subject: Little Swan Stake Delivered Rongshida Beautiful How Far Away From Haier [print this page] Little Swan Stake Delivered Rongshida Beautiful How Far Away From Haier
As Midea Washing machine Business integration platform.
U.S. appliances (000 527), and both Little Swan yesterday issued a notice, the United States intends to direct electrical Royalstar laundry equipment company held 69.47% of the shares sold to Little Swan, and use it as a small swan on the price of subscription to Midea non-public offering of A shares. After the reorganization, the U.S. assets of the Group all the washing machines have been integrated to the Little Swan listed companies.
Lifei De Midea secretaries to directorate, said transferring a controlling stake in the U.S. electrical washing machines also means that the basic completion of the reorganization of assets.
Stimulated by the news, Little Swan, Midea and yesterday (October 21) opening will be closed daily limit. Midea reported 19.03 yuan, Little Swan reported 9.82 yuan.
Little Swan embraced into three major brands
Little Swan announced that the company intends to issue controlling shareholder Midea A shares, purchase its direct holdings of Rongshida laundry facilities 94.145 million US dollars equity, or 69.47% Rongshida laundry facilities of the company. Private placement price of 8.63 yuan / share. The estimated value of underlying assets subscription 720 000 000, then calculate the number of non-public offering of about 8340 million.
This transaction is completed, the equity structure of Rongshida laundry facilities will change to: Little Swan holds a 69.47% stake in Midea BVI holding 25% stake in Midea holds 5.53% stake . Little Swan will have a controlling Rongshida laundry facilities.
Rongshida 800 million washing machines Washing Machine Production capacity, the production of "Rongshida" and "beauty" brand washers. In the first three quarters, Rongshida washing machine revenues 1.869 billion yuan, net profit of 50.62 million yuan. Little Swan on the combined company's future optimistic??? Transaction is completed, the company's total assets increased by about 34.04 percent, an increase of about 11.01% of net assets.
Little Swan said, "Rongshida" brand in three to four markets and rural markets with high visibility, the company completed the acquisition will also have a "beautiful" and "Little Swan" and "Rongshida" three well-known brand washing machine, form a "high low" end product complete line of business. "The combined company's 2008 market share of 13.69%, second place in the industry firmly occupy the same time, significantly reduced the gap with the industry first."
As price, Little Swan to its majority shareholder Midea A non-public offering of 8,340 million shares at a price of 8.63 yuan / share. The restructuring plan is implemented, Little Swan, Midea's shares in the ratio rose from 29.64% to 30%.
The asset restructuring program needs to pass through many approval procedures, including a consideration by the shareholders approval of Little Swan, Midea internal decision-making body for examination and approval, the approval of China Securities Regulatory Commission and the United States tender offer comprehensive small appliances Swan duty exemption, Rongshida washing machine's foreign trade department of the approval of the consent.
Little Swan Industrial Park development effort put into washing machine
U.S. industries in the washing machine main goal is to catch up with Haier. The PRC, market research company Research
White Shi Ting analyst said over the years, Little Swan has been the second largest in sales volume of domestic washing machines, washing machines and the United States has never entered the top ten selling washing machines. "This year from January to August, sales of domestic washing machines, the first is Haier, Little Swan and Rongshida with the second and fourth."
Industry said that although the U.S. and Haier washing machine business in the size of the gap is narrowing, but the premium brand reputation and product capabilities, Haier is still the only domestic brand with Siemens,
Matsushita
An equal footing with foreign giants such as the brand.
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