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	<title>Comments on: East West Bancorp (NASDAQ: EWBC) Acquires Failed California Bank &#8216;United Commercial Bank&#8217;</title>
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		<title>By: majjohnlux</title>
		<link>http://www.americanbankingnews.com/2009/11/09/east-west-bancorp-nasdaq-ewbc-acquires-failed-california-bank/comment-page-1/#comment-1812</link>
		<dc:creator>majjohnlux</dc:creator>
		<pubDate>Wed, 11 Nov 2009 15:05:15 +0000</pubDate>
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		<description>UCBH (stock) value estimates after some simple maths&lt;br&gt;&lt;br&gt;Based on Minseng&#039;s press release on its loss in UCBH &lt;br&gt;&lt;br&gt;Currency: 6.87  CNY/USD &lt;br&gt;&lt;br&gt;(1) Invested: 887.00 Mio CNY equals     129.17 Mio USD &lt;br&gt;(2) Stake       9.900%  equals  11.92 Mio Shares &lt;br&gt;(1)/(2): Minseng paid an average of 10.83 USD/share &lt;br&gt;(3) Loss: 824.00 Mio CNY equals Mio 120.00 USD &lt;br&gt;&lt;br&gt;Based on (1) and (3): &lt;br&gt;(4) Saldo 63.00 Mio CNY equals 9.17 Mio USD &lt;br&gt;&lt;br&gt;Based on (4) and (2) : &lt;br&gt;Corresponds to 0.77 USD/Share of UCBH &lt;br&gt;&lt;br&gt;Source: &lt;br&gt;&lt;a href=&quot;http://www.reuters.com/article/companyNews/idUSSHA27989720091110&quot; rel=&quot;nofollow&quot;&gt;http://www.reuters.com/article/companyNews/idUS...&lt;/a&gt; &lt;br&gt;&lt;br&gt;UCBH minus EWBC: BookValue 1.08 USD/share &lt;br&gt;Balance on 3/31/09: &lt;br&gt;&lt;br&gt;(1) Assets: 13 419 Mio USD &lt;br&gt;(2) Total Debt: 406.46 Mio USD &lt;br&gt;(3) Total Liabilities: 12 088 Mio USD &lt;br&gt;(4) Total Equity: 1 330 Mio USD &lt;br&gt;(5) Total Common Shares Outstanding : 120.44 Mio &lt;br&gt;(4)/(5) : Book Value: 11.05 USD/share &lt;br&gt;&lt;br&gt;After FDIC intervention, EWBC takes over: &lt;br&gt;(6) Assets: 10 400 Mio USD &lt;br&gt;(7) Total Liabilities: 9 200 Mio USD &lt;br&gt;(8)=(6)minus(7): EWBC profit : 1 200 MIO USD &lt;br&gt;PLUS FDIC guarantee to share up to 7 700 Mio USD losses &lt;br&gt;&lt;br&gt;(9)=(4)minus(8): Remaining Equity UCBH: 130.37 Mio USD &lt;br&gt;(9)/(5): Remaining Book Value UCBH: 1.08 USD/share</description>
		<content:encoded><![CDATA[<p>UCBH (stock) value estimates after some simple maths</p>
<p>Based on Minseng&#39;s press release on its loss in UCBH </p>
<p>Currency: 6.87  CNY/USD </p>
<p>(1) Invested: 887.00 Mio CNY equals     129.17 Mio USD <br />(2) Stake       9.900%  equals  11.92 Mio Shares <br />(1)/(2): Minseng paid an average of 10.83 USD/share <br />(3) Loss: 824.00 Mio CNY equals Mio 120.00 USD </p>
<p>Based on (1) and (3): <br />(4) Saldo 63.00 Mio CNY equals 9.17 Mio USD </p>
<p>Based on (4) and (2) : <br />Corresponds to 0.77 USD/Share of UCBH </p>
<p>Source: <br /><a href="http://www.reuters.com/article/companyNews/idUSSHA27989720091110" rel="nofollow"></a><a href="http://www.reuters.com/article/companyNews/idUS.." rel="nofollow">http://www.reuters.com/article/companyNews/idUS..</a>. </p>
<p>UCBH minus EWBC: BookValue 1.08 USD/share <br />Balance on 3/31/09: </p>
<p>(1) Assets: 13 419 Mio USD <br />(2) Total Debt: 406.46 Mio USD <br />(3) Total Liabilities: 12 088 Mio USD <br />(4) Total Equity: 1 330 Mio USD <br />(5) Total Common Shares Outstanding : 120.44 Mio <br />(4)/(5) : Book Value: 11.05 USD/share </p>
<p>After FDIC intervention, EWBC takes over: <br />(6) Assets: 10 400 Mio USD <br />(7) Total Liabilities: 9 200 Mio USD <br />(8)=(6)minus(7): EWBC profit : 1 200 MIO USD <br />PLUS FDIC guarantee to share up to 7 700 Mio USD losses </p>
<p>(9)=(4)minus(8): Remaining Equity UCBH: 130.37 Mio USD <br />(9)/(5): Remaining Book Value UCBH: 1.08 USD/share</p>
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