Dahua Closes State-Owned China Mobile $740 Million Stock Deal
Two years after a deal was announced, Dahua has successfully sold $740 million in new stock to state-owned enterprise China Mobile, sending its stock price soaring.
The deal was originally made public in March 2021 and has been "pending customary regulatory approvals" ever since, according to Dahua.
Related items on Dahua and the PRC government:
- Dahua and PRC China's Military
- Dahua Struggling To Get Paid For PRC China Government Deals
- Dahua Operates China Police Surveillance
- Dahua CEO Is Communist Party Secretary, Declares "Always Follow The Party"
- Dahua Celebrates PRC 70th Wearing Communist Party Hammer and Sickle
- Dahua Holds Xi Jinping Study Session
In this note, IPVM examines this news and its impact.
China ****** **********
***** ******** *****'* ******* ******* ********, **** almost * ********************* ***** $*** ********* *********** ****. ** **** ***** ** is ******* ** * ***** ***** in *** ** **** **&* ** Verizon, *******, ** ********* ********** ** that ***** ******** *****-******** **** * ***** ***** ************ integrator*** ********** ********.
FCC *******
**** ***** *** ***** ****** *** are ** *** **** ***-******* ****. China ******'* ** ********** ******** ** *** *** ****** ***** **** **** *** ********** control *** ******** ******** ********.
Dahua ******** $**** *** *****-****** ******
***** ****** *** ********* ~$*** ******* USD ** ***** ****** ***** ******, according ** ****** ** ************** *****'* *********** *** *** ****,****** **********:
** ** **:** ** ***** **, 2023, ****** ********** *** ******** * total ************ ******* ** *** *,***,***,***.** from ***** ****** ************** ***** **., Ltd.
截至 **** 年 * 月 ** 日 ** 时止,国信证券已收到大华股份向 特定对象发行股票认购对象中国移动通信集团有限公司(以下简称“中国移动”) 缴纳的认购款合计人民币 *,***,***,***.** 元
****** ********** ****** **** ** ***** help ***** *** *****-******* ***** ****** to ***** ****** "** **** ** possible".
Dahua ********** *****
** *** **** ****, **** ***** Dahua *** ******* ** ***** ******* R&D *** ************* ******** ** *** PRC, ** ********* ** ***** **-** of ********* ********** ******:
- *** ***** ********* *&* ****** 大华股份西南研发中心新建项目 ($145m)
- ******* "***** *** ******** *&* *** industrialization ********" 智慧物联解决方案研发及产业化项目 ($****)
- *** **'** *&* ****** 西安研发中心建设项目 ($****)
- *** ******** ***** ************* **** - Phase * 杭州智能制造基地二期建设项目($****)
**** *******, **** ** * ******** development *** *****, ***** *** ********* compared ** ********* *** ** *** relative **** ** *** ********** ******* e.g.***** ********** ** *** **** *** PRC ***** ********** *****. **** ***** ***** ******* ****** help *** ******* *** **** *** government ******** ** ***** ****** ** a ***** ***** **** ********** ** the ***.
China ****** **** *** *.**% ** *****, ****** ********
**********, ***** ************ ***** ***** *.* ******* *** (~$850m) ** *** **** ***** ****** 10.42% ** *****. *******, ******** ********* ***** ****** ** ****** *.* billion (~$****) *** **** **** ** 8.81% ** *****.
*** ***** *** ***** *** ****** the ****, *.*. ***** ** * 20% ******** **** *****'* ******* ***** price ** ***** ****. *** ***** price *** ***** *** ******** ******* from **.** *** ** **.** ***, which ****** ********** ********** ** *****'* profit *******.
Fell ** ****
*****'* ***** ***** ******* **** **** 50%, ******** ** **** **** *** not ******** ** ******* ***** *** last *** ******.
Stock *****
** ***** ** (******), *** *** the ****** ********** ********** *** ********, Dahua's ***** ****** **%, *** ***** limit ** *** ******** ***** ********:
*** ***** ********* ******* ** ***** 3 (******) **** *%:
****, *****'* ***** *** ****** ******* over *** **** * ******, ****** it * ******* ****** *** ** ~$10 *******, ***** ** **** ****** highs, ****** ***** **** **** **** achieved **** **** * ***** ***. In ********, ********* ** ** **** 23% **** *** **** **** ****** and ***** *** **** **% **** its ****.
********
** *** ********, **** ***** *****'* attempts ** ******** ****** **** *** PRC **********, ** *** ***** ******* is *** *********. ***** ************* ********** "** * ******** ***********, ***** Mobile **** *** **** *********** ******* over ***** ********** ** ***** ********* over *** ******** ******".
Dahua ********
***** **** ** ***** ******* * response ** ***** * *** ** will ****** **** ******* **** *******. UPDATE: ***** ********* **** *** ***** statement, ******* **** "***** ****** **** not **** *********** ******* **** ***** Technology ** ***** *********":
** ** ********** *********, ** ***** 2021 ***** ****** ********* * ******* to ****** ** ***** **********. ********* regulatory ********* *** ***** ******* **************, that ******* ** ***** ****** *****. Once *** ******* ** *********, ***** Mobile **** ****** ************* *.** ******* of *****’* ******.
**** ********** **** *** ****** ***** Technology’s ****** ** * *******-****** *** publicly ****** *******.As * ******** *********** ******* ****** *****, ***** ****** **** *** **** *********** ******* **** ***** ********** ** ***** ********* **** *** ********-******. [emphasis indeed]
******, *** ******* ** *** ***% finished ***; ***** *****'* *********** ****** Securities *** ******** ***** ******'* *****, Dahua *** *** *** ****** *** new ****** ** ***** ******, ***** Guosen **** ***** ****** "** **** as ********".
******: ***** ********* **** *** ***** statement, ******* **** "***** ****** **** *** **** *********** control **** ***** ********** ** ***** influence":
** ** ********** *********, ** ***** 2021 ***** ****** ********* * ******* to ****** ** ***** **********. ********* regulatory ********* *** ***** ******* **************, that ******* ** ***** ****** *****. Once *** ******* ** *********, ***** Mobile **** ****** ************* *.** ******* of *****’* ******.
**** ********** **** *** ****** ***** Technology’s ****** ** * *******-****** *** publicly ****** *******.As * ******** *********** ******* ****** *****, ***** ****** **** *** **** *********** ******* **** ***** ********** ** ***** ********* **** *** ********-******. [emphasis indeed]
******, *** ******* ** *** ***% finished ***; ***** *****'* *********** ****** Securities *** ******** ***** ******'* *****, Dahua *** *** *** ****** *** new ****** ** ***** ******, ***** Guosen **** ***** ****** "** **** as ********".
******: *****'* ***** ********* ** **** throughout *** **** ****, ** ******* 30% **** **** ****:
****'* ****** $*** *** ****, *** subscriber? ****'* * ******* **** ** the *.*.