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Mecox Lane Limited - M18.com (MCOX) RSS Feed

Followers
5
Posters
25
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0
Posts (Total)
61
Created
10/23/10
Type
Free
Moderators
Mecox Lane is in partnership with Giosis which is run by Gmarket's founder to operate new M18.com as an online marketplace website

And Giosis is 49% owned by eBay

There is eBay logo at the footer of New M18.com website.





MCOX , the new JV with Giosis costs Mecox its own domain name and another $5 million for 40% ownership. And Giosis has to pay $15 to get 60% of new JV. That means new JV is about $25 million valuation.

As of 2012-09-30
Cash & Equivalents 7.36
Short Term Investments 35.48

no LT debt.

Short-term investment is 100% structured bank deposit which is very safe.
New distribution center is valued by $40 million (construction cost).

Buying Mcox today at $34 million market cap which is less than cash value .And buyer gets free 40% stake in new startup with Giosis (49% owned by eBay) and a new distribution center that can handle 200,000 parcels per day.
The distribution center alone worth at least  $40 million .



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