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The following article was published in our article directory on April 12, 2011.
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Telecommunications e-commerce fight again in the capital market

Article Category: Business

Author Name: xia zihui

April 6, pulse communication Co., LTD. Zhou wei (" pulse) released in suspension announcement, called "stock China telecom (micro Po) group company is planning and the company relevant major matters".

"Communication industry news (nets) reporter that announcement multilateral visits the so-called" significant issues "and last year the industry preached number knowledgeable person (100) will split the title listed are closely related. According to the group, people said, hundreds of China telecom related already scheduled for June will be under no such business travel booking 100 listed, and the stripping of asset injection pulse wei.
Twice in pulse wei failure, let investors in the restructuring of China telecom assets injected hundreds more no expectations. And for China telecom is concerned, borrow in the shell, pulse wei is listed, 100 to a comprehensive information service provider, the transformation of the important step.

Stripping travel business
According to reporter understanding, due to its business, 100 numerous, some in the red state, some still in cultivating, so China telecom decided the high-quality assets first business booking business stripping listed.

It is reported, group number 100 already in January 1, 100 business was founded electronic commerce Co., LTD. Shanghai administration web site showed that the company's legal representative, general manager for group still wang 100, with a registered capital of 100 million yuan. Moreover according to relevant personage revealed that China telecom, 100 of the travel booking provinces asset classes, has also stripping finished, waiting for listing.

Group # 100 relevant personage says, the reason for the company is established in June of this year, 100, because "prepare listed on the most profitable business booking business now.

Figures, China telecom 2010 comprehensive information application service income 155.19 billion yuan, a 126.59 billion yuan in 2009, and travel booking increased 22.6%, business is in its various business hundreds of large profits. China telecom general manager wang xiaochu in 2010 work report, put forward to further advance, hundreds of mechanism system innovation, especially to do bigger and stronger e-commerce.
Listed as China telecom rationalizing system, the only big e-commerce.

Borrow shell in pulse wei
Recently, capital market has been rumor China telecom will inject number of pulse wei to 100 asset starting in third restructuring, cause pulse wei stock successive harden. Group # 100 relevant personage to reporter confirmed that.

Originally in China satcom's pulse wei holdings subsidiaries. In October 2009, China satcom will hold shares in free transfer to pulse wei China telecom. China telecom, then capturing responded with a reorganization of the brewing in pulse wei has been losing money.

2009 November 17, pulse disclosure of wei, proposed reorganization preplan sold to China telecom with digital trunking, integrated telecommunications sales and other related assets and business, and purchase their holdings of tong kenmogi hotel holdings limited 100% stake. The programme was CSRC veto. Soon after to be defined in pulse wei, decided to rev restructuring.

July 24, 2010, released in pulse wei supplements, improves the original restructuring plan bill. With China telecom in pulse wei industry center in the supplementary agreement, contract signed by the China telecom industry upon delivery center cash to pulse compensation of one-time 1558.9 yuan zhou. Meanwhile, pulse also announced in the wei after completion of the material assets reorganization, temporary don't carry out land resource integration and real estate business, and including number knowledgeable person, business business hotel information in business become the pulse and China telecom zhou cooperative content.

But on December 7, 2010, made the announcement said in pulse wei the restructuring plan from company to modify failed to finish, China telecom notice reorganization of the termination. In pulse wei year-long twice over. Recombinant temporary
This time, the third time in pulse wei will soon begin restructuring unfolds. By China telecom in experienced concerned, property reorganization mode + of hotel after vetoed to inject quality in pulse wei many-faceted&systematize with 100 assets are no more responsible attitude to shareholders, but also its transformation of a comprehensive information service provider masterstroke is.

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