Published On: Thu, Nov 28th, 2013

News Stocks From China: Giant Interactive (NYSE:GA), Ctrip.com (NASDAQ:CTRP), Youku Tudou (NYSE:YOKU)

The leading China’s online game developer Giant Interactive Group Inc (ADR) (NYSE:GA) has newly got a suggestion from its chairman Yuzhu Shi as well as an affiliate of BaringPrivate Equity Asia (together called ‘consortium’) to purchase the firm for around $2.82B in cash.

Per the non-binding suggestion, the association has projected to purchase all of the shares for $11.75 a American Depositary Share (ADS) (each ADS representing one ordinary share of the firm). The contract will be financed by means of a combination of debt as well as equity capital. Because of Nov 25, the consortium owned around 47.2 percent of the firm’s shares.

Giant Interactive is presently appraising the preliminary propose and is undertaking a fair process to appraise the suggestion and negotiate terms to provide maximum value to its shareholders.

Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) declared that it will host Macquarie China Internet, Media and Technology Conference. The shares reported the gain of +1.30% and closed at $47.37 with the total traded volume of 2.19 million shares. Its price to sales ratio ended at 8.06 and its price to cash per share was $6.31. Its market capitalization is $6.15 billion. The stock owned by the Financial Institutions was 92.60% while by insiders was 13.92%.

Analysts at HSBC Securities reaffirmed “Neutral → Overweight” rating on Youku Tudou Inc (ADR) (NYSE:YOKU)’s stock in a recent report. Shares reported that the increase of +7.30% to close at $5.44 with the overall traded volume of 436.27M shares. Its market capitalization was $5.06 billion. Its debt to equity ratio was 0.001. Its beta value stands on flat and return on equity was -5.80%. Aglient Technology has the total of 165.57 million outstanding shares as compares to 141.61 million shares that were floated in the market.

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