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HARTCOURT-NEWS!!!


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1943 Postings, 7242 Tage TraderHARTCOURT-NEWS!!!

 
  
    #1
24.07.00 14:32
Hartcourt Confirms Merger Talks With Hong Kong Stock Exchange Listed Company;
Company Aims to Broaden Activities in Mainland China

LOS ANGELES, Jul 24, 2000 (BUSINESS WIRE) -- The Hartcourt Companies Inc. (OTC:
HRCT)(Frankfurt: HCT), www.hartcourt.com, today confirmed that its chairman and
CEO, Dr. Alan V. Phan, is in Hong Kong negotiating the details of a potential
merger between Hartcourt and a company listed on The Hong Kong Stock Exchange's
Main Board.

Dr. Phan said, "We are exploring a business combination with a Hong Kong listed
company that would immediately increase the shareholder value of Hartcourt and
give the company greater access to the global capital markets. Hong Kong is the
Asian hub for most major international investment banking firms. We believe that
a Hong Kong listing could equate into greater institutional coverage and
participation and that a combination with a well-positioned partner would cement
the strategic advantages we currently have in place. Our goal is to create a
much larger and dynamic company with double our current shareholder base listed
on multiple exchanges. This would be a true 'win-win' situation for both
companies."

The parties agreed that pending the outcome of the negotiations, Hartcourt would
suspend its current efforts to gain listing onto the Nasdaq NMS.


About Hartcourt

The Hartcourt Companies is a holding and development company that is building a
network of Internet and telecommunication service companies in The People's
Republic of China (China), including Hong Kong, in partnership with Chinese
entrepreneurs as well as Chinese government-owned entities. Hartcourt's business
goal over the next three years is to complete a series of IPO's or spin-offs
focused on three main divisions: the SinoBull E-Finance Platform and wireless
financial services; Broadband ISP and Internet infrastructure; and the Financial
Transactions Group (online banking, insurance, equipment leasing, mortgages,
credit, bill payment, etc.). Detailed information on Hartcourt can be obtained
via the company's Web site, www.hartcourt.com.


Forward-looking statements

Certain statements in this news release may constitute "forward looking"
statements within the meaning of Section 21E of the Securities Exchange Act of
1934. Such forward looking statements involve risks, uncertainties and other
factors, which may cause the actual results, performance or achievement
expressed or implied by such forward looking statements to differ materially
from the forward looking statements.


CONTACT: The Hartcourt Companies
Jack Westfield, 310/410-7290

URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2000 Business Wire. All rights reserved.


Distributed via COMTEX.
 

1943 Postings, 7242 Tage TraderHARTCOURT in USA schon +2$!!! o.T.

 
  
    #2
24.07.00 16:14

121 Postings, 7331 Tage mw2805Re: HARTCOURT-NEWS!!!

 
  
    #3
24.07.00 17:10
Hartcourt verhandelt mit Hongkonger Unternehmen    
 
Hartcourt steht nach Aussagen des Chairmans und CEOs Dr. Alan Phan in Detail-Verhandlungen mit einem an der Hong Kong Stock Exchange gelisteten Unternehmen. Ziel der Verhandlungen sei ein Merger, der für beide Seiten Gewinne bringen würde. Hartcourt würde so in Hongkong gelistet sein. Man erhofft sich so die Zahl der Aktionäre verdoppeln zu können. Außerdem würde der Wert Hartcourts nach den Aussagen Phans durch diesen Merger maßgeblich gesteigert. Auch bekomme man so ein bessere Position auf den Weltmärkten, da Hongkong der Asien-Sitz der meisten großen internationalen Investmentfirmen ist.                                                                                                    












 

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