Completely out of the U.S. attempt to layout small appliances large appliances
Microwave oven will not sell the business, the U.S. appliance gives notice of 19 clear answer: completely out of small home appliances business.
Announcement that the company intends to subsidiary household appliances, Foshan Midea Group Co., Ltd. 85% of the shares transferred to the company's controlling shareholder of America's Group Limited, the two sides was on May 19 concluded in Shunde, Guangdong the share transfer agreement. Transfer is complete, the U.S. electrical appliances will be small business complete withdrawal, then the United States through the integration of the Group's major appliances business, but the layout for the main business of large home appliances business strategy.
To give up small appliances Announcement revealed that the former Xinhua Group was established in 1998, "Foshan Electrical Appliance Manufacturing Co., Ltd. U.S. families", its main business is manufacturing household electrical appliances, the registered capital of 180 million yuan, Midea Midea Group were held with 85% and 15% of the shares.
Before the stock transfer, stock transfer to ensure the smooth progress of the U.S. electrical power groups of the Japan equity restructuring itself from a direct holding of stocks of all small appliance business transfer to the Xinhua Group or its subsidiaries. Before the reorganization, the U.S. holding a number of small electrical appliances directly to the company, restructured, Xinhua Midea Group acquired a direct equity holding of small home appliances business.
2005 3 16, Midea Midea Group and Xinhua in order to ensure internal equity reorganization work smoothly, the proportion of its capital increase shares by the two sides, the registered capital increased to 400 million yuan , the capital increase of 220 million yuan for the acquisition of major U.S. appliances small home appliances business directly held shares, the purchase price totaled 363 million yuan. Since then, the U.S. group will hold its 15% stake in home appliances transferred to the U.S. home appliance Co., Ltd. Foshan City.
2005 3 25, "home appliances" was renamed "Foshan Midea Household Appliance Group Co., Ltd." So far, Xinhua Group shares held by the United States and 85% of electrical appliances, home appliances company holds 15%. The U.S. holds 85% of the electrical transfer to the U.S. the group once, Xinhua Group's equity will again change for the Group holds 85% of the U.S., home appliances company holds 15%, while the U.S. will complete small electrical appliances withdrawn.
Improve the financial situation Fact, Xinhua Group, the financial data does not look good, and the company's first quarter 2004, and has no small amount of the loss.
Notice disclosure, according to audited financial statements Xinhua scrimmaging, as of December 31, 2004, the company amounted to 486,021.08 million yuan of assets, liabilities, amounted to 471,748.47 million, accounts receivable amounted to 135,342.51 million, excluding minority interests in net assets of 4,475.89 million. 2004 Main business income of 587,884.48 million and net profit for the -9,141.20 million. January-March 2005, the company's main business revenue of 200,647.31 million and net profit for the -2,258.13 million.
While the share transfer pricing basis for the Group's audited Xinhua March 31, 2005, net assets, plus 15% premium on the identification, transfer the amount of 24,886.92 million in . Midea 2005 will therefore receive more than 3,246 million of related party transactions spread.
Notice that, in general, the share transfer to the U.S. electrical financial position and operating results will have a positive impact. After a small electrical appliance business of the United States one of the main industry, accounting for nearly three years, the company main business income of 1 / 3. Although the stock transfer, if
Air conditioning And Compressor Growth not enough to offset the sale of small household appliances business revenue to reduce the U.S. presence electrical main business will be reduced to some extent, but according to 2004 data of operation of small appliances, small home appliances business in 2005 assumed the operating conditions unchanged, the company will be able to purchase a small appliance business due to no longer need to assume its operating loss, thus enhancing the company's profitability.
Simulation according to Xinhua Group accounting statements and financial reports for 2004, excluding Xinhua Group related businesses, the company's 2004 merger of the main business income will be reduced by 5.38 billion yuan, the main business profit reduce the 943 million yuan, but the total profit will increase by 091 million yuan, asset-liability ratio will drop to 58.47 percent.
Layout of large household appliances The agreement, transfer of equity interests in the future, the U.S. and Japanese electrical power may not engage in the same group or competition-related businesses, and gradually establish their own layout in a large household appliance industry.
Announcement said the United States and the electrical will be in the future when the time is ripe to continue to deepen business layout restructuring, the group's U.S. business to integrate its large appliances, large appliances to form a business arrangement for the core business. The share transfer of funds obtained will be strong into profitability, good market prospects for air conditioning and compressor business.
And Midea Electric stake purchase will allow the United States and the Group's industrial layout more clearly.
Former U.S. subsidiary assets of the Group There are two major sections: the U.S. is still the electrical and Wei Technology Industry Development Group Limited, the former mainly includes air conditioning, small appliances, such as listing assets of the company, whose business scope mainly America's new entry, not part of the assets of listed companies in the industries category. The end of 2004, the U.S. group had a large restructuring move, the re-Wei Sun Group is revoked, the establishment of a refrigeration appliance group, refrigeration appliances from the Hualing Group, Rongshida Sino-US joint venture and U.S. joint venture with Toshiba Carrier three parts. In addition, separate
Real estate Business Department, and Electrical Systems Division. So far, the U.S. group formed two secondary group??? Household electrical appliances and refrigeration appliances, the four main profit??? Appliances refrigeration, home appliances, automobiles and real estate.
U.S. group formed after the rapid expansion of industrial layout, so that the U.S. operation in the capital, human resources, organizational processes, business restructurings and management are urgently needed to improve accordingly. Notice that, the share transfer will benefit the United States to further rationalize the electrical relationship between property rights and management to form a relatively reasonable and clear business division, while further clarity and
I am China Computer Parts writer, reports some information about digital barbecue thermometer , weber smokey mountain 2820 smoker.
Processing your request, Please wait....
