The new material and the acquisition of ef
The new material and the acquisition of ef
Times new materials with Germany in Berlin, Germany zf-group company acquired Germany's subordinates zf-group rubber and plastic business matters, signed the cooperation memorandum, which began in December 2013, the cooperation of both sides talks things over to buy a fixed amount of 290 million euros.
In order to avoid abnormal stock price fluctuations, the company applied for an emergency suspension of trading on the Shanghai stock exchange on March 31 and resumed trading at 9.27 yuan on the morning of April 1, up 2.43 percent.
The new material is a subsidiary of CSR. According to the memorandum of cooperation signed by the two parties, new materials of The Times proposed to set up a wholly owned subsidiary in Germany as the acquisition subject, and the cash acquisition of BOGE rubber and plastic business under the subsidiary of esf group. The deal is the total assets of BOGE rubber and plastics, which are owned by ef.
Mainly includes, BOGE Germany all related business assets, BOGE France 99.9955% stake, BOGE 100% stake in us (need to peel oil pan and organic sheet business), BOGE Slovakia 100% stake (need to peel oil pan and organic sheet business), BOGE Australia 100% stake, BOGE Brazil 99.98% stake, BOGE 100% stake in China.
Era of new material, said if the company fails to finish the master purchase agreement payment obligation, CSR commitment by "increase registered capital", "shareholder loan" to the era of new materials provide equivalent total cost under the purchase agreement with the buyer or buyer's designated party has to pay the price difference between the financial support.
The era of new material and Germany is zf-group on December 11, 2013 in Germany and the zf-group era new material about the deal signed by the master purchase agreement involves the purchase price, delivery conditions, delivery locations, delivery mode and so on has carried on the confirmation again. The terms of the memorandum are consistent with the main purchase agreement.
According to the memorandum of cooperation, the two parties will cooperate in good faith to assist in completing the pre-settlement steps and preconditions of the main purchase agreement, so as to facilitate the purchase of the purchase as soon as agreed in the main purchase agreement. According to the memorandum of cooperation, the two parties will cooperate in good faith to assist in completing the pre-settlement steps and preconditions of the main purchase agreement, so as to facilitate the purchase of the purchase as soon as agreed in the main purchase agreement.
China south locomotive and time new materials acquire Germany to adopt the eef rubber and plastics business to implement the "go out" strategy. In 2013, the government work report of the state council made it clear that "speeding up the implementation and going out" strategy encourages enterprises of all kinds to invest and operate internationally. The development of Chinese enterprises "going out", not only can help enterprises to use of two markets at home and abroad, in the global range configuration resources, promote industrial upgrading, and to reduce the trade friction with the European and American countries. Therefore, implementing the "going out" strategy is of great significance and has become a new strategic initiative for important enterprises in China to participate in international cooperation and competition. The acquisition responds to the state council's strategy of "going global" and is in line with the direction of the internationalization of CSR group.
