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 与中国有关的并购案例, 不知此项目是否会成功? |
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Diamondhorse
警告次数: 1
头衔: 海归中将
声望: 博导
性别: 
加入时间: 2005/11/01
文章: 4896
海归分: 442560
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作者：Diamondhorse 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
华尔街依然一片萧瑟, 中国概念还有一点生气?
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China Opportunity Acquisition Corp. has set March 10 as the shareholder vote date for its $229 million merger with Golden Green Enterprises Ltd., a British Virgin Islands company that owns the Chinese steel maker Henan Green Complex Materials Co.
China Opportunity’s shareholders will exchange their shares and warrants on a one-for-one basis for shares and warrants in Golden Green. The swap is valued at $52.6 million based on yesterday's closing share and warrant prices of $5.88 and 20 cents.
Additionally, Golden Green shareholders will receive 30 million new shares in the post-merger company recently valued at $176.4 million.
Meanwhile, on Monday, hedge fund Loeb Arbitrage Management reported a 7.4% stake in China Opportunity worth just under $3.7 million, according to an ownership filing. The fund said in the filing that it may engage management in discussions related to its "business and future plans," and could seek board representation.
The SPAC's shares and warrants have risen 9.5% and 20% respectively, since the deal was announced in November.
Current Golden Green shareholders can also earn an additional 1 million shares in 2009, 2010 and 2011, if net income reaches $45 million, $60 million and $80 million in each of those years.
Henan Green is a specialty steel maker selling its products exclusively to the Chinese market. Henan Green's 2007 revenue jumped 41% to 139.6 million, and net income rose 49% to $23.7 million.
China Opportunity’s shareholders of record as of Feb. 5 will be allowed to vote on the deal.
Filings: S-4/A, 13D
作者：Diamondhorse 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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 与中国有关的并购案例, 不知此项目是否会成功? -- Diamondhorse - (1642 Byte) 2009-2-03 周二, 12:24 (1383 reads)
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