Forum Archive Index - October 2000

[Derek <dkw@paradise.net.nz>]

Has ITC committed any funds yet to the china VC company?
My impression was that this is yet to be finalised.
According to CIBIC (
http://www.itcapital.net/news/research/CIBC_ITC_RPT_180700.pdf )
ITC's expected contribution is about $2m US, however as managers of the
company they will recieve $0.6 m US a year for 8 years as a management fee
(+20% of any profits). Therefore the risk appears to be low. In addition,
now seems to be a good time to invest in IT with prices of companies
returning to more reasonable levels.

Derek


At 05:21 AM 04/10/00 +1300, you wrote:
>         dot coms will be bankrupt   Venture capital has  dried up, profits
>look like a dream, the govt is clamping down with new regulations etc  etc
>etc.     Not good news for those  expecting any return form investement in
>that countries dot coms. ie itc   nick 




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