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Archive for February 14th, 2011

Shanghai-based Moli Group Joins With the Commanding U.S. Global Mobile Game Developer Oberon Media for Games and Content Distribution in China

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Includes Moli’s database of 40 million online games subscribers and for the lucrative mobile internet market segment

HONG KONG, Feb, 14, 2011 /PRNewswire-Asia/ — TheCASH Group* [1049:HK], a services developer of internet and mobile services in China, today announces a tie-up between its six-year-old Moli Group (meaning magical power) platform, based out of Shanghai, with Oberon Media, based out of New York City, United States.

The tie-up takes the form of establishing a joint venture. In summary, the Moli Group acquires from Oberon Media, an 89.7% stake in Oberon Information, with existing games and content distribution in China. Oberon Media retains the rest of the 10.3%. The transaction size is around US$10,000,000 and through a series of transactions will see Oberon Media become a shareholder of around 1% of the CASH Group in exchange for its 89.7% stake in Oberon Information.

The aim of the tie-up is to establish a world-class platform for games and content distribution in China. The target segments include Moli’s database of 40 million online games subscribers (over its award-winning games) and the lucrative mobile internet market segment which runs into the hundreds of millions of users.

Mr. Bankee Pak-hoo Kwan, Chairman and CEO of CASH Group, said, “# We are very excited over the tie-up with Oberon Media, one of the largest global mobile game developers. Oberon is an indisputable global leader in games and related contents with world-class research and development and game distribution capabilities across various platforms. We have our own database of online subscribers and distribution channels in China as well as government and local networks. We believe that the tie-up is only the beginning of an unfolding story, which will see significant penetration into the lucrative mobile internet market. It also accords with our vision to lead and not follow the competition.”

Mr. Amir Gal-or, Managing Partner of Infinity I-China, which is an investing fund in Oberon China, said, “This acquisition of Oberon Media, by global games leader Moli validates the underlying reality that strong Chinese companies are starting to build strength locally by acquiring global and western technology and know-how.”

Mr. Tal Kerret, Chairman of Oberon Media, said, “Oberon Media has invested years in developing its China strategy, and I personally visited China repeatedly over this process. We learned that the best opportunity to succeed in China is with a local industry partner as part of a larger group and we found that Moli, with the leadership of Mr. Kwan at CASH, was a perfect match.”

About CASH Group

The CASH Group is a services developer. It currently focuses on developing internet and mobile related services in China. Accordingly, the CASH Group also focuses on expanding its Moli Group based out of Shanghai for online games as well as other internet and mobile activities, as the opportunities arise.﹛In relation to the Moli Group, the Group has spent the last six years on developing the Moli Group into an online games platform in China.﹛The Moli Group now has approximately 300 dedicated employees and a number of award winning online games with a database of some 40 million subscribers. For more details, please visit http://www.cash.com.hk.

Oberon Media/Oberon Information

Oberon Media is a member of the Oberon Media Group, one of the largest global mobile game developers, which has set an industry standard on games and related contents with its game solutions being adopted by some of the world’s innovative corporations including Microsoft, AT&T, Electronic Arts, Orange France and Yahoo!. Oberon Media Group’s platform combines casual and social game content, merchandizing and features to fulfill each partner’s specific needs (http://corp.oberon-media.com/about.asp). Oberon Media, as a member of the Oberon Media Group, was itself founded in 2003 and headquartered in New York City.﹛It focuses on development, publishing and distribution of casual games across multiple platforms, with offices in North America, Europe and Asia. According to Oberon Media, it is backed by Goldman Sachs, Morgan Stanley and Oak Investment Partners and has 480 employees, over 100 strong distribution partners, 350 studio partnerships around the world with a catalogue of over 1,200 games. Oberon Media established Oberon Information in June 2009.﹛Oberon Information is principally engaged in development, distribution and marketing of online mobile games in China as licensed distributor.﹛It also provides research and development of hardware and software technology systems and services related to technical transfers, consultation and support, as well as other relevant services.

For enquiry, please contact:
Ms. Magdalene Tsang Tel: +852-2287-8088 e-mail: magdalene.tsang@cash.com.hk
Ms. Chloe Chu Tel: +852-2287-8317 e-mail: chloe.chu@cash.com.hk
Ms. Kacey Cheung Tel: +852-2287-8324 e-mail: kacey.cheung@cash.com.hk

* Celestial Asia Securities Holdings Limited and its subsidiaries

Please note: The above information contains forward-looking statements that involve risks and uncertainties and are based on information of the parties in good faith believes to be reliable as of the date thereof. The actual results may differ. Please exercise care and caution and read the information with the public announcements and circulars which the information is subject to. All figures are approximation.

SOURCE﹛Celestial Asia Securities Holdings Limited

Written by asiafreshnews

February 14, 2011 at 4:58 pm

Posted in Uncategorized

EQT Greater China Acquires Gala TV

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HONG KONG, Feb. 14, 2011 /PRNewswire-Asia/ —

— EQT Greater China II acquires leading Taiwanese TV channel operator Gala TV with CEO Mr. Lin Poa-Chuan as co-investor

— Gala TV to further expand its business and position itself as a leading Chinese language TV channel operator in the international arena

EQT Greater China II (“EQT Greater China”) has acquired Gala TV (“GTV” or the “Company”), with CEO Mr. Lin Poa-Chuan as co-investor. GTV is one of Taiwan’s leading TV channel operators with four own channels. These channels are carried by all major cable operators broadcasting them to Taiwanese cable TV subscribers.

(Logo: http://www.prnasia.com/sa/2010/12/20/20101220389728.png )

GTV offers a mixture of in-house produced, commissioned, and acquired content. The Company was established in 1997 and has over the years produced and accumulated a library of many popular Chinese-language TV programs. GTV has a strong market position in Taiwan with leading viewership shares. GTV-Drama is the prime drama channel in Taiwan while GTV-One and GTV-Variety are among the leaders in the variety genre.

“GTV has a strong market position with leading viewership shares and unique strengths in drama. We look forward to working together with GTV’s experienced management in developing the business further. EQT’s previous experiences with new media platforms and digital channels will also be leveraged to further develop GTV,” says Fredrik Atting, Senior Partner of EQT Partners in Hong Kong, investment advisor to EQT Greater China II.

Overseas distribution of idol drama also holds strong prospects on the back of promising markets such as China and South East Asia where the demand for quality Chinese-language drama is high. Under the leadership of the current management team, together with the support of EQT, GTV aims to further expand its business and position itself as a leading Chinese language TV channel operator in the international arena.

The Taiwanese economy as a whole shows strong development and the local cable TV advertising market grew by 26%, from NT$6.2 billion in 1H 2009 to NT$ 7.8 billion in 1H 2010. TV, and cable TV in particular, is the dominant advertising platform in Taiwan and has proven more resilient to adverse economic conditions than other, traditional platforms such as magazines and newspapers.

The EQT Industrial Network has several Industrial Advisors with extensive experience from the media and entertainment business who will be working with GTV to develop the business even further.

About EQT

EQT is the leading private equity group in Northern Europe with more than EUR 13 billion in raised capital and multiple investment strategies. Together with a superior network of Industrial Advisors, EQT implements its business concept by acquiring or financing good medium-sized to large companies in Northern and Eastern Europe, Asia and the United States, developing them into leading companies. Development is achieved by applying an industrial strategy with focus on growth. Since inception, EQT has invested EUR 9.7 billion in more than 85 companies. EQT-owned companies have more than 500,000 employees.

EQT Greater China makes control or co-control investments in high-quality market leading, medium-sized companies in attractive industries in Asia with a potential for top-line growth.

EQT Partners, acting as investment advisor to the managers of each EQT fund, has more than 100 investment professionals with an extensive industrial and financial competence. EQT Partners has offices in Copenhagen, Frankfurt, Helsinki, Hong Kong, Oslo, London, Munich, New York, Shanghai, Singapore, Stockholm, Warsaw and Zurich.

More information can be found on http://www.eqt.se

Contacts:
EQT Partners, investment advisor to EQT Greater China II
Fredrik Atting, Senior Partner Hong Kong, +852-2971-5810
Johan Hahnel, Communications & PR, +46-8-506-55-334

SOURCE﹛EQT Greater China II Limited

Written by asiafreshnews

February 14, 2011 at 3:00 pm

Posted in Uncategorized

Global Payments Appoints New President for Asia Pacific Business

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HONG KONG, Feb. 11, 2011 /PRNewswire-Asia/ — Global Payments Inc. (NYSE:GPN), a world leader in electronic transaction processing services, announced the appointment of James R. Hicks as President of Global Payments Asia Pacific, responsible for its activities in the region.

(Photo: http://www.prnasia.com/sa/2011/02/11/20110211201620.html )
(Logo: http://www.prnasia.com/xprn/sa/200803261513.jpg )

Mr. Hicks has extensive payments industry experience, most recently serving as President of the company’s Prague-based payment processing business in Central Europe. Previously, he also held responsibility for Global Payments’ Canadian Product and Marketing functions as Vice President and Senior Vice President within Global Payments Canada.

“The Asia Pacific region is a key market for our company, and I am delighted to welcome such a seasoned leader as James to our Asia Pacific team,” said Joseph C. Hyde, President, International of Global Payments Inc.﹛”Global Payments is committed to continually improving the products and service levels provided to our merchant customers.﹛James’ strong leadership and proven experience in the payments business will help us accomplish these objectives, while building upon the strong relationships we have with our clients and partners in the region.”

Global Payments Asia-Pacific Limited currently provides merchants in eleven countries and territories across Asia with the card acceptance products, services and support they need to meet and exceed their business goals. The company is a strategic joint venture between Global Payments Inc. and The Hongkong and Shanghai Banking Corporation Limited and is the largest pan-Asian card processing company in the region. Striving to deliver an unparalleled level of innovation to merchant services in the region, Global Payments Asia Pacific delivers a wide variety of robust payment solutions and industry-leading merchant reporting tools along with superior customer service and support.﹛The company currently operates in Brunei, mainland China, Hong Kong, India, Macau, Malaysia, the Maldives, the Philippines, Singapore, Sri Lanka and Taiwan.

For more information about Global Payments products and services in Asia Pacific, please visit www.globalpayments-asia.com .

Global Payments Inc. (NYSE:GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe, and the Asia-Pacific region.﹛Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management.﹛Visit www.globalpaymentsinc.com for more information about the company and its services.

Media Relations Contact:

Christine Li
+852-3529-5853
christine.li@globalpay.com
SOURCE Global Payments Inc.

Written by asiafreshnews

February 14, 2011 at 10:13 am

Posted in Business & Finance