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An das endgültige AUS glaube ich noch nicht !
An der OTC ist man im Gegensatz zu den Pink Sheets eine "Reporting Company"....sprich hier muss alles über Filings an die SEC laufen.
Sollte HRCT jetzt nicht wirklich eine Briefkastenfirma sein die uns alle über Jahre verarscht hat....auch was die Subs angeht....dann hat HRCT noch etwas Fleisch auf den Rippen.
Es gibt Umsätze....es gibt noch China Arts und Beijing Rapido.
Wenn es diese Subs wirklich gibt....dann kann man nicht einfach den Schlüssel beim Pförtner abgeben und sagen....so...Wiedersehn.
Wenn es Gangster sind....dann könnten die sich weiterhin die Taschen voll machen mit monatlichen Geldern. Oben drauf würde ich dann noch versuchen die Subs zu Geld zu machen.
Daher besteht hier die Hoffnung das HRCT nur auf Zeit spielt weil sie entweder nicht wissen wie es weitergeht...oder weil sie Zeit brauchen für den 100sten Monsterplan !!
Hoffnung 2 besteht aus dem Börsenmantel....der evtl. für andere Firmen interessant sein könnte. Schliesslich war SINO ja auch schon an HRCT dran.
Ich denke eher....das HRCT etliche Probleme hat die es zu lösen gilt.
- Scheitern des Mergers (wer ist Schuld und wer kann evtl. haftbar gemacht werden)
- Yuan Dian
- Verfehlte Ziele der Subs und daraus resultierende Entschädigungen ?
- Wer ist CEO
- Was passiert mit A. Zhang ??
- Wie geht es weiter
Franz
Jetzt haben wir den 18.06.....und noch immer nix. Kein Filing, Funkstille und "wieder" diese Trades zu Handelsbeginn im 100K-Bereich (wie damals als man die 1,1 halten "mußte" für den Merger)
Muß nicht Mitte Juli wieder ein Q-Bericht kommen....vielleicht erfährt man dann etwas.
Also wenn HRCT hier nicht auf Zeit spielt um uns mit einer neuen Idee zu beglücken.....dann könnte evtl. noch etwas gehen ?
Franz
That deal must be still current
So far I have not seen a filing where the DA was terminated
Termination:
The plan of reorganization and share exchange agreement may be terminated and/or abandoned at any time prior to the closing, wether before or after approval of the proposals being presented to our stockholders,
by:
- either Hartcourt or Sino-Canada, if the closing has not occurred by May 31, 2010
What are they waiting for ??
Perhaps there is still a little bit of hope that both parties could find to each other
Franz
Also ich sehe einen winzigen Hoffnungsschimmer darin das noch kein Filing über die Auflösung des DA gekommen ist. Daher ist der Deal theoretisch noch aktiv. Wenn beide Parteien bereits Mitte Mai haben durchblicken lassen das der Deal sehr wahrscheinlich nicht durchgezogen wird.....dann wäre es ein leichtes gewesen die vereinbarte Deadline vom 31.05.10 zu nutzen um auszusteigen. So ein Mini-Filling über das Beenden des Da wäre doch ein Klacks !!
Jetzt haben wir den halben 10.06. rum.....und auch jetzt ist zu Börsenbeginn noch nichts gekommen !!??
Worauf wartet man ??
Beide Gründe für das Scheitern sind eigentlich pille-palle. Die Verfehlungen des HRCT-Management sollten Sino eigentlich nicht stören, schliesslich übernehmen die beim Abschluß die Kommandobrücke und könnten „aufräumen“. Und der HRCT-Grund das Sino kein 10-K geliefert hat...ist auch nur ein temporäres Problem und könnte gelöst werden. Vor allem weil im März noch alles i.O. war......und bereits zu diesem Zeitpunkt war der Abgabetermin für das 10-K verstrichen.
Es ist also die Kernfrage wo tatsächlich der Hase im Pfeffer liegt.
Zu dieser ungeklärten Situation passt auch das HRCT und Sino weiterhin keine Fragen beantworten bzw. keinen beruhigenden Pieps von sich geben.
Entweder ist man noch damit beschäftigt die Schuldfrage zu klären.....oder....man rauft sich gerade wieder zusammen.
Franz
6 Monats-Periode (Ende November 2009): $ 955.847
3 Monats-Periode (Ende Februar 2010): $ 343.652
9 Monats-Periode (Ende Februar 2010): $ 1.299.499
Ist also alles OK !!
Im neuen Filing wird "nur" die 3 und 9 Monats-Periode angegeben (ziehst du die $ 343.652 ab von den $ 1.299.499 erhälst du die im vorherigen Filing angegebenen Umsätze von $ 955.847)
Franz
Ich denke das (unter Vorbehalt) Tin in Amerika eine ähnliche Rolle spielt wie Rattle bei uns. In diese Richtung sollte man vorsichtig anklopfen und eine amerikanische Meinung einholen.
Wobei ich ernsthafte Schritte erst unternehmen würde wenn A) der Merger zu 100% vom Tisch ist und B) man HRCT mit großer Wahrscheinlichkeit eine Schuld vorwerfen kann.
Ich schätze das HRCT mit den Filings seine Pflicht und Schuldigkeit in Sachen Informationspolitik erfüllt hat. Und auch in anderen Dingen wird HRCT als OTC-Klitsche nur schwer greifbar sein.
Vielleicht kennt jemand auch im Freundeskreis einen Anwalt der sich in dieser Richtung ein wenig auskennt und ein ganz, ganz grobes Urteil fällen kann ??
Franz
Interessantes Volumen: > 400K
Davon (angeblich):
Buy: 288.000
Sell: 130.000
Franz
Amanda Zhang war bis vor kurzem die Vize Präsidentin von HRCT. Wann genau die Ablösung erfolgte weiß ich jetzt auch nicht. Jedenfalls hatte sie im Vorfeld diverse Gespräche mit Ross Yuan (o.s.ä.) dem Boss von Sino-Canada.
Falls sie das Bruchstück in der Beziehung war....dann könnte Victor evtl. noch etwas retten ???
Franz
Also mein Optimismus hält sich stark in Grenzen !!! Und leider sehen ich wenig Möglichkeiten einer von dir und gustav beschriebenen Klage. Daher hoffe ich einfach nur das irgend wann mal die Sache mit HRCT ein halbwegs positives Ende findet.
Aus diesen Motiven heraus überlege ich ob halt dieser Deal nicht doch stattfinden könnte.
Sino wollte doch an die Börse und hat bisher viel Zeit und Arbeit investiert. Was wollen die jetzt machen ?? Einen neuen Versuch mit einer anderen Firma ?? Ein eigenes IPO (welches außer viel Geld kostet sicherlich auch wieder Formalitäten verlangt die man bisher auch nicht bringen konnte).
Daher macht ein Merger mit HRCT viel Sinn (so groß können die Hürden doch jetzt nicht mehr sein)
Und HRCT scheint auch nicht mehr viele Pfeile im Köcher zu haben !! Daher sollte auch denen daran gelegen sein den Deal zum Abschluß zu bringen.
Ich vermute das hier noch ganz andere Problem existieren von denen wir nichts wissen.....von daher würde ich mir mal eine detailierte Erklärung von HRCT wünschen !!!
Franz
Es sieht in der Tat nicht gerade gut aus.
Jedoch muß man abwarten was jetzt bei der ganzen Kiste raus kommt. Jeder schiebt sich jetzt den schwarzen Peter zu. Wenn es jedoch zutrifft das Sino nicht die erforderlichen Unterlagen bringen konnte und HRCT damit nicht in der Lage war die SEC-Fragen zu beantworten, dann liegt die Schuld bei Sino.
Damit verbunden ergibt sich das Sino vermutlich den entstandenen Schaden regulieren muß (und hierunter fällt i.m.A. auch evtl. die Klage von YD).
Was weiterhin zu klären wäre sind die Quartalszahlen und was sich darauf für HRCT ergibt. Mr. Hu hatte sich verpflichtet einen gewissen Gewinn abzuliefern, falls er das nicht kann sind hier weitere Ausfallzahlungen an HRCT evtl. zu erwarten bzw. kann der Deal wohl unter gewissen Umständen rückgängig gemacht werden.
Man muß jetzt abwarten was aus dem Merger wird !!
Rasseln beide nur mit den Ketten und einigen sich zum Schluß doch noch.....oder ist das Tischtuch zerschnitten bzw. will 1 Partei den Deal überhaupt nicht mehr ?? Es erscheint ein wenig komisch das Sino in all den Monaten die Zahlen nicht vorlegen konnte.
Evtl. warten man jetzt nur noch auf Ende Mai....weil dies ein Ausstiegsdatum wäre für beide Parteien ??
Das mit dem Merger muß geklärt werden (in die eine oder andere Richtung) und HRCT muss detailiert über die letzten Monate aufklären und was sich aus dieser Entwicklung für die Firma ergibt.
Franz
Wer sagt das es für die Verspätung keinen Grund gibt ?? Wenn ich damit den Deal rette der HRCT und uns alle ein Stückchen nach vorne bringt...dann können sie gerne dieses YD-Risiko in Kauf nehmen !!
Ich bleibe dabei.....für diese Verspätung gibt es einen Grund....nur ob uns am Ende dieser Grund gefallen wird...ist eine andere Frage !
Franz
Bei dem Deal zwischen HRCT und Sino handelt es sich um ein Defintive Agreement.....solange also hier nix offizielles kommt...läuft der Deal noch.
Natürlich gibt es die Deadline von Ende Mai....an diesem Punkt könnte Sino aussteigen (falls der Deal wirklich nicht mehr gewünscht wird)
Für mich ist dieses 8-K ein (noch) künstlicher Aufreger. YD versucht auf diese Weise an seine Kohle wieder ran zu kommen...außerdem meint man vorrausschauend das Sino von dem Deal zurück tritt (also es wird "bloß" gemutmaßt !!).
Warum sollte Sino nach Monaten zurück treten von dem Deal ??
Wegen dem "E" ??
Wegen der evtl. Mauschelei von HRCT und Mary ??
Wegen einer evtl. Zahlungsaufforderung von $ 250K Plus ??
Das "E" ist ein temporäres Problem...und nach dem Deal hat Sino alles selber in der Hand !!
Die Mauschelei.....auch hier hat Sino zukünftig alles selber in der Hand !!
Sollte gezahlt werden müssen....sind alle Regler wieder auf "Null"....Sino bzw. Maple startet als "neue" Firma mit sauberer Weste.
Solange die Vorkommnisse nicht das zukünftige Geschäft von Sino bzw. Maple beeinflussen....wüsste ich nicht warum Sino nicht an dem Deal festhalten sollte !!
Franz
Du hast völlig Recht....nur hoffe ich das Sino soviel Zeit und Arbeit in den Deal gesteckt hat....das sie es jetzt auch bis zum Ende durchziehen.
FALLS es zu einem Erfolg der Klage kommt....sind 3 Mio. RMB rd. $ 250K...das ist jetzt nicht die Welt (je nachdem was noch oben drauf kommen könnte.)
Sollte Sino den Mantel unbedingt haben wollen.....dann hätte man in Zukunft einen anderen Namen (weg mit dem "verbrannten" HRCT) und die vollständige Kontrolle im Management samt Finanzen. Und wenn die Subs wirklich Schrott sein sollten....dann kann man die auch abstoßen. Also Sino muss sich nicht mit der alten HRCT beschäftigen sondern könnte mit der neuen Maple durchstarten.
Es ist die Frage wie sehr Sino den Mantel will !
Franz
Mal abwarten...nur weil ein Verfahren angestrebt wurde heißt es nicht das HRCT wirklich "schuldig" ist.
Und Sino dürfte viel Zeit und Arbeit in den Deal investiert haben....mal sehen ob die das wegwerfen wollen.
Nach dem Deal hat Sino die Kontrolle und das Sagen.....wenn sie wirklich den Mantel wollen.....dann weiß ich nicht ab sie das wirklich abschreckt ??
Man muß miteinander sprechen und versuchen den Fall zu klären !!
Franz
Liest sich echt super !!! ((
Warten wir mal ab was passiert !!
3 Mio. RMB + x sind rd. $ 250K + x....eine Summe die man aufbringen könnte.
Und Mary als ein evtl. Bauernopfer ist auch schon "länger" weg.....sollte Sino doch noch den Mantel haben wollen....managen sie zukünftig eh die Finanzen (man hätte also ja zukünftig die Kontrolle !!)
Wollen wir hoffen das die Sache noch ein positives Ende nimmt !!!
Franz
Ich denke wirklich das man gehofft hatte innerhalb der Frist etwas über den Merger bringen zu können...denn der eigentliche Q-Bericht ist "pille-palle" und konnte bisher auch immer relativ zeitnah gebracht werden.
Die Deadline Ende Mai ist nicht verbindlich....wenn alle beteiligten Parteien den Deal wollen....kann er auch später kommen.
Franz
Ich denke das sich durch die 3. Partei die Rahmenbedingungen dermaßen verändert haben das der alte Text nicht mehr passte.
Evtl. gibt es doch eine 3er-Fusion (o.ä) ??
Ich denke das es noch zu dem Deal kommt....nur hat sich hier etwas verändert.....und ich hoffe mal nicht zum negativen !!
Franz
Vom 16.03.2010
As we announced that HRCT has entered into a Plan of Reorganization and Share Exchange
Agreement Sino-Canada Investment Group Inc. (Sino-Canada) before, we are currently
working on the transaction and all the work is in the process. We can not disclose more information since it is a major transaction and which may involve some confidetial third party information, which must be non-public. We hope to get your understanding on that and will disclose all the information as soon as the transaction is closed or there are some major changes need to be disclosed.
Thanks for your understanding and continuous supports again.
Yours sincerely
The Hartcourt Companies, Inc.
Ich denke es läuft noch nach Plan.....und die 3. Partei ist der Faktor weshalb wir weder über Mail noch per Filing über den Status informiert werden !
Franz
When a company that trades on the OTC Bulletin Board (OTCBB) becomes delinquent in its reporting obligations with the SEC (for example, it submits a required filing late or in an incomplete form), the letter “E” will be appended at the end of the company’s stock ticker symbol. After the “E” is added, the company is given 30 calendar days (60 calendar days for most foreign companies and domestic banks), known as the “grace period,” to become current in its reports. If the company files complete required reports during the grace period, the “E” will be removed. If the company fails to correct its deficiency, the company’s stock symbol will be removed from trading on the OTCBB.
Franz
I think....10-15 days
Franz
Wait and see
Franz
HRCTE
Franz
Did you get the proxy
Franz
"...and which may involve some confidetial third party information"
Maybe a Tripartite Merger ?
A tripartite merger is a new form of merger introduced by the new Companies Act. The essence of a tripartite merger is the input from a third party which is neither the merging company nor the receiving company, but rather only pays the merger consideration. The third-party company could be, for example, the ultimate parent company of the receiving company. The attractiveness of the tripartite merger increases when considering the possibilities of a listed third-party company issuing its own easily marketable shares as merger consideration to the shareholders of the merging companies. This would also enable the parent company to have full ownership of the receiving company even after the merger.
The identity of the third party paying the merger consideration is not regulated. Therefore, the third party can be a private person or a Finnish or foreign partnership. There are also no statutory limitations on the varieties of merger consideration payable and it can thus comprise third-party shares, cash and debentures, among others, but also the receiving company's shares. The tripartite merger can also be utilized on a cross-border basis and the choice of law between the Companies Act and foreign legislation is to be based on the nationality of the merging and receiving companies. If both are Finnish, the Companies Act applies, even if the third party paying the merger consideration is not a Finnish company. On the other hand, a merger in which a Finnish parent company pays consideration for the merger of two non-Finnish companies does not fall under Finnish legislation.
Franz
Dear investors,
We have been highly appreciated for your long term attention, supports and trust.
As we announced that HRCT has entered into a Plan of Reorganization and Share Exchange
Agreement Sino-Canada Investment Group Inc. (Sino-Canada) before, we are currently
working on the transaction and all the work is in the process. We can not disclose more information since it is a major transaction and which may involve some confidetial third party information, which must be non-public. We hope to get your understanding on that and will disclose all the information as soon as the transaction is closed or there are some major changes need to be disclosed.
Thanks for your understanding and continuous supports again.
Yours sincerely
The Hartcourt Companies, Inc.
Franz
Very old....but it sounds possible:
Path to NASDAQ
A reverse merger case study of Pacific Chemical, Inc. P. R. China
Operating Company
Jinan Chemical Fibre Corporation (“JCF”) was a People’s Republic of China ("PRC") corporation, which operated a chemical fiber production complex in the city of Jinan in northern China.
Pacific Chemical Group Limited (“PCG”) was a privately held BVI corporation that was 100% owned by the shareholders of JCF.
Public Vehicle
Until November 1996, Bureau of Electronic Publishing, Inc.’s, a Delaware corporation (the "Company”) the principal business was creating, publishing, and selling interactive multimedia software titles on CD-ROM.
On January 23, 1997 the Agreement and Plan of Merger between the Company, the Company's British Virgin Islands (“BVI”) subsidiary, PCG, and JCF (the “Agreement”) was simultaneously executed and closed.
The Joint Venture
PCG owns 51% and JCF owns 49% of a joint venture, Jinan Dayang Chemical Fibre Corporation (the “Joint Venture”), which operates JCF's former Plant No. 1 production facility for purified terephthalic acid ("PTA"). The Joint Venture was established on February 9, 1996 by PCG and JCF pursuant to a joint venture agreement entered into pursuant to the PRC laws governing Sino-foreign joint ventures.
Merger with PCG
Pursuant to the Agreement, at the closing the Company's BVI subsidiary merged into PCG in a merger carried out pursuant to the laws of the BVI (the "Merger"). In connection with the Merger, the stockholders of PCG transferred 100% ownership of PCG to the Company and the stockholders of PCG received an aggregate of 833,671.66 shares of Series A Preferred Stock of the Company. Each share of Series A Preferred Stock is automatically convertible into 20 shares of the Company's Common Stock.
Prior to the Merger the Company had approximately 4,650,000 shares of Common Stock outstanding. As a result of the Merger, the former stockholders of PCG acquired control of a substantial majority of the voting stock of the Company and PCG became a wholly owned subsidiary of the Company, through which the Company has acquired PCG's rights and obligations in the Joint Venture. The Joint Venture has succeeded to the business of manufacturing and sale of PTA originally conducted by JCF in the No. 1 Plant. The No. 1 Plant is principally engaged in the manufacture of PTA for further processing by other production units of JCF into polyester chip, film, staple and filament.
Changing the Company's Name to Pacific Chemical, Inc.
The Board believed that the old name would not accurately reflect in its name the Company's new business following the Merger and approved an amendment to the Certificate of Incorporation, which changed the name of the Company from Bureau of Electronic Publishing, Inc. to Pacific Chemical, Inc. (“CPTA”)
List on NASDAQ Small-Cap
After giving effect to the Merger that CPTA met all of the requirements for initial inclusion except the requirement of a minimum bid price requirement of $3.00 per share, or $4.00 per share in the event that proposed new Nasdaq listing requirements became effective.
The Nasdaq Stock Market, Inc. (" Nasdaq ") has informally notified the Company that it considered the Merger to constitute a transaction which involved a change of control and change of business which requires that the Company meet the requirements for initial inclusion on the Nasdaq Small-Cap Market in order to list the Company's securities.
The Board of Directors and the holders of a majority of CPTA's outstanding Common Stock further approved an amendment to the Certificate of Incorporation of the Company to affect a two-to-one reverse stock split of the Company's currently issued and outstanding Common Stock.
The primary reason for reverse stock split was to meet the minimum bidding price requirements for listing of the Company's securities on the Nasdaq Small-Cap Market.
Another requirement for initial inclusion that the Board took into account in determining the reverse stock split ratio is that CPTA must have outstanding at least 1,100,000 publicly held shares with a market value of at least $5,000,000.
The reverse stock split resulted in a stock price in excess of the $3.00 or $4.00 per share requirement while maintaining the amount of publicly held Common Stock above the required levels of 1,100,000 shares with a market value of above $5,000,000.
Private Placement
CPTA, immediately after its initial inclusion on NASDAQ Small Cap, issued an aggregate of up to 5 shares of Series B Preferred Stock at $100,000 per share and shares of Series C Preferred Stock convertible into 1,000,000 shares of Common Stock in a private placement, which provided the Company a net proceeds of $3,600,000. Within 180 days after the closing of the private placement, CPTA filed at its expense a registration statement (Form S-3) for the public sale of an aggregate of 2.3 million shares, of which 1.3 million shares were issued to the Company’s advisors in the Merger and 1 million issued in the private placement.
Combined Entity
In according to the pro forma financials of the combined entity, CPTA’s had a shareholders' equity of $10,765,000 as of 12/31/1996, revenue of $31,143,000 and a net income of $5,500,000 for the first 6 months of 1997.
The stock of CPTA was traded under symbol ticker “CPTA” on NASDAQ and its price moved up to $21 per share from $1 below in 3 months after the effective of the Merger.
Note: Mr. Zuoxun Pan, Director of Asia Division of Warner Technology & Investment Corp, was a lead participant in this case. Reference will be available upon request.
Frankfurt: € 0,02 ~ $ 0,0274
Volume: 120K
ASK: € 0,022
Xetra: € 0,024 ~ $ 0,0329
Volume: 120K
aktien.wallstreet-online.de/Hartcourt-Companies-Aktie
Franz
China's First Education Equity Fund Launched in Chongqing
CHONGQING, China, Jan. 4, 2010/via PRNewswire-Asia/ -- Huiou (Chongqing) Education Equity Investment Fund -- the first of its kind in China -- was officially launched in Chongqing on December 27th, 2009.
China's education sector has been drawing increasing attention from international investors in recent years, due to the country's large population base and stable cash flow in the education sector. In terms of value, China's educational market makes up just 2% of the world's total, while Chinese student population, from primary school through university level, makes up 17% of the world's total, according to a report entitled "Enhancing China's Competitiveness through Lifelong Learning" released by the World Bank in 2007. Spending on education accounted for 17.8% of the total expenditures on consumption of services in Beijing in 2008. Spending in the categories of education, culture and recreation accounted for 15.7% of the total expenditures on consumption of services in Shanghai in 2008, compared with 11.9% in Guangdong for the first half of 2009. China's spending on education is relatively low compared to Japan, where such spending accounted for 34.1% of total household income for the 2007-2008 year. However, China's private schools are expanding rapidly, with an annual growth rate between 20 and 30 percent. Because of China's rapid urbanization and development, it is expected to become the educational and vocational training market with the largest development potential worldwide over the next decade, offering huge potential for investors. The World Bank report also shows that even in the economic downturn, the education, healthcare and high-tech sectors still outperform other sectors, as people have more leisure time and see an improvement in their own level of education as a way of riding out or even shortening the economic downturn.
At present, expenditure on education in China accounts for 5% of the GDP, while the government's participation in the expenditure accounts for only 3% of GDP, far below the projected need of 6% and 9%. The United States, where education is highly valued, is home to over 30 publicly traded companies in the education sector and thousands of private schools. However, not one company in the education sector has an A-share listing in China. Currently, 330 million members of the Chinese populace, a total equivalent to the entire population of the United States, are in school. Based on statistics and the development trend of China's education sector, analysts believe that although some venture capital and private equity firms have invested in several Chinese educational and training institutions, among them Ambow Education, Oriental Standard, Xueda Education and Oriental Babycare, China's educational sector still has huge investment potential.
China's educational and training companies that have listed on overseas markets have brought investors stable returns. Statistics show New Oriental Education & Technology Group (NYSE EDU) posted net revenues of US$292.6 million and net profit of US$77.8 million for the 2009 fiscal year, with profit margin reaching 27%. The company's closing price on December 24, 2009 stood at US$75.75 per share, while the original IPO price in September 2006 was US$15 per share.
Huiou (Chongqing) Education Equity Investment Fund held an introductory informational meeting on December 27th, marking the prelude to the Fund's series of road shows. Prior to that, many funds and investment institutions expressed strong interest and an intention to invest at an earlier recommendation meeting. Sources have indicated that the fund's management team, comprised of a group of professionals who are active players in Chinese and international capital markets, will seek out education and education-related firms engaged in the cultural and media sectors as their main investment targets, aiming at making the Fund the leader and the top brand in the field of educational investment in China. The Fund plans to raise a total of RMB5 billion (USD 735 million), with RMB200-500 million (USD 29-74 million) for the first phase and RMB2 million (USD 0.3 million) as a fund unit, with an operating period of 5+2 years. At present, the Fund is closely working with the responsible government departments, as well as interested banks, brokerages and other financial institutions in Chongqing, in a move to develop strategic cooperations. Following a successful completion of the fundraising, the Fund plans to support the outstanding performers among its list of target companies in their efforts to go public in the Chinese or international markets when the time is appropriate. The Fund's managers will apply professional investment management methodologies, scientific decision-making processes and effective risk control strategies, while operating in accordance with industry-wide accepted standards so as to provide a safe investment channel for Chinese and foreign investors seeking to share the benefits from the high-speed growth of China's education sector by participating in this venture.
Significant progress in the establishment of partnership businesses in China by foreign companies has been achieved as the State Council of China had released the Measures for Administration of Establishment of Partnership Enterprises by Foreign Enterprises or Individuals within China in early December. These measures establish a legal basis for attracting foreign private equity to establish partnership businesses across the country. Some experts in the field believe that foreign equity funds investing in the country should be placed at the third stage of the introduction of foreign direct investment by China. Private equity-led overseas financial capital has been entering the Chinese mainland on a large scale since 2000, following Hong Kong and Taiwan enterprises that started making investments in the Pearl River Delta with new set-ups to engage in the "three-plus-one" trading-mix in 1978, and multinationals that have made large-scale strategic investments in China beginning in 1992. Moreover, the mainland Chinese ChiNext, launched at the end of October 2009, has established a good circular model of private equity placement, investment and successful exit at maturity. Very coincidentally, the OTC, known as "the third board" financial market, opened in Chongqing on the same day of the fund's inception, providing smoother and more convenient channels for withdrawals of private equity funds in the future. In terms of flexibility and efficiency, equity investments have more benefits than banks and other traditional financial channels. For this reason, Chongqing's municipal government has expressed a special interest in the start-up Huiou Fund. Beginning last year, Chongqing's municipal government has released the Opinions on Encouraging Development of Equity Investment-Oriented Enterprises and put in place a series of incentive policies for equity investment funds in terms of taxation, approvals and foreign currency exchange. Mayor Huang Qifan in particular noted the goal of making Chongqing a venue for gathering venture capital and equity investment funds in China.
"Strong support from the government, a professional management team, excellent project reserves, close co-operation with professional services firms both in and outside China, as well as the in-depth understanding of the local business environment are among the many advantages of our fund management. A strong sense of commitment and confidence play as the drivers of our fund growth; meanwhile, the pre-referral has laid a solid foundation. We will continue to work closely with more powerful investors to share good opportunities and strong returns brought by China's booming education industry," a representative of Huiou Fund stated, "We have also established the Huiou Education Charity Fund which aims at helping students without means in the western areas of China in a move to provide access to good educational opportunities for more people."
Frankfurt: € 0,019 ( + 0,003) ~ $ 0,027
€/US = 1,4264
Volume: 510.650
Franz
1 € / US-Dollar = 1,4384
0,016 € = 0,0230144 $
Franz
@ lucky
aktien.wallstreet-online.de/Hartcourt-Companies-Aktie?market_id=2&inst_id=6832&spid=ws&tr=3m
Jap...Volume 391.600
Last: € 0,016
Franz
Hallo ad,
schreib mich mal an:
beckenbauer50@web.de
Franz
Frankfurt: € 0,016 (+ € 0,005)/ ~ $ 0,023
€/$: 1,4377
Volume: 391K
Franz
Some Members of the KingWeet-Team:
Dr. Peter Hua
(Managing Partner, SB China Venture Capital)
George Xo
(Vice President, Sequoia Capital)
Early Stage: Sequoia Capital invests between $1M-$10M in start-ups across the energy, financial services, healthcare services, internet, mobile, outsourcing services and technology markets.
Growth Stage: Sequoia capital invests between $10M-$50M in companies addressing the consumer services, energy, financial services, healthcare services, internet, mobile, outsourcing services and technology. We prefer to be the first investor and business partner in a growth stage company that is profitable and fast growing and where the team and products (or services) are proven. Ideally, after our investment, the founders continue to lead the company or serve as a functional contributor or beacon for the marketplace. Growth companies have found that we can help them deepen their management teams, bring advisors and directors that are beyond their immediate circle, assist with expansion into distant markets, assist with the assessment of potential acquisitions and prepare for a public offering. We have had the privilege of working with many founders and managers through the growth stage and into the public lives of their companies.
Kevin Xu
(Associate Dirctor, Prax Capital)
RMB Fund
Registered in Tianjin, PRC, Prax's RMB-denominated growth capital fund primarily invests in unlisted companies. Its typical investment size is RMB 50 - 100 million
Communication is much better than before.
It seems that the new team is doing a very professional job.
I look forward to see what the new company will do to bring the shareprice in the range of a Nasdaq-Listing.
Dear Mr. xxxxx,
Thank you for your email addressed to us. We are presently working with Hartcourt on responding to SEC's comments and will file the amendment to the proxy statement very soon. We need to respond to the SEC's comments to get the proxy statement definitive for voting. Thank you for your attention.
Best regards,
Jie Zhang
Assistant to Ross Yuan
Dear Mr. XXXXXX ,
Thank you for your email to us. The merger with Hartcourt and Sino-Canada is in progress. As you know, Hartcourt filed a preliminary proxy statement with SEC as of November 12. We are now working with Hartcourt on preparing for responding to SEC's first round comments and plan to file the amendment soon. Concerning when we can finalize the transaction, it depends on SEC's comments.
Thank you very much for your attention which we appreciate a lot! We sincerely wish you and your family a prosperous new year!
Best wishes,
Jie Zhang
Assistant to Ross Yuan
Good morning boatRgirl
You should try to contact this person:
Hartcourt CUSIP Number: 416187 20 1
Stock Transfer Agent
CUSIP Number: 69511V 207
For inquiries regarding stock certificates, such as lost certificates, name
changes and ownership transfers, please contact:
Signature Stock Transfer, Inc.
Address: 2632 Coachlight Court Plano, Texas 75093 ;
Tel: +1 972 612 4120
Fax: +1 972 612 4122
Email: signaturestock@aol.com
Franz
Das ist positives Denken...LOL
Und natürlich reine "Speku" !!!!
Franz