60 million acquisition of Easy Netcom 32%, Switzerland Kuoni China

Switzerland's Kuoni Group, one of Europe's largest tourist agencies, bought 32% of the US hedge fund gandharamaster funds with 5.3 million pounds (about 59.96 million yuan) to become the largest single shareholder in South China's online travel enterprise, easy netcom.　　The acquisition is considered to be an important move for Kuoni to enter the fast-growing Chinese tourism market because it still holds a 50.64% per cent stake. Line under the combination of this is not the first time K Uoni into China, as early as in 2007, through its another brand of tourism into Guangzhou, the first foreign travel agency in Guangdong. When the reporter interviewed the scenic spots in 2007, it had said that it would rely on overseas resources to operate inbound tours, especially incentive tours.　　But Guangdong insiders said, because of policy and domestic resource constraints, the scenery into the Guangdong two years has not developed.　　And the acquisition of Easy Netcom is seen as expanding the marketing network, the line under the combination of resources of the strategic layout "foreign capital does not have to come in to open the store, but can take the way of capital operation," Guangdong China Travel Group spokesman Wang Jian said. Founded in 2000 in Guangzhou, Easy Netcom currently has a broad travel control, customers exceed 1.5 million.　　In addition, a joint venture was established with Southern Airlines in 2003 to provide electronic ticket distribution. According to Easy Netcom as of June 30, 2008 earnings, half-year income growth of 21%.　　One of the broad travel revenue reached 424 million yuan, an increase of 33.4%, online booking business 27.1 million yuan, an increase of 41%. "K-Uoni will open a partnership with China's most important travel company by acquiring an easy-netcom stake."　　"K-Uoni CEO Roth Weir said the stake is held by K Uoni's D Ivisionstyle, which will also be a board member of the Yi Netcom." K-Uoni will undertake global acquisitions in addition to acquisitions in China, K Uoni is also poised to reverse the trend in many countries to carry out similar plans. This May, Roth said, "one of the goals of going out is to acquire opponents who have rejected K uoni many times."　　"But it did not disclose the company name. Supporting K-Uoni to implement aggressive policies is a good financial performance.　　Revenue amounted to 4.855 billion Swiss francs in fiscal year 2008, up 3.3%, net profit of 152 million Swiss francs, up 12.1% year-on-year. Last year, K Uoni made 7 acquisitions involving countries including Switzerland, the United Arab Emirates, Australia and the UK.　　The purchase of a British travel agency dedicated to Europe, the Caribbean and the Indian Ocean paid 36 million pounds, with other acquisitions amounting to $70 million. Newspaper reporter Dong Ji