Changhong curve bidding Meiling Group 100% state-owned shares – Meiling, Changho
2009 8 13, Meiling said it has approved participation bidding Hefei Xingtai Holding Group Co., Ltd. ("the Xingtai Holdings") held by the Hefei Meiling Group Holdings Limited ( said, "Meiling Group") shares the motion. Prior to July 31, Meiling's second-largest shareholder of Xingtai Holding issued "on the Hefei Meiling Group Holdings Limited 100% state-owned property rights transfer notice", intends to divest part of the transfer of assets, liabilities, Meiling Group 100% after the state-owned equity.
Learned that Meiling Group, property rights include long-term investments and intangible assets, long-term investment is the British Kate Meiling Group Meiling
Home Appliances
(Hefei) Co., Ltd., the British Kate Electric Co., Ltd. Hefei, Hefei Meiling Appliances Industry and Trade Co., Ltd., 7 100% state-owned shareholding companies, and the Hefei Meiling Packing Products Co., Ltd. 51.74% of the state-owned shares; intangible assets, it means " Meiling "trademark and" Meiling "trademark. Transfer of the reserve price for the 111.2 million yuan.
Bid for the stake, Meiling said that out of the company development plan and "Meiling" brand management needs to maintain unity. Meiling was Meiling Group, a subsidiary of Sichuan was later
Changhong
Holdings. The market analysts tell "
IT
Time magazine, "Meiling this the real reason, should be interested in the overall acquisition of Meiling Changhong Group, thus it is not powerful appliance business once again inject new resources and more market competition for the right to speak. He said, including the United States and the other home appliances, including giants made it clear that to participate in the bid, which allow Changhong can not sit by and watch.
Curve attack
Meiling Group's 100% owned equity transfer plan as early as 2008 began.
Source, due to regulation in 2008 will focus on the enterprise by the reduction of 67 to 22, the city announced early last year the SAC has a story titled "Hefei campaign of state-owned enterprises this year, Yao Da," the notice plans to transfer by way of bidding out of state capital. Meiling Group is listed as one of the key restructuring targets.
2008 7 14, Hefei Meiling Group, the SAC will be 100% state-owned shares, including listed companies Meiling Electrical 7.49 percent stake, to the newly established free Xingtai Holding owned company, then put 80 million yuan to complete the Meiling Group 1 811 employees out of state status. With 31, Hefei Xingtai Holding Property Rights Exchange in the first release of "Hefei Meiling Group Holdings Limited 100% state-owned property rights transfer notice," Meiling Electrical 7.49 percent than the transfer of assets and the Meiling Chang
Refrigerator
Trade mark rights of all property rights of foreign assets, the transfer opening bid was 358 million yuan.
2005 11 6, Changhong, the price of about 174 million purchase Meiling 20.03% of the shares and became the company's largest shareholder. The following year on February 16, Changhong Electric, Chairman Zhao Yong Meiling elected chairman. According to the trade rumors last year, Changhong, Meiling Group intends to buy 100% state-owned property, but there are plans to increase the proportion of Meiling Electrical Holdings to 30% or more, or think in the balance after the holdings of Meiling wholly owned by the United States than Link Group more cost-effective (December 1, 2008, Meiling's share price is 3.2 yuan, Changhong acquired in the secondary market, if its 10% stake, a price less than 80 million yuan, while the acquisition of 100% stake in Meiling Group will need to 360 million yuan), so I did not shot.
Up 11 at the end of 2008, Xingtai Holdings and U.S. private investment company CNAG Fund Meiling Group to acquire an initial consensus on the state-owned shares, which this has paid 12 million yuan in the bidding deposit. The two sides reached the end of 2008 the transfer agreement. Then, CNAG President of the Fund CHRIS said Meiling company on the restructuring of assets, the company intends to Meiling into the U.S. stock market, after it become the second Chinese company Haier appliance companies in U.S. listed companies. However, with the
Financial
Further exacerbated the crisis, the transfer of work is not finalized.
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