TCL2.32 100 million be restricted to make work current now large stockholder makes known his position not to sell

April 24, 2008

Large stockholder makes known his position ” do not sell “

Dispatch of new wall bulletin (reporter Chen Xuedong) ” be restricted 232 million times to make work will appear on the market now current, nevertheless already affirmatory near future won’t sell group large stockholder this share share. ” appear to drop considerably in the light of the stock after issueing announcement of lift a ban last week, wang Gongbo of secretary of TCL group board of directors was responded to yesterday.

It is reported, TCL group issued the suggestive announcement that about removing share is restricted to make work on April 17, morrow TCL stock appears of 8.84 % deep drop, receive a reply 4.54 yuan. Apparent market is afraid 232 million be restricted to make work a lift a ban can bring a large number of casting to press.

Public data shows, TCL group total capital stock 2.586 billion, be restricted to make work among them 305 million, 232 million of this lift a ban control a limited company by benefit city investment respectively (occupy 129 million) , company of flying benefit riverside (occupy 33.53 million) with TCL group labour union (occupy 69.33 million) hold. After this lift a ban, only benefit city investment accuses a limited company to still hold share of finite carry out 73.54 million.

Nevertheless, wang Gongbo discloses, benefit city invests holding company to show equity of group of TCL of will extended hold, hold position of the biggest partner, the near future did not offer a plan. It is reported, its are in last year April first 129 million of lift a ban, sold 3.6 million only in going one year. Riverside of flying interest of the 2nd large stockholder expresses, it is strategical to the equity of TCL group investment, last year in April of lift a ban 5% be restricted to make work equity did not sell, the near future also did not offer the plan of equity. Besides, flying benefit riverside still participates in TCL group in research directional add the feasibility of hair. And group labour union holds a share actual beneficiary beneficiary is company staff, after lift a ban deal with will by employee write one’s own ticket. Lidongsheng regards TCL group president as the 4th large stockholder, last year in April after lift a ban, unsold also stock.

Microsoft is restricted Yahoo 3 accept inside week purchase proposal

April 6, 2008

Time of Beijing of dispatch of sina science and technology on April 6 message, according to foreign media coverage, microsoft is given out to Yahoo Saturday originally ” ultimatum ” , if cannot be reached before April 26,claim trade, will start ill will to buy with lower price.

Microsoft is presiding apparitor Steve Baoermo (say in the letter that Steve Ballmer) is writing Yahoo board of directors: “If cannot be in,did not come 3 Zhouneida is become consistent, we will be forced to trade this partner of Yahoo of direct resort to, include to start a dealership to contend for battle, in order to elect new Yahoo director. If we are forced to quote to Yahoo partner directly, the company value that will give Yahoo brings you not to consider the effect that see, because we develop to future,the view of foreground will be mirrorred in buying quoted price. ” so far, yahoo has not published a comment at this point.

Baoermo expresses at the same time, refer from Microsoft since buying quoted price, the share that Yahoo owns in search market, and page visit quantity all produces now to slip, and they are the two old main index that measure Yahoo operation situation. This year on January 31, microsoft is referred to Yahoo board of directors buy quoted price, the hope adds a stock to buy latter share with the cash of every 31 dollars, this one price relatively Yahoo at that time price of share price excessive 62% . But, yahoo board of directors rejected Microsoft subsequently buy a request, think Microsoft underestimated the value of Yahoo badly.

Submit the share price when quote according to Microsoft, the total value that this trades is 44.6 billion dollar about. But drop continuously as Microsoft share price, trade value already shrink is controlled to 41 billion dollar. Buy for nick Microsoft, yahoo was searching other replacement scheme all the time for some time in the past, include to discuss the feasibility that begins collaboration of some kind of form with group of Gu Ge, news and times Wanner, but the result that did not produce materiality.

Baoermo expresses, he has noticed Yahoo is seek replacement scheme efforts, but still reject to feel bemused with Microsoft negotiation below the case that did not get other quoted price to Yahoo. He says: “We buy plan fairness for what Yahoo partner offers reasonable, and you choose without other. Worsen further as economic environment, our buy plan to become have appeal more. We believe, major shareholder holds with Yahoo this one viewpoint, although Yahoo published a financial plan before this, claim battalion closes will grow 70% above 3 years at future. Claim battalion closes will grow 70% above 3 years at future..

Referring at the beginning of buying quoted price, microsoft expresses truly with respect to Ceng Ming, to be over of didymous Yahoo buy, will not hesitate the step that takes all likelihoods, include to bid to Yahoo partner directly, and start a dealership to contend for battle, in Yahoo new Yahoo director was elected on shareholder plenary meeting 2008. Current, yahoo has not decided shareholder plenary meeting holds time. The message said recently, microsoft had retained firm of adviser of a dealership, help its begin ill will to buy. (Rub Er)

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