Versarien Share Discussion Threads

[1teepee] 15/4/2019 09:23

The Term Sheet envisages that BIGT will provide funding to Versarien for the proposed subsidiary and other corporate purposes in the form of an equity investment in the Company, providing BIGT with a holding of up to 15% of the issued share capital of the Company, I thought the company refers to versarien as a whole, not the subsidiary. I hope I am wrong and it's 15% of the subsidiary

[squire007] 15/4/2019 09:21

No-one is getting their hands on VRS 'our' shares that cheap ... think about it ;-)

[psxtalks2u] 15/4/2019 09:21

Neill on twitter just now "Neill Ricketts@neillricketts
2m2 minutes ago
A question that I am being asked a lot is where our HK sub sits in this. Easy answer PLC in charge globally, HK is for SE Asia control, then WOFE for Chinese specific collabs/JV's . We have been planning for a while."

[sportbilly1976] 15/4/2019 09:20

Hi,

what is the L2 situation here - one MM been sat on 140p so far selling & a nice gap behind them, or reasonable liquidity at this level?

Bought a few on the news but looking to get a few more, just wondering if there is scope for a slight retrace

[willoicc] 15/4/2019 09:19

If you give them 15% the next thing they will be demanding a seat on the board, then they know everything VRS are doing.

I doubt USA would be too enamoured about that.

[dtaliadoros] 15/4/2019 09:19

There is no Chinese listing as I read it and 2d pointed out above. Subsidiary will be wholly owned by vrs.

[squire007] 15/4/2019 09:19

The Term Sheet envisages BIGT assisting Versarien with the establishment of a subsidiary in China, wholly owned by the Company. Any such Versarien Chinese subsidiary would be focussed on the manufacture of Versarien's graphene and other 2D materials in China and their sale to Chinese customers, working in collaboration with BIGT. This would not preclude Versarien entering into other ventures in China and it remains the Company's preference that any Chinese manufacturing base is situated in Jinan.

I see it as a new Company ie: subsiduary as worded..

[nemo19] 15/4/2019 09:18

Question on Twitter

A question for the podcast @neillricketts @versarien. Is the BIGT funded either directly or indirectly by the the 2 huge Chinese aeronautical companies that #VRS has MOUs with? 🚀🚀🚀

NR:
It is funded from a variety of sources including in some form the Chinese government either indirectly or directly.

[empoggio] 15/4/2019 09:17

Whatever happens, there will be resistance at around 160p, when people cash in on their 145p investment

[ellissj] 15/4/2019 09:17

Thx 2D. Best ellis

[festario] 15/4/2019 09:15

The squeeze has started already, each sell commands a little more money.

[grabster] 15/4/2019 09:14

Versarien already has a Hong Kong registered company - where does this slot into the story ?

[ellissj] 15/4/2019 09:13

To get a flavour of the chinese ambition/strategy, ie 'made in china 2025' - there's a read across here in this jv aero software news release imo. As neill tweeted, 'follow the money!' Best ellis.

'Joint Venture Contract signed between AVIC-BIAM and ESI Group'

 30 May 2013  Beijing, China

Agreement to establish and operate “AVIC-ESI (Beijing) Technology Co. Ltd.”

ESI Group, pioneer and world-leading solution provider in Virtual Prototyping for manufacturing industries, announces the signature of a Joint Venture contract with BIAM, the Beijing Institute of Aeronautical Materials. Under the terms of the contract the parties agree to establish and operate the Joint Venture company “AVIC-ESI (Beijing) Technology Co. Ltd.” to address the important needs of China’s aerospace and astronautics industries for Virtual Engineering. Signature of this contract completes actions initiated by a strategic partnership agreement in June, 2011 and the signature of a Joint Venture framework agreement in November, 2012.



BIAM, a core scientific Research Center of AVIC (the Aviation Industry Corporation of China), is China’s only institute for research in advanced materials and manufacturing technologies for aeronautical applications. Through its subsidiary BAIMTEC Material Co. Ltd it is also an important supplier of titanium castings and other manufactured components to global companies including Airbus, Boeing and Safran-Snecma.

Within the frame of the Joint Venture, BIAM’s expertise in the manufacturing, testing and characterization of advanced materials and components will complement ESI’s strengths in Virtual Manufacturing and Virtual Testing, to support the enhancement and effective deployment of Virtual Prototyping.

Stated ambitions of the Joint Venture include providing leadership in the application of Virtual Engineering for innovative product development and serving as an example to other Chinese high technology enterprises.

The event marking the signing of the Joint Venture contract was held at BIAM’s principal establishment in Beijing and joined by an official representative of the Ministry of Industry and Information Technology (MIIT) of China, by representative Executives of many business units of AVIC, including AVIC Foundation Technology Institute (AVIC TECH), BIAM, and by ESI Group.

Opening the proceedings, Dr. Dai ShengLong, President of BIAM reviewed the evolution of the collaboration over the past two years and emphasized the mission to “co-create up-to-date solutions based on innovative materials and digital prototyping” and to “continuously generate new IP with commercial potential”. The purpose of the joint venture is not only to catch up but “to leap ahead, propelled by virtual technology”.

Dr. Alain de Rouvray, Chairman and CEO of ESI Groupexpanded on the theme of Dr. Dai, noting that, in particular, ESI’s global and strategic automotive customers are in several important domains significantly ahead of the aerospace sector in their use of Virtual Product Engineering, allowing them to spur innovation and manage drastic reductions in product development costs and delays. “Our commitment is to apply our expertise and global resources to achieve a world leading position in delivering innovative digital based solutions, enabling China’s aviation sector to benefit from the best in class digital engineering and then gradually influencing other industry sectors as needs emerge”.

Then, Mr Rong Yichao, Chairman of the Board of AVIC TECH and President of AVIC Foundation Technology Institute congratulated the parties on the formation of the Joint Venture, especially as he recognized ESI as the leading CAE software company in Europe. He highlighted that AVIC has a strategy to actively participate in the global aviation industry chain, stating that “Our cooperation with ESI is a big step forward towards this goal, and the Institute is ready to support the Joint Venture in any manner that will assure its success”.

Finally, Mr. Li BenJian, Deputy Director of the Equipment Manufacturing Industry of MIIT likened the cooperation between AVIC-BIAM and ESI to two strong hands joining together. He reminded the audience of the government requirement to “quicken the combination of information technology and industrialization”, expressing the hope that the Joint Venture will “use and promote digital technology to upgrade the present structure of the Chinese aviation industry”. He instructed AVIC to use the Joint Venture to set an example for other industries to follow.

Subject to final approval of the relevant Chinese authorities, the business of this new Chinese Joint Venture company, AVIC-ESI (Beijing) Technology Co. Ltd. will include the commercial distribution of ESI’s Virtual Engineering standard software solutions; associated hardware for computation and immersive visualization; related technical support services and validation engineering studies. Also projects of “co-creation” will be defined that could allow emergence of new solutions with a potential for distribution both in China and through the global distribution network of ESI Group. The scope of activity will be within the Aerospace and Astronautics industrial sectors and other related and mutually agreed organizations to which AVIC-BIAM provides essential materials and technology services.

The parties reaffirmed their conviction that their many technical synergies and the spirit of team work evident since the signature of the strategic partnership in 2011 give cause to believe that the new venture will rapidly prosper and will bring sustainable success and concrete mutual benefit.

ESI Group has been directly represented in China since 2004 by a subsidiary company and currently has offices in Beijing, Shanghai and Chengdu, and today has customers in diverse industry sectors. In addition to activities that support business in China, ESI China maintains a team in Shanghai that is dedicated to development of advanced computer models for use in the automotive industry for passenger and vehicle safety assessment, including human models and crash barriers. ESI China will continue to develop independently its activities in China outside the aerospace and astronautics sectors, and to address directly the local needs of its global customers, most especially those in the ground transportation and energy industries.

About BIAM and AVIC

BIAM is the most advanced materials research center in China and a key institute of AVIC, the ultra large state-owned aerospace enterprise and investment institution, authorized and managed by the Central People’s Government. AVIC is managed through 10 business units: defense, transport aircraft, aviation engine, helicopters, avionics, general aviation aircraft, aviation research and development, flight test, trade & logistics, asset management. It has nearly 200 subsidiaries and over 20 listed companies. For further information, visit www.avic.com.cn"

[2dinvestor] 15/4/2019 09:10

Hi Ellis, initially the china subsidiary will be 100% owned by VRS, but at the GEIC investors day Chris did mention that in the future they may look to list it in Hong Kong (or locally) with proceeds going back to the UK, either to share holders or for reinvestment. I'd be happy either way. Regards 2D.

[zagrosfold] 15/4/2019 09:10

I would imagine the subsidiary would be listed in Hong Kong or Shanghai. When the chinese are able to buy shares in the subsidiary I predict fireworks! That's if it is listed at all.

[harrysol] 15/4/2019 09:06

Imagine what the first big order will do to the share price!

[joeblogg2] 15/4/2019 09:05

Guys they get upto 15% BUT vrs are in charge of subsidiary?? So no ip theft as have control!!!
Guys they get upto 15% BUT vrs are in charge of subsidiary?? So no ip theft as have control!!!

[hotmark] 15/4/2019 09:04

£1.75+ close today once the implications of the RNS sink in :)

[ellissj] 15/4/2019 09:04

My question for poddy. Will new chinese vrs subsiduary be listed on sse 'nasdaq' new tech sector ? Best ellis

[mavfav] 15/4/2019 09:03

Not a whisperNot a hintNot a leakHow tight is this ship Waking up to this news this morning is phenomenal and needs to be put into context.The ONLY verified graphene producer now setting for an established base in China with a relationship supported by both countries parliament Who else is getting this kind of support? I think this is a lot bigger than some are going to perceive it but I don't mind I know nooothing ?

[empoggio] 15/4/2019 09:02

I can't see any deal for shares vaueing them any less than 145p. The 'over-subscribed' offer less than a year ago

[1teepee] 15/4/2019 09:01

Not a respectable reference. Bad taste grabby

[joeblogg2] 15/4/2019 09:00

Guys they get upto 15% BUT vrs are in charge of subsidiary?? So no ip theft as have control!!!

[laginaneil] 15/4/2019 09:00

Hello Willoicc,

IP removed from UK.. What value would VRS be worth without IP ?

Remember Softbank trick with ARM IP ? Terrible rip off !

[1teepee] 15/4/2019 08:59

Today you think a 190p close?