IBM and associate exchange views to plan without Microsoft software computer

August 12, 2008

Time of Beijing of dispatch of sina science and technology on August 7 message, according to foreign media coverage, personage of know the inside story disclosed yesterday, IBM with associate to discuss actively the name is ” Microsoft-Free(does not have Microsoft software) ” plan, the main content of this plan is to be in associate what sell IBM of the installation on computer ” Microsoft-Free ” the client carries software.

Personage of know the inside story discloses, if both sides comes to an agreement, associate the family expenses that possible very fast batch rolls out only fraction to install Windows operating system and business use computer.

IBM ” Microsoft-Free ” end of client of mail of the Lotus Notes that software package includes IBM, Lotus Symphoney and desktop office software, the source can leave in the Linux of Novell, red cap and Canonical move on operating system platform. Some earlier this year moment, IBM announces to be offerred to Europe ” Microsoft-Free ” software package, begin to carry out this software to wrap in American market at Zhou Er. But up to now, this software package offers the component that provides a service to medium and small businesses to sell business only.

Although IBM and the discussion that associate still were not become,finality, but the participation that associate will be offerred greatly ” Microsoft-Free ” the consequence of the plan, will form menace to market of computer of Microsoft pilot desktop. Study the data of company Gartner according to the market, the portion that associates in market of global personal computer is 7.8% .

“Microsoft-Free ” computer is right impoverished individual user and the enterprise user that because insecurity of the sources of energy causes operation pressure,increase have appeal quite. IBM expresses, because every install the computer of Windows operating system to need to pay accredit fee, this charge is gone to by marry again normally on user body, and can obtain freely Linux and Lotus Symphony, because this installation drives cause client,the computer cost of upright software is equivalent to installing the in part of computer of Windows operating system only.

Because Microsoft operating system uses the market to suffer attack more easily in business, just appear associate to be participated in possibly ” Microsoft-Free ” the view of the plan. Considering Microsoft newest Vista operating system needs a large number of hardware resource, compulsive safety precaution and use software with current place incompatible wait for a problem, very rare business upgrades existing system.

Since after associating at buying personal computer business with 1.75 billion dollar 2005, the cooperation of two companies is special all the time and close. Last year, two companies expanded content of global Co-operative Alliance, bilateral collaboration offers compose to build IT system to serve for special industry.

IBM expresses, wait for governmental orgnaization to ask to build the demand of open standard system with inferior cost compose to satisfy the large company such as Russia Aeroflot aviation and department of defense, IBM just began to roll out ” Microsoft-Free ” plan. (Xiao En)

Relevant report:

IBM plans to match carry out to associate in a large-scale the stock is covered show 79.85 million dollar

IBM changeover associates 375 million equity is shown continue undersell intent

IBM undersell associates 116 million are covered show 85.8 million dollar

Yahoo partner carries the 3rd kind of plan to appeal voting composition mixes a board of directors

August 10, 2008

Dispatch of Netease science and technology on June 16 message, the investor with Yahoo sing a different tune Eric Jackson (Eric Jackson) vote of this shareholder of Yahoo of Zhou Yi appeal is currently held the post ofby 5 directorate member and 4 by Carl Yikan (Carl Icahn) of nomination await choose a board of directors.

Jackson expresses, although he supports Yi Kan completely, but he realises each large stockholder may not can resemble him to support Yi Kan so, accordingly he put forward ” the 3rd kind of plan ” : Hold water to be able to comply with partner more ” popular wishes ” new directorate.

Because the amalgamative negotiation of Microsoft, Yahoo parts on bad terms, yi Kan started acting war May, be about to currently hold the post ofYahoo directorate member collective is driven nonofficeholding. Jackson says in a statement, “Bilateral unwarrantable Microsoft can bid afresh buy Yahoo. We must accept this one reality, the choice can represent the board of directors of shareholder interest most in current environment. ” Jackson expresses, “I hope Yi Kan can be over get the better of, but my general drives this one ‘ the 3rd kind of plan ‘ , because I am afraid,a few large stockholder can worry about the operation ability of Yi Kan and its group. Because I am afraid,a few large stockholder can worry about the operation ability of Yi Kan and its group..

Jackson points out, his act is aimed at the large stockholder of Yahoo, include Capital Research, Legg Mason and Vanguard among them, and the acting adviser firm such as RiskMetrics and Glass Lewis.

After the negotiation burst with Microsoft, yahoo signed an Internet to search advertisement cooperation agreement with Gu Ge last week. This one message makes Yahoo share price steeped fall 17% .

Jackson was last year the star on Yahoo shareholder plenary meeting, the Terry Ximeier that company president and presiding apparitor hold the post of when he is condemned (Terry Semel) manage not do one’s best, without the share price that can promote a company. He still is the first the candidate list that opposes nomination of board of directors, object Ximeier new and selected board of directors.

Jackson was initiated May ” nay ” activity, appeal through Internet partner blackball Yahoo currently holds the post ofdirectorate member.

This week shows Jackson, include president the name of a river in Shaanxi and Henan provinces Yi Bosituoke (Roy Bostock) inside 3 members of committee of Yahoo firewood fulfil, and soft silver-colored capital (Softbank Capital) Eric Haipiao (Eric Hippeau) , ought not to be chosen to enter a board of directors again.

Jackson says, “I think, to the burst that negotiates with Microsoft, bosituoke should lose Yang Zhiyuan of more presiding than Yahoo apparitor (Jerry Yang) bigger liability. Compare with Yang Zhiyuan, bosituoke is handling respect of this kind of general affairs to want to have experience much. I do not attend to felt scratch one’s head over with the negotiation of Microsoft on May 3 to him. I do not attend to felt scratch one’s head over with the negotiation of Microsoft on May 3 to him..

Jackson thinks Yang Zhiyuan is OK and selected new a board of directors, but whether does he suit to hold the position of presiding apparitor to want by new decision of a board of directors. The candidate that Jackson thinks Yi Kan nominates is medium OK and selected new the personnel of a board of directors includes Dai Er of · of Adam of home of venture capital investment (Adam Dell) , Lucian Buqiu of professor of law of Ha Fo university is overcome (Lucian Bebchuk) , before Nextel.

Jackson points out, a few candidate that nominates Yi Kan is chosen new a board of directors won’t spark the employee Qian that cost amounts to 2.6 billion dollar comes loose fee plan. (see wind)

Motolora tears apart a plan to face capital difficult problem

August 10, 2008

Guide language: Foreign media publishs analytic article to say today, motolora has decided to tear apart mobile phone branch, but it is very difficult to should make a relevant financial plan.

Motolora announced this year in March, will tear apart what become independent for two to appear on the market company, among them dedicated at mobile equipment business, another basically begins broadband and mobile solution professional work. If everything is successful, of Motolora tear apart a plan to will be finished 2009. Because fail to roll out charming new-style mobile phone tardy, branch of Motolora mobile phone lasted for some time in the past deficit. Tear apart after finishing, new the mobile phone company that establish may become ” slums ” .

Current, motolora still is mobile phone branch to search a new director in effort. Since Feburary 2007, branch of Motolora mobile phone does not have a director all the time, and by company CEO Greg Braun (Greg Brown) personally in control of. Message personage discloses, executive vice-president of the popular Hou Xuan’s person of person of door of palm of branch of Motolora mobile phone, HP holds De Buladeli in the palm (Todd Bradley) had forgoed this one opportunity. So far, motolora has not published a comment at this point.

Wh whoever takes up the post of director of department of Motolora mobile phone, capital is the one big difficult problem that must solve. Suffer periodic effect, enterprise of science and technology needs to withhold more cash surplus than average company. Credit analyst predicts, if branch of Motolora mobile phone can turn round the situation of deficit, so tear apart after be independent company, it still needs the operation that ability of 4 billion dollar manages two years. More what is more,the rather that, since 2006, branch of Motolora mobile phone already deficit 1.6 billion dollar.

4 billion dollar is equivalent to Motolora almost up to the anticipation by 2008 the half of cash surplus. Up to by this year March, the cash surplus of Motolora is 7.7 billion dollar, far under up to the 15.6 billion dollar by 2006, this is main because buy other company and share,counter-purchase. Meanwhile, the debt of Motolora is 4.2 billion dollar, slightly under the level by 2006. If be mobile phone branch to take out 4 billion dollar, the cash place remnant that will mean Motolora to stay for another group very few, and still have much debt.

The analyst expresses, the credit grade of Motolora will be reduced to come ” rubbish ” (Junk) . If this kind of circumstance happens, the leasehold cost of Motolora will raise, perhaps be forced to sell another branch in order to obtain more fund. Motolora enterprise and mobile group can generate the cash of several dollars every year now to flow, but after tear apart, the outstanding achievement of this branch may get certain negative effect. Current, motolora enterprise and mobile group and mobile phone group share factory, information system and purchase channel. Message personage discloses, should depart both thoroughly come, the likelihood needs time of a few months, produce the cost of 750 million dollar.

Of course, branch of Motolora mobile phone also can try to seek new fund, potential choice includes illicit collect capital, strategy collaboration, perhaps issue can change a stock. Nevertheless, american billionaire, radical investor blocks Er · Yi Kan (Carl Icahn) won’t invest more capital to Motolora, in fact, he is decreased recently held oneself to be in the investment of Motolora. Current and character, any investor or controller want to lead Motolora to walk out of predicament, will face enormous challenge. (Martin)

Wide report electron recombines plan to give final infuse of furnace photoelectron company

June 13, 2008

Electron of wide report of dispatch of new wall bulletin (announcement weighs 600602) yesterday, the company drafts to group of large stockholder wide cable (next weighing ” wide cable group ” ) directional add send 265 million, the limited company of electron of Shanghai wide light produced by electricity that buys latter hold (next weighing ” photoelectron ” ) the equity of 62.5% , issue valence to be every 7.68 yuan. Wide report information (600637) yesterday also announcement expresses, its accuse a partner Shanghai wide report (group) limited company put forward to increase to plenary meeting of shareholder of information of 2007 year wide report on June 6 temporarily draft resolution, the photoelectron company that sells its hold to wide report electron about wide report information is relevant and second reading.

According to announcement, information of eve wide report passed afore-mentioned draft resolution, the photoelectron that plans to sell its hold to wide report electron the equity of 18.75% . Basis 2007 annals, wide telecommunication of hold of wide cable group ceases the share of 42.24% , for its the biggest partner. At the same time annals shows wide cable group returns electron of hold wide report the equity of 30.073% , it is its likewise the biggest partner.

The photoelectron that sells this of the equity of 18.75% trade the price locates 611 million yuan, wide report electron will be inside 5 weekday of consultative become effective pay total equity to transfer a money to wide telegraphic interest with cash means.

Public data shows, up to on April 30, the capital total of photoelectron company twelve billion one hundred and seventeen million yuan, net assets 3.72 billion yuan, 2008 1 to net April gain thirty million six hundred and fifty-seven thousand five hundred yuan. The enrollment of photoelectron company capital 4.3 billion yuan, main scope of operations is TFT-LCD namely the sale of material of the electron such as filmy transistor monitor, electric equipment, component, finished product and equipment.

Yesterday, wide report electron (600602) receive 5.2 yuan, go up 1.96% ; Wide report information (600637) receive 5.99 yuan, go up 4.72% .

Fuji is connected make WiMAX chip sell a plan

June 9, 2008

[dispatch of Sai Di net] on June 5 message, fuji of Japanese electron manufacturer connects a company to express, the end of sale of chip of 2011/2012 year WiMax that begins its from April 2011 is 1 one billion two hundred and fifteen million seven hundred and fifty-two thousand one hundred and ninety-two yen surely (add up to) of 951 million dollar about. In 2007/08 year, the sale of WiMax chip is nearly 0.

According to foreign media coverage, wiMax is new generation wireless online technology, offer remote wireless data to transmit a service for the user, speed also is compared before the standard is faster. Under photograph comparing, wiFi can offer close quarters data to transmit only however.

It is reported, chinese Taiwan serves the WiMax that rolls out commercial base this year, japan will begin 2009 by this country KDDI of business of the biggest mobile operation is rolled out.

Fuji connects Zhou San of Makoto Awaga of chip branch general manager to exhibit Computex assembly room to appear a reporter to express to the road in Taipei international computer, this company predicts, rise to popularize energy-saving communication chip to be able to drive the sale of integral WiMax chip energetically. This company already looked the sale demarcate is 100 billion yen, for its 2008 money year total sales revenue 2% of 5.3 million yen.

Awaga predicts, before 2012, material of quantity of global WiMax user will be amounted to 4000 to 50 million.

Golden hill searchs CEO to plan to fall calm: Qiu Baijun becomes a full member

June 3, 2008

Dispatch of sina science and technology on June 3 midday message, golden hill software (3888.HK, say below ” golden hill ” ) affirmed recently, qiu Baijun of this company author, president holds the position of company CEO formally already one duty. It is reported, golden hill is short-term search CEO no longer, this means golden hill to be as long as half an year searchs CEO disturbance more to already came to an end.

Last year on December 20, because body reason resigns,golden hill announces Lei Jun golden hill president and CEO post, beg CEO of Bai Jun representative by company president one duty. Golden hill held water to be in charge of choosing those who issue a CEO for this ” special committee ” , did not announce all the time nevertheless specific choose a requirement. Subsequently, backstage of old body house begs uncle gentleman to manage golden hill daily routine with acting CEO part all the time.

Qiu Baijun ever expressed when be communicated with sina science and technology, before golden hill chooses appropriate CEO, oneself can act as agent all the time CEO post. When refer chooses law of golden hill CEO, he ever expressed clearly ” do not hope airborne arms, cannot do not have appropriate with respect to put up with ” .

On one hand, golden hill does not search CEO agog. On the other hand, beg the full of sound and color that Bai Jun does acting CEO. He ever told sina science and technology, as a result of each business board piece deal out a few deputy total be put in charge such as Zou Tao, Ge Ke, oneself burden does not calculate too big.

And Qiu Baijun ” take over the reins of government upon coming age ” since, also bring a few changes to golden hill in succession by its individual style. For instance, give golden hill complete a treatment endowment, recombine a net to swim career ministry core manages a layer.

On May 30 afternoon, golden hill software is released up to March 31, 2008 money signs up for first quarter, this quarter total battalion receives humanness civilian money 175 million yuan, relatively on the quarter grows 5% , relatively the corresponding period grew 68% last year; Among them net profit is a RMB 64.31 million yuan, relatively on the quarter grows 263% , relatively go up growth of year of the corresponding period 120% .

That day in the evening, golden hill software issues announcement, appoint Qiu Baijun formally to be company CEO. Announcement shows, the company director that begs Bai Jun and golden hill to signed by a definite date 3 years on October 9, 2007 serves agreement. Basis and agreement, seek monetary reward of trustee of collection of Bai Jun general annual and basic pay and other material benefits 700 thousand yuan of RMB. It is reported, short-term Neijinshan won’t have the plan that seeks CEO.

Personage of golden hill interior expresses, in the half an year of CEO of Qiu Baijun representative, the golden hill performance on money newspaper is good, because this board of directors decides to make him formal take up the post of CEO, he takes up the post of CEO formally to also will give investor more hope. On the other hand, in golden hill distinctive company culture falls, searching CEO is a very difficult issue: In-house, at present still unmanned the load that can receive CEO; Exterior, rushed and airborne tall canal suits golden hill culture hard. (Han Zhiquan wisdom)

Golden hill searchs CEO to plan to fall calm: Qiu Baijun becomes a full member

June 3, 2008

Dispatch of sina science and technology on June 3 midday message, golden hill software (3888.HK, say below ” golden hill ” ) affirmed recently, qiu Baijun of this company author, president holds the position of company CEO formally already one duty. It is reported, golden hill is short-term search CEO no longer, this means golden hill to be as long as half an year searchs CEO disturbance more to already came to an end.

Last year on December 20, because body reason resigns,golden hill announces Lei Jun golden hill president and CEO post, beg CEO of Bai Jun representative by company president one duty. Golden hill held water to be in charge of choosing those who issue a CEO for this ” special committee ” , did not announce all the time nevertheless specific choose a requirement. Subsequently, backstage of old body house begs uncle gentleman to manage golden hill daily routine with acting CEO part all the time.

Qiu Baijun ever expressed when be communicated with sina science and technology, before golden hill chooses appropriate CEO, oneself can act as agent all the time CEO post. When refer chooses law of golden hill CEO, he ever expressed clearly ” do not hope airborne arms, cannot do not have appropriate with respect to put up with ” .

On one hand, golden hill does not search CEO agog. On the other hand, beg the full of sound and color that Bai Jun does acting CEO. He ever told sina science and technology, as a result of each business board piece deal out a few deputy total be put in charge such as Zou Tao, Ge Ke, oneself burden does not calculate too big.

And Qiu Baijun ” take over the reins of government upon coming age ” since, also bring a few changes to golden hill in succession by its individual style. For instance, give golden hill complete a treatment endowment, recombine a net to swim career ministry core manages a layer.

On May 30 afternoon, golden hill software is released up to March 31, 2008 money signs up for first quarter, this quarter total battalion receives humanness civilian money 175 million yuan, relatively on the quarter grows 5% , relatively the corresponding period grew 68% last year; Among them net profit is a RMB 64.31 million yuan, relatively on the quarter grows 263% , relatively go up growth of year of the corresponding period 120% .

That day in the evening, golden hill software issues announcement, appoint Qiu Baijun formally to be company CEO. Announcement shows, the company director that begs Bai Jun and golden hill to signed by a definite date 3 years on October 9, 2007 serves agreement. Basis and agreement, seek monetary reward of trustee of collection of Bai Jun general annual and basic pay and other material benefits 700 thousand yuan of RMB. It is reported, short-term Neijinshan won’t have the plan that seeks CEO.

Personage of golden hill interior expresses, in the half an year of CEO of Qiu Baijun representative, the golden hill performance on money newspaper is good, because this board of directors decides to make him formal take up the post of CEO, he takes up the post of CEO formally to also will give investor more hope. On the other hand, in golden hill distinctive company culture falls, searching CEO is a very difficult issue: In-house, at present still unmanned the load that can receive CEO; Exterior, rushed and airborne tall canal suits golden hill culture hard. (Han Zhiquan wisdom)

Windows7 will still appear on the market 2010 with Vista kernel the plan is changeless

May 29, 2008

  Introduction appears on the market from Windows of below one edition now time has been not worth two years, microsoft begins to divulge more concerns its new information, what to perhaps disclose to will be withheld in new edition at least.

Appear on the market from Windows of below one edition now time has been not worth two years, microsoft begins to divulge more concerns its new information, what to perhaps disclose to will be withheld in new edition at least.

In space of guest of rich of Windows Vista group, microsoft Windows client carries Chris Flores of communication group president to express in a card, the sequela of Vista, code name ” Windows 7 ” the difference of new system and its predecessor won’t be too big.

Flores says, “The long-term framework investment that we introduce in Windows Vista has been mixed in Windows Vista SP1 get reforming in Windows Server 2008, will continue to use in Windows 7. Will continue to use in Windows 7..

The means of this word says, the volume that the meeting in fokelore uses in Windows 7 is minorrer brand-new operating system kernel is not new. Contrary, it is the product that is based on existing code. Can not resemble a lot of expert place guessing to Windows 7 from Vista and Server 2008 experience major change on the design in that way.

The strategy that Microsoft discusses Windows 7 currently is art of a kind of balance, do not affect the sale of existing Vista as far as possible, especially business circles begins to quicken all-pervading period eventually; Through this kind at the same time progressively reel off raw silk from cocoons pares the method of chrysalis often leaks the information of new edition, for demand of work up of system of this kind of future.

After just be late 6 years in classics of Vista all previous and letting Microsoft apologize for this, every other releases the acceptance of Windows of a new edition 3 two years to make the one big challenge of Microsoft.

January 2007, namely after Microsoft releases Vista finally, was to receive an user immediately almost people exorbitant to systematic hardware requirement, move slow complain as what a variety of XP, hardware lack compatible Vista driver to wait a moment. In addition, before mixing, Windows releases circumstance photograph similar is, business client does not wish to comprehensive configuration is used or be evaluated before Service Pack 1.

Square cautious attitude brings about big client analyst and commenter people appeal in succession, requirement Microsoft acceptance undertakes weighing heavying repair changing in Windows 7.

So far, a lot of observation homes anticipate Windows 7 can use the new system kernel that a bulk reduces greatly, acquire taller than Vista property from this. The kernel of the operating system is the one fraction code that this system ground floor supports the mainest function normally, it can wait for resource with computer hardware directly alternant, and the communication between processing system and applied process.

Microsoft ever revealed to call in an university last year ” MinWin ” slender edition kernel, but they from this later bright little mention this kernel. Look now this is not a new kernel.

Flores says in its card, “Windows Vista built a very solid base… Windows Server 2008 is built on the foundation here, prospective Windows 7 also will be such. He Mou some guess contrary is, microsoft won’t develop new kernel for Windows 7. Microsoft won’t develop new kernel for Windows 7..

Meanwhile, what replace Vista with new kernel is a completely different story. Actually, after so many work was being done to develop Vista kernel in Microsoft, change in Windows 7 new kernel is bothered already waste time again. Charles King of Pund-IT chief analyst says, “Although Vista has such and such problem, turn to brand-new the kernel may cause a more and real serious problem. ” the effort that develops the additional work of new kernel to may let Microsoft for Windows 7 is destroyed at once, affected them finally to accelerate an operating system to replace the plan of speed.

Another spokesman repeated Flores predicting Microsoft early the statement before, namely this kind of system still presses about 3 years of pusher after booking a plan to appear on the market in Vista to go out, that is to say, it is with the best will in the world 2010. This and the Windows 7 that build Ci to be alluded last week may be in a certain moment came out to differ apparently 2009.

“The development plan of Windows 7 is very good, we are very glad to tell everybody, it is rolled out after we meet what appear on the market in the round in Windows Vista as scheduled about 3 years, ” Flore complement says.

Of course, every company can announce product plan in a certain moment, the purpose is to attract client attention and interest. The problem is, when is Microsoft thinks just the most appropriate time that talks about new edition Windows? Did not forget, the history in the past lets Microsoft be being borne all the time ” jump ticket king ” notoriety.

The market analyses Michael Cherry of analyst of orgnaization Directions On Microsoft to say, “If they start to talk every time,conversation is the word of accurate information, I can accept their current silent mood. ” Cherry compensatory explanation says, for example Microsoft once was applied to developer at the outset pressure, ask their development can be used adequately the meeting is allegedly compositive the product of the function of WinFS of new document system in Vista. Result, as Vista come out finally, microsoft WinFS from which take out.

Microsoft is determined to make same mistake no longer it seems that, scrupulously abide by this company official to make the commitment below when Vista is released, let a product update cycle to maintain in 2-3 year in.

Division dragon restarts add letter of hair plan sea to note endowment the price falls reach 1.6 billion yuan

May 29, 2008

ST division dragon (000921.SZ, say below ” division dragon ” ) announced today new directional add hair program, the white cable assets that its are big the East China Sea believes air conditioning to draft infuse division dragon fixes a price by 2.54 billion original yuan fall considerably come not to exceed 1.6 billion yuan, key became low 37% .

This year on March 20, what division Long Yuan comes is directional add hair plan can be overruled by card inspect. In light of the new plan that announces today by division dragon, price of property of infuse of sea letter air conditioning is exorbitant it is the real reason that original plan is denied.

According to new plan, the sea believes the asset of air conditioning infuse to do not have a change: Air conditioning asset included the sea to believe (Shandong) the equity of 100% and sea believe air conditioning limited company (Zhejiang) air conditioning limited company the equity of 51% ; Freezer asset is believed for the sea (Beijing) electric equipment limited company the equity of 55% ; The management sex property that sale assets owns for limited company of sale of Qingdao sea letter and indebted.

And trade the price is reduced considerably however come not to exceed 1.6 billion yuan. And, if net assets is worth the Zhang face of the asset prompt day of mark under imitate net assets, criterion need of sea letter air conditioning fills with cash neat balance. Conversely, division dragon does not need to return the sea to believe air conditioning with cash. The fiducial day of asset value that buys mark is on April 30.

To buy afore-mentioned property, division dragon serves as pay to issue Xiang Haixin air conditioning to valence do not make an appointment with 280 million A more than, every par value is 1 yuan, issue valence to be division dragon A before stopping a card on May 14 20 trade of day all valence 5.71 yuan / .

Apparent, compare with original plan photograph, division dragon believes empty setting to compared 365 million original to decrease considerably to the share amount that issue to the sea 23% ; Issue the price to also compare 6.98 original yuan / reduced 18% .

New plan still needs to obtain division dragon board of directors, A with H meeting, Department of Commerce approves shareholder plenary meeting and card inspect rear but become effective.

Sea letter air conditioning is particularly affirmatory in new plan, 8 refrigerator that by the sea letter Beijing company uses are patent, copyright of software of 74 the patent of 27 air conditioning that company of You Haixin Shandong uses, air conditioning, the change the name of owner in a register before the shareholder plenary meeting that adds hair program is held will be discussed to reach the designated position in division dragon.

The sea believes air conditioning to return acceptance, once plan is obtained,approve, it adds the division dragon that reachs original hold newly share all is not made over inside 3 years.

Of new plan carry out, will can eliminate the competition of a person of same business between division dragon and large stockholder, improve the asset quality of division dragon and gain ability thoroughly, make division a surname the white report admiral with subordinate group of the letter that it is the sea thereby. This is why division dragon large stockholder is willing to fall oneself ” social status ” the strategic intent that also should continue to advance assets of division dragon, Hai Xinbai cable to recombine.

Division dragon restarts add letter of hair plan sea to note endowment the price falls reach 1.6 billion yuan

May 29, 2008

ST division dragon (000921.SZ, say below ” division dragon ” ) announced today new directional add hair program, the white cable assets that its are big the East China Sea believes air conditioning to draft infuse division dragon fixes a price by 2.54 billion original yuan fall considerably come not to exceed 1.6 billion yuan, key became low 37% .

This year on March 20, what division Long Yuan comes is directional add hair plan can be overruled by card inspect. In light of the new plan that announces today by division dragon, price of property of infuse of sea letter air conditioning is exorbitant it is the real reason that original plan is denied.

According to new plan, the sea believes the asset of air conditioning infuse to do not have a change: Air conditioning asset included the sea to believe (Shandong) the equity of 100% and sea believe air conditioning limited company (Zhejiang) air conditioning limited company the equity of 51% ; Freezer asset is believed for the sea (Beijing) electric equipment limited company the equity of 55% ; The management sex property that sale assets owns for limited company of sale of Qingdao sea letter and indebted.

And trade the price is reduced considerably however come not to exceed 1.6 billion yuan. And, if net assets is worth the Zhang face of the asset prompt day of mark under imitate net assets, criterion need of sea letter air conditioning fills with cash neat balance. Conversely, division dragon does not need to return the sea to believe air conditioning with cash. The fiducial day of asset value that buys mark is on April 30.

To buy afore-mentioned property, division dragon serves as pay to issue Xiang Haixin air conditioning to valence do not make an appointment with 280 million A more than, every par value is 1 yuan, issue valence to be division dragon A before stopping a card on May 14 20 trade of day all valence 5.71 yuan / .

Apparent, compare with original plan photograph, division dragon believes empty setting to compared 365 million original to decrease considerably to the share amount that issue to the sea 23% ; Issue the price to also compare 6.98 original yuan / reduced 18% .

New plan still needs to obtain division dragon board of directors, A with H meeting, Department of Commerce approves shareholder plenary meeting and card inspect rear but become effective.

Sea letter air conditioning is particularly affirmatory in new plan, 8 refrigerator that by the sea letter Beijing company uses are patent, copyright of software of 74 the patent of 27 air conditioning that company of You Haixin Shandong uses, air conditioning, the change the name of owner in a register before the shareholder plenary meeting that adds hair program is held will be discussed to reach the designated position in division dragon.

The sea believes air conditioning to return acceptance, once plan is obtained,approve, it adds the division dragon that reachs original hold newly share all is not made over inside 3 years.

Of new plan carry out, will can eliminate the competition of a person of same business between division dragon and large stockholder, improve the asset quality of division dragon and gain ability thoroughly, make division a surname the white report admiral with subordinate group of the letter that it is the sea thereby. This is why division dragon large stockholder is willing to fall oneself ” social status ” the strategic intent that also should continue to advance assets of division dragon, Hai Xinbai cable to recombine.

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