To: John Powell who wrote (347 ) 4/21/2000 3:39:00 PM From: AriKirA Read Replies (1) | Respond to of 960
The institutional purchasers of the seed shares include ICEA Finance Holdings Limited, Meridian Asset Management SDN BHD and US Global Investors Inc. Some information on the institutional purchasers:ICEA Finance Holdings Limited ICEA is ICBC's investment banking arm icbc.com.cn Obviously Keith has already posted everything there is to know at:Message 13362748 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%) Ari