Transfer giant network reorganization ready to privatize, Hong Kong listing

June 16 News, according to overseas media reports, Alibaba, Beijing East and the public comments, such as Chinese-funded branch network Enterprises "Shing Drive Imperial", ready to the United States listing. A group of earlier "go out" of the Chinese-funded enterprises, but "quit home", preparations for the return to Hong Kong next year to the listing.

Sources revealed that the business of the Giant Shi Yuzhu (micro-BO) owned by the Giants network, is being restructured and ready to privatize, is expected to come to Hong Kong next year listing.

Two years ago, a number of U.S.-listed Chinese-funded private enterprises, some of the selling institutions such as muddy water research sniper, partly because the accounts are not clear, and in the United States market is under pressure. Because of the low share price, many bosses are interested in privatizing the company and choosing a new listing.

Sources pointed out that the giant network chairman Shi Yuzhu, with a number of fund shareholders, reached a preliminary agreement, and chose Hong Kong as a new starting point, but the fastest and next year will be able to achieve.

The source said that the group is restructuring the structure, have the opportunity to more business such as mobile phone games into the Hong Kong listing plan, so the giant network included in the business of listed companies, there is more opportunities than the present. At the same time, since the privatization of the group involves a number of bridging loans, the purpose of listing in Hong Kong is also to repay loans.

The US-listed media, which was privatized last year, and other Chinese-owned enterprises such as Shanda games and seven-day hotels, will return to Hong Kong.

Fund analysts believe that if the giant network comes to Hong Kong to be listed again, it is expected to get a higher valuation, from about 8 times times the current earnings ratio to 12 to 18 times times P/E.

"However, the premise is that other Hong Kong-listed gaming stocks have stayed, and the poor performance of Kingsoft Software (3888) has shown that online gaming revenues have slowed very sharply," he said. Unless the Golden Hill to keep 20 yuan, otherwise the giant backflow may not be able to get better valuations. The analyst also pointed out that Shi Yuzhu in the market famous, or the giant network to benefit from the popularity of the market.

In fact, the Giants ' earnings in the first quarter of this year, which grew by less than 1% to 92.5 million dollars a year, have been slowing in recent quarters as the growth rate of active paying subscribers has slowed. As for, the user ARPU (average monthly income per household), is the first time in nearly two years, from the same period last year 238 yuan, to 230 yuan.

The performance of the giant slowdown is also the industry trend, online games in recent years has been the challenge of mobile phone games, and many people from the heavy players into the medium-scale players, coupled with the "Journey" series, "Rivers and lakes" and other aging, so that the loss of the player continued, it will affect the