Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

Qihoo had received <a href="http://ir.360.cn/phoenix.zhtml?c=243376&amp;p=irol-newsArticle&amp;ID=2151620" target="_blank">approval</a> from its shareholders on 30 March 2016 for the privatization at USD 77/ADR. It has since been 105 days and the transaction is yet to complete. In this insight, we look at issues with SAFE, CSRC, derating in the domestic market and recent tightening of rules in the Chinese Advertisement Market. <h2>1. SAFE Issues</h2>Deal Dynamics Have Changed <figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/010/149/original/ADR%20timeline.png?1468375699" class="editor-image img-responsive" data-smartkarma-image-id="10149"></figure>Qihoo's large transaction has gone 105 days without completing. It took Mindray just 18 days and Wuxi Pharma took 26 days to complete…

Qihoo had received approval from its shareholders on 30 March 2016 for the privatization at USD 77/ADR. It has since been 105 days and the transaction is yet to complete. In this insight, we look at issues with SAFE, CSRC, derating in the domestic market and recent tightening of rules in the Chinese Advertisement Market. 1. SAFE IssuesDeal Dynamics Have Changed Qihoo's large transaction has gone 105 days without completing. It took Mindray just 18 days and Wuxi Pharma took 26 days to complete…

QIHU - Will This Horse Reach the Finish Line?

Qihoo 360 Technology

QIHU - Will This Horse Reach the Finish Line?