Waiting for the Ministry of Commerce approved a plan B. Supor – Supor, electric cookers, electric pressure cooker – HC Network Appliance Industry-hc360

Is neither illegal nor in the French group SEB and Supor are striving to make the acquisition of relevant departments as soon as possible the final approval.

Recent market rumors that are waiting
Business
Anti-Monopoly Ministry approved the acquisition of Supor has submitted the report of the Commission. Zhejiang Province Securities Regulatory Bureau of listed companies, Deputy Director of Xiajian Ting Jian Guanchu 2 confirmed to this newspaper, has received a takeover proposal submitted Supor copies, but "only a comment character copies, not the official version."

Understand the situation told us: "Supor the report submitted to the Commission may take the second set of reporting options." Acquired from Supor Group SEB of France, and then implementation of the "directed additional + part of the offer "This was in the SEB, while a controlling stake in Supor, Supor Group will not contravene the share reform commitments. Su's name because his son will continue to hold more than 30% of the shares of the company.

Hope to marry

1991 after graduating from university, Su Xianze took over his father founded Supor Su Zengfu since the primary, all the way through the "Teflon" incident false alarm, the stock fell below the issue price of remorse, raw materials, the pressure rose, eventually The world survived, but I am afraid that only Su Xianze Lengnuanzizhi during difficult.

Global
Cooking utensils
,
Small appliances
Giant SEB acquired in recent years in China, state-owned Shanghai Star
Iron
Plant, with Ai Shida, Will and other producers were in talks to buy cooking utensils intention. Through the acquisition of Chinese enterprises to produce and sale center "relocated" to China at the same time take the opportunity to enter the Chinese market is a strategic choice and the SEB inevitable development path.

This year in July, the state allows foreign acquisitions of domestic A-share companies, the two sides that is lightning, "married", the negotiations took less than a month.

Now everything is ready, he sent for the approval last step. Zhejiang Province Securities Regulatory Bureau of Xiajian Ting said it has received takeover proposal submitted Supor copies, "This is not the official version." Xia Jianting
Table
Said Supor first to get the Ministry of Commerce "anti-monopoly" approval, then the Department will submit to the Commission issued private placement program.

"This will be a number of relatively simple, not so complicated as the IPO," Xia Jianting said, "Supor actually involved in M & A first, followed by the acquisition of listed companies, approval of the acquisition program will have to wait until the Ministry of Commerce approved formally submitted until after. "

Second program

Insider said, "There Supor second report program." The source said, Supor and SEB's acquisition of France has passed through the board, classification of the shareholders meeting, there will not be approved the Ministry of Commerce problem, if there are problems, certainly out in the Commission submitted the report.

"Proposal submitted to the Ministry of Commerce and the original program is consistent, that is, Supor SEB Group will hold 52.7% -61% of the shares." Supor secretaries to directorate Ye Jide told the newspaper.

According to the original proposal, the merger agreement SEB will transfer, equity, part of the way of tender offer made Supor 52.7% -61% stake.

Specifically, the first step, agreement transferee Supor Group, Suzeng Fu and Su Xianze held 25,320,116 shares of Supor shares in total, the agreement the board agreed that the transfer has been Supor; the second step, Supor Board of Directors has agreed to wholly owned subsidiary of SEB million shares of Private Placement 4000, SEB will be held after the issuance of shares in Supor 30.24%; the third step, in view of the above strategy SEB
Investment
Tender offer would trigger the obligation, SEB will be sent to all shareholders Supor acquisition of some of the shares held by an offer, part of the tender offer the number of shares to 66,452,084; if the part of the tender offer completed, SEB will be held 61% of Supor shares and became the controlling shareholder, while the Soviet Union and his son stake will shrink to 0% -17%, which would be contrary to Supor father and son share reform when the Soviet Union's commitment: In 2010, the company holding not less than 30 years ago % of the shares.

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