Category: Money tips Release Date: 2006-01-03
"I have rich experience in China, a colleague said that so far, he has not seen any other foreign companies trying to take over as Greencool such a complex project with local characteristics."
At 2:00 p.m. on November 29, 2005, Beijing Chaoyang Park near the coffee shop, an American businessman Braque (Barak H. Bussel) - the title on the card is the third wave (THIRD WAVE) Private Capital Group Managing Partner -- - told reporters tell the story of a pass by him and Greencool.
Kelon was imprisoned until the Gu Chujun was sold during the Greencool department in the end what happened? Today, the Department of reorganization will be drawing to an end Greencool, Braque, and the third wave behind him surfaced.
Braque said that, for any one merchant, the purchase Greencool are a sufficient challenge to the Department of thing - it's a Kelon Electrical (000921.SZ), Greencool (8056.HK), the United States Ling Electric (000521.SZ), * ST Yaxing (600213.SH) four listed companies, listed companies each have their own problems.
Overall 1.5 billion acquisition of Greencool Time dating back to 4 months before the July 29, Gu Chujun from Shanghai to Beijing.
"In Shanghai, the old care to our veterans in Beijing called and said that on the plane, but the plane upon arrival in Beijing airport, but did not receive one, was very anxious, but no one thought would be that the old care was arrested. "revealed a person close to Gu Chujun.
Gu Chujun was imprisoned, after the Department of restructuring will be bustling as the Greencool formally took over the National Federation of Industry commissioned Gu Chujun, in order to Greencool to find a strategic partner.
As a third wave of foreign investors into the Federation of Industry view.
The third wave was established in 1996, the main business, including real estate investment, and asset acquisitions, venture investments. According to Braque said the founder of the third wave from Iran, Israel and other Middle Eastern countries, prominent family.
"Our areas of interest include real estate, manufacturing, telecommunications and information technology, energy, and appliances." Blach said.
Early August, the third wave began to Greencool reorganization, initial contact, the third wave to assist federations to the submission of the restructuring program. In the Federation of Industry restructuring plan submitted to the parties concerned, the third wave and Goldman Sachs are the only two foreign investors.
The third wave that Greencool many assets, including Kelon and Meiling is very valuable, to be proper if the reorganization and management, will be full of vitality. Greencool's third wave of hope to the Kelon, Meiling and related assets as the basis, in the appliance industry to build a China-based global industry leader.
China Federation of Industry suggested that the Department of Greencool transfer price, it should be not less than the total debt owed by Gu Chujun. After a large number of audits and in-depth analysis, the third wave with the Federation of Industry as a whole reached 1.5 billion yuan acquisition of the initial framework for the Department of Greencool.
However, while in the third wave of intervention, including the U.S., and Geli, Changhong, China General Technology Import and Export Corporation, Cheng Tong, LG, Haier, Hong Kong, China Resources, 10000 and, Glanz, Whirlpool, TCL more than ten companies are owned by Kelon to Gu tossed out the Hydrangea.
September 15, issued a public notice Kelon, Hisense Air-conditioning protocol Greencool transferee holds 26.43% of Kelon shares total 262 million shares, the agreement of transfer pricing to 9 billion yuan (3.432 yuan per share).
Braque that Kelon is a spin-off from the green cool lines because: "In the Federation of Industry, after submission of the program, the relevant departments that Kelon is a national brand, can not be sold to foreign investors, so Hisense ranked in the forefront as the Domestic buyers to buy Kelon. "
