2017-投资界电子周刊No0554-英文版_12页_498kb

报告摘要

PEdaily E-Magazine Issue No. 554 Summary

Core Content

PEdaily E-Magazine, formerly known as Zero2ipo e-Weekly, is a weekly publication targeting professionals in the private equity (PE) and venture capital (VC) industries. It provides timely, accurate, and in-depth market reports, including investment and financing news, industry data, expert insights, and personality profiles. The magazine is hosted on Pedaily.cn, which leverages its extensive investor network and over 10 years of research resources from the Zero2IPO Group to build a professional platform with rich data and analysis.

Main Views and Key Information

1. Mutual Funds Approved for PE Investment

The China Securities Regulatory Commission (CSRC) revised the "Trial Measures for Fund Management Companies to Provide Asset Management Services for Specific Clients" on September 26, 2012, effective from November 1, 2012.
Article 9 of the revised Measures allows funds to invest in "equities, bonds and other property rights not transferred through stock exchanges".
This change enables mutual funds to expand their investment scope into the equity investment field.
Fund management companies are required to establish special subsidiaries to manage these special asset management plans.

2. SCGC Invests in Yang Liping's Company

SCGC (Shenzhen Capital Group) recently completed an investment in Yunnan Yang Liping Culture Communication Co., Ltd.
The investment aims to support the company's listing within 3 to 5 years.
Yang Liping's company emphasized that content creation and production are its core assets.
The company will use the investment to enhance its brand and facilitate its growth and listing.

3. Forbes Energy Group Invests in Shale Gas Development

Forbes Energy Group (FEG) invested between US$300M and US$500M in a shale gas exploration fund in Chongqing.
The fund will be used to develop a wholly foreign-owned manufacturing industry for shale gas exploration and production in Liangjiang New Area.
This investment highlights the growing interest in shale gas development in China, leveraging imported core technology.

4. Bale.cn Receives Joint Investment from Harmony Capital and TCL

On October 15, 2012, new media content provider Bale.cn received a joint investment of over RMB30M from Harmony Capital and TCL.
The company's valuation reached RMB200M, making it one of the largest new media and mobile media content providers in China.
The investment will support Bale.cn's expansion into new media content, new business development, and talent recruitment.

5. YY Files IPO Application with SEC

YY, formerly known as Huanju, submitted an IPO application to the SEC on October 15, 2012.
The company, which is the parent of Duowan.com, plans to raise about $100M.
This marks a significant step in the company's growth and expansion into the public market.

6. Sinopec to Buy European Vesta Terminals

Sinopec Kantons, an oil operator under Sinopec, announced it would purchase a 50% stake in European Vesta Terminals for Euro128.6M.
Vesta Terminals operates three storage terminals in Europe, with a total warehouse capacity of about 1.6 million cubic meters.
This is the first time a Chinese state-owned oil company has made a purchase in Europe.

7. Softbank Purchases 70% Share of Sprint

Softbank and Sprint reached an agreement where Softbank will purchase a 70% stake in Sprint for US$20B.
The deal includes purchasing US$8B worth of shares at US$5.25 per share and US$12B worth from existing shareholders at US$7.30 per share.
The transaction does not require shareholder approval, indicating a streamlined process.

8. Citic Securities Launches First Buyout Fund

Citic Securities plans to launch its first buyout fund with an amount of RMB5B to RMB10B.
The fund will target M&A deals and raise capital from institutional investors.
80% of the fund's capital will be deployed upon launch, as there are numerous projects in the pipeline.