HK $260 million to acquire Hong Kong ASL Holdings China wins to grow into a small multinational

-This reporter Jiali for planning important things and suspension of the Hua Sheng Tiancheng, after a week finally gave the answer, May 7, in Beijing, registered to operate computer technology development and services, China Sheng Tiancheng issued a notice, will be about HK $260 million of cash acquisition of Hong Kong listed automatic Systems Group (ASL) 68.4% shares. "At present, the acquisition is waiting for the shareholders ' meeting to pass, the company level can be concluded, the follow-up needs of Government-level relevant agencies."　　Hu Jiafei, an interview with the Securities Daily, said. It has not passed the approval of the relevant institutions, China wins May 8 released the fourth Interim board meeting in 2009 that will rely on Huasheng technology (Hong Kong) Co., Ltd. in its own cash form of the acquisition of asl68.4% 's stake, a total of 203 million shares. According to the announcement, the acquisition of the actual total price of HK $262 million, the acquisition of equity from the CSC Computer Sciencesinternational Inc. and its wholly owned subsidiary.　　After the completion of the acquisition, Huasheng Hong Kong will become the absolute controlling shareholder of ASL, and Huasheng Day becomes ASL's actual control person. It is understood that ASL is a local information technology application service provider.　　The main plan is to complete its acquisition by acquiring ASL controlling shareholder CSA (holding asl63.78% stake) and CSI (holding asl4.62% shares).　　The transaction of the agreement of the other CSI and CSA, are CSC's wholly owned subsidiaries, of which CSI is directly controlled by CSC subsidiary, CSA for CSC through the CSI indirect control of the subordinate enterprises. 　　At present, as the deal will trigger a full offer, Huasheng (through its Hong Kong subsidiary) needs to issue a full offer to ASL shareholders.　　If the acquisition is approved, to the company's shareholders all issued an offer of subsequent large amounts of funds, for the Hua Sheng Tiancheng is still not a small pressure. It is understood that the transaction requires the approval of some regulatory bodies to complete.　　Including the vote of the 2/3 shareholders at the China-Seung-shing shareholder meeting, approval of the Ministry of Commerce, the National Development and Reform Commission and the State Administration of foreign exchange, approval of the CSRC, approval of the Hong Kong securities regulatory body and the general meeting of the automatic Systems group. "As a result of the financial crisis, foreign takeovers of the government is more cautious, we feel that the hope is still relatively large."　　Hu Jiafei that. "Some work, such as vetting and approving work, still takes six months or a year."　　"Hu Jiafei said. From four aspects phase ASL "target company (ASL) this year the main business net profit 40 million, according to 68% proportion to Hua Sheng Tiancheng contribution more than 20 million, for the company this year net profit thickening 10%, the performance influence is not big." Hu Jiafei told reporters: "Our most fancy ASL is its ability to provide solutions and services." "Hua Sheng Tian Cheng revealed that mainly from the strategic expansion target, business proportion, reserve strength, resources, such as the four aspects ofL。 The deal Hua Sheng Tiancheng intends to borrow ASL to achieve overseas strategic expansion.　　Hua Sheng Tiancheng believes that the ASL business composition, software and services occupy a larger proportion of the business with Huasheng-day into a certain degree of complementarity.　　ASL in increasing the technical force and technical reserves of Huasheng, enhance its research and development capabilities have a unique effect, which is the reason for the choice of ASL in China when the reasons for consideration. At the same time, the combination of ASL with the world's major IT equipment and software suppliers such as Sun, IBM and other mega-enterprises, established a more long-term close cooperative relations, making the choice of ASL is particularly tempted. "In fact, ASL business in Hong Kong, Taiwan, Macao, Thailand, and even mainland China have already had branches, in the gradual expansion of the company after the acquisition still constantly improve its system." Hu Jiafei told reporters.