China Hewlett-Packard is expected to become a wholly-owned?.

<P> Keywords: Brand CLP HP </ P> <P> World Brand Lab (brand.) Report: China's two major shareholders of Hewlett-Packard, one of the China Electronics Import and Export Corporation (hereinafter referred to as "CLP") has .officially listed in the China Beijing Equity Exchange sold 30% stake in China HP. .</ P> <P> Although China Hewlett-Packard said on the matter "is not convenient to comment," but 70% of China's equity holders of Hewlett-Packard Hewlett-Packard China Technology Co., Ltd. (hereinafter referred to as "HP China"), said, "and .under the same conditions did not give up the option of first refusal on the listing. "At the same time, also" reserves the final decision on any particular intention of the transferee the right to refuse to give consent. " .</ P> <P> It is reported that China was founded in 1985, HP had a total of four investors, including the U.S. Hewlett-Packard 57.5% of the shares later on for the "Hewlett-Packard to consider in the global business strategy", transferred to a Hewlett-Packard .China Investment Co., Ltd. --- The face of unclear Hewlett-Packard "related company." .</ P> <P> analysts pointed out that if under the SASAC, China's electronic information industry group in the successful transfer of power options, marks China's state-owned assets to completely withdraw from HP. .And if the transferee CLP equity affiliate of Hewlett-Packard HP China, the China HP will eventually embark on the road in China owned. .</ P> <P> co-operation in the next year due December 25, 2007, CLP China Beijing Equity Exchange was officially transferred its holding of 30% stake in China HP. .This corresponds to the transfer target is 104.3 million yuan in net assets, to December 31, 2006 as the base date of assessment, the assessed value of the subject corresponding to 856.2 million yuan, a premium of 7.2 times. .Currently, HP's shareholders include Hewlett-Packard China and the Power Company, which holds a 70% stake in the former, which holds 30%, was established in 1980, is a national foreign trade enterprises, with 58 domestic and foreign wholly-owned and controlled .subsidiaries, more than 200 wholly owned, joint venture, inline, shareholding enterprises, 2006, the sales income of 11.947 billion yuan, the controlling shareholder of China Electronic Information Industry Group Corporation, actual control of the SASAC. .The listing of 20 days will be January 22, 2008 termination. .CLP relevant person in charge when interviewed said that if the listing to find the right buyer has not expired, the listing will end; if more than two and qualified buyers will be selected to determine the final auction .transferee. .</ P> <P> Why choose this time for holding the hands of China HP will give all shares disposed of, the CLP, said, "HP's cooperation in the electricity and the operating period will be June 14, 2009 expire, for strategic .business considerations, decided to transfer of ownership. "SASAC Director Li Rongrong in accordance with last year's position, the central enterprises within three years can not trade the top three, will force the restructuring of central enterprises the main requirements of assets other than by auction, restructuring or .stripping, etc. free transfer. .Only last month, there is more than a dozen central and secondary business enterprises listed stripping project, this initiative or have the power because the end. .Transferee is not acceptable and the view of investment funds, the equity holders of power for the next four requirements presented --- one must be a registered company in mainland China, registered capital of not less than 1.8 billion; II .There is no competitive relationship with China Hewlett-Packard; third is not to hedge funds, investment funds, financial institutions; Fourth, the transferee is not acceptable. .</ P> <P> four requirements for this, CLP explained, although the issue on the transfer of ownership will not reach any agreement with China Hewlett-Packard, but I hope the next option holder can still maintain good cooperation with China Hewlett-Packard .and therefore will not sell shares to hedge funds, investment funds and other investment institutions, "they get equity capital to operate, rather than business." Meanwhile, in order to maintain the current ratio of equity, the CLP will not longer in the hands of 30 .% of dispersed ownership, and therefore does not accept any form of joint transferee. .However, the responsible person declined to say whether there is now competition in the enterprise to participate in the equity, saying only that "the conditions are not very special, as long as companies comply with these conditions are likely to become the transferee." Hewlett-Packard China reserves the right to refuse the transferee .HP China reporter interviewed further, but the attitude of stakeholders to the issue appeared to be quite cautious, saying that the comment is not convenient. .</ P> <P> present, world's largest IT related companies such as Intel, IBM (IBM) and other companies in China are registered in mainland China, a wholly owned subsidiary, and these companies often set up in China .There are two or more wholly-owned subsidiary, factories and research centers. .Established in June 20, 1985, China is China and the U.S. Hewlett-Packard high-tech fields, as well as the domestic electronics industry's first joint venture, is currently HP's major regional markets worldwide, the only way of using the operational management joint venture .institutions. .Then the two sides of many government leaders and officials of the say in and vigorously promoting, making the establishment of China HP to bring a strong symbolic meaning and distinctive role model. .After several changes in equity, this was different from the same cross-ownership structure of corporate IT, industrial development process, there may also go in China, "owned" the road. .HP was first established in China a total of four investment companies, including the U.S. Hewlett-Packard, and Power Company, Beijing, China Computer Development Corporation and the Corporation, the computer industry, holding 57.5%, respectively, 27.5%, 7.5% and 7.5% of the shares. .After several options after conversion, following the withdrawal of the two companies, HP's 57.5% stake in the U.S. for the transfer to the Hewlett-Packard's "affiliates," Hewlett-Packard China. .One insider said the stake was to make such adjustments, but also the U.S. Hewlett-Packard headquarters in accordance with the planning and layout for the industry and the line. .It should be noted that in 2008 the shareholding adjustment, HP China has not abandoned its listed equity under the same conditions, the right of first refusal. .At the same time, it has a clear statement will be preserved, the final decision on any particular intention of the transferee the right to refuse to give consent. .</ P> <P> "This means that HP may be involved in the final acquisition of China Electronics Import and Export Corporation, China, 30% of the hands of HP's share of China", industry analysts believe that, in fact, with the China Electronics Import and Export Corporation, China HP farewell ., it means that the country will completely withdraw from the Chinese-owned HP's management, but "as HP's global affiliates, HP took over in the Chinese power in the hands if the shares, marks China HP will eventually be wholly owned operations in China of the business." < ./ P> </ p>.