Day: January 31, 2007

Categories
Business China

Mindray MR Secondary Offering

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Last Updated on February 1, 2007 by stlplace

It appears that Mindray started new offering today. I read its SEC filings here. The insiders will sell 9,827,220 shares and the underwriter will have option to buy additional 1,474,083 shares from selling share holders. That alone won’t have dilution effect.

Separately, the company filed S1 form for stock options registration. That will dilute the stocks if option being excercised.

One thing I am not 100% sure is the difference between secondary offering and insider selling after lock up period (usually 180 days after IPO). I think this one belong to “secondary” because it’s not 180 days after its IPO yet (Sept 26, 2006).

(Update 01Feb07) FinanceAsia has more details about this selling.

Categories
Business China

Huiyuan Juice IPO in HKSE

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Last Updated on March 22, 2009 by stlplace

From The Standard:

“China Huiyuan Juice Group, the mainland’s largest fruit juice maker, is forecast to post 222 million yuan (HK$223.08 million) in net profit in 2006, up 106 percent over a year ago. The company recorded 108 million yuan in net profit in 2005, up 486 percent from the previous year.

Huiyuan is seeking to raise US$250 million (HK$1.95 billion) through an initial public offering next month as it seeks capital for expansion.

…Its peers, milk producer China Mengniu Dairy (2319) and Tingyi Holdings (0322), are trading at 33.8 times and 36.7 times 2007 earnings respectively.”

Comments: like everything else in China, the growth is astonishing. Don’t expect to make quick money on this one though. The expectation will be reflected on the price when it debuts…

huiyuan juice

The ticker symbol is 1886.HK.

Categories
Business Stocks

Amazon Endless New Promotion

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Last Updated on January 31, 2007 by stlplace

I saw this when I was doing some research on Amazon (AMZN). They are giving away $5 for overnight shipping. This is very ineresting because normally the online merchants will do free shipping. But Amazon is always innovative.

On serious note, I think Amazon is interesting because people usually think Google is the king of the Internet, while regard Amazon as nothing more than an online retailer. This could change because Amazon has invested heavily on technology (software) in those years. They are providing technology services to other customers (including retailers). Also from my observation, the Amazon Marketplace, where individuals can list items to sell (similar to eBay), is getting momentum. So don’t think Amazon is nothing more than the online “Wal-Mart”…