CMGI + Pacific Century Cyberworks (PCCW) => CMGI Asia - 500 Beiträge pro Seite

[investor_007]

By: zen_warrior
Reply To: None Tuesday, 25 Jan 2000 at 1:57 AM EST
Post # of 60908


CyberWorks, CMGI to Form CMGI Asia, a 50-50 Internet Venture
http://quote.bloomberg.com/analytics/bquote.cgi?story_num=3a…

Hong Kong, Jan. 25 (Bloomberg) -- Pacific Century CyberWorks
Ltd., Asia`s largest Internet company outside Japan, is raising
HK$2.97 billion ($384 million) to fund an Internet venture with
CMGI Inc. of the U.S., according to BNP Paribas Peregrine
Securities.

CyberWorks will fund its side of the 50-50 venture by selling
new shares to its controlling shareholders, Pacific Century Group
and Pacific Century Regional Development, said BNP Prime
Peregrine, which is handling the sale. The two companies will
raise the money by first selling 188 million CyberWorks shares to
institutional investors at HK$15.80 each.

The venture, to be named CMGI Asia, will hold and manage
CMGI`s 18 investment units in the region. CyberWorks bought a 3.5
percent stake in CMGI in September through a $350 million share
swap. CMGI now owns 5.5 percent of the Hong Kong company.

More details are expected to be announced at a 3:45 p.m. news
conference in Hong Kong. CyberWorks Chairman Richard Li is
expected to attend the news conference.

Singapore-listed Pacific Century Regional Developments Ltd.,
which holds 49 percent of CyberWorks, asked that its shares be
suspended from trading from 2 p.m. ``pending an important price-
sensitive announcement`` by CyberWorks.

CyberWorks shares rose 0.6 percent to HK$16.65 in morning
trade. Pacific Century Regional Development surged 7.2 percent to
S$20.9. The stock rose 22 percent since last Thursday.

CyberWorks said last week it plans to buy a minority stake in
Tom.com, the Web portal owned by Cheung Kong (Holdings) Ltd. and
Hutchison Whampoa Ltd., and an announcement would be made in one
to two weeks` time.

[Cubitus]

Das sind ja echte Hammer-News. Mit fehlt allerdings so ein bischen das Verständnis dafür, warum jetzt immer noch ein paar Leute ihre CMGIs heute wegschmeissen. Wahrscheinlich aus Unkenntniss - egal - ich habe mir gerade noch welche zum traden gekauft.

[Zwergpirat]

Bitte mal ne schnelle Info.
Warum geht CMGI noch nicht hoch ? Zuschlagen für 110 ?

[LuniZ]

Weil der Director immernoch Aktien verkauft !!!!!


Kauft ruhig und finanziert diesen Verbrechern Ihren Ruhestand !!


CMGI bald unter 100 € !!!!

[investor_007]

Hi LuniZ,

ich kann Deine Verärgerung beim besten Willen
nicht verstehen. Wo liegt der Stein des Anstoßes?
Hast Du bei $160 auf Kredit gekauft und jetzt Angst
um Dein Geld?

CMGI ist auf die 50 Tage Linie zurückgekehrt, was
nach einer Verdreifachung innerhalb weniger Wochen
nur normal ist.


mfg
investor_007

[polzinho]

17:01 PCCW`s (1186) new JV "CMGI Asia" will coorperate with CMGI`s 18 cpy
(Infocast News) Pacific Century CyberWorks (1186) announced to coorperate with CMGI to form a joint venture called "CMGI Asia", each of them will hold 50% stakes. The JV mainly engaged in operation of Internet related business in Asia.

According to the agreement, CMGI Asia will bring in 18 companies of CMGI to develop in Asia, and CMGI Asia will coorperate with these 18 companies to develop projects separately. CMGI Asia will have not less than 60% stakes in the coorperation projects and the balance will be held by another side.

Those 18 companies which coorperate with CMGI Asia including AltaVista, Engage Technologies, iCast and 1 Click Charge, of which, AltaVista is a media and e-commerce company.


(25/01/00)


15:43 PCCW (1186) suspends this afternoon for JV formation & share placement
(Infocast News) Pacific Century CyberWorks (1186) (PCCW) suspended trading in the afternoon pending an announcement in relation to the formation of a joint venture and placement of shares. And accordingly, the following derivative warrants have also been suspended:--

Stock Code Stock Short Name
----------- ----------------
1890 BC-PCCWL@EC0011
1891 CS-PCCWL@EC0009
1892 RF-PCCWL*EC0011
1893 SG-PCCWL@EC0009
1894 DB-PCCWL*EC0011
1907 CS-PCCWL@EC0007
1913 MB-PCCWL@EC0007

The share price of PCCW is $16.65, up 10 cents or 0.6% before suspension.

(25/01/00)



15:43 PCCW (1186) placing shares for $2.97B
(Infocast News) According to a source, Pacific Century CyberWorks (1186) (PCCW) places 188 million new shares by top-up placement at$15.8 each for raising $2.97 billion. At the same time, if the subscription is satisfactory, the underwriter BNP Paribas Peregrine has options to request the major shareholders to issue 60 million more old shares which involves $948 million.

The proceed will be used for the investment into the join venture which formed with CMGI.

The share price of PCCW is $16.65. The placing price represents a discount of 5.1% to the price before suspension.

(25/01/00)



15:35 PCCW (1186) & CMGI form JV to invest in Internet
(Infocast News) A market source pointed out that Pacific Century CyberWorks (PCCW) (1186) will coorperate with CMGI, US company,to form a join venture in which each of them will hold 50% stakes. CMGI will inject its Internet projects in 18 Asian regions in the JV which will invest in Internet assets.

PCCW will hold a press conference this afternoon to unveil an acquisition of Internet assets.


(25/01/00)

[investor_007]

http://online.hkstandard.com/today/default.asp?PageType=bfr1

PCCW boosts cyber empire
By Irene Ip



CAPTION: Richard Li and Hans Hawrysz celebrate their latest venture, promising it will become an Asian-based world leader.

STORY: RICHARD Li Tzar-kai yesterday added another significant element to his cyber empire by striking a deal with the leading US Internet company CMGI to form CMGI Asia. The new company, with headquarters in Hong Kong, will be the vehicle for Richard Li`s technology flagship Pacific Century Cyberworks (PCCW) in bringing worldwide Internet brands to Asia.

By joining up with CMGI, which claims to be the largest Internet company controlling the most extensive global cyber network, Mr Li is collecting a new array of renowned international Internet brands under his umbrella.

``The joint venture is a landmark development for PCCW. . . which clearly underlines our position as a preferred Internet partner in Asia for global brands,`` Mr Li said.

Outside of Japan, PCCW is the largest Internet company in Asia, with market capital of US$19.4 billion (HK$151.3 billion).

Mr Li is still not sure PCCW`s present cyber coverage is sufficient, even though his company has invested in 20 Internet-related firms across the world, including a 23 per cent stake in the US broadband enabler SoftNet, along with others _ ranging from IP telephony to Internet conglomerates, online brokerage sites and a traditional Chinese medicine portal.

He wants to develop CMGI Asia into a fully vertical one-stop Internet services solutions provider catering for any single firm which wants to join the cyber world.

``Whether it is dot-com companies or traditional firms which want to change to become Internet-based, we want to see them being able to come to CMGI Asia and get a full service _ from beginning to end,`` said Mr Li, who added he was excited by the latest venture.

``And we would be able to enable companies or any start-ups whose Internet models right now are still relatively simple. With these new technologies we would be able to strengthen them to be higher-value entries toward more effective medium as well as e-commerce,`` he said.

In September last year, PCCW engaged in an US$350 million share swap with Nasdaq-listed CMGI.

Mr Li said the two companies were now ``actually doing something together`` with their strengths complementing the other`s shortcomings.

Mr Li said the joint venture would enhance the value of PCCW from the venture side as well as from the broadband side.

``It will produce immediate value for PCCW`s broadband service and we are probably the biggest client needing all this technology under the umbrella of CMGI,`` he said.

``It is exactly the same structure that Yahoo! and Yahoo! Japan have.

``It takes an existing service and then develops a different cultural version to fit into another geographical region,`` said Mr Li.

``Rather than just target one country as Yahoo! does, we will target all of Asia including Japan,`` he said.

CMGI executive vice-president Hans Hawrysz said he believed the partnership with PCCW would allow the company to expand in Asia and also increase the dominant position together with PCCW.

Mr Hawrysz said CMGI Asia aimed to reach a market valuation of US$28 billion in less than 21/2 years _ faster growth than Yahoo! Japan.

He claimed the vast Asian market was the only place the largest global Internet business could be built. As far as he was concerned yesterday`s deal made PCCW and CMGI the first truly global Internet companies.

CMGI Asia will eventually form joint ventures with CMGI`s 18 majority-owned subsidiaries, with 60 per cent of the venture held by CMGI Asia and the remaining 40 per cent by individual CMGI operating companies.

The first four companies to be brought to Asia under the agreement will be online network Altavista, multi-media entertainment company iCAST, Web payment service 1ClickCharge and Internet marketing solution provider Engage Technologies, which is Nasdaq-listed and which Mr Li ``is personally in love with``.

PCCW will fund its 50 per cent of the joint venture by selling US$384 million (HK$2.97 billion) worth of new shares to make sure the deal was adequately covered.

Mr Li said PCCW had completed the placement of 188 million shares at HK$15.8 each, or 5.1 per cent less than the stock`s quoted price before trading was suspended yesterday.

He hoped that within a year or two each of the 18 CMGI Asia companies would be listed, but did not say on which exchange.

[Dr.Stock]

und somit ist mein altes Kursziel von EUR 3,00 mehr als realistisch.
ggw. noch gute Einstiegskurse.

Gruß
Dr.