Silverlake Axis

[ksir]

GIT Infotech (GIT) weighs on Silverlake Axis (SLA)

I was curious about how GIT weighs on SLA in term of Market Cap.
Hence I did below vague calculation.
I definitely hope I get all numbers right, but if it's wrong, it's unintended.

As per 30-Oct-2015:
SLA Total Shares: 2,697,051,730
SLA Market Price: S$ 0.575
SLA Market Cap: S$1,550,804,745

GIT Total Shares (from SLA announcement): 133,340,000
GIT Market Price: RMB 57.55
GIT Market Cap: RMB 7,673,717,000
RMB to SGD Exc Rate: 0.22158
GIT Market Cap: S$1,700,342,213

Apparently if the numbers are right, GIT Market Cap is bigger than SLA.
SLA owns 20.25% of GIT, hence SLA stake in GIT in current price (assume they can sell at this price): S$344,319,298.
SLA stake in GIT is about 22% of current SLA Market Cap.

At the AGM, when asked about GIT, Chairman answer was they are thinking really really really hard about it.
He added that it's really really hard to be successful in China, unless we spend tremendous times, attention & costs there.
He said that they probably don't want to just be there but also can't ignore China & its competitive human brain.
SLA CEO is sitting on GIT board and he mentioned about the new developments in GIT after IPO.
He added that their current PE is about 90-95.

My personal take is that they also thinking to sell at that insanely high Market Price.
But they still need to be in China and hence can't just sell their stakes.

(Vested)