Giant network to reach privatisation final deal price 12 dollars per share

March 17 News, giant network announced today has reached a final privatisation agreement, the price of 12 U.S. dollars per share, the deal will be completed in the second half of 2014 delivery.

The giant has signed a final merger agreement and Plan (hereinafter referred to as "the Merger Agreement") for privatisation and giant investment 2¥q (hereinafter referred to as "the parent company") and its wholly-owned subsidiary giant merger 2¥q (hereinafter "the merged subsidiary").

Under the merger agreement, the parent company will buy the giant's shares in cash at the price of/ads12.00 dollars per share, with a total purchase price of about 3 billion dollars. The price is a premium of 11.75 US dollars in the offer of privatisation announced on November 25, 2013 and 2.1% per cent of the NYSE's closing price of 10.13 USD at a premium of 18.5% , with a premium of 31.6% and 33.6% respectively for the weighted average price of 30 days and 60 days before November 22, 2013.

November 22, 2013 is the last trading day before November 25, 2013. On November 25, 2013, the giant announced the receipt of a subsidiary of Shi Yuzhu and its affiliates and the Baring Asian investment (Baring Private Equity Asia) of the company's board of Directors (hereinafter the "Baring" fund for the investment and management of Baring Asia) The proposed non-binding privatization offer.

Once the transaction is completed, the parent company will be the Shi Yuzhu, Baring Hongyi Capital (Hony Fund V, L.P. (hereinafter referred to as "Hong Yi"), a buyer's consortium comprising Hong-Yi Capital and its management fund will benefit all. Until the merger agreement was signed, the buyer's consortium members had a total of 49.3% of the Giants ' shares.

The buyer's consortium plans to (i) cash provided by Baring Hongyi (ii) from China Minsheng Bank (Hong Kong Branch), BNP Paribas (Hong Kong Branch), Credit Suisse Bank (Singapore Branch), Deutsche Bank (Singapore branch) and Goldman Sachs (Asia) l.l.c. And the Goldman Sachs Lending company LLC), ICBC International and JPMorgan Chase combined 850 million US dollar loan financing (the loan agreement came into effect on March 17, 2014), and (iii) the Giants and their subsidiaries held cash to provide the exchange for funds.

The deal is currently expected to complete delivery in the second half of 2014. If the deal is completed, the giant will become a privately held company and its US depository receipts will no longer be traded on the NYSE.