SEB share Supor clearing the way for final adoption by the Commission – Supor, SEB, electric pressure cooker – HC Network Appliance Industry-hc360
Supor to SEB 4000 private placement shares, yesterday adopted by the SFC
SEB share Supor clear obstacles
By the "one pot" caused controversy, that is the subject of much concern to the international acquisition of Supor SEB in France's case finally came to an end. Yesterday, Supor (002032) announcement that the SFC issuance examination committee conditionally approved Supor international private placement to the French SEB A 4000 million shares program, which lasted more than a year that foreign acquisitions are will take the final program. "Transfers and acquisitions, private placement offering will be conducted after, SEB will also be holding after Supor Supor output of capital, technology and management experience, the industry standard to a new level." Yesterday, the responsible Supor said the acquisition is completed, the Supor and will have a significant impact on the industry.
Transfer and the subsequent tender offer
Announcement shows Supor will receive the China Securities Regulatory Commission to be approved or not approved by the decision document will be announced. As of yesterday's close, Supor's shares reached 44.80 yuan.
"The private placement price of 18 yuan per share, still, because the original is SEB's offer to issue, subsequent developments in a way no one expected." Yesterday, Supor secretaries to directorate Ye Jide said. "Prior to the French Ministry of Commerce has approved the acquisition of Supor SEB related matters, we believe that access to private placement by means of this strategic cooperation has no barriers."
Last August 16, Supor For SEB of France released by private placement, equity transfer, and such tender offer to acquire its stake in the news. In mid-April this year, the acquisition of the matter has been approved by the Ministry of Commerce, after the acquisition, SEB will be the price of 18 yuan per share, ultimately Supor about 52.74 to 61% of the shares, the total cost of about 240 million euros, become a controlling shareholder.
Supor relevant responsible person said, "conditional" is assigned to the additional issues and some follow-up items to complete, not obstacles, in addition, offer to acquire the share transfer and other parts of the procedure does not require approval, and then can be carried out.
SEB route through the Asia Pacific market layout
SEB is the world's largest manufacturer of small household appliances and cooking utensils, one of Guoxin Securities analyst, said, SEB into the Chinese market through the acquisition of the company, access to low-cost processing base and extensive sales channels,'s sense. "SEB performance of recent years show that the growth of weak, low-cost manufacturing advantage and make full use of the completion of OEM, ODM orders, with high brand recognition in the domestic level, sound distribution channels to get around the market in China and good growth expected, these two will bring new growth momentum SEB. "
Is worth noting that yesterday's announcement also revealed that, SEB's commitment to support Supor Group continues to implement its share reform, agreed Supor Group August 8, 2010 to maintain its hold before the shares of the Company accounted for this company now a total capital ratio not less than 30%, and agreed to waive Supor Group under the framework agreement on the pre-commitment to its obligations under the offer. Some analysts say this will help the existing management team and technical team stability is good news for Supor.
In addition, SEB further commitment on the part of the offer in the China Securities Regulatory Commission issued a no objection letter will be followed by the obligation to fulfill part of the tender offer, and will conscientiously carry out under the framework agreement and other relevant conventions and relevant commitments already made.
Securities analyst, said, "We judge completed the acquisition of Supor SEB at this important after layout, will Supor's development as the focus of the Asia-Pacific region, full use of its advantages on the basis of the original, to further enhance its management product innovation to meet the international demand for products the ability to ultimately develop the Asia Pacific region marketing purposes.
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