|
|
楼主 |
发表于 2007-9-19 12:59
|
显示全部楼层
[19-Sep-07][Korea Times]Rain’s Investment in Kosdaq Firm Spurs Skepticism
South Korean pop idol Rain became a major shareholder of a Kosdaq-listed wireless telecom equipment maker and plans to turn the loss-making company into an entertainment firm.
He said in a statement to the Kosdaq market that he will invest 3.5 billion won to acquire 880,408 shares of Satec.
Shares of the company have been suspended since July 27 due to capital erosion.
The firm is issuing 5.68 million new shares at 4,050 won per share. It will raise 23 billion won by issuing the shares to third parties, including the pop star.
Rain will become the second biggest shareholder of the wireless device parts maker after Softbank Corporate Restructuring Company Fund, which will purchase 4.3 million shares.
Since the fund is acting out as a financial investor, the virtual management control of the company will be in the hands of Rain. He pledged to turn the firm into a total IT and entertainment group.
Following the news of the singer's Kosdaq engagement, StarM Entertainment and Intelligent Telecom, which will also buy the shares of Satec, performed strongly.
StarM closed at its daily limit-high of 1,840 won, rising 15 percent, and Intelligent Telecom also closed up 15 percent at 2,115 won.
However, analysts were skeptical about the growth potential of Satec following Rain's investment. They said that such themes involving high-profile celebrities influencing the stock market have long gone with the wind.
``Those days are gone when popular entertainers boomed the stock market from 2005 to early 2006,'' said Hwang Sung-jin, an analyst of SK Securities. ``Most entertainment firms are not doing so well both fundamentally and profitably. Celebrity stocks are no longer interesting to investors, and I doubt they will continue their investments in such stocks.''
Analysts believe Rain is the ``last bus'' for a very few investors to hop on for a short ride, given Satec's poor balance sheet and that there haven't been any good examples of healthy corporations run by entertainers.
Entertainment firm Key East, controlled by popular actor Bae Yong-joon, is performing poorly due to weak fundamentals. It recorded 2.4 billion won in net losses in the first half of the year. Bae stars in a recently launched hit TV drama, ``The Four Guardian Gods of the King.''
Bae invested 9 billion won in Autowin Tech, a Kosdaq-listed system integration firm through its third party allotment early last year, taking over management and changing it to a cultural contents company, Key East.
Bae's investment back then, when most entertainers chose to go public through back-door listings, resembles Rain's interest in Satec.
Rain said he chose to invest in the small and unknown company on the Kosdaq market, which lacked soundness, to prevent the possibility of hurting investors on celebrity investment that usually affects the fluctuation of stock prices.
The lock-up period for Rain's shares is set at two years.
By Park Hyong-ki
Staff Reporter
phk@koreatimes.co.kr
Source: The Korea Times
Credit: stevenyeo86@MJJH and dsl99a @ rain-USA |
|
发表于 2007-9-18 17:43
）。據知，該公司共發行568萬股，而Rain則以約36億韓圜(約3千萬港元)購入88萬股，成為KOSDAQ企業重組後的第二大股東，實際經營權亦將歸Rain所有。他亦決定將公司由從事生產手機配件轉變為娛樂公司。有消息人士表示，企業將致力把韓國媒體文化內容推至國際，未來主力是媒體產品的製作、演出及運行。 ■文：龜子