Old SIVC news about partnership with Hunter Wise. Interesting that a reputable big money player is using SIVC's subsidiary Redwood to sift through all of Hunter Wise's China deals and SIVC will screen out the deals that don't make sense. Tells me SIVC and SIVC shareholders will be getting shares in a lot of China Reverse mergers for quite some time.
Hunter Wise Opens China Office
Posted February 13, 2008 6:00PM PST
Irvine, Calif.-based placement agent Hunter Wise Financial Group said Jan. 29 that it opened an office in Beijing.
Daniel McClory, managing director of Hunter Wise, spoke to DealFlow Media from his Southern California location about the investment bank's plans to increase its activity in the PIPE market in 2008.
McClory said Hunter has been involved in about a dozen PIPEs in the past five years, most of them smaller deals. PrivateRaise, which only records transactions of $1 million or more, has tracked the firm as a placement agent in four PIPEs for a total of $32.2 million arranged.
But in 2008, McClory says that Hunter will increase its activity with a focus on China. The deal the firm closed on New Year's Eve, McClory said, will be more indicative of the types of transactions Hunter was be involved in going forward: it was a $17 million private placement concurrent to a reverse merger for a Chinese pork producer. Hunter received a fee of $1.19 million, for 7% of the issuance amount, and $600,000 for reimbursement of expenses, according to filings made in the transaction closing.
McClory said that Hunter is currently looking at another half a dozen Chinese reverse mergers with PIPEs in the $30 million to $50 million range. He recommends this structure over reverse mergers without PIPEs, where a company goes public and hopes for capital later.
To eliminate trouble sifting out which companies are best suited for public offerings and private placements, Hunter has partnered with Redwood Capital, which has 12 people in China to originate transactions, according to McClory. [/b
Now SIVC 2/28 PR S3 Investment Company, Inc. (PINKSHEETS: SIVC), scheduled to travel to China on March 5, 2008 for meetings with up to 6 potential new reverse merger clients for S3's Redwood Capital subsidiary....
Very interesting Hunter Wise said they have 6 potential China deals and they're using SIVC to screen these deals. Then SIVC puts out a PR they're going back to China to look at 6 more deals. Nothing better than independent verification SIVC is sitting on a ton of new deals. Hunter Wise whould keep feeding SIVC deals at a steady clip going forward.
