Listing of 82 Investment Enterprises of Far East Holding Group Co., Ltd., Showing a Strong Capital Market Performance
Far East Holding Group Co., Ltd. takes “Owner + Investment” as development strategy and aims to be a global investment management expert. We focus on the industries of smart energy, big health, big consumption, food and beverage, advanced manufacturing, industrial automation and TMT. The investment enterprises of Far East Holding Group Co., Ltd. showed a strong capital market performance in August 2016: Didi Taxi and Uber China achieved a strategic merger, 4 invested enterprises were listed, and the Company achieved a good semi-annual performance.
Strategic Merger of Didi Taxi and Uber China
On August 1, 2016, Didi Taxi announced that it had reached a strategic agreement with Uber Global that Didi Taxi would purchase the total assets such as brand, business and data of Uber China and operate in mainland China. After this merger, Didi Taxi and Uber Global will realize the mutual holdings. Uber Global will hold 5.89% of Didi Taxi shares, which equals to 17.7% of economic interests, and the rest of Chinese shareholders of Uber China will obtain 2.3% of economic interests in total. This merger will end the “price war” between Uber China and Didi Taxi and reach a win-win result. Far East Holding Group Co., Ltd. started to make investments in Uber Global in 2015, so after this merger, Far East Holding Group Co., Ltd. indirectly holds the Didi Taxi shares.
Listing of 4 Invested Enterprises
In August 2016, 3 enterprises (OPPLE Lighting (603515), Yunnan Chuangxin New Material Co., Ltd (002818), WonderTek Software (603189)) invested by Far East Holding Group Co., Ltd. realized IPO and 1 enterprise (Funhigh Film (839254)) was listed in the "New Three Board Stock", and they are .
OPPLE Lighting: Focusing on the value of light and feeling the charm of light. As the industry-leading manufacturer providing overall lighting solutions, OPPLE Lighting takes “Using light to create value” as mission and “Building a globalization enterprise of lighting and become a leader brand in Chinese lighting” as grand vision. It adheres to the innovation with the principle of people oriented. By virtue of abundant competitive advantage, leading research and development technology of lighting, accumulated rich professional experience and intimate and thoughtful all-round service, OPPLE Lighting devotes itself to the creation of green, harmonious and high quality light environment experience for customers in the new era of fast-changing LED lighting.
Yunnan Chuangxin New Material Co., Ltd.: Yunnan Chuangxin New Material Co., Ltd. was established in July 2001, and its main businesses include paper printing, production and sales of plastic film, liquid beverage packaging and deep processing of special paper. At present, it has become a supplier for large domestic enterprises related to cigarette production, food and beverage production, plastic package and printing.
WonderTek Software: Shanghai WonderTek Software Co., Ltd. is a new and high technology enterprise providing the telecommunication operators, broadcast and television media and banking and insurance companies with mobile internet and internet software products and services. It has been committed to independent research and development of core software and launches main products such as internet business operation management system, syncretic media asset management, video and audio processing system of multi-format protocol, client-side development technologies of all-platform coverage and digital marketing promotion. Based on such products, it also provides customized solutions and services according to the individual customers’ needs.
Funhigh Film: On August 31, 2016, Funhigh Film received listing consent from National Equities Exchange and Quotations (NEEQ). Then Funhigh Film was officially listed in "New Three Board Stock". Relying on the gradual perfection of operating system, strong financial strength, mature business ability and professional elites from home and abroad, Funhigh Film has rapidly grown to become the company with absolute competitiveness in film-television industry.
Achievement of a Good Semi-annual Performance
Far East Holding Group Co., Ltd. has repeatedly created good achievements in outward investment, leading to an outstanding result of overall investment. As of August 31, 2016, the total number of enterprises invested has reached to 329, among which 82 are listed (27 listed in "New Three Board Stock") in total, 1 is approved and waiting for issuing, and 22 are pre-announced.
As of August 31, 2016, A-share companies have released semiannual reports in succession, and the abovementioned 82 listed companies have developed well. For semi-annual net profit, 8 of them achieved a year-on-year growth of 50% -100%, 6 of them achieved a year-on-year growth of100% -200% and 6 of them achieved a year-on-year growth of more than 200%. Montnets Rongxin Technology Co., Ltd. and Western Region Gold Co., Ltd. obtained an year-on-year growth in net profit of more than 3 times.
