Shanghai Stock Exchange Holds Training On Internet Merger, Acquisition In Beijing

On December 12, 2013, the Shanghai Stock Exchange (SSE), Zero2IPO Group, and China Securities Co., Ltd. jointly hold the “Training on Internet Merger and Acquisition” in Beijing. Executives of over 50 SSE-listed companies and nearly 100 internet companies, and representatives of top internet investment institutions gather together to discuss opportunities for mergers and acquisitions as well as future development in the internet industry, and seek cooperation.

Xia Jianting, Assistant to SSE President, says that as the internet has been more and more closely integrated in the daily life, the capital market should strengthen its connection with internet companies and support their development. Excellent internet companies can not only bring vitality to the capital market but also create value for investors. The SSE, as an important organizer in the capital market, has attached great importance to the development of emerging industries like the internet industry, and it hopes that more and more enterprises in emerging industries can keep growing through the SSE blue-chip market. An official of the Offering and Listing Department of the SSE holds that listing is an important way for internet companies to grow stronger, and for the same issuer, listing in different domestic boards means encountering of the same group of investors and no difference in IPO Price-to-Earnings ratio. Senior experts in the internet industry are also invited to discuss the situation and development of the internet merger and acquisition market, talk about their experience in the innovation of the internet industry, and share excellent cases of internet mergers and acquisitions with the participants. Besides, the training builds a communication platform for listed companies that attempt to merge and acquire or invest in those from segmented internet industries related to games, media, film and TV, and mobile internet, so as to propel integration of industrial resources.

The representatives all agree that the training plays a positive role in improving the SSE’s service for small and medium-sized enterprises, cementing the SSE’s value-added service for listed companies, facilitating reinforced rationalization of listed companies, intensifying the SSE’s service for emerging industries, and boosting deep integration of the internet industry. And it expands the SSE’s influence on the internet industry.