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noon Mr. Xiang Wenbo just seen the latest blog, Mr. Xiang in the : The intention of the investors a 1 billion yuan,
quotes a JP Morgan Chase Mr. Xiang has been the disclosure of information, apparently he overlooked, and this is his citation of this passage: for the acquisition of the old shares, we do not exclude use of IPO shares combined with the acquisition of the old ways. We would like to combine the company's actual capital needs, to shareholders of the investment structure and the seller for further discussion. , JP Morgan Chase 3.194 billion yuan of the total price, the same may be the same as the Carlyle offer, including the subscription of new shares in the capital - and that in the Carlyle program, reflected the company issued new shares by way of capital 30 billion yuan, then, according to Mr. Xiang's formula, the actual income of Xuzhou SASAC will be: the old JP Morgan Chase shares subscribed 1.94 billion, coupled with its IPO of 3 billion yuan in 15% of Xuzhou SASAC's total income will be only about 6.5 billion yuan. not that contrary to Bi Kailei program less than 10 billion?
fact, I believe the subscription of new shares in JP Morgan funds the program will not be as high as 3.0 billion RMB, I chose a very short discussion of this issue the way, is like a stress in the JP Morgan offer to subscribe for new shares in the amount of money is an important variable, ignore this variable to compare the two programs offer , is wrong.
wave equation with the text of the total of the price of JP Morgan Chase (3.194 billion yuan), to cut the program in Carlyle subscription price of the old shares (about 2.2 billion U.S. dollars), so the program can come to Morgan writing style, it seems that the text should be on a formal merger reference to the original.
then, to whether Mr received only the content? If Mr. Xiang received the two companies complete the acquisition of the program, why not full disclosure? < br> Mr. Xiang has a blog to ask: What exactly is the value of restrictive clauses to 10 billion?
this problem, and now may have to be answered by his own time. Carlyle and JP Morgan plan program , in the these terms can be worth in the end.
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Finally, I would like to appeal to Mr. Xiang Wenbo, immediately released all the available evening, Mr. Xiang Wenbo on the phone asked me the same way.
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