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Sinopac Financial AdvisorySinopac Financial AdvisorySinopac Financial AdvisorySinopac Financial Advisory
2014
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Mission
Why is Financial Advisory important ?
• Creates Value: Game Changer. A bigger pie for all!
• Pre-emptive: Take advantage of appropriate market opportunities – decrease transaction costs.
• Provide professional planning and turn key solution.
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A Diverse Platform
FinancialAdvisoryFinancialAdvisoryPrivate
PlacementPrivate
Placement
M&A(Sell / Buy / Invest)
M&A(Sell / Buy / Invest)
Customer Development
Customer Development
Restructuring Restructuring Strategic Alliances (JV)
Strategic Alliances (JV)
• What can we offer ?
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A. Overall Planning & SchedulingA. Overall Planning & Scheduling
B. Draft Resolution Compliance Advising
B. Draft Resolution Compliance Advising
C. Deal Structure DesignC. Deal Structure Design
E. Assist in Reporting, Legal Compliance, Review/Edit Documents, Regulatory Negotiations
E. Assist in Reporting, Legal Compliance, Review/Edit Documents, Regulatory Negotiations
G. Assist with Disclosures, Public Announcements, Related Advises, Drafts, Recommendations
G. Assist with Disclosures, Public Announcements, Related Advises, Drafts, Recommendations
F. Facilitate Communications (CPA, Attorney, Expert, etc.)F. Facilitate Communications (CPA, Attorney, Expert, etc.)
D. Valuation and AnalysisD. Valuation and Analysis
M&A
Service Scope
• Professional Arrangements
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Strategic Alliance (JV) 、 Customer Development
ClientClient
Strategic InvestorsStrategic Investors
Greater
China Expansion
Greater China
Expansion
Taiwan BasedTaiwan Based
Assist in:
• Find Strategic Business Partners and Evaluate Feasibility
• Setting Up New Business Entity,Scheduling, Negotiations, and Legal Compliance Advising
• Design Deal Structure
Service Scope
• A Strategic Perspective
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Major FA Partners – China
• Strong interpersonal network and channel resources
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Major FA Partners – International
• Diverse Strategic Alliances & Resources
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Major Partners – Local Strategic Investors
• Strong ties with local strategic investors
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Major Partners – Local Financial Investors
• Strong ties with local financial investors
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Major Partners – Strategic Investors
• Start with strategic alliances in greater China market and break new grounds!
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主要合作夥伴 – 跨境財務投資者
• Vision – 「 Taiwan’s No.1 Financial Advisory Team 」
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Introduction to SinoPac Holdings
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SinoPac Financial Holdings At-A-Glance
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SinoPacSecurities
BankSinoPac
SinoPac SecuritiesInvestment
Trust
SinoPac Call Center
SinoPac Financial
Consulting
SinoPac VentureCapital
SinoPac Asset
Management
SinoPacFinancial Holdings
Founded in Oct. 1988
Listed on TSE in 2002
Capital: NT$ 82 bil (US$ 2.7 bil)
Assets: NT$ 1.47 tri (US$ 49 bil)
Mkt Cap: NT$ 115 bil (US$ 3.8 bil)
No. of employees: ~ 8,000
Ranked No. 5 among all private
financial holdings in Taiwan
by assets
Major subsidiaries: Bank
SinoPac & SinoPac Securities
No. of branches: 211 (with 22
overseas branches)
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Well-established Global Presences
San Franscisco
SinoPac Financial Services (US)
Far East National Bank (US)California
SinoPac Securities(Europe)
London
Bank SinoPac (HK/Macau Branch)SinoPac Securities (Asia)SinoPac Capital (HK)Shanghai Int’l Asset Mgt (HK)
HKBank SinoPac
SinoPac Securities
Taipei
Shanghai
Vietnam
Beijing
Macau
SinoPac Financial Holdings has complete distribution channels throughout Europe, US and Asia. Bank SinoPac has overseas branches in US, HK, Macau, China and Vietnam while SinoPac Securities has overseas branches in UK, Hong Kong and a representative office in Shanghai.
SinoPac Financial Holdings has complete distribution channels throughout Europe, US and Asia. Bank SinoPac has overseas branches in US, HK, Macau, China and Vietnam while SinoPac Securities has overseas branches in UK, Hong Kong and a representative office in Shanghai.
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Leading Market Position in Taiwan
Bond &Bond &DerivativesDerivatives
Bond &Bond &DerivativesDerivatives
• Futures and Options: 6.98% No. 3 • Warrant issuance: 1988 10.7% No. 3•Bond underwriting amounts: NT$ 19.6bn
UnderwritingUnderwritingUnderwritingUnderwriting
BrokerageBrokerageBrokerageBrokerage• Brokerage: 5.23 % No. 4• E-Trading: 6.98 % No. 3
2013 Market Share & Ranking
• Total underwriting amounts:
NT$ 11.3bn No. 2• Market share : 14.7% No. 2• Lead underwriter: 29 cases No. 2
Source: Bloomberg, TWSE, SinoPac Securities (Jan. 2013)
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Strong Business Network in China
SinoPac has been partnering with leading financial institutions or investment banks in China such as ICBC International, Guosen Securities, Shanghai Securities and Huarong AMC for cross-strait investment banking businesses.
SinoPac has been partnering with leading financial institutions or investment banks in China such as ICBC International, Guosen Securities, Shanghai Securities and Huarong AMC for cross-strait investment banking businesses.
SinoPac has signed a MOU on 3/30/2013 with the largest bank in China – ICBC for a 20% strategic equity stake sale on cross-strait banking business cooperation.
SinoPac has signed a MOU on 3/30/2013 with the largest bank in China – ICBC for a 20% strategic equity stake sale on cross-strait banking business cooperation.
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Best Equity House in Taiwan!
SinoPac was awarded by FinanceAsia “The Best Equity House in Taiwan” in 2010 & 2012!
SinoPac was awarded by FinanceAsia “The Best Equity House in Taiwan” in 2010 & 2012!
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SinoPac Accolades
“ The Best Equity House in Taiwan ”
“ The Best Emerging Market Bank in Taiwan ”
“ The Best Local Commercial Bank in Taiwan ”
“ The Best Local Equity House in Taiwan ”
“ The Best Equity House in Taiwan ”
“ The Best Domestic Bank in Taiwan ”
July 2005, FinanceAsia May 2004, Global Finance Nov. 2003, The AssetMay 2004, AsiamoneyJuly 2004, FinanceAsiaNov. 2004, The Asset
“ Best Taiwan Deal ” “ Asia Pacific's Strongest Banks ”
“ Excellent Service Award – Best Bank in Taiwan ”
“ Best Investor Relations ”
Sept. 2005, The Asian Banker Journal
Dec. 2005, FinanceAsiaNov. 2006, Global Views Sept. 2006, FinanceAsia
“ The Ranking of Wealth management Banks of Risk Management ”
Aug. 2008, Business Today
“ The Best Equity House in Taiwan ”
July 2010, FinanceAsia
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May 2012
April 2012
Mar 2012Wow Prime Group (2727.TT)Wow Prime Group (2727.TT)
Ginko International (8406.TT)Ginko International (8406.TT)
The largest restaurant chain operator in Taiwan with12 brandsNT$ 1.92 billion offering (US$ 64 million); 800x over-subscriptionStock price soared by +47% on the 1st trading dayTrading at 28-35x trailing PER
The largest contact lenses maker in China with own brand “Hydro”NT$ 2.05 billion offering (US$ 68 million); 65x over-subscriptionStock price soared by +60% for the 1st trading weekTrading at 30-40x trailing PER
Hermes Microvision (3658.TT)Hermes Microvision (3658.TT)
SinoPac Sponsored The Three Hottest IPOs in 2012SinoPac Sponsored The Three Hottest IPOs in 2012
The largest semiconductor testing equipment in Taiwan NT$ 1.22 billion offering (US$ 41 million); 300x over-subscriptionStock price soared by +50% on the 1st trading dayTrading at 25-40x trailing PER
With the above outstanding achievements, SinoPac was awarded by FinanceAsia “The Best Equity House in Taiwan”“The Best Equity House in Taiwan” for 2012 again!!With the above outstanding achievements, SinoPac was awarded by FinanceAsia “The Best Equity House in Taiwan”“The Best Equity House in Taiwan” for 2012 again!!
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SinoPac’s Biotech IPO Track RecordsSinoPac’s Biotech IPO Track Records
Genmont(3164)GTSM IPOSep 2008
Apex (3109)Emerging stock
May 2007
Hot IPO in the market; 100 times+ over-subscription!
Phyto (4108)GTSM IPOMay 2002
Yun Zip (4102)GTSM IPOMar 2001
Sinphar (1734)GTSM IPOOct 2000
TLC (4152)GTSM IPODec 2012
Engaged biotech companies at advisory guidance stage
Joben Bio Ann CareSinphar Bio
Ginko (8406)GTSM IPOApril 2012
Medigen (3176)GTSM IPODec 2011
Hoxen Tech
Taigen BioEmerging stock
Mid 2013
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Complete Research throughout Greater ChinaComplete Research throughout Greater China
• SinoPac has a research team with 45 analysts based in Taipei, Hong Kong and Shanghai, respectively.
• SinoPac is also the only Taiwanese securities house that have set up subsidiary in London, UK.
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SinoPac’s Worldwide Placement ChannelsSinoPac’s Worldwide Placement Channels
• We have strong placement channels across greater China, Singapore and Europe, providing a diversified investor base
• 15 English-spoken professional sales on site to serve various global clients
• Has good capability placing out mega deals up to US$ 600 million offering (e.g. MasterKong TDR)
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Value-Added Services to Underwriting CustomersValue-Added Services to Underwriting Customers
Promoting underwriting customers through mega-investment forum to effectively increase the listed company’s market recognition.
Promoting underwriting customers through mega-investment forum to effectively increase the listed company’s market recognition.
Co-hosted 2012 Taiwan restaurant chains globalization investment forum to promote Wowprime Group’s IPO
Co-hosted 2012 Taiwan restaurant chains globalization investment forum to promote Wowprime Group’s IPO
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Introduction to Overseas Investment Banking Business
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Our Core Competences
Deep-rooted and well-connected enterprise customer network in the greater China region with strong cross-border financial and strategic investors lineup
Familiarity with buy-side & sell-side transaction process flows and capital market dynamics
Offering a turnkey financial solution to enterprise customer from debt financing, pre-IPO equity financing to capital market services (IPO/SPO) etc…
Well-established international placement channels and solid capital
market track records in Taiwan & Hong Kong
Strategic ties with leading investment banks in China such as ICBC International and Guosen Securities
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Extensive Private Equity & Industry Network
Our Private Equity & Industry NetworkOur Private Equity & Industry Network
FinancialFinancial StrategicStrategic ForeignForeign
CDIBCID GroupCathay Life
Top Taiwan VC FundWK Technology Fund
Hotung Investment Group
Yuanta VCFubon VCChinatrustTaiwan Life
Paclink Asset MgmtFortune VCConcord VC
Vincera CapitalHarbinger VC
ITICPremier VC
ASUSHTC
TSMCUMC Capital
LiteOnCompalQuanta
MediatekFoxconn/CMO
AcerDelta Electronics
AUO/QistaMaster KongUni-President
YFY GroupWant Want HoldingsAmtran Technology
The Carlyle GroupGoldman Sachs
HSBC (Headland Capital)SIG Group
ACTISJAFCO
CitigroupSTIC
Credit SuisseKKR
Martin CurrieMirae AssetGE Capital
Leon CapitalCrimson
Samsung CapitalLBI
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Our Track Records
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Share Placement & Fund-raising
NTD 60 million
Aspeed Technology
Hotung Venture
ESMT
Nov 2010
USD 10 million
Cooltrans Internat’l
UMC Capital
CDIB
Dec 2012
USD 11.5 million
Aspeed Technology
YFY Paper
TGBF
SinoPac Venture
Dec 2011
USD 3 million
Goldshine Limited
Vincera Capital
AmTrust Investment
Jan 2012
NTD 100 million
Frontken Corp
MIC
Dec 2010
NTD 4 billion
YZJ Shipbuilding
First Red Chip
TDR Offering
Oct 2010
USD 10.5 million
PICC
Hotung VentureAmtran
ParalinkDec 2012
HKD 133 million
Tonly Electronics Holdings Limited
HK IPOAug 2013
TCL Corporation
TWD 304 million
Fong Yi Group
Hungtu Constraction Co Ltd.
May 2011
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HK IPO/ECM
Yorkey Int’l
Optical Comp.Optical Comp.
HKD 510 milSponsorSponsor
Sole BookrunnerSole BookrunnerFeb 2006
Ju Teng Int’l
NB CasingsNB Casings
HKD 350 milSponsorSponsor
Joint BookrunnerJoint BookrunnerNov 2005
Ta Yang
Silicon RubberSilicon Rubber
HKD 700 milVice ManagerVice Manager
May 2007
Kenford
Hair Salon Equi.Hair Salon Equi.
HKD 60 milJoint SponsorJoint Sponsor
June 2005
SIM Tech
Mobile ModuleMobile Module
HKD 60 milVice ManagerVice Manager
June 2005
Sandmartin
Digital STBDigital STB
HKD 140 milVice ManagerVice Manager
May 2005
Linfair
ConstructionConstruction
HKD 70 milVice ManagerVice Manager
June 2005
VMEPHMotorcycleMotorcycle
HKD 850 mil
Co-ManagerCo-Manager
Feb 2007
New MediaMagazineMagazine
HKD 102 milJJoint Sponsoroint Sponsor
Feb 2008
Z-ObeeHandset DesignHandset Design
HKD 205 milSponsorSponsor
Joint BookrunnerJoint BookrunnerMar 2010
Infinity ChemShoe AdhesiveShoe Adhesive
HKD 75 milSponsorSponsor
Joint BookrunnerJoint BookrunnerAug 2010
TrigiantRF CableRF Cable
HKD 300 milSponsorSponsor
Joint BookrunnerJoint BookrunnerMar 2012
SinoPac’s HK IPO deal number and underwriting size have been on top of all Taiwanese securities firms since 2005!
SinoPac’s HK IPO deal number and underwriting size have been on top of all Taiwanese securities firms since 2005!
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HK DCM
RMB 200 mil
New Focus Auto
3.75% couponDue 2013
Sole Lead ManagerSole Bookrunner
Aug 2011
RMB 300 mil
Solargiga Holdings
4.75% couponDue 2014
Sole Lead ManagerSole Bookrunner
Aug 2011
RMB 300 mil
YFY Cayman
3.10% couponDue 2014
Joint Lead ManagerJoint Bookrunner
Feb 2011
USD 40 mil
King Yuan Elec.
0% couponDue 2013
Sole Lead ManagerSole Bookrunner
Oct. 2010
ECBECBECBECB CNHCNHCNHCNH CNHCNHCNHCNH CNHCNHCNHCNH
SinoPac has also been a leader and pioneer in ECB and CNH bonds issuance among all Taiwanese securities firms.
SinoPac has also been a leader and pioneer in ECB and CNH bonds issuance among all Taiwanese securities firms.
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Team Profile
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Taipei Team
Members Profile
Eric Liu Executive Vice President &Head of FA Division
Mr. Eric Liu joined SinoPac Securities as Head of Financial Advisory Division in June 2009. Before that, he was Senior Vice President in Grand Cathay Securities’ Underwriting Division with 14 years experiences. Mr. Liu was responsible for many successful IPO/SPO deals including TDR for Want Want China (9151 TT), GDR & EB for Qisda (2352 TT, formerly BenQ), IPO for Innotera (3474 TT) and CB for Nanya Plastic (1303 TT) etc… Mr. Liu received his MBA degree from National Cheng-Kung University and his BSCS degree from National Chiao-Tung University in Taiwan. He is also a Certified Securities Investment Analyst in Taiwan.
Derek YangAssistant Vice President
Mr. Derek Yang joined SinoPac Securities in April 2013. Before that, he was Financial Data
Analyst at Moody’s Analytics and Model Risk Business Analyst in Union Bank.
Mr. Yang was responsible for asset based securities credit rating model related data analysis, and
credit risk model construction / analysis / audit work. Mr. Yang received his MBA degree from
UC Riverside and his BS degree from UC Davis.
Martin HuangManager
Mr. Martin Huang joined Financial Advisory Division SinoPac Securities in March 2014. Before
that, he was Securities Management Division Officer at China Life insurance Co. LTD and
Underwriting Advisory Division Junior Manager at SinoPac Securities. He was responsible for
IPO/ SPO deals including IPO for Edison Opto Corporation (3591TT) and Bage Holding
(2930TT), TDR for New Media Group (910708TT), CB for Sinon
Corporation(1712.TT) 、 BES Engineering Corporation(2515.TT)and Formosa Epitaxy
Incorporation(3061.TT), ECB for Wistron Corporation(3231.TT), GDR&ECB for TPK Holdings
Co., Ltd(3673,TT)etc….Mr. Martin Huang received his MOC degree in Accounting and Finance
from Macquarie University in Australia.
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We appreciate your business.We appreciate your business.