior to SEG's arrival, these brokers have positioned SEG for a phenomenal launch into the Asian market.
New World Development Co. was founded in 1970 and today is a fundamental stock of the Hang Seng Index. According to the most recent financial results New World Development Company (http://www.nwd.com.hk/) had assets of 14,991,730,000US
Here is some information on IPO's I have found done by Tia Fook in the last few years.
Tai Fook:
Tom.com (8001-GEM)
IPO $1.78
High $15.35 (762%)
Current $11.80 (562%)
HongKong.com (8006-GEM)
IPO $1.88
High $9.10 (384%)
Current $5.45 (189%)
Timeless (8028-GEM)
IPO $3.00
High $8.50 (183%)
Current $5.30 (76%)
China Datacast (8016-GEM)
IPO $1.28
High $14.50 (1032%)
Current $13.90 (980%)
Automated Systems Holdings (0771-HKSE)
IPO $1.18
High $8.80 (645%)
Current $6.75 (572%)
Sunday Communications (0866-HKSE)
IPO: $3.78
High $4.50 (20%)
Current $3.80 (.005%)
Taiwan Securities
Co-Manager and underwriter, Taiwan Securities Co. Ltd. is one of the 5 largest securities brokerage firms in Taiwan. There were established in October, 1988 when the Shin Kong Group and the Prince Group joined with Nomura Securities, Dai-Ichi Life, Sanyo Securities and S.B.C. Warburg Securities to establish Taiwan Securities Co., Ltd with paid in capital of $1 billion Tw.
Taiwan Securities Website: apot.com
The Shinkong Group, the largest holder, has assets of US$15.6B and 26 core companies and has evolved into one of Taiwan's leading conglomerates. Taiwan Securities Ltd., was the Group's first step into the securities market and has become one of the Group's most well known and profitable operations.
Shinkong Group Website: www.shinkong.com.tw/introde.htm
Here is some information on IPO?' I have found done by Taiwan Securities in the last few years.
Taiwan Securities
TS Telecom (subsidiary of TOM on the CDNX - 8003-GEM)
IPO $1.50
High $2.60 (73%)
Current $1.22 (-20%)
LS High-Tech (0606-HKSE)
IPO $.11
High $.85 (672%)
Current $.28 (154%)
Best Regards
KEITH
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