Neo Telemedia to venture into satellite communication services

    Updated: 2013-01-10 07:07

    By Oswald Chan(HK Edition)

      Print Mail Large Medium  Small 分享按鈕 0

    Neo Telemedia Ltd, the telecommunication products and services distributor listed on the Growth Enterprise Market, utilized HK$273 million to acquire the 100-percent stake of HCH Investments Ltd to venture into the satellite telecommunication operator business.

    Neo Telemedia will pay the purchase price by the following three segments: cash in the amount of HK$27.32 million; allotment and issuance of 119 million consideration shares at HK$0.72 each at an aggregate value of HK$85.68 million; and a convertible note issuance in the principal amount of HK$160 million. HCH Investments can choose to convert the note into Neo Telemedia shares at the conversion price of HK$2.5 per conversion share within a three-year period.

    Neo Telemedia estimated that the HCH investment can obtain an approximately 7.29 percent of the total enlarged capital if it chooses to convert all the conversion shares and after getting all the consideration shares.

    "The acquisition represents the company's first step to venture into the mainland telecommunication industry by obtaining the HCH Investments' satellite telecommunication license on the mainland and the satellite communication technology developed by HCH Investments," Neo Telemedia Chief Executive Officer Fred Zhang told a press conference on Wednesday.

    He said the acquisition of HCH Investments should make contributions to the company's net profits and cash flows by the end of this year as satellite communication services revenue would contribute more than 50 percent of the company's total income.

    Neo Telemedia will launch its own satellite into orbit in 2014 to capture the growing demand for satellite communication services. The operation of satellite communication services will attract more corporations, telecommunication operators and government units to become Neo Telemedia's clients.

    The company refused to disclose the exact investment amount for launching its own satellite. Currently, the total costs involved in any one satellite launch could be between $300 million and $400 million.

    Neo Telemedia's company secretary William Yuen did not rule out the company issuing more shares in other rounds of financing activities after the acquisition.

    The issue price for every consideration share at HK$0.72 per share represents a discount of 11 percent compared to the company's closing share price on Monday; while the conversion price of HK$2.5 per share for every conversion share represents a premium of 213 percent compared to Monday's share closing price.

    oswald@chinadailyhk.com

    (HK Edition 01/10/2013 page2)

    亚洲午夜国产精品无码老牛影视 | 一区二区三区无码高清| 精品欧洲AV无码一区二区男男| 人妻少妇乱子伦无码视频专区| 天堂资源中文最新版在线一区| 日韩精品无码一区二区中文字幕 | 最近2019年中文字幕6| 国模吧无码一区二区三区| 亚洲午夜无码久久久久| 日本中文字幕在线视频一区| 日韩成人无码中文字幕| 久久久久无码精品国产app| 亚洲精品无码久久一线| 亚洲乱码中文字幕手机在线 | 伊人久久无码精品中文字幕 | 最好看2019高清中文字幕| 免费无码午夜福利片69| AV无码精品一区二区三区| 无码精品人妻一区二区三区免费看 | 最好看最新的中文字幕免费| 中文字幕无码一区二区三区本日| 国产拍拍拍无码视频免费| 无码国产色欲XXXX视频| 亚洲av永久无码精品秋霞电影影院| 久久无码中文字幕东京热 | 亚洲Av永久无码精品三区在线| 中文字幕视频在线免费观看| 中文精品99久久国产| 无码乱肉视频免费大全合集| 一二三四在线播放免费观看中文版视频| 国产激情无码视频在线播放性色 | 精品人妻系列无码人妻免费视频 | 亚洲色偷拍区另类无码专区| 无码日韩精品一区二区免费 | 亚洲av无码精品网站| 亚洲精品无码鲁网中文电影| 亚洲AV无码成人精品区蜜桃| 亚洲av无码国产精品色午夜字幕 | 国产成人无码免费网站| 久久无码一区二区三区少妇| 亚洲Av无码乱码在线播放|