Hikari Tsushin Intl. HK 2.0: Die XXXX% Chance - 500 Beiträge pro Seite

[polzinho]

fortsetzung von:

http://www.wallstreetonline.de/community/board2/ws/thread/60…


hallo leute! bin wieder back aus argentinien und damit auch wieder zeit mich um mein gefallenes baby eingehender zu kümmern.

die perspektiven haben sich auf den ersten blick radikal geändert - während noch vor wenigen monaten für mich wie für viele andere gerade der name "hikari" grund für den einstieg in golden power war, wurde selbiger in der zwischenzeit zum symbolbegriff für die gefallenen internet-engel aus dem land der aufgehenden sonne.

auf der anderen seite wurden alle angekündigten vorhaben von hikari hk in die tat umgesetzt: stocksplitt, gratisoptionen, umfirmierung, etc.

das weitere schicksal wird grundsätzlich natürlich von japan abhängen - wenn dort das managment wieder oberwasser gewinnt, wird sich das auch überproportional im kursverlauf in hk auswirken. aber hikari hk ist nicht bloss ein "anhängsel" der mutter sondern wird auch (wozu es hoffentlich nie kommen wird) alleine überlegen können.

dazu ein interessanter artikel aus der south china morning post vom 11. mai 2000

11 May, 2000
Venture unit claims self-sufficiency from sick parent Hikari
287 words
Hikari Tsushin Capital, the 100 per cent-owned venture-capital arm of beleaguered Japanese Internet investor and mobile-phone retailer Hikari Tsushin, can survive without help from its parent.

http://business.scmp.com/Search/SearchArticles.idq?CiRestric…

den gesamten artikel kann man unter der url - kostenpflichtig - beziehen.

ich selbst habe meinen - hohen - einstiegskurs durch zweimaliges nachkaufen deutlich drücken können und bin weiterhin von dem chance/risiko verhältnis beeindruckt. aus heutiger sicht würde ich zwar auch die risiken höher als vor der "hikari-krise" einschätzen, doch sind die chancen auf fette kursgewinne imo überproportional dazu gestiegen.

es bleibt in jedem fall spannend. ("nichts ist spannender als wirtschaft"; anm. unbezahlte werbeeinblendung)

[polzinho]

kurse aus hk gibts unter...

http://quote.e-finet.com/cgi-bin/stock.cgi

code: 603

der chart: zzt zahl man für die share soviel, wie VOR dem einstieg von hikari...

[Playlife]

Hallo Polzinho,

hast Du Deine Cheap Tickets noch? Ich bin nach den guten Zahlen zu 12 Euro eingestiegen; es sieht so aus, als ob die Planzahlen eingehalten werden können - das wäre dann bei diesen Kursen ein KGV von etwa 30!
Manchmal versteh` ich die Welt nicht mehr (noch weniger bei Pine oder PSB)...

Gruß,
Playlife

[Cane]

Hallo polzinho,

mir scheint Du hast Dich näher mit der Aktie beschäftigt.
Ich hätte da ein paar Fragen, mit der Bitte um Beantwortung.

Die WKN der Optionsscheine sollte 929993 lauten, kann über diese Nummer keine Angaben zum
Optionsschein erhalten ? Weißt Du mehr ?

Seit 2 Tagen ` 0 `Umsatz in Hongkong (2990.hk) und unveränderter Kurs. Ist der Handel ausgesetzt ?

Was macht Dich so optimistisch, daß die Chancen für Kurssteigerungen größer sind als die Risiken ?

Wie hoch ist euer durchschnittlicher Einstiegskurs ?

Danke für die Beantwortung und allen gute Geschäfte

[polzinho]

playlife: ctix wurden bei meinem webstreetkonton beim grossen rutsch "notverkauft" (14 usd)... war zu stpät dran mit der überweisung zur deckung der margin. ist für mich eine jener aktien, bei der ich bis ans lebensende nicht verstehen werde, wieso ich da jemals ins minus gekommen bin. zahlen waren immer top! aber wenn sich shorties mal einschiessen...

pine ist da auch so eine sache, aber mittel- bis langfristig kann man mit denen unter "garantie" gutes geld machen: ist einfach zuviel substanz da, um eine dauerhafte wertsteigerung der aktien "verhindern" zu können. und das gewinnwachstum liegt auch immer im bereich von 50%. managment scheint auch gut zu sein ("hongkong jungunternehmer des jahres 99").

cane: kürzel für hikari ist 603 - einen kurs zu optionen gibts unter 607. der optionsschein berächtigt zum bezug einer aktie zu 0.375 hkd (aktuell 0.70)

ps: schön langsam scheint der wert wirklich seinen boden gefunden zu haben - die mutter verliert 15% und hikari intl. den ganzen handelstag über zt stark im plus und am ende nur leicht im minus. beweis für die oben angesprochene (relative) unabhängigkeit zum mutterwert

[polzinho]

aktuelle MK

Shares Outstanding 4,663,743 K

kurs: 0.70 hkd => 3,264,620 K hkd => 467,434,661 €

[Cane]

Danke für die Antworten.

[polzinho]

keine ursache ... und sorry für die tipp-fehler...

[polzinho]

ähnliches bild heute: hikari verliert stark in japan (limit down), stabilisiert sich aber weiter in HK (trotz sehr negativem umfeld mit index -500).

interessantes posting aus dem asienboard:

von matze-auf-foehr 18.05.00 11:25:20 947543
@Dale

Sehe ich genauso. Die Hikari in HK hat ihren Boden gefunden.
Ich habe bei Golden Power bzw. Hiakri (hält ja 75%) den report angefordert um mich noch weiter zu informieren. Weiter ist der Markt China sehr interessant.
Wenn hier der Handyboom richtig losgeht (zuletzt eine Steigerung von 7Mio. Usern auf 14 Mio. = 100%!) dann werden auch die Akkus von Golden Power interessant und einen großen Markt finden.
Zudem stellen sie ja auch z.B. in einem der vier Werke Tastaturen für Handys her. Also alles eine sehr Zukunftsträchtige Firma. Sehr solide würde ich sagen und ab dem 1.6. (J-Nasdaq) wird sich da auch einiges tun.
Alles bleibt aber spekulativ. Ich habe erst einmal klein investiert und bin jetzt groß eingestiegen (20% meines Depots).
Sobald ich mehr Infos habe stelle ich sie hier rein.
Da ja auch ein direkter Zusammenhang zwischen Hikari (J) und Hikari (HK) besteht, dürfte folgende Meldung ganz interessant sein:

Aufstieg und Fall eines Internet-Milliardärs
In Japan wird die Wirtschaftspresse zurzeit von einem Thema beherrscht: dem Niedergang des Mobilfunk- und Internet-Unternehmens Hikari Tsushin und seines Chefs und Gründers, Yasumatsu Shigeta. In den letzten Wochen fiel der Börsenwert des einst hoch gehandelten Unternehmens von 70 auf 4 Mrd. Dollar, was einem Verlust von 94 Prozent entspricht. Gleichzeitig schmolz das Vermögen von Shigeta von 45 auf 2,5 Mrd. Dollar, und ein Ende dieser Abwärtsspirale ist noch längst nicht abzusehen.
Sucht man nach Gründen für diesen Absturz, wird man verblüfft sein. Denn eigentlich laufen die Geschäfte für Shigeta ganz gut, die Umsätze seines Unternehmens können sich sehen lassen. Im Gegensatz zu vielen anderen High-Tech-Firmen, die nur auf dem Papier als ökonomische Riesen dastehen, hat Hikari Tsushin wegen seiner vielen Handy-Kunden einen beständigen Kapitalzufluss und ist finanziell abgesichert.
Beobachter vermuten deshalb, dass Shigeta das Opfer einer schlechten Presse - man könnte auch Rufmordkampagne sagen - wurde. Unter anderem warf eine Zeitung Shigeta vor, er verfüttere Kaninchen an sein Haustier, eine Schlange. In Japan, dem Land der fleißigen Angestellten und pflichtbewussten Bürokraten, wo junge Tycoons vom Schlage eines Yasumatsu Shigeta eher misstrauisch beäugt als bewundert werden, scheinen solche absurden Geschichten die Aktionäre zum Verkauf ihrer Anteile zu bewegen.
(28.04.00)
(Quelle www.wsu.de)

[tosca1]

hi polzinho! ja das gefallene baby. um einmal des teufels advokat zu spielen: sollte man jetzt nicht eher HT Japan kaufen, statt HTI?
zwar ist die bewertung nun wieder auf dem niveau vor dem hikari einstieg. aber dafür hat sich doch auch fundamental nichts gross geändert (ausser dem namen etc.), oder habe ich da etwas verpasst. man könnte also sagen, die aktie ist wieder dort angekommen, wo sie ohne weltweite megaphantasie hingehört. inklusive der guten marktperspektive für den handy-markt in asien. zudem ist von der mutter ja momentan keine grosse hilfe zu erwarten, dort ist man ja mit der konsolidierung der position beschäftigt. woher soll dann das geld für investitionen und die hitshop expansion (ein grund zum gegenwärtigen kursverfall bei HT) herkommen? Von PCCW ?( s.a. HKT), aus eigenem Cashflow ?.
und das bringt einen auf die idee bald in die hässliche mutter zu investiern. sie haben ja über 95% zum allzeithoch nachgegeben, obwohl man im gegensatz zu softbank auf operativ viel sicheren beinen steht. insofern könnte man hikari japan ein sehr viel höheres erholungspotential zubilligen (rating gehen schon wieder richtung "speculative buy"). zugegebn ist das eine etwas einfache sicht der dinge, ohne grosses detailwissen, aber dann liefert doch einfach die gründe, die gegen diese ansicht sprechen. wäre interessant! gruss, tosca1

[polzinho]

tosca1: kann deine überlegungen grundsätzlich teilen, einzig der markt scheint im moment eine andere meinung zu haben

anders kann ich es mir nicht erklären, dass sich nach wochen des parallelen verfalls in den letzten tagen hikari HK deutlich stabilisieren konnte während die "limit downs" bei hikari J munter weiter gehen.

bin wirklich schon gespannt, wo diese beiden titel ende 2000 stehen werden...

[polzinho]

INTERNATIONAL -- ASIAN BUSINESS

A Cell-Phone Warrior Licks His Wounds (int`l edition)


Two months ago, Yasumitsu Shigeta, president of Hikari Tsushin Inc., Japan`s largest cell-phone retailer and a key Internet investor, reigned as one of the kings of New Japan. Then, in late March, Hikari reported an operating loss. The news shocked investors, who had been told by Shigeta to expect a profit. Hikari also was dogged by revelations that its franchises, eager to book commissions, padded results.

In late April, Shigeta announced a restructuring plan that seems to have halted the slide in Hikari`s stock. Even so, it`s now trading at about $180, down from a Feb. 14 peak of $2,295. On April 27, a chastened Shigeta discussed his plans and reflected on his mistakes with Tokyo correspondent Irene M. Kunii.


Q. How serious is the situation?
A. Hikari remains No. 1 in terms of cell-phone sales, and the number of new subscribers to our Hit Mail service [which rents servers and provides Web services to small outfits] is growing steadily, from 824 to more than 10,000 companies. Over the past year or so, we`ve taken 19 companies public--all solid ventures with good growth prospects. We`ve many areas of strength; we`ll restructure the weak ones.


Q. Yet even as the cell-phone market was maturing, you decided to boost the number of retail outlets to 3,000.
A. Now I can say our plan to expand was reckless, but at the time we were growing rapidly. Today [the shops] have become a liability. I should be done with most of the restructuring by August, when I`ll reduce the number of outlets [to 900 from 1,610 in February].


Q. Hikari has been criticized for lacking strong management. True?
A. Various problems tied to rapid growth are emerging. I will resolve them by introducing a stronger management system. One change will be to move the sales division to headquarters, where we can conduct closer checks [on wayward franchises].


Q. Will you bring in outside experts?
A. To improve corporate governance, I am thinking of introducing outside board members. I am also thinking of splitting up our distribution, investment, and incubation businesses, perhaps launching them as separately listed companies.


Q. What will you focus on now?
A. We plan to launch mobile broadband services and products. We`ll move into e-mail services for business over wireless networks.


Q. Next year, NTT DoCoMo--the only carrier you don`t represent--will launch a high-speed mobile communications system. What will you do?
A. That`s probably our biggest risk. NTT DoCoMo holds the No. 1 market position and is way ahead of its rivals. [As a representative of other carriers] we will be in a tough position. We`ll invest in ventures developing wireless Internet services. We`ve already invested in some, like Tumbleweed Inc. and Phone.com in the U.S.


Q. How about Hikari Tsushin Capital Inc., your investment arm?
A. It has invested in some 140 Internet and communications firms around the world. It`ll move into incubation services, stressing wireless Internet and business-to-business applications.


Q. If the stock market fails to recover, how will you pay for all the new services?
A. For every project, we have partners. Still, we need cash, and I have plenty set aside for expansion.


Q. Softbank Corp. CFO Yoshitaka Kitao asked you to resign as a member of Softbank`s board, describing you as a competitor. Comments?
A. I`ve given up the post. At any rate, I respect [Softbank founder Masayoshi] Son, whose invitation I accepted to become a board member [last June]. I decided I had to concentrate on my company, regardless of what Mr. Kitao has been saying.


Q. Why was Kitao so aggressive?
A. I can`t imagine why. It wasn`t normal behavior.

[polzinho]

Man loses $38 billion: a case study in what makes stocks go up and then go down. Rocket Returns To Earth Orbit
By Benjamin Fulford



YASUMITSU SHIGETA WAS, AT OUR last report (see story), the world`s fifth-richest man. This was by dint of the frenzied ride of the stock of Hikari Tsushin, the Japanese mobile phone sales company of which he owns 60%. At their peak in February, shares traded at $2,300, or 720 times earnings. Shigeta`s stake then: $42 billion.

What the momentum traders can send up in a hurry they can send down in a hurry. By late April the stock had sunk to $188 and the poor fellow was down to his last $3.5 billion.

Hikari`s fall was just one of the messiest in a recent across-the-board stampede out of Japanese Internet stocks. As Hikari`s stock crashed, Tokyo abounded with fantastic rumors--that the company would be investigated for insider trading, that gangsters had an "in," even that Shigeta had died.

The reality was more prosaic. The stock was bought by small investment funds early in 1999. They were followed in turn by more mainstream funds, then by Japanese individual investors and finally by Japanese investment trusts. The effect of all this cash on a medium-size company with only 12% of its shares trading was a spectacular rise. At a certain point there was no one left to buy. The stock began to plunge on increasingly frantic profit-taking and stop-loss selling as the herd changed direction.

The process was accelerated by a gaffe on Shigeta`s part. In an effort to stanch the price erosion, he told investors in March his company`s business was going to meet its aftertax profit target for the year. Two weeks later the company announced its first-ever operating loss, $120 million, instead of a predicted profit of $60 million. Profit from sales of outside holdings lifted the aftertax profit to the target level, but that did nothing to soothe furious investors.

Hikari`s operating loss was indeed bad news: Its mobile companies have begun losing market share to giant NTT Docomo this year. Also, Hikari expanded too quickly, opening the franchise to shaky and/or disreputable operators. Irrational exuberance, it would seem, was not limited in this case to outside investors. However, Hikari quickly reacted by shuttering 600 unprofitable shops. "I have had to change my focus from growth to consolidation and quality control," Shigeta says.

All is not lost. Hikari has passed giant NTT to become the fastest-growing provider of Internet domains, e-mail accounts and servers to small businesses. The company is sitting (post crash) on $3 billion in unrealized profits from its Internet investments around the world. The share price is now, at 59 times expected earnings, at a level where it might have appeal outside the momentum herd. And Shigeta, still alive at 35, is young enough to make back a few billion.

[polzinho]

für hikari interessant: goldman sachs schätzt den umsatz bei phone equipment im chinesischen markt für 2003 auf 45 mrd. usd


---

China-EU WTO Deal A Double-Edged Sword For Chinese Firms

SHANGHAI, May 19, 2000 -- (Agence France Presse) China`s upcoming accession to the World Trade Organization will be a double-edged sword for Chinese industry, buoying up firms in foreign trade but cutting down laggards in the state sector.

"In the long-run, WTO will lead to a more efficient China but over the medium-term many inefficient Chinese companies will be going down the drain especially in the petrochemical, steel and automobile sectors," said Chi Lo, regional head of treasury research at Standard Chartered.

China and the European Union inked a deal on China`s WTO membership Friday, overcoming the last major hurdle of its 14-year marathon bid to join the global trading body.

China now only has to seal bilateral trade deals with Costa Rica, Ecuador, Guatemala, Mexico and Switzerland before it can join the WTO -- possibly this year.

The trade concessions won by EU and US negotiators will be phased in over a number of years and can be undermined by non-tariff barriers in some sectors.

Nevertheless, greater foreign competition will be a huge spur to efficiency in most industrial sectors and could result in bankruptcy for the most inefficient of China`s state-owned firms

While the exact details of the Sino-EU deal are yet to emerge, the following is a brief summary of some of the winners and losers of China`s accession to the WTO:

TEXTILES: China exports more textiles and apparel than any other country in the world despite the fact that these products are subject to quotas in most parts of the world.

Since these trade barriers will be lowered after China joins the WTO, textile manufactures and associated industries stand to gain the most in the years to come, analysts said.

According to a study by the Ford Foundation, textile exports will increase by more than 60 percent while apparel exports will rise by over 200 percent.

The snowball effect should push China`s production of textiles and apparel up by 25 percent and 74 percent respectively, creating around 5 million new jobs, the study predicted.

AGRICULTURE: China`s farmers are set to suffer, as quotas on agricultural imports are converted into tariffs, which will be gradually whittled down from 31.5 percent to 14.5 percent over a five-year period.

Andy Xie, China regional economist at Morgan Stanley Dean Witter sums up China`s main problem with agriculture as "too many people and not enough land".

Grain prices are artificially high, principally to ensure a steady supply of grain to China`s cities and secondly to protect the livelihoods of China`s farmers -- 60 percent of China`s population still lives in rural areas.

Today, prices of domestic wheat, soybeans, corn and oil are 20-50 percent above international market prices and the production cost of grain has risen by ten percent annually for the past ten years, according to a report by Roland Berger and Partners.

Labor-intensive products such as flowers, plants, fruit and vegetables could win a share of the export market. But growing those products will be more viable for peasants in China`s prosperous south, than farmers in the poorer grain-baskets of the country`s north and north-east.

AUTOMOBILES: Many Chinese state-owned car producers will not survive the changes WTO will bring to China`s car market because their products are highly priced and of lower quality than foreign equivalents.

Tariffs on imported cars will be slashed to 25 percent within five years from 100 percent for luxury cars and 80 percent for smaller models. Auto-leasing will be allowed and car manufacturers will be allowed to operate their own distribution and maintenance networks.

Finally, production of cars will be further liberalized, making it easier to obtain licenses to produce locally and abandoning local content requirements.

The Development Research Center under China`s State Council estimates that the number of firms currently operating in China`s automotive industry will be reduced substantially.

BANKS: China`s banks were conduits for policy-directed lending to inefficient state-owned firms until the early 1990s and bank managers were little more than party apparatchiks.

Although the government has made huge strides in cleaning up the mountain of non-performing loans weighing down China`s largest banks, much remains to be done.

"WTO is a big challenge for Chinese banks. Although the situation has improved, still government policies are a very important factor in making loan decisions," said Gordon Chang, a lawyer in Shanghai writing a book on China`s financial reforms.

Foreign banks will be able to take yuan deposits and make loans to Chinese firms within two years of China joining the WTO and to individuals within five years.

Chinese banks have huge retail networks and have built up customer loyalty with millions of customers so foreign banks won`t be able to offer an immediate challenge, according to a report by Standard and Poor`s.

But over the long-term, Chinese banks will have to improve their customer service, back office operations and their ability to assess risk if they hope to compete with foreign intruders.

TELECOMS: Foreign firms will get greater access to China`s telecom market on accession to the WTO, but the odds will remain skewed in China`s favor for years to come, largely because of security concerns.

With tensions across the Taiwan Straits escalating and the possibility of war with Taiwan growing, China is reluctant to hand over control of its telecom sector to foreigners.

Telecom services will remain dominated by local giants, China Telecom, China Netcom and China Unicom. Some 94.4 percent of mobile phone owners subscribed to China Telecom in 1998, and the Chinese government is determined to maintain a stranglehold on the market.

However, foreign firms such as Ericsson, Siemens, Nokia and Motorola have done well in China in recent years, selling telecom hardware and that market is set to grow.

The number of mobile phones in China is expected to rise from 40 million last year to 60 million by the end of 2000, 100 million in 2001 and 250 million by 2004, according to Chinese telecom sources.

The Goldman Sachs Group has estimated the Chinese phone equipment market is likely to be worth 45 billion dollars in 2003 from 20 billion now.

Furthermore, K.W.Lam, head of communications at French telecom giant Alcatel said foreign firms will be able to export more telecom hardware made in China once the country joins the WTO.

INSURANCE: Foreign insurance firms are set to gain as China will open more than a dozen more cities to foreign life insurers after joining the WTO and has agreed to grant licenses on prudential criteria alone.

Currently, there are only 13 foreign firms with licenses to operate in China and they are limited to Guangzhou, Shanghai, Foshan and Shenzhen.

To date, insurance licenses have been granted on a country-by-country basis as rewards for political good behavior and insurers agree that WTO membership should take a lot of the politics out of the business.

However, there will not be an overnight revolution.

Hans Jorg Probst, chief representative of German insurance giant Allianz, said "there may have to be a period of adjusting the legal framework to WTO conditions for a year or two.

He said he doubted whether the number of foreign insurers in China would dramatically increase in the near future.

Over the long-haul though, China needs foreign insurance firms for know-how and technology transfers and to attract large foreign-investment projects. Both foreign and Chinese firms stand to gain as the industry grows. ((c) 2000 Agence France Presse)

[morchel]

NEWS
erste Käufe von Hikari werden getätigt.

Hikari Tsushin Buys US$4 Mln Stake in H.K. Internet Firm

http://www.quamnet.com/fcgi-bin/news.fpl?par2=2&par3=9&par4=…



hat irgendwer infos über Ausübugspreis und Laufzeit des Optionsscheines? HIKARI W0204 [607] kurs über yahoo http://finance.yahoo.com/q?s=0607.HK&d=1d

morchel

[J.C.]

Hi morchel,

nachfolgend die Angaben zum Warrant (0607)


Warrant Profile

Issuer HIKARI TSUSHIN
Underlying Stock HIKARI TSUSHIN (0603)
Underlying Stock Price 0.45
Nature Call
Style American
Expiry Day 27/04/2002
Strike 0.375
Converting Ratio 1 warrants for 1 stock
Premium (%) 32.89
Total Cost of Exercise 0.598
Leverage (X) 2.02
52 Week High / Low 0.560 / 0.300



J.C.

[morchel]

Verbindlichsten Dank J.C
darf ich fragen wo du das gefunden hast?
ich kenne nur quamnet.com. Da bin ich nicht fündig geworden.

Noch was:
was bedeutet STRIKE, Premium, Total cost of exercise und Leverage

morchel

[J.C.]

Hi morchel,

die Angaben findest du unter

http://quote.e-finet.com/cgi-bin/stock.cgi?code=0607&type=qu…

STRIKE = Ausübungspreis (Preis mit dem du die Basis beziehen kannst.)
PREMIUM = Prämie (Gibt den %-Satz an um den der Erwerb der Basis über den Warrant teurer oder (-)billiger ist.)
TOTAL COST = Gesamtpreis (Ausübungspreis + Preis (Kurs) des Warrant)
LEVERAGE = Hebel (gibt an um wieviel mehr sich der Warrant verändert (z.B. 2.02 mal) wenn sich die Basis um 1 Einheit verändert.)

Ich hoffe, dir mit meinen Ausführungen geholfen zu haben.

J.C.

[polzinho]

hikari +aktuell +13.92% in hongkong

---

Hikari Tsushin Buys US$4 Mln Stake in H.K. Internet Firm

Hikari Tsushin Capital (H.K.) Ltd. recently invested US$4 million in a local Internet infrastructure company, said Tomo Ishii, assistant director of its overseas investment group. Ishii declined to name the investee, saying only that it owns a stake of less than 3 percent in the firm.
Separately, Lily Chiang, director of E1 Media Technology Ltd., which is partly owned by Hikari Tsushin Capital, said one of the start-up companies it invested will seek a listing on Hong Kong¡¦s Growth Enterprise Market, or second board, by the end of this year. It is understood that the candidate is a Hong Kong-based Internet application service provider, whose technologies facilitate online shopping and advertising.

[genya]

aber wenn die mutter in Japan abkackt, was zur Zeit auch passiert, und doch pleitegeht, nimmt das auch Hikari HK mit.

[polzinho]

wie kommst du darauf??? hikari hongkong gibts schon seit jahren (als golden power) - nur weil die sich jetzt umbenannt haben, ist das noch lange keinen grund, den laden dicht zu machen. kohle von hikari hat man bis dato ohnehin noch nicht gesehen, daher kann es auch noch kein abhängigkeitsverhältnis geben. erst einem jahr nach der umbennenung ist in hongkong eine finanzspritze von aussen erlaubt - bis dahin wird hikari japan entweder wieder gesund oder verschwunden sein.

[J.C.]

INFO:

Hikari Tsushin (899393), Firmenmeldungen Asien [31.05.2000 10:48:59]
Advance International, Vertriebspartner von Hikari Tsushin (899393), hat Konkurs angemeldet. Die Verbindlichkeiten belaufen sich nach Unternehmensangaben auf 2,5 Mrd. Yen. Advance International ist der dritte Vertriebspartner von Hikari Tsushin, der zahlungsunfähig wurde.
Dabei hatte der Aktienkurs von Hikari Tsushin gerade begonnen, sich zu erholen, nachdem der Wert seit seinem Hoch im Februar (241.000 Yen) einen unglaublichen Sturzflug (- 97 %) erlebt hatte. Am frühen Morgen stieg der Kurs um 8 % auf 6.620 Yen. Nach Bekanntwerden der Nachricht ging es wieder bergab. Das letzte Verkaufsangebot lag bei 5.100 Yen.
In Frankfurt verliert die Aktie aktuell 27 % auf 48 Euro.

Rating: Never catch a falling knife!

Autor: Regina Kaffl

Die Schwierigkeiten von HT Jp wird sich unweigerlich auch auf den Kurs von HTI Hk niederschlagen.

J.C.

[polzinho]

dazu ein interessanter artikel aus der south china morning post vom 11. mai 2000

heute:
hikari japan -15%
hikari hongkong: +14%



11 May, 2000
Venture unit claims self-sufficiency from sick parent Hikari
287 words
Hikari Tsushin Capital, the 100 per cent-owned venture-capital arm of beleaguered Japanese Internet investor and mobile-phone retailer Hikari Tsushin, can survive without help from its parent.

http://business.scmp.com/Search/SearchArticles.idq?CiRestric…

den gesamten artikel kann man unter der url - kostenpflichtig - beziehen.

[J.C.]

Nächste Hiobsbotschaft!

Hikari Tsushin Capital muss mit Massenkündigungen von Mitarbeitern rechnen

TOKIO (dpa-AFX) - Hikari Tsushin Capital, der Venture-Capital-Tochter von Hikari Tsushin HIK.FSE, steht möglicherweise eine Massenkündigung durch ihre Mitarbeiter bevor. Grund seien Auseinandersetzung über den Kurs der Firma, sagte eine Quelle aus Unternehmenskreisen im Gespräch mit AFX-Asia.

Zuvor hatte die "Financial Times" über Kündigungen von 20 bis 60 Mitarbeitern der Beteiligungsgesellschaft berichtet. Darunter hätten sich zwei stellvertretende Abteilungsleiter befunden.

Kernpunkt der internen Streitigkeiten sei der Wunsch nach mehr Unabhängigkeit von der Muttergesellschaft, deren Reputation und Aktienkurs deutlich gelitten hat. Der Kurs der Hikari-Tsushin-Aktie hat sich seit Februar mehr als gezwanzigstelt nachdem die Firma enttäuschende Ergebnisse vorgelegt hatte und eine Diskussion um die Informationspolitik des Vorstandes entbrannt war. Hikari Tsushin vertreibt Mobiltelefonanschlüsse und beteiligt sich an Internetfirmen./cs/ms


31.05.2000, 12:49 Uhr


J.C.

[trendwatcher]

polzinho,

sicher, daß Hikari Hk.(Golden Power) bisher noch keine Kohle von Hikari gesehen hat und es noch kein Abhängigkeitsverhältnis gibt?

Das könnte ein Grund sein, nochmal Golden Power nachzukaufen.
Denn die scheinen - mit ihren Batterien - noch Energie zu haben ...

Danke für nähere Infos!

trendwatcher

[polzinho]

aus der untenstehenden meldung kannst du herauslesen, dass keine direkten investitionen von ausländischen unternehmen in unternehmen am hang seng innerhalb eines jahres erlaubt sind, da dies eine substanzielle veränderung des entsprechenden unternehmens wäre und zwangsläufig zum delisting derselben führt.

---

Softbank Inv (0648): Injected by Softbank 1 yr after acquisition at fastest

2000-05-18 18:16
(Infocast News) Laurence Yu, Vice Chairman of Softbank Investment (0648), said that Japan-based Softbank is not allowed to have capital injection until 1 year later after having become the major shareholder of the company, or this will be regarded as a substantial change of the company and thus has to apply for listing again.

He said that the company will move into a new office early June. He expected the representatives from Japan will come to Hong Kong by then.

He stated that he holds 160 million shares of the company and has no intention to reduce his sahreholding.

[morchel]

Danke J.C.

morchel

[polzinho]

und weiter gehts auf dem weg nach norden...

in hongkong +20.93% bei super volumen

kurse unter www.finet.com.hk - realtime - code 603

[Midi2000]

so ich bin heute rein zu 50,50.
Aber nur zehn Stck *lol* ist doch ne ganz schön heisse Kiste

[Vokuhila7]

Hallo zusammen !

Ich hätte noch zwei Fragen zu diesem Warrant, WKN 929993.
Meine Stücke werden bei Consors verwahrt, dort erscheint in meiner Depotübersicht immer nur "Kurs fehlt". Kann mir jemand sagen, wieviel ein Warrant zur Zeit kostet (am besten in Euro) ?
2.Frage : Wo wird dieser Schein eigentlich gehandelt ? In Deutschland wohl nicht oder ?

Besten Dank und gute Geschäfte !

[polzinho]

bin mir auch nicht ganz sicher - kurs steht bei 0.241 hkd (freitag +18% in hk). kursabfrage ebenso unter finet.com.hk code 607. man sollte ja für eine option eine aktie bekommen. wie das technisch abläuft, weiss ich aber nicht.

[polzinho]

@ Vokuhila7: du bist im falschen thread.

[morchel]

RE J.C.

Massenkündigungen waren in der Geschchte der Börse schon oft ein Auslöser für einen Kussprung.
So traurig es ist.

morchel

[polzinho]

+2% auf 0.53 HKD

[J.C.]

Hi morchel,

du hast schon recht. Wenn ein Unternehmen Mitarbeiter abbaut führt das sehr oft und aus verständlichen Gründen (Kosteneinsparung)zu Kurssprüngen. Nur in diesem Fall werfen die Mitarbeiter das Handtuch und nehmen nicht nur ihr know how mit, sondern können auch sehr leicht als Gruppe ein Konkurrenzunternehmen gründen (was schon öfter der Fall war), ohne daß das Unternehmen darauf vorbereitet ist.

Ich kenne eine AG im Finanzdienstleistungsbereich das durch den momentanen Verlust von ca. 89% der Mitarbeiter extrem insolvenzgefährdet war und nur durch den Verkauf von Substanz gerettet werden konnte.

J.C.

[J.C.]

Hi polzinoh,


die technische Durchführung der Ausübung des Warrant ist recht einfach:

Du beauftragst deine depotführende Stelle - zu einem von dir gewählten Zeitpunkt (American style), jedoch bis spätestens 27.04.2002 - Aktien d. HTI zu Ausübungspreis =HKD 0,375 unter Ausübung des Warrant (Verhältnis 1:1)zu kaufen.

Du bezahlst dann - egal wie hoch oder tief der Kurs ist - pro Aktie HKD 0,375. Gleichzeitig mit der Einbuchung der gewünschten Anzahl Aktien wird die gleiche Anzahl Warrants ausgebucht und dein Verrechnungskonto mit HKD 0,375 x X-Stück belastet.

Danach kannst du die Aktien jederzeit zum aktuellen Kurs verkaufen.

Behälts du deine Warrants bis zum letzten Tag der Ausübung werden diese dann "bestens" verkauft oder verfallen.

Es ist natürlich zu berücksichtigen daß der Break Even erst dann erreicht wird, wenn der Kassakurs + Spesen und der Ausübungspeis + Spesen gleich hoch sind. Ist der Kassakurs + Spesen niedriger, wird man den Warrant verfallen lassen.

J.C.

[Dale Cooper]

Hallo J.C.!

Zunächst Danke für die Infos! Noch eine Frage: Anscheinend werden die Optionen ja auch gehandelt (Kürzel: 607 unter finet.com.hk). Wenn ich für eine Option immer eine Aktie zu einem fixen Kurs bekomme, wieso wird dann überhaupt ein laufender Kurs für die Optionen ermittelt (aktuell 0.238 HKD)? Das verwirrt mich etwas.

Thx.

[J.C.]

Hi Dale Cooper,

nachfolgend ein Beispiel an Hand von HTI (ohne Berücksichtigung von Spesen).

Der Ausübungspreis beträgt HKD 0,375
der Kassapreis heute HKD 0,530
das ergibt einen inneren Wert des Optionsscheines von HKD 0,155. (Ausübungspreis(ist immer fix) + innerer Wert des OS (variabel nach Kassapreis) = Kassapreis.)

Die Differenz vom inneren Wert des OS zum Kurs des OS ist die Prämie oder Aufgeld. Im gegenwärtigen Fall von HTI HKD 0,083. D.h. wenn du heute einen OS erwirbst und heute dein Recht ausübst, hast du Gesamtkosten von HKD 0,613 (Ausübungspreis + Kurs OS). Also erheblich teurer als der Kassapreis.

Die Phantasie die hinter dem höheren Preis des Optionscheines steckt ist der Hebel.
Wenn die Aktie z.B. um 20% steigt ergibt das HKD 0,636. Das bedeutet, daß der innere Wert des OS dann HKD 0,261 beträgt. (Kurs d. Aktie - Ausübungspreis = innerer Wert (0,636 - 0,375 = 0,261)) Die Steigerung des inneren Wertes des OS beträgt demnach 68,39%. Hier beträgt dann der Hebel 3,4. D.h. der OS ist 3,4 mal höher gestiegen als die Aktie. Bei gleich hoch investierten Kapital ist die Investition in OS bedeutend profitabler als in Aktien (allerdings mit bedeutend höherem Risiko "Totalverlust ist möglich").

Die Höhe der Prämie bestimmt der Markt (Angebot und Nachfrage), doch je näher der Verfallstag kommt, desto schneller wird Prämie abgebaut und ist am Verfallstag 0.

Wenn du fallweise versuchen willst in Optionsscheine zu investieren, dann solltest du dir zu Beginn Werte mit negativer Prämie (wie z.B. der Call/BKS Stamm mit einem OS-Kurs von € 208,- und einen inneren Wert von € 306,60) ansehen.
Doch das gehört nicht mehr zu diesem Thread.

J.C.

[Dale Cooper]

Danke für die ausführliche Antwort. Ich denke, Du hast damit vielen weitergeholfen (ist ja nicht ganz unkompliziert...).

[T-P]

was ich bisher hier gelesen habe ist ja alles sehr spannend, wie sieht es aber Eurer Meinung nach mit der japanischen Mutter des hongkonger Kindes aus? Nach einem derartigen Verriß wie in den letzten Wochen erscheint sie mir derzeit deutlich unterbewertet. Sorgen mache ch mir nur über die immer öfter auftauchenden Übernahme- bzw. Pleitegerüchte sowie die Konkurse diverser Tochtergesellschaften in letzter Zeit. Für Eure MEinungen zu Hikari (Japan) wäre ich daher sehr dankbar!! Ciao, T-P

[polzinho]

bevor die pleite gehen werden noch so einige sumo-ringer auf die matte geworfen. schau dir mal deren beteiligungs-portfolio an - beeindrucken! wurden zwar einige shares flüssig gemacht, doch ist noch genug vorhanden.

fazit: wenn morgen nicht die ganze welt den high-techs den rücken kehrt, wird es hikari auch übermorgen noch geben.

j.c.: thx für die infos!

[polzinho]

die mutter in japan vorgestern und gestern jeweils 10% hoch sowie heute 20%; tochter heute leicht im plus (2%)

[J.C.]

Der Optionsschein "607 Hikari Tsushin Int." ist heute um +9,24% auf HKD 0,26 gestiegen. Gutes Zeichen für die Aktie, da die Höhe der Prämie des OS sehr oft die Erwartungen, die man in den Basiswert setzt, widerspiegelt.

J.C.

[Dale Cooper]

Hallo J.C.! Welche Strategie wirst Du mit deinen Optionen fahren? Wann wird der beste Moment sein, diese einzulösen? Reicht dazu eine E-Mail an seine Bank (bei mir Consors) aus?

Viele Fragen.

Danke.

[J.C.]

Hi Dale Cooper,

ich gehe davon aus, daß die HTI Aktie spätestens in 12 Monaten bei HKD 1,- steht. Unter der Annahme einer 10%igen Prämie wäre der Kurs des OS dann HKD 0,69. Da ich in den OS kein Geld investiert habe (ausgenommen Spesen) kann ich die vollen HKD 0,69 als Gewinn betrachten. Ob ich dann denn OS verkaufe, oder erst zu einem späteren Zeitpunkt, wird vom Kurs, Unternehmensergebnis, Börsenumfeld, usw. abhängen.

Höchstwahrscheinlich werde ich aber die Option nicht ausüben und die Aktie daher nicht kaufen (keine Investition), sondern den OS veräußern - es sei denn es entwickelt sich eine negative Prämie, so daß ich bei der Ausübung der Option und sofortigem Verkauf der Aktie einen höheren Gewinn lukriere.

Wie Order bei euch in Deutschland gehandhabt werden weiß ich nicht. Es wird aber ähnlich wie bei uns in Österreich sein und ich order immer "per Fax".

J.C.

[Dale Cooper]

Danke für die Antwort - 1 HKD ist auch mein erstes Kursziel, mittelfristig erhoffe ich die alten Höchststände von über 4 HKD sehen zu können. Wenn die Vorhaben des Vorstandes in die Tat umgesetzt werden können, ist das alles andere als Utopie.

Übrigens: Bin auch Ösi (aus Graz), aber wie gesagt mit Depot bei Consors.

Ciao.

[J.C.]

INFO:
Firmenmeldungen Asien [07.06.2000 23:08:55]
Hikari Tsushin (899393) profitierte heute wieder von Übernahmespekulationen, die vom Unternehmen jedoch als unbegründet zurückgewiesen wurden. In Tokio stieg heute der Wert um höchstmögliche 20 % auf 6100 Yen. Auch in Frankfurt gewinnt die Aktie: + 17,4 % auf 69,50 Euro.

Rating: Beobachtungsstatus

Autor: Regina Kaffl

[morchel]

Optionsscheine sind auch bei uns in Österreich interessant (gehört zwar nicht hier her, aber wo wir grad so gemütlich beisammensitzen....)
Hatte seinerzeit mal einen von KTM, der hat sich verfünffacht innerhalb eines Monats
Winerberger ist zur Zeit interessant für einen Schein bis 30€ bis anfang nächsten Jahres.

Ich hoffe das sich meine Aktien auch optionscheinmässig schnell steigen (hoffentlich nicht sinken)

wenn ihr lust habt schaut mal auf meiner Seite http://www.8ung.at/zockstocks vorbei.
Sie befasst sich aber nur mit aktien der OTC wo ich den Hauptteil meines Kapitals angelegt habe (nach dem Motto: alles oder nix. momentan siehts aber leider nach nix aus *gg*)

watch ot morchel

[Hirnhaut]

Eines verstehe ich nicht ! Laut Börse Online im Statistikteil wird für die Jahre 1999, 2000, 2001 jeweils ein Gewinn für die Aktie (Hikari) von 334, 447, 441 ausgewiesen. = KGV von 10,4
Wieso sollte dann solch eine Firma Pleite gehen, die in der Vergangenheit sowie für die Zukunft Gewinne erwirtschaftet. Ich wäre für eine Antwort sehr dankbar !

[tottsky]

heyho!

bin seit 2 tagen auch drin. harakiri hat mich schon 2 schlaflose nächte gekostet.. aber egal: no risk, no fun. an dieser stelle noch ne frage: wann schließt die japanische börsen ( deutsche zeit).

schönen dank und viel glück uns alle

bis denne

tottsky

[J.C.]

steigt und steigt und steigt und ..............

HTI (603) +11,76%

HTI OS (607) + 10,42%

nur so weiter!

J.C.

[polzinho]

es geht weiter aufwärts mit unserer hikari hongkong - die letzten tage können sich wirlich sehen lassen :O

nur weils angeklungen war: einen optionsschein auf wienerberger würde ich lieber lassen. wer den kurs die letzten jahre über beobachtet hat wird um die annahme nicht umhinkommen, dass da nicht immer alles mit rechten dingen zugegangen ist...

[Aktienpapst]

da ich erst seit einigen Tagen die Einträge über Hikari verfolge ist mir noch sehr viel unklar geblieben.
Zunächst einmal, handelt es sich bei der angesprochenen Aktie hikari Hongkong, um die Aktie mit der WKN 915538? Falls ich damit falsch liege würde ich mich über die richtige WKN freuen.
Vielleicht kann mir ja jemand noch erklären was es mit der Firma Golden Power auf sich hat, hinsichtlich näherer Infos was sie mit hikari zu tun hat. für eine WKN wäre ich ebenfalls dankbar.
Für entsprechende Antworten schon mal dank im Voraus.

[polzinho]

wkn ist richtig - schau dir mal diesen und den vorgänger-thread von anfang an durch, dann findest du alle verfügbaren infos zur tochter der japanischen hikari!

[polzinho]

und weiter gehts richtung norden: +12.28% (optionen sogar mit über 15% im grünen bereich)

die japanische hikari übrigens mit über 5% im minus...

+++

12:12 12-JUN-2000
Hikari Tsushin<0603.HK> acquired stakes in a Korean portal

Hikari Tsushin International Ltd announced to acquire 45,000 shares of Internet Auction Co. Ltd, incorporated in the Republic of Korea, at $7.86 million and the purchase consideration is at KRW25,000 per sale share. IACL will be listed on KOSDAQ Securities Market in the Republic of Korea. The issue price is KRW40000 per share.

Hikari Tsushin International will be holding 0.36 pct of IACL when the deal is completed.







(End)

[J.C.]

INFO:

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

HIKARI TSUSHIN INTERNATIONAL LIMITED
(Incorporated in Bermuda with limited liability)

CONNECTED TRANSACTION
Acquisition of shares in IAnternet Auction Co., Ltd.,
a company engaged in the establishment and
operation of internet auction web sites

Summary

Pursuant to the Undertaking, HT has offered the Sale Shares to the Company and the Company concluded the Agreement with HT which provides for the acquisition of the Sale Shares from HT for an aggregate amount cash consideration of KRW1,125,000,000 (equivalent to approximately HK$7,867,133). The Sale Shares represent approximately 0.36 per cent. of the existing issued share capital of Internet Auction Co., Ltd. ("IACL"), a company incorporated in the Republic of Korea and engaged in the establishment and operation of internet auction web sites. It is currently expected that IACL Shares (including the Sale Shares) will be listed on KOSDAQ Securities Market in the Republic of Korea on 13 June, 2000 and that trading of such shares will commence on 15 June, 2000.

The consideration for the Acquisition was equivalent to the purchase price paid by HT to independent third parties for acquisition of the Sale Shares by HT in January 2000. Unless otherwise agreed between HT and the Company, completion of the Acquisition will take place on 12 June, 2000.

Since HT became the controlling shareholder of the Company (which as at the date of this announcement holds approximately 51 per cent. of the issued share capital of the Company), the Group has focussed on expanding its businesses into a range of internet, internet-related, mobile phone and mobile phone-related activities and it has been actively looking for suitable investment opportunities. As IACL is a leading internet auction web site operator in the Republic of Korea, the Acquisition is in line with the business strategies of the Group.

As HT is the controlling shareholder of the Company, the Acquisition constitutes a connected transaction for the Company under the Listing Rules. Pursuant to Rule 14.25(1) of the Listing Rules, the Company is required to make this announcement and disclose details of the Acquisition in its annual report for the financial year ending 31 March, 2001.

THE AGREEMENT
Date: 9 June, 2000

Parties

Vendor: Hikari Tsushin, Inc

Purchaser: Hikari Tsushin International Limited

Assets to be acquired: 45,000 shares of KRW500 each in IACL representing approximately 0.36 per cent. of the existing issued share capital of IACL

Consideration: KRW1,125,000,000 (equivalent to approximately HK$7,867,133), representing KRW25,000 per Sale Share (equivalent to approximately HK$175 per Sale Share), which shall be payable in full by way of cash upon Completion

Completion: completion of the transfer of Sale Shares from HT to the Company will, unless otherwise agreed between HT and the Company, take place on 12 June, 2000.

BASIS UPON WHICH THE CONSIDERATION WAS DETERMINED
Pursuant to the Undertaking, HT has undertaken to the Company (inter alia) not to acquire further interests in companies engaged in internet or internet-related or mobile phone or mobile phone-related activities in the Asian Pacific region (excluding Japan) unless, subject to the consents of the investee companies, such opportunities have first been offered to the Company on terms no less favourable than those available to HT and which have been refused by the Company on the basis that the Company would only exercise the right of first refusal if so approved by the independent non-executive directors. Such right of first refusal also covered any investment opportunities and/or investments made by HT during the period from 28 December, 1999 to 10 March, 2000. In accordance with the Undertaking, HT has offered to sell and transfer the Sale Shares to the Company at the same price as that paid by HT when HT acquired the Sale Shares from independent third parties in January 2000.

The Acquisition and the Agreement were approved by the Board on 9 June, 2000. The Board, including two of its independent non-executive Directors, is of the view that the Acquisition is in the interest of the Company and that the Agreement is on better than normal commercial terms because (inter alia) the Sale Shares will be acquired by the Company at the purchase consideration of KRW25,000 per Sale Share and the issue price is KRW40,000 per IACL Share at the initial public offering of IACL. Further details in relation to the initial public offering of IACL are disclosed in the section headed "Information on IACL" below. The Board, including two of its independent non-executive Directors, is of the further view that the terms of the Agreement are fair and reasonable as far as the Company is concerned.

REASONS FOR THE ACQUISITION
Since HT became the controlling shareholder of the Company (which as at the date of this announcement holds approximately 51 per cent. of the issued share capital of the Company), the Group has focussed on expanding its businesses into a range of internet, internet-related, mobile phone and mobile phone-related activities and has been actively looking for suitable investment opportunities. As IACL is a leading internet auction web site operator in the Republic of Korea, the Acquisition is in line with the business strategies of the Group.

INFORMATION ON IACL
IACL operates leading internet online auction sites with more than 80% market share in the Republic of Korea. It offers various kinds of auction such as reverse auction, synergy auction, event auction, brand auction as well as standard auction, and plans to launch head hunting and chatting auction in the near future. It generates revenue from various sources such as C2C, B2C and B2B commission fees, additional listing service fees, event fee, advertising, etc.

IACL has filed a registration with the Financial Supervisory Commission of the Republic of Korea for the initial public offering of 2,510,000 new IACL Shares at the issue price of KRW40,000 per IACL Share. An application has been made for the listing of IACL Shares on KOSDAQ Securities Market in the Republic of Korea. Subject to certain procedural requirements, it is currently expected that IACL Shares will be listed on KOSDAQ Securities Market in the Republic of Korea on 13 June, 2000 and the trading of IACL Shares will commence on 15 June, 2000.

GENERAL
As at the date of this announcement, HT holds approximately 51 per cent. of the issued share capital of the Company. Under the Listing Rules, the Acquisition constituted a connected transaction for the Company. Pursuant to Rule 14.25(1) of the Listing Rules, the Company is required to make this announcement and disclose details of the Acquisition in its annual report for the financial year ending 31 March 2001.

DEFINITIONS
In this announcement, the following expressions have the meanings set out below unless the context requires otherwise:

"Acquisition" the acquisition of the Sale Shares by the Company pursuant to the Agreement

"Agreement" the agreement relating to the sale and purchase of the Sale Shares entered into between HT and the Company on 9 June, 2000

"Board" or "Director(s)" the board of directors or the director(s) of the Company respectively

"Company" Hikari Tsushin International Limited, a company incorporated in Bermuda with limited liability, the shares of which are listed on the Stock Exchange

"Completion" completion of the sale and purchase of the Sale Shares in accordance with the terms of the Agreement

"Group" the Company and its subsidiaries

"HT" Hikari Tsushin, Inc., a company incorporated in Japan and a controlling shareholder of the Company

"IACL" Internet Auction Co. Ltd., a company incorporated in the Republic of Korea and engaged in the establishment and operation of internet auction web sites

"IACL Shares" ordinary shares in IACL

"KRW" Korean won, the lawful currency of the Republic of Korea

"Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange

"Sale Shares" 45,000 IACL Shares

"Stock Exchange" The Stock Exchange of Hong Kong Limited

"Undertaking" an undertaking issued by HT on 10 March, 2000 in favour of the Company, details of which are disclosed in the section headed "Basis upon which the consideration was determined".

For the purpose of this announcement, unless otherwise indicated, an exchange rate of HK$1:KRW143 has been used for the purpose of illustration and no representation is made that any amount has been, could have been or may be exchanged, at such or any other rate, or at all.

By Order of the Board of
Hikari Tsushin International Limited
Masahide Saito
Chairman

Hong Kong, 9 June, 2000

Please also refer to the published version of this announcement in the Hong Kong iMail.

[polzinho]

hallo j.c.! woher hast du die meldung??? bitte um quellenangabe. heute gabs wieder news, doch konnte das dem kurs nicht helfen => wohl gewinnmitnahmen.

hochinteressant: anscheinend findet gerade sowas wie ein ausverkauf von beteiligungen der japanischen mutter in richtung der holding statt...

+++

11:20 13-JUN-2000
Hikari Tsushin Int`l <0603.HK> plans to buy 2 PRC websites

Hong Kong Economic Times reported that Hikari Tsushin Int`l proposes to acquire stake in two e-commerce websites in the PRC, namely 8848.com and chinaproducts.com, from its major shareholder Hikari Tsushin.

Parent Hikari Tsushin holds approximately 10 pct stake in each of 8848.com and chinaproducts.com.






(End)

[J.C.]

Hi polzinho,

die Mitteilung habe ich über "The Stock Exchange of Hong Kong" Market News (hier gibt es täglich neue Meldungen) unter:

http://www.sehk.com.hk/index.asp?id=search.asp

Übrigens, Links zu 145 wichtigen und weniger wichtigen Börsenplätzen findest du unter:

http://www.finix.at/fin/selinks.html

J.C.

[J.C.]

An "ALLE" in diesem Thread!

Vorerst recht herzlichen Dank für die niveauvollen Beiträge. Es tut gut wenn man hier offen kommunizieren kann, ohne daß man sich mit Äußerungen von selbstverwiklichungsgeilen Psychopathen herumschlagen muß.

Nochmals recht herzlichen Dank!

Nun zur Mitteilung von polzinho betreffs den Verkauf von Beteiligungen von der Mutter (HT Jp) an die Tochter (HTI Hk).

Ich habe bei solchen Transaktionen immer Bedenken, ob der Verkauf dieser Beteiligungen nicht zu überhöhtem Preis geschieht. Man kann so leicht die Mutter finanziell sanieren und die Tochter finanziell aushöhlen und anschließend abstoßen.

Wie seht ihr das?

J.C.

[polzinho]

hallo j.c.! thx für den link. - die bedenken sind bestimmt nicht von der hand zu weisen, aber könnte auch anders rum sein. durch die finanziellen schwierigkeiten der mutter ist für diese im moment geld trumpf. daher müssen sie beteiligungen abstossen. immer wenn man etwas verkaufen MUSS ist auch das dafür gebotene dementsprechend. naheliegend, dass man eine beteiligung eher an nahestehende unternehmen günstig abgibt als an eine x-beliebige.

so würde man die meldung von gestern jedenfalls verstehen, wie sie von yahoo kommentiert wurde:

+++

Hikari Tsushin verkauft an Hikari Tsushin HongKong Aktien von Internet Auction Co.

Hikari Tsushin HongKong International ( 0603) legt heute 8,8 % auf 62 cents zu, nachdem angekündigt wurde, dass man 45.000 der Papiere der südkoreanischen Internet Auction Co. von der Japanischen Hikari Tsushin übernehmen wolle. Der Preis liegt bei 25.000 KRW, ein wirklich gutes Geschäft für Hikari Tsushin International, wo doch der Listing Preis der Internet Auction Co. bei 40.000 KRW liegt.

Die Japanische Hikari Tsushin ist dementsprechend heute wieder im Minus mit 9,4 % bei 5.120 Yen. Neben dem Verkauf des Tafelsilbers belastet den Kurs vor allem eine Schlechte Wertung durch R & I und allgemein schlechte Stimmung um Hikari Tsushin am Börsenparkett.

Quelle: Yahoo

+++

oder???

[J.C.]

Hi polzinho,

danke für deine Info.

Berichte über in Hongkong u. a. asiatischen Börsen notierte Unternehmen findest du auch unter:

http://eng.stockhouse.com.hk/

http://www.quamnet.com/fcgi-bin/index.fpl

http://www.infocastfn.com/index77.html

http://www.scmp.com/News/Markets/Index.asp

http://www.hkgem.com/root/e_default.asp

http://irasia.com/

http://203.63.165.137/asianet.nsf

J.C.

[J.C.]

INFO:

Auskunft von meiner (österr.) Bank:

Beim Verkauf von HTI Optionsscheinen (lt.Mitteilung der Börse Düsseldorf notieren sie an keiner Börse in Deutschland) ist folgendermaßen vorzugehen:

Verkaufsauftrag an die depotführende Stelle - anschließend wird mit Hongkong ein Preis vereinbart (muß nicht immer der Kurs in HKD x Devisenkurs sein, deshalb ist ein Limit zu empfehlen)- weitere Durchführung wie bei normalen Transaktionen. (Spesensatz in Höhe der Deutschland-Order (von Österr.)).

J.C.

[hamilton]

Wenn HT jetzt nur noch 51% (statt vorher 75%) an HTI hält, wer ist dann jetzt Eigentümer der 24% Differenz? PCCW? oder Dritte? oder wir?

[J.C.]

Wo bleiben neue Meldungen? Ist polzinho schon auf Urlaub? Kein Wunder bei der Affenhitze!

[polzinho]

abwarten und eistee trinken !




und: nicht ins sommerloch fallen...

[J.C.]

In Ermangelung anderer Nachrichten:

WizOffice.com may seek private funding
By Nawaz Marican
Wednesday, June 21 2000


Raphael Tham
WizOffice.com CEO
update SINGAPORE--E-procurement firm WizOffice.com Pte Ltd, which has delayed its listing plans, may be forced to turn to the private equity market in order to keep its regional expansion plans on track.
"We have sufficient funds to sustain our existing business...the funding we need is to expand our regional operations," said WizOffice.com chief executive officer Raphael Tham.

However, he declined to disclose any details on the proposed fresh round of funding.

ING Barings is WizOffice`s lead manager for its Initial Public Offering exercise. The latter received its in-principle approval from the Singapore Exchange (SGX) in April.

The firm, which provides procurement services for office supplies, is already present in Singapore and will be starting operations in Hongkong and Japan by mid-July.

Also in the pipeline are offices in Malaysia, Indonesia, Korea and Taiwan.

WizOffice has raised a total of S$15 million from venture capitalists and angel investors in the last 10 months, including S$8m from its largest backer Japan`s Hikari Tsushin Capital.

An industry observer said that WizOffice will probably have to submit a new application to the SGX now that it has plans to go for a fresh round of private funding.

Under SGX regulations, a company that does not list within a month of getting an in-principle approval can apply for an extension provided there are no material changes in the group.

Raising private funding through venture capital or any other means will change a company`s share ownership and therefore be deemed as a material change, the observer said.

Tham agreed. "Yes, we`ll probably have to re-apply for a listing but our business model remains unchanged. When we are ready to list, our regional operations will be up and running and this will give us a better track record."

He added: "When the market conditions improve, WizOffice.com is confident of convincing the more intelligent and experienced investors why they should invest in us." Apart from WizOffice.com, Catcha.com Ltd, an online network of localized portals for Southeast Asia, is also another "victim" of Nasdaq`s volatility.

Quelle: Singapore.cnet.com

J.C.

[J.C.]

Leider erst jetzt gefunden!
http://eng.stockhouse.com.hk/brokerage/typhoon/jun00/typhoon…

J.C.

[J.C.]

INFO:

Hikari Tsushin: Hasardspiel

Anstatt des zuvor prognostizierten operativen Gewinns rechnet Hikari Tsushin für das erste Halbjahr mit Verlusten von umgerechnet 124 Mio. EUR. Die Verwirrung um die Halbjahreszahlen bescherte der japanischen Internet-Holding seit März Kursverluste von 95%. Seit dem Einsetzen des freien Falls scheint jetzt erstmals eine Bodenbildung knapp über 5.000 JPY gelungen. Sehr mutige Anleger könnten jetzt verschmerzbare Summen riskieren.
Strategie: Spekulativer Kauf.

Quelle: Börsen-Kurier v. 29.06.2000

Anmerkung: Wenn Hikari Tsushin Japan schon als Kauf gewertet wird, um wieviel mehr muß Hikari Tsushin Hongkong Potential nach oben haben, wo doch neben der Internetsparte (siehe die Beteiligungen im vergangenen Monat), noch die Elektrosparte (Batterien) fundamental zu berücksichtigen ist.

J.C.

[polzinho]

heute mal zur abwechslung im plus (11%).

[jonass]

... haben sich zum börsenschluss hin sogar noch auf + 15,07 % gesteigert.
war das nur das rel. günstige umfeld, oder haben die anleger gemerkt das die reaktion auf die zahlen übertrieben und schon lange eingepreist war.
ich hoffe lezteres ...

gruss jonass

[Parich]

Wahrscheinlich wird den Chinesen (HK) jetzt langsam klar was Hikari Tsushin übersetzt
eigentlich heisst. Nähmlich: KOMMUNIKATION mit LICHTGESCHWINDIGKEIT.
Die mit einen Ochsenkarren z.Zt. nicht erreicht werden kann.
Gruss
Parich

[polzinho]

zumindestens heute hatten sie aber eine schnelle leitung hat sich schön gemausert, unsere hikari. strohfeuer oder gehts weiter?

in ganz hongkong immerhin der top-performer und (was imho noch viel wichtiger ist) der zweit meist gehandeltste wert!

am ende immerhin

+36.71%

auf 0.53/0.54

hier die meldungen:

+++

10:58 17-JUL-2000
Hikari Tsushin <0603.HK> soars 11 pct

Hikari Tsushin soared in early trade, reaching a high of $0.44 with a rise of over 11 pct stimulated by the news that Pacific Cent Cyber <1186.HK> may team up with a Japanese company to acquire stake in Hikari Tsushin in Japan.

It traded at $0.425, up $0.03.

Hikari Tsushin in Japan skyrocketed over 13 pct.

(End)

+++

15:35 17-JUL-2000
Hikari Tsushin<0603.HK> rises on PCCW buy-in rumour

Hikari Tsushin International rose by as much as 40 pct today as PCCW <1186.HK> has not denied the rumour that it is trying to acquire a controlling stake in the company.

Market circles said that even though PCCW may indirectly become its parent, however, the support to Hikari Tsushin International may not be significant.

The company has a record of spinning off parts of the operation.

Softbank <0648.HK> also rose by 23 pct.



(End)

[ballard1]

Cooler Einstieg, 38,5E dann so ne Performance, könnt ich öfters gebrauchen.
Schaun mer mal wo die Reise hingeht

[J.C.]

Ich bin wieder vom Urlaub zurück und habe euch ein paar Meldungen mitgebracht - auch wenn sie nicht mehr ganz neu sind.

HIKARI TSUSHIN<0603> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Hikari Tsushin
International Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong
Limited.

We have noted the recent increases in the price and trading volume of the
shares and the warrants of the Company and wish to state that we are not
aware of any reasons for such increases.

We also confirm that there are no negotiations or agreements relating to
intended acquisitions or realisations which are discloseable under
paragraph 3 of the Listing Agreement, neither is the Board aware of any
matter discloseable under the general obligation imposed by paragraph 2 of
the Listing Agreement, which is or may be of a price-sensitive nature.

Made by the order of the Board of Hikari Tsushin International Limited the
directors (other than Mr Lau Wah Sum who is not in Hong Kong and cannot be
contacted) of which individually and jointly accept responsibility for the
accuracy of this statement.

For and on behalf of
Hikari Tsushin International Limited

Masanori SUZUKI
Director

17th July 2000"



The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

HIKARI TSUSHIN<0603> - Results Announcement

Hikari Tsushin International Limited announced on 7/7/2000:
(stock codes: Ord: 603 & War: 607)
Year end date: 31/3/2000
Currency: HK$ (Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/4/1999 from 1/4/1998
to 31/3/2000 to 31/3/1999
(`000) (`000)
Turnover
- Continuing : 493,149 416,593
- Discontinued : - -
Operating Profit/(Loss)
- Continuing : (114,337) (49,232)
- Discontinued : - -
Total Operating Profit/(Loss) : (114,337) (49,232)
Share of Profit/(Loss) of
Associated Companies : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax
& MI : (114,381) (46,442)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (9.0 cents) (4.8 cents)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (114,381) (46,442)
Final Dividend per Share : Nil Nil
(Specify if with other options) : N/A N/A
B/C Dates for Final Dividend : N/A N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A

Remarks:

(1) The reason why the Group`s loss after tax and minority interest of
HK$114 million increased by 146% when compared to that of last year, was
mainly due to the increase of other expenses from HK$13 million to HK$59
million, significant portion of which was provided for by the management
and was in reflection of the transformation of the Group, and included
(i) the written off value of certain inactive inventories, moulds,
plant and machineries, (ii) the written off of certain leasehold lands
in the PRC, and (iii) the written off of pre-operating expenses due to the
adoption of recently issued accounting practices prevailing in Hong Kong.

(2) Basic loss per share for the year ended 31 March 2000 and for that of
last year are calculated after taking into account of sub-division of
shares of the Company on 10 April 2000, pursuant to which one share of
HK$0.1 each in the Company was sub-divided into four shares of HK$0.025
each.

(3) Diluted loss per share for the year ended 31 March 2000 and that for
last year are not shown as the effect of exercise of warrants and share
options is anti-dilutive.

(4) Exceptional items of the prior year have been reclassified pursuant to
the revised SSAP 1.




ANNOUNCEMENT


The financial year-end date of the Company was changed from 31 March each year to 31 July each year commencing in year 2001. The next set of annual accounts, subsequent to the change, will be prepared for the sixteen months` period from 1 April 2000 to 31 July 2001.

The Board of Directors of the Company announces that the financial year-end date of the Company was changed from 31 March each year to 31 July each year commencing in year 2001 in order to comply with the accounting requirements of its ultimate holding company, Hikari Tsushin, Inc., a company incorporated and listed in Japan.

Subsequent to the change, the Company`s announcements of its financial results will be released as follows:

1. a first interim result covering the six months` period ending 30 September 2000 will be made on or before 31 December 2000 (the "First Publication Date") and the relevant interim report will be despatched to shareholders after the First Publication Date;

2. a second interim result covering the six months` period ending 31 March 2001 will be made on or before 30 June 2001 (the "Second Publication Date") and the relevant interim report will be despatched to shareholders after the Second Publication Date; and

3. the publication of the preliminary announcement of final results and the distribution of the audited financial statements for the sixteen months` period from 1 April 2000 to 31 July 2001 will be made on or before 30 November 2001.


By Order of the Board
Masahide Saito
Chairman and Chief Executive Officer


Hong Kong, 7 July 2000

* For identification purposes

Please also refer to the published version of this announcement in the iMail dated 10th July, 2000.


HIKARI TSUSHIN<0603> - Results Announcement

Hikari Tsushin International Limited announced on 7/7/2000:
(stock codes: Ord: 603 & War: 607)
Year end date: 31/3/2000
Currency: HK$ (Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/4/1999 from 1/4/1998
to 31/3/2000 to 31/3/1999
(`000) (`000)
Turnover
- Continuing : 493,149 416,593
- Discontinued : - -
Operating Profit/(Loss)
- Continuing : (114,337) (49,232)
- Discontinued : - -
Total Operating Profit/(Loss) : (114,337) (49,232)
Share of Profit/(Loss) of
Associated Companies : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax
& MI : (114,381) (46,442)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (9.0 cents) (4.8 cents)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (114,381) (46,442)
Final Dividend per Share : Nil Nil
(Specify if with other options) : N/A N/A
B/C Dates for Final Dividend : N/A N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A

Remarks:

(1) The reason why the Group`s loss after tax and minority interest of
HK$114 million increased by 146% when compared to that of last year, was
mainly due to the increase of other expenses from HK$13 million to HK$59
million, significant portion of which was provided for by the management
and was in reflection of the transformation of the Group, and included
(i) the written off value of certain inactive inventories, moulds,
plant and machineries, (ii) the written off of certain leasehold lands
in the PRC, and (iii) the written off of pre-operating expenses due to the
adoption of recently issued accounting practices prevailing in Hong Kong.

(2) Basic loss per share for the year ended 31 March 2000 and for that of
last year are calculated after taking into account of sub-division of
shares of the Company on 10 April 2000, pursuant to which one share of
HK$0.1 each in the Company was sub-divided into four shares of HK$0.025
each.

(3) Diluted loss per share for the year ended 31 March 2000 and that for
last year are not shown as the effect of exercise of warrants and share
options is anti-dilutive.

(4) Exceptional items of the prior year have been reclassified pursuant to
the revised SSAP 1.


Quelle (alle): SEHK

[J.C.]

INFO:

HIKARI TSUSHIN INTERNATIONAL LIMITED
（光通信國際有限公司）*
(Incorporated in Bermuda with limited liability)

Notice of Annual General Meeting


NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at Chater Rooms III & IV, Function Rooms Level, The Ritz-Carlton, 3 Connaught Road Central, Hong Kong on Tuesday, 26 September 2000 at 3:00 p.m. for the following purposes:-

1. To receive and consider the audited financial statements and the reports of the Directors and Auditors for the year ended 31 March 2000;

2. To re-elect the retiring Directors and to authorise the Board of Directors to fix the remuneration of Directors;

3. To re-appoint Auditors and authorise the Board of Directors to fix their remuneration by considering and passing with or without amendments the following resolution as an Ordinary Resolution:

"THAT the retiring auditors, Messrs Ernst & Young who had been appointed by the Board of Directors during the year, be and are hereby re-appointed Auditors of the Company to hold office until the conclusion of the next Annual General Meeting at a remuneration to be fixed by the Board of Directors."; and

4. To consider and, if thought fit, pass with or without amendments the following resolution as an Ordinary Resolution by way of special business:

"THAT:

(i) subject to paragraph (iii) of this Resolution, the exercise by the Directors of the Company during the Relevant Period (as defined in paragraph (v) of this Resolution) of all the powers of the Company to issue, allot or otherwise deal with additional shares in the capital of the Company (the "Shares") or securities convertible into Shares, or options, warrants or similar rights to subscribe for any Shares, and to make or grant offers, agreements, options, warrants to subscribe for Shares and other rights which would or might require the exercise of such powers, be and is hereby generally and unconditionally approved;

(ii) the approval in paragraph (i) of this Resolution shall authorise the Directors of the Company during the Relevant Period to make or grant offers, agreements, options, warrants to subscribe for Shares and other rights which would or might require the exercise of such powers after the end of the Relevant Period;

(iii) the aggregate nominal amount of share capital allotted or to be allotted or agreed conditionally or unconditionally to be allotted (whether pursuant to an option or otherwise) by the Directors of the Company pursuant to the approval in paragraph (i) of this Resolution, otherwise than pursuant to:

(a) a Rights Issue (as defined in paragraph (v) of this Resolution);

(b) the exercise of rights of subscription or conversion attaching to any warrants issued by the Company or any securities which are convertible into Shares;

(c) the exercise of rights under any share option schemes or similar arrangement for the time being adopted for the grant or issue to officers and/or employees of the Company and/or any of its subsidiaries of Shares or rights to acquire Shares;

(d) any scrip dividend or similar arrangement providing for the allotment of Shares in lieu of the whole or part of a dividend on Shares of the Company in accordance with the Bye-laws of the Company;

(e) the exercise of any conversion rights attaching to any convertible notes issued or to be issued by the Company; and

(f) a specified authority granted by the shareholders of the Company in general meeting;

shall not exceed 20% of the aggregate nominal amount of the share capital of the Company in issue on the date of this Resolution, and the approval granted under paragraphs (i) and (ii) shall be limited accordingly;

(iv) subject to the passing of each of the paragraphs (i), (ii) and (iii) of this Resolution, any prior approvals of the kind referred to in paragraphs (i), (ii) and (iii) of this Resolution which had been granted to the Directors and which are still in effect be and are hereby revoked; and

(v) for the purposes of this Resolution:

"Relevant Period" means the period from the passing of this Resolution until whichever is the earliest of:

(a) the conclusion of the next annual general meeting of the Company;

(b) the expiration of the period within which the next annual general meeting of the Company is required by the Bye-laws of the Company or any applicable laws to be held; or

(c) the revocation or variation or renewal of the authority given under this Resolution by an ordinary resolution of the shareholders of the Company in general meeting.

"Rights Issue" means an offer of Shares in the Company, or an offer of warrants, options or other securities giving rights to subscribe for Shares, opened for a period fixed by the Directors to holders of Shares in the Company whose names appear on the register of members of the Company on a fixed record date in proportion to their then holdings of such Shares (subject to such exclusions or to other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements or having regard to any restrictions or obligations under the laws of, or the requirements of any recognised regulatory bodies or any stock exchange in any territories applicable to the Company)."


By Order of the Board
Masahide Saito
Chairman


Hong Kong, 16 August 2000


Registered Office: Principal Office in Hong Kong:

Clarendon House, Church Street 31/F, Shui On Centre

Hamilton HM 11 6 8 Harbour Road

Bermuda Wanchai, Hong Kong


Notes:

(i) A member of the Company entitled to attend and vote at the above Meeting (or at any adjournment thereof) is entitled to appoint a proxy to attend and vote instead of him. A proxy need not be a member of the Company.

(ii) In order to be valid, a form of proxy, together with the power of attorney (if any) or other authority (if any) under which it is signed or a notarially certified copy of that power of attorney or authority, must be deposited at the Company`s Hong Kong Branch Registrar, Central Registration Hong Kong Limited at Rooms 1712-1716, 17/F, Hopewell Centre, 183 Queen`s Road East, Hong Kong, not less than forty-eight hours before the time appointed for the holding of the Meeting.

(iii) The Registers of Members and Warrantholders of the Company will be closed from Monday, 25 September 2000 to Tuesday, 26 September 2000, during which period no transfer of Shares and Warrants will be effected and no Shares will be allotted and issued upon the exercise of the subscription rights attaching to the outstanding Warrants. In order to determine the identity of those members who are entitled to attend and vote at the Meeting, all completed transfer documents accompanied by the relevant share certificates and all subscription forms in relation to the exercise of Warrants issued by the Company to subscribe for Shares accompanied by the appropriate monies and the relevant warrant certificates must be lodged with the Company`s Hong Kong Branch Registrar, Central Registration Hong Kong Limited, at the above address for registration no later than 4:00 p.m. on Friday, 22 September 2000.

(iv) Concerning item 4 above, the Directors wish to state that they have no immediate plans to issue any new securities of the Company save for Shares that may be issued when any of the subscription rights attaching to the Warrants and any of the options granted under the share option scheme and/or any of the conversion rights attaching to the convertible note(s) (as the case may be) are being exercised. Approval is being sought from the members as a general mandate in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

* For identification purposes only

Quelle: SEHK

[polzinho]

@ j.c.: wie lässt sich wohl folgender artikel interpretieren...

(vollständig unter www.scmp.com abrufbar)

25 August, 2000
Economy chief shrugs off plunge
400 words
JAPAN: Yasumitsu Shigeta, president of Hikari Tsushin, which has lost 98 per cent of the value of its shares this year, says the cellular-phone retailer will give up investing in new-technology businesses. The company, which for several years invested in Internet-related start-ups and non-listed ...

[J.C.]

@polzinho,
Eine Rücknahme von IT-Beteiligungen - und dadurch eine Reduzierung des Risikos - ist für HT Jp in der gegenwärtigen Situation unbedingt nötig. Auch der Verkauf von Softbank usw. um die eigenen Finanzen in Ordnung zu bringen sehe ich positiv. Interessante Beteiligungen mit hohem Wachstumpotential (meiner Meinung höher als Softbank) hat man heuer in HTI Hk ausgelagert. Diese verkraftet wegen ihrer sonstigen Geschäftstätigkeit (Batterien, synth. Gummi, usw.) das Risiko leichter. So sieht man den Transfer der Beteiligungen von der Mutter zur Tochter (die diese sehr günstig erworben hat) in einem neuen Licht. Weiteres wird man ja nach der HV am 26. Sept. erfahren.
J.C.

[polzinho]

@ j.c.: woher hast du das datum der hv? die homepage von g.p. gibt ja nicht gerade viel her...

ist dir auf der anderen seite aufgefallen, dass unter http://www.hikaritsushin.com.hk/ seit einiger zeit infos über m$ft (?) abrufbar sind - bis vor kurzen war dieser url noch keine website zugewiesen. könnte hier die neue homepage von hikari int. entstehen? wäre auch zeit...

polzinho

[Soph2000]

@polzinho

das was man da unter www.hikaritsushin.com.hk/ findet ist ein frisch installierter IIS von Microsoft.. der ist nämlich teil des optionpacks für NT...

Es könnte also eine Homepage werden... sehr professionell sieht das ganze dann aber nicht aus...

[J.C.]

@polzinho,

die Mitteilung findest du in der SEHK/market news (ich habe sie auch am 17.8. in diesem thread gestellt - nachlesen).

J.C.

[polzinho]

(1) SELTSAM
geht man auf http://www.hikari.com.hk so gelangt man auf die webseite von netvigator.com

seineszeichens ein portal von pacific century cyberworks...


(2) WEBSITE
ich selbst glaube schon demnächst wird die website von hikari investment online gehen (endlich!). wird das einfluss auf den kurs haben?


(3) DAS WÄRE JA EIN DING
Hikari Tsushin International hat 24 % vom Internetfund investiert

Hikari Tsushin International Ltd., Hong Konger Arm der japanischen Hikari Tsushin hat heute bekannt gegeben, dass man sich hinsichtlich seiner Internetinvestitionen wie in einem Minenefeld voranbewege.
Man lasse sich viel Zeit und errichte langsam, dafür sicher, ein Netzwerk an online E- commerce, Portalen und Unterhaltungsservices.
Hikari Tsushin International hat Kapital in Höhe von 107 Mio $ zur Investition bereit gelegt. 25,6 Mio davon sind bereits investiert.

Masahide Saito, Chef von Hikari Tsushin Inc. sieht in der Entwicklung den Trend vom Verkäufer- zum Käufer - Markt. Während vor einiger Zeit jedes zu verkaufende Unternehmen noch sehnsüchtige Finanzangebote erhielt, müssen jetzt die Verkäufer bereits mit hartem Konkurrenzdruck rechnen. Es werden lange nicht mehr die alten Preise für Internetgesellschaften gezahlt.

Obgleich Hikari Tsushin International dieses Jahr mit 114,4 Mio $ Verlust mehr als doppelt so hohen Verlust ausweisen musste als im Vorjahr ( 46,4 Mio $) wird noch in diesem Jahr der Break- Even erwartet.

Viele von den Gesellschaften, die Hikari Tsushin International bisher erworben hat, machen bereits Gewinne.

Quelle: http://www.asiainternet.de


(4) DIE INVESTMENTS VON HIKARI HK
soweit mir bekannt - bitte um verfolständigung!

http://www.auction.co.kr/
http://www.chinaproducts.com/
http://www.8848.com/


(5) KONTAKT
ist eigentlich schon jemanden gelungen an eine mail adresse von hikari hk zu kommen? bei golden power mehrmals versucht - erfolglos!

[J.C.]

Hallo polzinho,

die dzt. noch aktuelle URL von HT (läuft alles noch über Japan):
http://www.hikaritsushin-capital.com/english/mainframe.html
und E-mail:
[e-mail] .

J.C.

[polzinho]

um verwechslungen vorzubeugen: hikari tsushin capital gehört zu hikari JP und hat mit "unserer" hikari tsushin invest. ltd HK im prinzip nichts zu tun. ausser eben, dass einige beteiligungen von dieser übernommen wurden.

in hikari HK sollen schliesslich die asiatischen internet-beteiligungen ex japan vereint werden.

hier noch eine meldung zu einer beteiligung von hikari HK:

+++

Digital Factory Co., Ltd.; Compaq Computer K.K.

"Internet Auction Listed on KOSDAQ..."
June 15, 2000

Internet Auction Co., Ltd. enjoyed the limit-high closing on the first day, June 15th when it was listed in KOSDAQ Market in Korea. Its shareholders consist of the President of KTB Network (51.3%), founders (13.2%), a Korean venture capital firm (4.4%), Hikari Tsushin Group (2.4%), and general investors (20%). The largest auction sale company in Korea; Internet Auction Co., Ltd. is said to have recorded 1,000,000 subscribers last month, which raised them above the break-even point. What makes Internet Auction Co., Ltd. different and advantageous from companies in the same field is that Internet Auction CO., Ltd`s revenue stream is not only based on advertisements but also on commission charges. In February 2000, 43% out of the total revenue came from advertisement fee, while 57% came from commission charges. Even though on June 7th they raised the auction commission charges from 1.5% to 3%, total transaction value has nevertheless risen to 600,000,000 won a day. The weakness of Internet Auction Co., Ltd. however, is that their advertisement expense is squeezing its financial structure. Last year Auction incurred 500,000,000 won of advertising expenses, and this year they have already spent 2,500,000,000. Having already risen above the break-even point, Internet Auction Co., Ltd. is not planning to advertise from the second half of this year.

By Shinya Nakayama, Investment Officer (Korea)

[J.C.]

nach meinen Informationen besitzt HT-Capital JP die Aktienmehrheit von HT HK.

J.C.

[polzinho]

da wollte ich aufklärung und sorgte selbst für verwirrung. richtig, hikari JAP hält eine hohe beteiligung an hikari HK - sind aber letztendlich eigenständige unternehmen, weswegen es doch verwunderlich ist, das hikari HK keine eigene homepage hat.

bin schon mal gespannt ob sich am 26. was tut!

[Indoflitzer]

Oh je, wenn ich mir mein einstens stolzes Asiendepot ansehe .....!!!
Auch aus dem einst stolzen Hyfligher"Golden Power - Hikari Int." ist eine lahme Dümpelente geworden von der noch nicht abzusehen ist, ob sie jemals aus dem trüben Wasser wieder an die Oberfläche auftaucht!
Habe im Depot auch noch "Hikari Tsushin WTS 4/02 - WKN 929993 -zu 0,09 bei einem Dev.Kurs von 6,8555.
Kann mir einer sagen um was exotisches es sich dabei handelt?
Unter der WKN kommt hier im Board nicht einmal was.
Stammt aus der seinerzeitigen Optionsaktion.
Indoflitzer

[polzinho]

richtig, sind die hikari optionen. werden aber bis dato nur in HK gehandelt - daher der devisenkurs.

[Indoflitzer]

An Polzinho,
Danke!
Was macht Dein Asien-Depot?
Hälst Du An Hikari Int. fest?
Kaufst Du gar nach?
Überlege mir derzeit einige Aktionen:
Favorisiere ja auch noch Pearl (900808)und kaufe da vielleicht noch nach.
Softbank scheint derzeit auch nicht schlecht zu sein - siehe http://www.em-research.de.
Oder Hikare Int.?
Aber eigentlich bin ich im Asienmarkt bisher total eingebrochen, ob das Thailand,Indien,Indonesien oder HK-Internetwerte sind und in letzteren bin ich sowieso alsolut übergewichtet.
Indoflitzer

[polzinho]

@ indoflitzer:

asien-depot: gehts mir wohl so wie fast allen - also ziemlich mies. v.a. die chinesen waren die volle enttäuschung 2000. dafür flogen erst kürzlich founder, stone, pccw und legend (letztere wenigstens mit gewinn >100%, aber auch nur aufgrund des sehr frühen einstiegszeitpunktes).

sonst halte ich noch die japanischen trans cosmos und trend micro. die haben den turnaround schon geschafft (sh chart).

hikari int. ist für mich halteposition. zum nachkaufen fehlen die news, zum verkaufen sind die zu billig. erstmals abwarten, wass bei der nächsten HV rauskommt und wann deren homepage endlich online geht-.

pearl: hab mich mit denen noch nie wirklich beschäftigt.

softbank: philosophische frage. die einen lieben sie, die anderen hassen sie. würde in jedem fall nicht dem kurs hinterherlaufen, wenn die mal steigen und das ganze auch nicht als long-term investment betrachten. gewinne von +/- 50% da sofort realisieren. klassische trading-position (imho).

deinem letzten satz kann ich voll beipflichten. halte übrigens aus asien noch shin und pine (letztere mit bestem chance/risiko verhältnis der genannten werte).

[polzinho]

was wurde eigentlich aus globo cabo bzw deinem interesse an südamerikanischen werten im allgemeinen?

[Indoflitzer]

Gammelt ebebfalls im Depot vor sich hin und wartet auf bessere Zeiten!

[navid172]

hallo leute
warum golden power bodenlos fählt?
um die antwort wäre dankbar.

[polzinho]

die umbenennung von golden power zu hikari tsushin international erfolgte am gipfel des erfolgsruns der japanischen muttergesellschaft hikari tsushin. in der euphorie stieg golden power über 600% an einem handelstag.

das ganze wäre wohl keine eintagsfliege geworden, wenn nicht hikari in japan liquiditätsprobleme bekommen hätte. so aber waren diese gezwungen ihre beteiligungen zu verkaufen und erstmals schluss mit der spekulation, hikari kann viel geld in die holding für ihre asiatischen beteiligungen ex japan pumpen.

der kursverfall war dann parallel zur muttergesellschaft. das managment in hongkong versucht heute allerdings immer seine unabhängigkeit von derselben zu beteuern. tatsächlich liese das chinesische aktienrecht eine mittelzufuhr eines ausländischen unternehmens an hikari hongkong erst 12 monate nach der erfolgten übernahme zu. es wäre also von vornherein nicht vor dez. 2001 mit einer japanischen finanzspritze zu rechnen gewesen.

aktuell befinden sich bereits einige beteiligungen an chinesischen bzw. koreanischen unternehmen im portfolio von hikari hongkong und die umfirmierung des ehemaligen batterie-herstellers in eine internet holding geht weiter (sh unten).

[polzinho]

heute übrigens +4% und morgen: hauptversammlung!

[navid172]

hallo polzinho
ich will mich noch ein mal für deine bemühung und sehr gute information bedanken
Danke tschüss

[polzinho]

@ navid172: thx!

in hongkong gabs nach der heutigen hv tolle news. nachbörslich, wohlgemerkt. deshalb sollte es morgen doch mal zur abwechslung nach oben gehen. aber bildet euch eure eigene meinung:

+++

17:32 26-SEP-2000
Hikari Tsushin (0603-HK) says 10 investment items in final review

Executive director of Hikari Tsushin International Limited, Masamori Suzuki said that the company has 20 investment projects under review and half of them are in the final accessment. They include projects related to wireless Internet and product distribution.
The group now holds approximately $650 million cash on hand.



(End)

+++

17:41 26-SEP-2000
Hikari Tsushin (0603-HK): parent may inject US$30m project

Executive director of Hikari Tsushin International Ltd Masamori Suzuki said that the group has invested US$27 million in 10 projects since March and one of them is considered a potential item for a separate public listing. The parent company Hikari Tsushin, Japan now plans to inject an investment project valued at US$30 million into Hikari Tsushin without any finalisation yet.

He said that Hikari Tsushin, Japan will be announcing a series of programmes in late October but he declined to give further details.
(End)

[J.C.]

INFO:

Hikari Tsushin investiert in Hongkonger Tochter



Hikari Tsushin plant weitere 3 Mill US-$ in seine Hongkonger Tochter Hikari Tsushin International zu investieren. Mit dem Geld soll die Entwicklung von fünf Investment-Projekten weiter vorangetrieben werden.

Momentan ist man in 20 Projekte involviert. Ziel ist es bis zu 40 Projekte zu haben. Die meisten davon kommen aus dem Bereich mobiles Internet und Breitband.

Hikari Tsushin hat 627 Mill HK-$ "cash on Hand" und hat bisher 27 Mill US-$ investiert.

Unabhängig davon wurde bekannt, dass Hikari Tsushin Ende Oktober eine Umorganisation des ganzen Geschäfts veröffentlichen wird.

Quelle: asiainternet

J.C.

[polzinho]

17:41 26-SEP-2000
Hikari Tsushin (0603-HK): parent may inject US$30m project

da haben die jungs bei asiainternet wohl eine "0" vergessen...

[polzinho]

+15%

http://www.finet.com.hk/

kürzel: 603

[J.C.]

Schlußkurs Hongkong + 12,96%
Eröffnung Berlin - 25%

...und nun?

J.C.

[polzinho]

kurs wird in hk gemacht - bei 0.03/0.04 € gibts eben nur schwankungen ihv 25 bzw 33%...

[J.C.]

INFO:

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
HIKARI TSUSHIN INTERNATIONAL LIMITED

(Incorporated in Bermuda with limited liability)
Announcement
Clarification on various articles appearing in certain newspapers on 27 September 2000 in respect of the possible transfer of US$30 million of Internet and telecommunication investments.
The directors of Hikari Tsushin International Limited (the “Company”) have noted several articles appearing in certain newspapers on 27 September 2000.
The directors of the Company wish to clarify that the Company has been considering various investment projects which may be offered to be transferred to the Company by its holding company, Hikari Tsushin, Inc. The acquisition cost paid by Hikari Tsushin, Inc. for these projects amounted to approximately US$30 million. However, the Company wishes to reiterate that the board of directors including its independent non-executive directors has the right to determine either to accept or to reject any offer for the transfer of investments by Hikari Tsushin, Inc. Further, no such determination has been made. Further announcements will be made as and when necessary in accordance with the Listing Rules of The Stock Exchange of Hong Kong Limited. The Board also refers to the announcement of the Company dated 27 March 2000, in which the Company mentioned that the same amount of investment projects was being considered by the Company.
Save as disclosed herein, the directors of the Company wish to state that there are presently no negotiation or agreement relating to any or any intended acquisitions or realizations by the Company which are discloseable under paragraph 3 of the Listing Agreement. Furthermore, the board of directors is not aware of any matter which is or may be of a price-sensitive nature and discloseable under the general obligation imposed by paragraph 2 of the Listing Agreement.
Shareholders, warrantholders and investors of the Company are urged to exercise extreme caution in the trading of securities of the Company.
By Order of the Board
Masanori Suzuki
Chairman
Hong Kong, 27 September 2000


J.C.

[J.C.]

Info:
09:03 28-SEP-2000
Hikari Tsushin (0603-HK) directorship changes

Hikari Tsushin International Limited said that Masahide Saito and Akiko Kato had retired as directors of the company at the annual general meeting of the company held on September 26.

With effect from September 27, Niro Akita and Junko Matsushita became appointed directors of the company.

Quelle: finet

J.C.

[J.C.]

Hikari Tsushin tritt Insolvenz-Gerüchten entgegen



Der Präsident von Hikari Tsushin, Yasumitsu Shigeta, trat heute Medienberichten aus Japan entgegen, wonach Hikari Tsushin kurz vor der Insolvenz stehe. Hikari hat nach Aussagen des Präsidenten momentan 372 Mill US-$ Cash, um die laufenden Geschäfte zu finanzieren und um Kredite zurückzuzahlen.

Die Hikari-Aktie hat seit ihrem Hoch von 241.000 Yen im Februar 98 % verloren. Heute notiert die Aktie 100 Yen tiefer bei 4.200 Y.
Die Umsätze aus dem Mobilfunkgeschäft gingen seither um 66 % zurück.



-js- 28.09.00 08:51:00

Quelle:asiainternet

Wird diese Mitteilung von HT Jp Auswirungen auf HT Hk haben? Und wenn ja, welche? Negative? Heute ist noch nichts davon zu merken +12,70%

J.C

[polzinho]

MeetChina.com Secures US$30Million Series C Round of Financing With Investments From Citicorp Capital Asia, First Data, MC Capital, One Motorola Ventures and the Stanley Works

BEIJING and SAN FRANCISCO, Aug 9, 2000 -- (PRNewswire) MeetChina.com, China`s leading eCommerce cross-border trade platform announced today the completion of a US$30 million Series C financing round lead by Citicorp Capital Asia. Other investors include Archipelago Group, Ayala Internet Venture Partners, the venture arm of the Ayala Group of the Philippines, Bessemer Trust, First Data Corp. (NYSE: FDC), Hikari Tsushin International Limited, MC Capital, a wholly owned subsidiary of Mitsubishi Corporation of Japan, One Motorola Ventures, The Stanley Works (NYSE: SWK), Thomas Vickers Investment Group (China Investors LLC) and Total Film Group.

(Photo: http://www.newscom.com/cgi-bin/prnh/20000725/CHINALOGO )

The funds will be used for the continued development of an innovative suite of online discovery, qualification, negotiation and settlement tools that allow efficient sourcing of goods from China and other emerging markets.

Mr. K.S. Butalia, Managing Director of Citicorp Capital Asia said, "The strong response from investors and their premium nature is a reflection of MeetChina.com`s management quality and sound business model in spite of difficult market conditions. The Company has the potential to make a difference to the way global trade is executed in future."

MeetChina.com is developing an online door-to-door solution for buyers around the world to procure products from China and other emerging markets -- taking advantage of the Internet to improve choice, reduce costs and speed up the cross border procurement cycle.

"The eCommerce environment is rapidly evolving and MeetChina.com has positioned itself at the forefront in providing the next generation of online services that will transform the way international trade and procurement is done over the Internet," said Len Cordiner, CEO of MeetChina. "This new investment will bring MeetChina closer to our goal of providing the discovery to delivery tools companies demand when sourcing goods from China."

Integrating the services of numerous other large global trade service organizations into the MeetChina site (services ranging from quality assurance to logistics, insurance and payments), MeetChina will provide a true "one-stop-shop" solution. The company is already integrating services form leading edge partners including SGS, Fritz, Panalpina, AIG, TradeCard, HSBC/Wells Fargo and Citibank to develop the trade solution.

Cordiner also emphasized the rapid growth in intra-Asian trade through MeetChina.com as well as an increase in volume from the U.S. "With partners such as Mitsubishi Corporation and the Ayala Group, we expect intra-Asian trade through MeetChina.com to grow rapidly," said Cordiner. "Trade within each country is both a unique and a complicated process, and hence in order to be able to provide a true end to end solution, extensive in-country expertise and reach is required."

"The MeetChina.com business model connects suppliers in emerging markets to small-to-medium sized buyers in more developed markets and facilitates transactions between the two parties," said Jonathan Madrid from Ayala Internet Venture Partners. "We see a tremendous opportunity for bringing the same kind of discovery-to-settlement online service to the Philippines."

To further explore the integration of MeetChina.com`s model in the Philippines, MeetChina.com and iAyala, the Internet holding company of the Ayala Corporation, signed a memorandum of understanding last month to study the formation of launching "MeetPhilippines.com."

Lehman Brothers and Merrill Lynch served as financial advisors to MeetChina.com in this financing.

About MeetChina.com

Founded in 1998 and co-developed with a division of the Ministry of Information Industry, China`s Internet regulator, MeetChina.com provides global purchasers the ability to reach Chinese suppliers directly. Building from a foundation of listing trade leads and information for Chinese companies, MeetChina.com has grown into one of China`s largest e-commerce firms, with 16 offices in China and the U. S with over 600 staff, and more than 70,000 listed manufacturers. Additional information is can be found on the company`s website: www.MeetChina.com.

About Archipelago.Net

A Global Entrepreneur and Venture Network, with David Hayden as Chairman. Hayden is also co-founder and Chairman of Critical Path Inc., the dominant global provider of business-to-business Internet messaging and collaboration solutions.

About Bessemer Trust

Bessemer Trust is a leading wealth management and investment advisory firm based in New York. The Global Technology Investment Fund is the proprietary global and technololgy fund used for private and public investments by Bessemer Trust.

About Citicorp Capital Asia

Citicorp Capital Asia Limited is the private equity investment arm of Citigroup in Asia. It is responsible for the investment of close to $0.5 billion worth of Citigroup`s proprietary funds in various industries covering 10 Asian countries. Additional information may be found at www.Citigroup.com.

About First Data

Atlanta-based First Data Corp. is a global leader in electronic commerce and payment services. Serving more than two million merchant locations, more than 1,400 card issuers and millions of consumers, First Data makes it easier, faster and more secure for people and businesses to buy goods and services, using virtually any form of payment: credit, debit, stored-value card or check at the point-of-sale, over the Internet or by money wire. For more information, please visit the company`s Web site at www.firstdata.com.

About iAyala Company, Inc.

Incorporated in January 2000, iAyala is the holding company for the Internet-related activities of the Ayala Corporation, the Philippines` largest conglomerate. iAyala envisions itself to be the catalyst that will enable the Ayala Group to penetrate the fast-growing wireless and Internet markets by seeking synergistic opportunities in the New Economy. iAyala is also pursuing B2B opportunities as a founding member of the Philippines` first MRO Exchange Consortium.

About Hikari Tsushin International Limited

Hikari Tsushin International Limited ("HTIL"), publicly-listed in HongKong, is an investment arm in Asia-pacific region for Hikari Tsushin, Inc. Hikari Tsushin, Inc., headquartered in Tokyo, is the leading information andtelecommunication service distributor in the Japanese cellular phone andinternet markets.

About MC Capital

MC Capital Inc., based in New York, is a wholly-owned subsidiary and merchant banking arm of Mitsubishi Corporation, engaging in private equity investments on the Americas in the area of early and later stage ventures as well as leveraged buyouts. Mitsubishi Corporation, headquartered in Tokyo, is one of the world`s largest general trading enterprises with more than 11,0000 professionals serving clients through a global network of more than 43 offices in Japan and 114 subsidiaries in 74 international locations.

About Motorola

Motorola, Inc. (NYSE: MOT) is a global leader in providing integratedcommunications solutions and embedded electronic solutions with salestotaling $33.1 billion in 1999. Additional company information can be foundat www.motorola.com. One Motorola Ventures (1MV) is the global, strategicventure capital investment arm of Motorola, Inc. 1MV actively invests at early stages in developing companies of strategic value to Motorola in orderto accelerate access to new technologies, new markets and new talent.

About Stanley Works

The Stanley Works, an S&P 500 company, is a worldwide supplier of tools, hardware and doors for professional, industrial and consumer use. The company reported sales of $2.8 billion in 1999 and employs approximately 17,000 people. Stanley`s world headquarters is located in the U.S., in New Britain, Connecticut; its Asia/Pacific headquarters is located in Singapore.

The Stanley Works corporate press releases are available on the company`s corporate web site at www.stanleyworks.com. Click on "Investor Relations" and then on "News Releases."

About Total Film Group

Total Film Group is a public entertainment company involved in the financingand production of feature motion pictures. Total`s most recent production, "Alma, Bride of the Wind" begins shooting on location in Vienna this month.The film, starring Sarah Wynter, Jonathan Pryce and Vincent Perez, is beingdirected by Academy Award winning director Bruce Beresford ("TenderMercies," "Driving Miss Daisy"). Beresford`s last film "Double Jeopardy," staring Ashley Judd and Tommy Lee Jones, grossed of $200 million. ((c) 2000 PRNewswire)

[Indoflitzer]

Kaufen oder nicht kaufen - das ist die Frage.
Zur Aufbesserung der Performance wär`s gut dieselbe Menge, die man früher auf hohem Niveau eingekauft hat nochmals zu diesem niedrigen Kurs zu ordern.
Aber: Überlebt H.Int. eine mögliche Insolvenz von H.Japan?
Haben die das Potential langfristig auf die Beine zu kommen?
Indoflitzer

[Indoflitzer]

Die Frage ist beantwortet: Kaufen wär`s gewesen!
Indoflitzer

[CaptainNoFuture]

Habe auch noch eine grössere Kauforder zu 0.03 stehen - wurde bis dato aber nicht ausgeführt.

Ich denke mit den angekündigten News sollten zumindestens 0.10 bis 0.20 noch dieses Jahr machbar sein. Mal sehen.

[J.C.]

INFO:

HIKARI TSUSHIN<0603>-Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Hikari Tsushin
International Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong
Limited.

We have noted the recent increases in the price and trading volume of the
shares of the Company and wish to state that we are not aware of any
reasons for such increases.

We also confirm that there are no negotiations or agreements relating to
intended acquisitions or realisations which are discloseable under
paragraph 3 of the Listing Agreement, neither is the Board aware of any
matter discloseable under the general obligation imposed by paragraph 2 of
the Listing Agreement, which is or may be of a price-sensitive nature.

Made by the order of the Board of Hikari Tsushin International Limited,
the directors of which individually and jointly accept responsibility for
the accuracy of this statement.

For and on behalf of
Hikari Tsushin International Limited

Takashi Tsujiguchi
Director

1 November 2000"

Quelle: SEHK

[J.C.]

INFO:

15:32 07-NOV-2000
Hikari Tsushin (0603-HK) shares in 15 pct surge in afternoon

Large buy orders appeared for Hikari Tsushin International, pushing its shares up 15 pct on turnover of $80 million.

The sudden and concentrated interest was unusual as high-tech counters have been undergoing a bad turn.

Analysts said its gain is probably linked to the rebound of parent company Hikari Tsushin in Japan, which rose a further 8 pct today.

Quelle: FINET

Heutige Kurse:
HTI (603) HKD 0,28/ +23,89%
HTI W0204 (607) HKD 0,033/ +50,77%

[polzinho]

optionen sogar um 50,77% hoch

15:55 07-NOV-2000
Softbank Investment (0648-HK) shoots up almost 50 pct

Technology stocks shot up in the afternoon session.

Among them, Softbank Investment International (Strategic) Limited was the top mover, jumping by 50 pct at one point.

It led other technology counters, such as Hikari Tsushin International Limited (0603-HK), ICG AsiaWorks Limited (0715-HK) and Culturecom Holdings Ltd (0343-HK), to show gains.



(End)

[J.C.]

INFO:

11:12 08-NOV-2000
Hikari Tsushin Int`l (0603-HK) in top-ten turnover list

Hikari Tsushin Int`l, fuelled by the gain of its parent group in the Japanese market, has been riding high in the morning session.

It now stands at $0.32, up $0.04 or 14 pct.

Trading of its shares was active, reaching $70 million in one hour after market opening ¡V the eighth place in the top turnover list so far.

Similar play Softbank (0648-HK) has also recorded a high turnover of $48 million.


(End)

Quelle: FINET

[J.C.]

neuer link zu HTI:

http://www.hikari-intl.com/home/

aber die einzige Info die man dort findet ist: This page is under construction!

J.C.

[polzinho]

naja, von 0,02 auf 0,05 sind ja immerhin 150%. das problem ist nur, dass hier wohl nur die wenigsten bei 0,02 eingestiegen sind.

but what shells, so lange der trend beibehalten werden kann. hauptgrund ist sicherlich die erholung der mutter in japan. aber die hat uns ja erst in die scheisse reingerissen.

bin schon gespannt auf die neue homepage - hab denen mal eine mail an die neue adresse geschickt.

stay long.

[polzinho]

ich glaube die starten wirklich durch - habe die mail um 23h abgeschickt und nach 2 stunden antwort vom vice president erhalten. bin ich gar nicht gewohnt, zuvor wars unmöglich über monate von denen antwort zu erhalten!


+++


Dear Mr. xxx,

Thank you for your e-mail. We appreciate your questions and the support
of Hikari
Tsushin International.

a) We plan to have our own homepage after the interim result
announcement scheduled in December 2000. The reason for this is because
there will be more information disclosed in the web site extracted from
the result.

b) We do not have a confirmed URL yet, but we will put it on the info
when it is ready.

c) That programme was referred to the announcement of the internal
restructuring of the parent company in Tokyo. The detail can be found in
Hikari Tsushin Inc.`s URL ( http://www.hikari.co.jp/
<http://www.hikari.co.jp/> ).

d) There are a few investments planned to go for IPO. Unfortunately,
under the poor market condition, the management of the respective
companies decided to delay the listing. In this respect, I believe IPO
will be administered as planned when time is right. Whether shareholder
of Hikari Tsushin International will be offered the right to subscribe
before listing is entirely the management decision of the respective
company. Though Hikari Tsushin International is an investor, we have no
say on such decision.

Thanks once again for your concern of the company. Looking forward to
your continue support of our company.

Sincerely yours,

Simon Lee
Senior Vice President
Hikari Tsushin International

-----Original Message-----
From: xxx
Sent: Wednesday, November 15, 2000 6:38 AM
To: info
Subject: Investors Request


Dear Mr, Dear Mrs,

I am an European shareholder of Hikari Tsushin Intl. who once started
investing allready in Golden Power years ago. Maybe you can answear me
some questions about your company:


a) When will the new homepage be launched?

b) Will the homepage be found under the URL http://www.hikari-intl.com/
<http://www.hikari-intl.com/> or http://www.hikaritsushin.com.hk/
<http://www.hikaritsushin.com.hk/> ?

c) In a company announcment from 26-09-2000 Hikari Tsushin Intl.
mentioned that there will be a "series of programmes" announced in late
October. As far as I know there where no such announcments made (
http://ww5.e-finet.com/cgi-bin/finetnews_e/index1.cgi?fileco…
<http://ww5.e-finet.com/cgi-bin/finetnews_e/index1.cgi?fileco…>
)

d) Will there be some IPO´s out of Hikari Tsushin Intl. investments in
the near future and is it planed to make special offers to Hikari
Tsushin Intl. shareholders to participate on this IPO´s.


Many thanks for your affords,

Regards,

xxx

[polzinho]

man beachte den volumsanstieg in den letzten 2-3 wochen (glatte ver-50-fachung zu den durchschnittlichen volumina davor)

http://210.176.154.31/cgi-bin/chart/daily.pl?stock=603

[Parich]

Hab mich nach langer Zeit mal wieder an meine Depotleiche
Gpi erinnert. Es scheint sich ja was zu tun?
Hab trotz der Verluste die ich bis jetzt erlitten habe
noch mal nachgefasst.
Das Vertrauen kehrt langsam wieder.
Auf das die guten Zeiten wieder anfangen.

Gruss Parich

[polzinho]

good news aus hk: hikari schreibt wieder schwarze zahlen

damit können voreilige schonmal ein kgv errechnen, auch wenns schwierig ist, da es sich um halbjahreszahlen handelt und im vorjahr nach tiefrote zahlen geschrieben wurde. ohne die (hoffentlich anhaltende) dynamik der entwicklung zu berücksichtigen ergibt sich folgendes kgv:

6-monatsgewinn per share: 0.14 cent = 0,0014 hkd

x 2 = 0,0028 hkd

/ 0,237 = 84

da es sich um einen turnaround-wert handelt, aber wie gesagt nur spielerrei...

---

18:35 01-DEC-2000
Hikari Tsushin (0603-HK) back to black

Hikari Tsushin International Ltd. posted a six-month profit to September at $6.35 million, compared with a loss of $15.10 million a year ago.

Turnover was $299 million. Earnings per share 0.14 cent. No final dividend declared.



(End)

[polzinho]

more news...

---

HONG KONG (AFX-ASIA) - Hikari Tsushin International Ltd said it issued
one bonus warrant for every five shares held and 932,748,404 warrants were
accordingly created on April 26.

In a statement, the company said each warrant gives the holder the right
to subscribe to one ordinary share in the company worth 0.025 hkd each at an
initial subscription price of 0.375 hkd per share.

As of end-September, 43,604 warrants have been exercised to subscribe to
the company`s shares and 932,704,800 warrants remained unexercised, the
company said.

---

HONG KONG (AFX-ASIA) - Hikari Tsushin International Ltd six months to September results:

Net profit - 6.35 mln hkd vs loss 15.09 mln

Sales - 298.89 mln hkd vs 270.79 mln

Opg profit - 10.28 mln hkd vs loss 12.33 mln

EPS - 0.14 cents vs loss per share 1.57

EPS diluted - 0.12 cents vs nil

Interim div - nil, unchanged

---

Hikari Tsushin International Limited announced on 1/12/2000:
(stock codes: Ord: 603 & War: 607)
Year end date: 31/7/2001
Currency: HKD (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/4/2000 from 1/4/1999
to 30/9/2000 to 30/9/1999
(`000) (`000)
Turnover : 298,891 270,799
Profit/(Loss) from Operations : 10,284 (12,331)
Finance cost : (3,488) (3,931)
Share of Profit/(Loss) of Associates : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 6,350 (15,098)
% Change over Last Period : N/A
EPS/(LPS)-Basic : 0.14 cent (1.57 cents)
-Diluted : 0.12 cent N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 6,350 (15,098)
Interim Dividend per Share : Nil Nil
(Specify if with other options) : N/A N/A
B/C Dates for Interim Dividend : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : Nil
B/C Dates for Other Distribution : N/A

Remarks:

1. EARNINGS/(LOSS) PER SHARE

The calculation of basic earnings/(loss) per share is based on the net
profit attributable to shareholders for the six months ended 30 September
2000 of HK$6,350,000 (1999: net loss attributable to shareholders of
HK$15,098,000) and on the weighted average during the current period of
4,663,772,458 (1999: 963,047,488) ordinary shares in issue, adjusted to
reflect the sub-division of shares during the current period.

The calculation of diluted earnings per share for the six months ended 30
September 2000 is based on the net profit attributable to shareholders of
HK$6,350,000 and the weighted average of 5,248,047,746 shares, being the
weighted average number of shares for the purposes of basic earnings per
share, adjusted by the effects of all dilutive potential ordinary shares
during the current period.

Reconciliation of the weighted average number of shares for the purposes
of the basic and diluted earnings per share for the six months ended 30
September 2000 is as follows:
Six months ended
30 September 2000
Weighted average number of ordinary shares
in issue during the current period in the
calculation of basic earnings per share 4,663,772,458

Weighted average number of ordinary shares:
- Assumed issued at no consideration on deemed
exercise of all the warrants outstanding
during the current period 169,075,288
- Assumed issued at no consideration on deemed
exercise of the convertible note in full
during the current period 415,200,000
-------------
Weighted average number of
ordinary shares for the purposes
of diluted earnings per share 5,248,047,746
=============

Diluted loss per share for the six months ended 30 September 1999 has not
been calculated as the warrants and options outstanding during that period
had an anti-dilutive effect on the basic loss per share for that period.

2. SUB-DIVISION OF SHARES

On 10 April 2000, the issued and unissued shares of HK$0.10 each of the
Company were sub-divided on the basis that every share was sub-divided
into four shares of HK$0.025 each. The calculation of basic earnings per
share for the six months ended 30 September 1999 has been adjusted
accordingly.

3. ISSUE OF BONUS WARRANTS

On 26 April 2000, the Company issued to its shareholders one bonus warrant
for every five shares held and 932,748,404 warrants were accordingly
created. Each warrant confers the holder upon the right to subscribe in
cash for one ordinary share of HK$0.025 each in the Company at an initial
subscription price of HK$0.375 per share, subject to adjustment, at any
time between 28 April 2000 and 27 April 2002. As at 30 September 2000,
43,604 warrants have been exercised to subscribe for the Company`s shares
and 932,704,800 warrants remained unexercised.

4. CHANGE OF FINANCIAL YEAR-END DATE

In order to comply with the accounting requirement of its ultimate holding
company, Hikari Tsushin, Inc, the Company changed its financial year-end
date from 31 March to 31 July commencing in the financial year 2001.
Accordingly, the Company will release another interim result announcement
for the six months ending 31 March 2001 on or before 30 June 2001.
Furthermore, the publication of the final result announcement for the
sixteen months from 1 April 2000 to 31 July 2001 will be made and the
respective annual report will be distributed on or before 30 November
2001.

5. NEWLY ADOPTED SSAP

In accordance with newly adopted SSAP No.1 "Presentation of Financial
Statements" and No.2 "Net Profit or Loss for the Period, Fundamental
Errors and Changes in Accounting Policies", certain comparative figures
have been reclassified and separately disclosed.

[CaptainNoFuture]

Hallo Leute, Hikari Hongkong performed Hikari Japan klar aus. Heute zB:

+2% Hikari Japan
+10% Hikari Hongkong

So gings schon die letzten Tage. Und kanns von mir aus noch länger gehen...

[polzinho]

Dear Mr. XXX,

Thanks for your e-mail again. The first version of the homepage has finished by the web hosting consultant. However, we think that some of our corporate culture need to be put in. It is now under revision for the second version. Besides, there is a long holiday of Chinese New Year this month. I believe the homepage will come out in one or two months.

Yours Sincerely,
Simon Lee
Senior Vice President
Hikari Tsushin International Ltd.

[polzinho]

16:32 16-JAN-2001
Hikari Tsushin (0603-HK) to be injected firms by parent

News update to come.
(End)

[polzinho]

da darf man gespannt sein auf den nächsten handelstag. sowohl bei hikari japan als auch hongkong...

+++

Hikari Tsushin Int`l (0603) to be injected Stareastnet &5 cpy

2001-01-16 16:38

(Infocast News) Hikari Tsushin International (0603) will be injected the stakes of six companies by the parent company Hikari Tsushin and such a transaction will create a net loss of 300 million yens for the accounts of the parent company.

The six companies include Stareastnet.com (8010), Sohu, Outblaze, 8848.net. Inc., @Network Inc. and TOeCom Inc.

[Mehe]

CN-Markets News




Related Quotes
0603 HIKARI TSUSHIN
0.208 0.008
8010 STAREASTNET.COM
1.180 0.030




17:24 16-JAN-2001
Hikari Tsushin (0603-HK) injected with 14.57 pct of stareastnet.com

Hikari Tsushin International Limited said that the company has been injected with six Asian projects by its parent and the items carry a combined value of about US$30 million.

The announced injection was comprised of:

(1) 14.57 pct in stareastnet.com (8010-HK) at a market capitalisation of US$13.427 billion;
(2) 14.5 pct in Outblaze at about US$6.503 million;
(3) 4.65 pct in 8848.net at about US$6.642 million;
(4) 0.95 pct in Sohu.com at about US$342,000;
(5) 9.7 pct in Network Inc at about US$914,000; and
(6) 2.18 pct in ToeCom Incorporated at about $457,000.

@polzinho

Wie bewertest Du das Ganze sowohl für die Tochter, als auch für die Mutter?

Mehe

[J.C.]

INFO:

Hikari Suspended Pending Connected Transaction (Update2)
Jan 16, 2001 - 15:52:41 HKT

Quamnet News Service

Hikari Tsushin International Ltd. (0603), the overseas arm of Japan`s Hikari Tsushin Inc., asked that its shares be suspended effective from 2:30 p.m. Hong Kong time pending a notice on a discloseable and connected transaction. It didn`t provide further details.

The company said in September last year that its parent company plans to tranfer US$30 million of assets to the Hong Kong-listed company to help it develop five of its investment projects.

Its shares were last traded at 20.8 HK cents, down 3.7 percent from yesterday. Turnover was HK$4.9 million.

J.C.

[J.C.]

Hikari Tsushin Int`l (0603) to be injected 6 cpy at US$30M

2001-01-16 18:03

(Infocast News) Hikari Tsushin International (0603) will be injected the stakes of six companies, including Stareastnet.com (8010), Sohu, Outblaze, 8848.net. Inc., @Network Inc. and ToeCom Inc., by the parent company Hikari Tsushin at a consideration of about US$30 million. Such a transaction will create a net loss of 300 million yens to the parent company for the first 6 months ended February, 2001.

Details are as follows:

149.4 million Stareastnet.com shares at a consideration of US$13.4 million representing $0.7466 each and a discount of 36.7% over the closing share price of $1.18 today;

1938 Outblaze shares at a consideration of US$6.5 million;

2.4 million 8848.net shares at a consideration of US$6.64 million;

337,000 Sohu shares at a consideration of US$342,000;

1.7 million @Network shares at a consideration of US$914,000;

406,500 ToeCom shares at a consideration of US$457,000.

Stareastnet.com, Outblaze and 8848.net are Hong Kong companies, Sohu is a PRC company listed on NASDAQ while @Network and ToeCom are US-funded companies.

[CFC-Fan]

Hikari Tsushin gibt Beteiligungen an Tochter ab



Der japanische Handyverkäufer und Internetinvestor Hikari Tsushin will die Beteiligung an sechs Unternehmen an die Hongkonger Einheit Hikari Tsushin International überführen. Aus diesem Grund wurde das Unternehmen auch heute vom Handel in Hongkong ausgesetzt.

Zu den sechs Firmen aus Amerika und Asien gehören Stareastnet.com, Outblaze, 8848.net, @Network, TOeCom und Sohu.com.

Durch diesen Transfer wird Hikari Tsushin einen Verlust von 3 Mrd Yen (25,2 Mill US-$) im ersten Halbjahr verbuchen.


www.asiainternet.de

[polzinho]

@ mehe: im prinzip für beide positiv, da ja hikari am hikari hk die mehrheit hält und von einem kursanstieg dort auch mittelbar profitieren würde. die auslagerung macht sinn, da die beteiligungen in china von hongkong aus besser gemanaged werden können als von tokio aus. natürlich wird fiskalisch auf den ersten blick die tochter mehr davon profitieren, da sie die beteiligungen ja praktisch "geschenkt" bekommt und sich so der wert des unternehmens steigert.

der zeitpunkt jänner für diese transaktion ist übrigens nicht zufällig, wie die alten "golden power" hasen hier bemerken werden. in hongkong gibt es nämlich eine sperrfrist von 12 monaten, in denen eine ausländische muttergesellschaft keine mittel in ihre chinesische tochter transferieren darf (habe ich unten im thread bzw im alten thread bereits öfters gepostet). zwar gingen schon zuvor beteiligungen von hikari japan an hikari hongkong, doch waren diese verschiebungen stets entgeltlich und daher nicht der 12-monats-sperre unterworfen. wenn man sich das beteiligungs-portfolio von hikari japan besorgen könnte, könnte man sich leicht ausmalen, ob noch mehr verschiebungen von beteiligungen nach hongkong ins haus stehen. hikari hongkong soll ja der träger für sämtliche internet-aktivitäten von hikari in asien ex japan werden.

kleine rechnung:
der innere wert von hikari hk stieg um rund 30 mill usd.
market cap: 970 mill hkd => 125 mill usd.

"logisch" wäre daher morgen ein anstieg ihv rund 25%. ein höherer anstieg, wenn man noch weitere transaktionen erwartet. ein kleinerer anstieg, wenn die transaktion bereits erwartet worden war.

morgen wissen wir mehr. die börse hat immer recht.

[J.C.]

HIKARI TSUSHIN INTERNATIONAL LIMITED

(Incorporated in Bermuda with limited liability)

DISCLOSEABLE AND CONNECTED TRANSACTION

PROPOSED ACQUISITION OF INTERESTS IN
SEVERAL COMPANIES ENGAGING IN INTERNET OR INTERNET-RELATED ACTIVITIES
AND RESUMPTION OF TRADING

On 16th January, 2001, the Company entered into the Agreement with HT, to purchase or procure its wholly-owned subsidiaries to purchase the Sale Shares (together with all rights attached, accrued or accruing thereto as at completion) from HT at an aggregate consideration of not more than US$30,000,000 subject to the other terms and conditions contained in the Agreement. A deposit of US$10,000,000 has been paid upon signing of the Agreement and the balance thereof will be satisfied in full by way of cash upon completion of the Acquisitions.

Completion of the Agreement is conditional upon the conditions set out below having been fulfilled or waived by the Company. The terms of the Agreement were arrived at after arm’s length negotiations between the parties thereto and are on normal commercial terms. Accordingly the Directors (including the Independent Non-executive Directors) considered that the Acquisitions are in line with the corporate strategies and development of the Company.

HT currently holds approximately 51 per cent. equity interest in the issued share capital of the Company and, in addition to such direct interest, is deemed to be interested in approximately 20 per cent. equity interest in the issued share capital of the Company. The Acquisitions constitute a discloseable and connected transaction for the Company under the Listing Rules. Accordingly, the Agreement requires the approval of the Independent Shareholders at the SGM.

At the request of the Company, trading of the Shares has been suspended since 2:30 p.m. on 16th January, 2001 pending the release of this announcement. Trading of the Shares will resume at 10:00 a.m. on 17th January, 2001.

THE AGREEMENT

Date

16th January, 2001

Parties
Vendor : HT

Purchaser : the Company will purchase or procure its wholly-owned subsidiaries to purchase the assets to be acquired under the Agreement

Assets to be acquired

(a) 149,400,000 ordinary shares of HK$0.10 each in Stareast representing approximately 14.57 per cent. of the entire issued share capital of Stareast;

(b) 1,938 ordinary shares of HK$1.00 each in Outblaze representing approximately 14.50 per cent. of the entire issued share capital of Outblaze;

(c) 2,439,024 series B preferred shares of US$0.01 each in 8848 representing approximately 14.65 per cent. of the entire issued share capital of 8848;

(d) 336,999 common shares of US$0.001 each in Sohu representing approximately 0.95 per cent. of the entire issued share capital of Sohu;

(e) 1,666,667 series B preferred shares of no par value in @Network representing approximately 9.70 per cent. of the entire issued share capital of @Network; and

(f) 406,506 series B preferred shares of US$0.0000333 each in TOeCom representing approximately 2.18% per cent. of the entire issued share capital of ToeCom.

Consideration

An aggregate consideration of a sum of not more than US$30,000,000 and the consideration payable by the Company to HT for the sale and purchase of:-

(a) the Stareast Shares is US$13,427,000 which may be adjusted upwards or downwards based on 75 per cent. of the Independent Valuation on such shares;

(b) the Outblaze Shares is US$6,503,000 which may be adjusted upwards or downwards based on 85 per cent. of the Independent Valuation on such shares;

(c) the 8848 Shares is US$6,642,000 which may be adjusted upwards or downwards based on 85 per cent. of the Independent Valuation on such shares;

(d) the Sohu Shares is US$342,000 which may be adjusted upwards or downwards based on 75 per cent. of the Independent Valuation on such shares;

(e) the @Network Shares is US$914,000 which may be adjusted upwards or downwards based on 85 per cent. of the Independent Valuation on such shares; and

(f) the TOeCom Shares is US$457,000 which may be adjusted upwards or downwards based on 85 per cent. of the Independent Valuation on such shares;

provided that if the aggregate of all the amounts calculated pursuant to (a) to (f) above exceeds US$30,000,000, each such amount shall be reduced on a pro rata basis, or on such other basis as may be agreed by the parties in writing, so that the aggregate consideration shall be US$30,000,000.

The amounts set out in (a) to (f) above (prior to the adjustments) are derived by the management of the Company with reference to:-

(i) with respect to the Stareast Shares and Sohu Shares, the market price of such listed shares; and

(ii) with respect to the Outblaze Shares, 8848 Shares, @Network Shares and ToeCom Shares, financials of listed companies engaging in businesses similar to those engaged by each of Outblaze, 8848, @Network and ToeCom.

The discounts on the Independent Valuation on the Stareast Shares and Sohu Shares are larger than those in respect of the Outblaze Shares, 8848 Shares, @Network Shares and ToeCom Shares on the basis that the formers are listed shares.

The consideration for the Sale Shares was agreed upon by the parties after arm’s length negotiations. A deposit of US$10,000,000 representing approximately 33% of the consideration (assuming that the aggregate consideration is in the sum of US$30,000,000) has been paid upon signing of the Agreement and the balance thereof will be paid in full by way of cash upon completion. Such deposit is refundable without interest if the conditions precedent of the Agreement are not fulfilled or waived on or before 16th March, 2001 or such later date as the parties may agree in writing from time to time.

Conditions of the Agreement

Completion of the Agreement is conditional upon the fulfilment or waiver by the Company of the following:

(i) the obtaining of a legal opinion by qualified lawyers in Japan on matters relating to, among others, the due and valid incorporation of HT and its authorisation to enter into the Agreement and the transactions contemplated thereby in a form reasonably satisfactory to the Company;

(ii) the obtaining of all requisite consent to or approval of the entering into by HT of the Agreement and the transactions contemplated thereby (other than those required in respect of the disposal by HT of the 63,000,000 ordinary shares in Stareast among the Stareast Shares which are still subject to the second six-month moratorium period of Stareast); and

(iii) the approval by the Independent Shareholders at a SGM of the entering into by the Company of the Agreement and the transactions contemplated thereby.

Completion of the Agreement

Completion of the Agreement will take place at two stages. The first stage of completion (whereby all the Sale Shares other than the 63,000,000 ordinary shares in Stareast among the Stareast Shares which are still subject to the second six-month moratorium period of Stareast will be transferred) will take place on a date falling on the third business day after the date on which all the conditions precedent of the Agreement are fulfilled or waived, on or before 16th March, 2001 or such later date as the parties may agree in writing from time to time. The second stage of completion (whereby the remaining 63,000,000 ordinary shares in Stareast among the Stareast Shares will be transferred) will take place on a date falling on the third business day after the earlier of (a) the date on which all requisite consents and approvals by the Stock Exchange and other relevant parties in respect of the disposal by HT of such remaining shares in Stareast have been obtained or (b) 31st May, 2001 or such later date as the parties may agree in writing from time to time.

THE UNDERTAKING

Pursuant to an undertaking issued by HT on 10th March, 2000 in favour of the Company, HT undertakes (among others) not to acquire further interests in companies engaged in Internet, Internet-related, mobile phone or mobile phone-related activities in the Asia Pacific region excluding Japan unless, subject to the consents of the investee companies, such opportunities have first been offered to the Company on terms no less favourable than those available to HT and which have been refused by the Company on the basis that the Company would only exercise the right of first refusal if so approved by the independent non-executive directors; such right of first refusal also covered any investment opportunities and/or investments made by HT during the period from 28th December, 1999 to 10th March, 2000.

In light of the above undertaking and the intention of HT and the Company that the Company may, as it sees fit, request HT to transfer to it or its wholly-owned subsidiaries those of HT’s interests in companies engaged in Internet, Internet-related, mobile phone or mobile phone-related activities in the Asia Pacific region excluding Japan, HT has offered to sell and transfer the Sale Shares to the Company at a price equal to the value to be determined by independent valuers as the market value of the Sale Shares at a discount as mentioned under the section headed “Consideration” above.

The Directors, including the Independent Non-executive Directors, reviewed and considered the Agreement and the terms thereof and resolved that it was in the interest of the Company and the Shareholders as a whole to enter into the same. The Acquisitions and the Agreement were approved at a board meeting of the Company held on 16th January, 2001.

INFORMATION ON STAREAST

Stareast was incorporated in the Cayman Islands in January, 2000 and its shares are listed on the Growth Enterprise Market of the Stock Exchange. The Stareast group of companies provide multimedia entertainment and life-style information to the Chinese community world-wide and produce and distribute original interactive programming through its network of vertically-integrated entertainment portals. The net losses of Stareast as disclosed in its audited consolidated accounts for the period from 18th February, 1999 to 31st March, 1999 and for the year ended 31st March, 2000 are approximately HK$197,000 and approximately HK$79,815,000 respectively.

INFORMATION ON OUTBLAZE

Outblaze was incorporated in Hong Kong in April, 1996 as Fortune Capital Holding Limited. It re-named itself to China Racing Industries Holdings Limited in June 1996 and to Outblaze Limited in December 1998.

Outblaze is in the business of development and provision of multi-lingual integrated internet community solutions for web sites which offer their own private label portal services. The net loss of Outblaze as disclosed in its audited accounts for the period from 23rd April, 1996 to 31st July, 1999 is approximately HK$7,068,000.

INFORMATION ON 8848

8848 was incorporated in the British Virgin Islands in June, 1999. It is a holding company with operating subsidiaries in Hong Kong and the PRC.

8848 provides an end-to-end B2B platform that enables sales channel management and supply chain management. 8848 also provides a marketplace for resellers to market their products. It sells simple e-commerce solution to many small and medium local businesses whereby they will host their products on the website and it also provides online payment and logistic services to these enterprises. The net loss of 8848 as disclosed in its audited consolidated accounts for the period from 21st June, 1999 to 31st December, 1999 is approximately US$3,878,000.

INFORMATION ON SOHU

Sohu was incorporated in Delaware, USA in August, 1996 as Internet Technologies China Incorporated and launched its original Web site, itc.com.cn, in January 1997. In February 1998, it re-launched its Web-site under sohu.com. In September 1999, Sohu re-named itself to Sohu.com Inc.. The shares of Sohu are listed on The Nasdaq Stock Market’s National Market.

Sohu is an Internet portal in the PRC which consists of sophisticated Chinese language Web navigational and search capabilities, twelve main content channels, Web-based communications and community services and a platform for e-commerce services. The net losses of Sohu as disclosed in its audited consolidated accounts for each of the two years ended 31st December, 1999 are approximately US$615,000 and approximately US$3,449,000 respectively.

INFORMATION ON @NETWORK

@Network was incorporated in California, USA in July, 1999. @Network is an Internet service provider operating in the Asia Pacific region.

INFORMATION ON TOECOM

TOeCom was incorporated in Delaware, USA in November, 1999. It is an application service provider providing Internet solutions to different kinds of enterprises in the PRC.

INFORMATION ON THE GROUP AND REASONS FOR THE ACQUISITIONS

The Group is principally engaged in investing in Internet, Internet-related, mobile phone and mobile phone-related activities, manufacturing and trading of batteries, silicone rubber products and electronic finished products and trading of electronic parts and components and has been actively looking for investment opportunities in the information technology industry.

Whereas none of Stareast, Outblaze, 8848, Sohu, @Network and TOeCom has achieved net profits in respect of the two financial years immediately before the Acquisitions (where applicable), the Board considers that they are companies of good quality from which the Group will be able to draw synergy with the other investments in the Group’s portfolio. In addition, the Board also notes that the consideration for the Acquisitions will be at a price lower than the value to be determined by independent valuers as the market value of the Sale Shares as mentioned under the section headed “Consideration” above and that the transaction takes place at a suitable timing for the Group’s corporate strategies and development.

It is expected that the Acquisitions will be funded by the Company’s internal resources.

Accordingly, the Directors consider that the Acquisitions are in line with the corporate strategies and development of the Group and are in the interest of the Company.

The terms of the Agreement were arrived at after arm’s length negotiations between the parties thereto and are on normal commercial terms.

GENERAL

At present, HT holds approximately 51 per cent. equity interest in the issued share capital of the Company and, in addition to such direct interest, is deemed to be interested in approximately 20 per cent. equity interest in the issued share capital of the Company. The Acquisitions constitute a discloseable and connected transaction for the Company under the Listing Rules. Accordingly, the Agreement and the transactions contemplated thereby are conditional upon, among other things, the approval of the Independent Shareholders at the SGM.

An independent board committee has been appointed by the Board for the purpose of considering the Agreement. An independent financial adviser will be appointed to advise the independent board committee in this regard.

A circular containing further details of the Acquisitions will be despatched to the Shareholders as soon as practicable.

At the request of the Company, trading of the Shares has been suspended since 2:30 p.m. on 16th January, 2001 pending the release of this announcement. Trading of the Shares will resume at 10:00 a.m. on 17th January, 2001.

In this announcement, the following expressions have the meanings set out below unless the context requires otherwise:

“Acquisitions” the acquisitions by the Company from HT of the Stareast Shares, the Outblaze Shares, the 8848 Shares, the Sohu Shares, the @Network Shares and the TOeCom Shares (together with all rights attached, accrued or accruing thereto as at completion)

“Agreement” the agreement dated 16th January, 2001 between HT and the Company in respect of the sale and puchase of the Sale Shares

“Board” board of Directors

“Company” Hikari Tsushin International Limited, a limited liability company incorporated in Bermuda, the shares of which are listed on the Stock Exchange

“Director(s)” the director(s) of the Company

“Group” the Company and its subsidiaries

“HK$” Hong Kong dollars

“Hong Kong” the Hong Kong Special Administrative Region of the PRC

“HT” Hikari Tsushin, Inc., a company incorporated in Japan and the shares of which are listed on the Tokyo Stock Exchange

“Independent independent non-executive Directors
Non-executive
Directors”

“Independent Shareholders (other than HT and its associates (as defined in the Listing Rules) who are prohibited from voting under
Shareholders” the Listing Rules)

“Independent valuation of the Sale Shares to be prepared by a firm of international valuation consultants who is an
Valuation” independent valuer prior to completion of the Agreement

“Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange

“Outblaze” Outblaze Limited, a company incorporated in Hong Kong

“Outblaze Shares” 1,938 ordinary shares of HK$1.00 each in Outblaze

“PRC” the People’s Republic of China

“Sale Shares” Stareast Shares, Outblaze Shares, 8848 Shares, Sohu Shares, @Network Shares and TOeCom Shares

“SGM” a special general meeting of the Company to be convened to approve, among other things, the Agreements and the transactions contemplated thereby (or any adjournment thereof)

“Shares” shares of HK$0.025 each in the capital of the Company

“Shareholders” holders of Shares

“Sohu” Sohu.com Inc., a company incorporated in Delaware, USA

“Sohu Shares” 336,999 common shares of US$0.001 each in Sohu

“Stareast” STAREASTnet.com Corporation, a company incorporated in the Cayman Islands

“Stareast Shares” 149,400,000 ordinary shares of HK$0.10 each in Stareast

“Stock Exchange” The Stock Exchange of Hong Kong Limited

“TOeCom” TOeCom Incorporated, a company incorporated in Delaware, USA

“TOeCom Shares” 406,506 series B preferred shares of US$0.0000333 each in TOeCom

“USA” the United States of America

“US$” United States dollars

“@Network” @Network, Inc., a company incorporated in California, USA

“@Network Shares” 1,666,667 series B preferred shares of no par value in @Network

“8848" 8848.net Incorporated, a company incorporated in the British Virgin Islands

“8848 Shares” 2,439,024 series B preferred shares of US$0.01 each in 8848

By Order of the Board
Hikari Tsushin International Limited
Masanori Suzuki
Chairman

Hong Kong, 16th January, 2001

* For identification purposes only.

Please also refer to the published version of this announcement in the i Mail dated 17/1/2001.


Quelle: HKE (vormals SEHK)

[Mehe]

Wenn die Börse immer recht hat, profitiert wohl die Mutter, oder wie erklärt Ihr Euch die 7% Verlust von Hikari Hk?

[Mehe]

Vielleicht liegt es auch an folgender Meldung von Wallstreet Online?


Nach einer positiven Eröffnung geht es für Hongkongs Börse nun abwärts. Dabei sind es wiederum die sogenannten Red-Chips, die den Markt nach unten ziehen. Der Hang-Seng-Index verliert 0,7% auf 15.255,7 Punkte. Der Red Chips fällt hingegen 3,2% auf 1.114 Punkte. Für den Wachstumsmarkt Gem geht es 1,2% auf 289,7 Punkte abwärts. Der Midcap 50 verliert ebenfalls 1,2%. Der H-Shares legt hingegen 0,1% auf 370,8 Punkte zu.

Red-Chips sind Hongkonger Unternehmen, die ihre Umsätze in China erzielen. Grund für deren schwache Performance ist die Ankündigung Chinas, scharf gegen illegale Kursmanipulationen vorzugehen. Dazu kommen Aussagen von Premier Zhu Rongji, der sich für eine ernsthafte Bestrafung von Korruption ausgesprochen hat und zudem fordert, schlecht gemanagte Unternehmen in Konkurs gehen zu lassen und deren Börsenlisting rückgängig zu machen. Während die Maßnahmen grundsätzlich zu begrüßen sind, da sie die Transparenz und Verlässlichkeit der Börse erhöhen, schüren sie jedoch bei vielen Investoren zunächst Ängste, dass deren Aktien durch entsprechende Untersuchungen betroffen sein könnten.

China Mobile verliert 1,1% auf 46,40HK$. Konkurrent China Unicom kann hingegen dennoch 2,2% auf 11,60HK$ zulegen. Dieser Aktie kommen Erwägungen des Unternehmens zu Gute, über den Verkauf eines Minderheitsanteils einen internationalen Partner ins Boot zu holen. Über eine solche Beteiligung würde das Unternehmen Kapital für Expansionen in China erhalten. Darüber hinaus könnte es von dem Know-how und der Erfahrung des Partners profitieren. Als Kandidaten für eine entsprechende strategische Partnerschaft werden NTT DoCoMo, Deutsche Telekom und AT&T Wireless gehandelt.

Weiter abwärts geht es an der Börse für Pacific Century CyberWorks (PCCW). Grund ist die Angst vor Verkäufen seitens des Großaktionärs Cable & Wireless. Bevor die Engländer im Februar aussteigen und den Kurs weiter drücken, wollen die anderen Anleger ausgestiegen sesin. Cable & Wireless hält aktuell 14,9% an PCCW. Ab Februar fällt die Verkaufssperre für 50% dieser Anteile weg. Die PCCW Aktie verliert 5,5% auf 3,875HK$.

Für wallstreet:online aus Kuala Lumpur, Malaysia. ------------------------------------------------------------

[polzinho]

morgen sind wir wieder ein stückchen schlauer. ausrede schlechte vorgaben gilt dann nämlich nicht...

[J.C.]

HIKARI TSUSHIN INTERNATIONAL LIMITED

(Incorporated in Bermuda with limited liability)

MODIFICATION OF EXISTING CONNECTED TRANSACTION WAIVERS

As announced by the Company on 7 July 2000, the financial year-end date of the Company has been changed from 31 March to 31 July commencing in year 2001. As a result, the Company has applied to the Stock Exchange for an approval to increase the relevant maximum limits on the monetary value of the Existing Waivers to cover a 16-month period from 1 April 2000 to 31 July 2001 on a pro-rata basis (the "Modification").

The Stock Exchange has confirmed its approval of the Modification on the conditions that (1) the Company shall issue an announcement to inform its shareholders and the investing public in relation to the Modification and (2) the Company shall provide a written certificate of shareholders` approval (which must be signed by a single shareholder who holds, or a closely allied group of shareholders who together hold, more than 50% of the issued shares of the Company) of the Modification if no shareholder would need to abstain from voting in case of a general meeting being held to approve the Modification.

So far as the Company is aware, no shareholder would be required to abstain from voting if a general meeting was to be held to approve the Modification. The controlling shareholder of the Company, Hikari Tsushin, Inc., holding approximately 51% of the issued share capital of the Company, has given its written approval of the Modification.

EXISTING WAIVERS

The Company has obtained the following conditional waivers (the "Existing Waivers") from the Stock Exchange on 25 February 1998, 5 November 1998, 8 July 1999 and 13 August 1999 respectively from strict compliance with the relevant connected transaction requirements as set out in the Listing Rules in respect of the following transactions (the "Connected Transactions") provided that the aggregate monetary values of the relevant transactions do not exceed the specified percentages in a financial year:

1. purchase by the Group from Jiangmen IE and Jiangmen JJJ of raw materials, including rechargeable batteries and zinc chloride batteries, in an aggregate amount of purchases not exceeding 10% of the audited consolidated purchases of the Group for each financial year as referred to in the announcement of the Company dated 3 February 1998 and the 1998 Circular;

2. purchase by Goldtium HK and/or Goldtium JM from the Group of raw materials, including zinc powder, electrolytic manganese dioxide, nickel plated steel coil, thermo shrinkable tack label (PVC), graphite, solid potassium hydroxide and current collecting rod, in an aggregate amount of purchases not exceeding 12% of the audited consolidated purchases of the Group for each financial year as referred to in the announcement of the Company dated 21 January 1998 and the 1998 Circular;

3. sale by Goldtium HK and/or Goldtium JM to the Group of finished battery products in an aggregate amount of sales not exceeding 25% of the audited consolidated turnover of the Group for each financial year as referred to in the announcement of the Company dated 21 January 1998 and 27 May 1999, the 1998 Circular and the 1999 Circular;

4. sale by Goldtium HK to Jiangmen IE of raw materials for production of alkaline batteries and zinc chloride batteries in an aggregate amount of sales not exceeding 5.49% of the annual turnover of the Group for each financial year as referred to in the announcement of the Company dated 27 May 1999 and the 1999 Circular;

5. sale by Jiangmen IE to Goldtium JM of raw materials for production of alkaline batteries and zinc chloride batteries in an aggregate amount of sales not exceeding 5.49% of the annual turnover of the Group for each financial year as referred to in the announcement of the Company dated 27 May 1999 and the 1999 Circular;

6. sale by Goldtium JM to Jiangmen IE of finished products of alkaline batteries and zinc chloride batteries in an aggregate amount of sales not exceeding 5.68% of the annual turnover of the Group for each financial year as referred to in the announcement of the Company dated 27 May 1999 and the 1999 Circular; and

7. sale by Jiangmen IE to Goldtium HK of finished products of alkaline batteries and zinc chloride batteries in an aggregate amount of sales not exceeding 5.68% of the annual turnover of the Group for each financial year as referred to in the announcement of the Company dated 27 May 1999 and the 1999 Circular.

MODIFICATION TO EXISTING WAIVERS

As announced by the Company on 7 July 2000, the financial year-end date of the Company has been changed from 31 March to 31 July commencing in year 2001. The Existing Waivers cover periods of one financial year, i.e. 12 months, and will not be appropriate as the Group`s next set of financial statements will cover a period of 16 months from 1 April 2000 to 31 July 2001 as a result of the change of financial year-end date. The Company has therefore applied to the Stock Exchange for an approval to increase the relevant maximum limits on the monetary value of the Existing Waivers to cover a 16-month period from 1 April 2000 to 31 July 2001 on a pro rata basis by applying the specified percentages over a 16-month period.

The Stock Exchange has confirmed its approval of the Modification on the conditions that (1) the Company shall issue an announcement in relation to the Modification and (2) the Company shall provide a written certificate of shareholders` approval (which must be signed by a single shareholder who holds, or a closely allied group of shareholders who together hold, more than 50% of the issued shares of the Company) of the Modification if no shareholder would need to abstain from voting in case of a general meeting being held to approve the Modification.

So far as the Company is aware, no shareholder would be required to abstain from voting if a general meeting is to be held to approve the Modification. The controlling shareholder of the Company, Hikari Tsushin, Inc., holding approximately 51% of the issued share capital of the Company, has given its written approval of the Modification.

RELATIONSHIP BETWEEN THE PARTIES

The following diagram illustrates the relationships between the connected parties and other companies in the Group involved in the Connected Transactions:



GENERAL

The Connected Transactions are and will be entered into in the ordinary course of business of the relevant parties on normal commercial terms and based on arm`s length negotiations. The Group will continue to abide by the conditions subject to which the Existing Waivers were granted save as modified by the Modification.

Apart from Jiangmen IE, Jiangmen JJJ, Goldtium HK and Goldtium JM, no directors, chief executives or substantial shareholders of the Company and/or its subsidiaries or any of their respective associates are interested in the Connected Transactions.

Information on the Group

The Group is principally engaged in investing in Internet, Internet-related, mobile phone and mobile phone-related activities, manufacturing and trading of batteries, silicone rubber products and electronic finished products and trading of electronic parts and components and has been actively looking for investment opportunities in the information technology industry.

DEFINITIONS

In this announcement, the following expressions have the meanings set out below unless the context requires otherwise:

"1998 Circular" the circular dated 10 February 1998 issued by the Company to its shareholders

"1999 Circular" the circular dated 25 June 1999 issued by the Company to its shareholders

"Company" Hikari Tsushin International Limited, a company incorporated in Bermuda and the shares of which are listed on the Stock Exchange

"Goldtium HK" Goldtium (Hong Kong) Company Limited

"Goldtium JM" Goldtium (Jiang Men) Battery Company Limited

"Group" the Company and its subsidiaries

"Jiangmen IE" Jiangmen Industrial Products Import and Export Corporation

"Jiangmen JJJ" Jiangmen J.J.J. Battery Company Limited

"Listing Rules" The Rules Governing the Listing of Securities on the Stock Exchange

"Share(s)" shares of HK$0.025 each in the capital of the Company

"Stock Exchange" The Stock Exchange of Hong Kong Limited

By Order of the Board
Masanori Suzuki
Chairman
Hong Kong, 17 January 2001

* For identification purposes only.

Please also refer to the published version of this announcement in the i Mail dated 18/1/2001.

Quelle: HKE

[polzinho]

+8% heute nach +4% gestern - ich gebe zu, ich hätte trotzdem mehr erwartet (wer hikari hk kennt weiss, dass die auch schon mal >30% an einem tag zulegen...)

[J.C.]

Hi polzinho,

heute habe ich eine Frage. Weißt du warum es für HTI an der Börse Berlin seit 16.01.keinen Kurs gibt und keine Taxen gestellt werden? Werden die aus dem Handel genommen?

J.C.

[polzinho]

soweit ich weiss wird in china im moment das "chinese new year" gefeiert, weshalb heute auch kein handel war. hier in deutschland findet heute schon handel statt, wenn auch dünne umsätze, da die vorgaben fehlen.

daher ist keiner bereit zu 0.03 zu verkaufen und (noch) keiner bereit zu 0.04 zu kaufen. sind ja immerhin 33% mit einem schlag. deshalb in berlin auch seit 16. kein kurs ermittelt. an den anderen handelsplätzen aber schon!

ich persönlich bin schon gespannt, wie die homepage von hikari hk aussehen wird (soll ja nach den feiertagen in china online gehen, sh mail weiter unten)

[J.C.]

@polzinho,

danke für die Auskunft!

J.C.

[polzinho]

@ j.c.: np

handel in HK übrigens erst wieder am montag, 29.01.01 - und dann könnte es ein feuerwerk zum chinese new year geben.

aktuell hikari japan: +18% (kurs von 10:21 a.m. japan. zeit)