Feile Audio announced on October 18 that the restructuring plan for the acquisition of Beijing Shenan Group passed the anti-monopoly review of the relevant operators of the Anti-monopoly Bureau of the Ministry of Commerce. The Anti-Monopoly Bureau of the Ministry of Commerce acquired Beijing Shenan Investment Group Co., Ltd. for Feile Audio. The % equity case is not subject to further review.
According to the "Anti-Monopoly Law of the People's Republic of China" and the "Regulations of the State Council on the Standards for the Concentration of Business Operators", all the operators participating in the concentration have a turnover of more than 2 billion yuan in China in the previous fiscal year, and at least two of them. The operators shall concentrate on the concentration of business operators whose turnover in China in the previous fiscal year exceeds 400 million yuan. The operators shall report to the competent department of commerce of the State Council in advance, and the undeclared shall not be concentrated. On September 19th, the website of the Anti-Monopoly Bureau of the Ministry of Commerce publicized the acquisition of the shares of Beijing Shenan Group by Feile Audio. On October 17, Fei Le Audio completed the anti-monopoly review and obtained approval from the Ministry of Commerce.
On August 7th, the evaluation report on the restructuring of Feile Audio was confirmed by the Shanghai State-owned Assets Supervision and Administration Commission. On August 11, the reorganization plan was approved by the Shanghai State-owned Assets Supervision and Administration Commission, and was accepted by the CSRC on September 4 and received on September 22. The China Securities Regulatory Commission has a feedback, and the restructuring plan will eventually be implemented after approval by the CSRC.
According to the reorganization draft, Feile Audio intends to acquire 100% equity of Beijing Shenan Group by issuing shares and paying cash, and Beijing Shenan Group has a price of 1.59 billion yuan. Beijing Shenan Group is a comprehensive enterprise integrating design, research and development, production and sales of high-brightness LED lighting products, outdoor lighting, landscape lighting, indoor lighting and other lighting projects. In 2013 and 2014, 1-5 Monthly operating income was 419 million yuan and 393 million yuan respectively, net profit was 0.71 billion yuan and 159 million yuan respectively. The projected net profit in 2014, 2015 and 2016 was 136 million yuan, 191 million yuan and 271 million yuan respectively.
According to the "Anti-Monopoly Law of the People's Republic of China" and the "Regulations of the State Council on the Standards for the Concentration of Business Operators", all the operators participating in the concentration have a turnover of more than 2 billion yuan in China in the previous fiscal year, and at least two of them. The operators shall concentrate on the concentration of business operators whose turnover in China in the previous fiscal year exceeds 400 million yuan. The operators shall report to the competent department of commerce of the State Council in advance, and the undeclared shall not be concentrated. On September 19th, the website of the Anti-Monopoly Bureau of the Ministry of Commerce publicized the acquisition of the shares of Beijing Shenan Group by Feile Audio. On October 17, Fei Le Audio completed the anti-monopoly review and obtained approval from the Ministry of Commerce.
On August 7th, the evaluation report on the restructuring of Feile Audio was confirmed by the Shanghai State-owned Assets Supervision and Administration Commission. On August 11, the reorganization plan was approved by the Shanghai State-owned Assets Supervision and Administration Commission, and was accepted by the CSRC on September 4 and received on September 22. The China Securities Regulatory Commission has a feedback, and the restructuring plan will eventually be implemented after approval by the CSRC.
According to the reorganization draft, Feile Audio intends to acquire 100% equity of Beijing Shenan Group by issuing shares and paying cash, and Beijing Shenan Group has a price of 1.59 billion yuan. Beijing Shenan Group is a comprehensive enterprise integrating design, research and development, production and sales of high-brightness LED lighting products, outdoor lighting, landscape lighting, indoor lighting and other lighting projects. In 2013 and 2014, 1-5 Monthly operating income was 419 million yuan and 393 million yuan respectively, net profit was 0.71 billion yuan and 159 million yuan respectively. The projected net profit in 2014, 2015 and 2016 was 136 million yuan, 191 million yuan and 271 million yuan respectively.
A power cord, line cord, or mains cable is an electrical cable that temporarily connects an appliance to the mains electricity supply via a wall socket or extension cord. The terms are generally used for cables using a power plug to connect to a single-phase alternating current power source at the local line voltage-(generally 100 to 240 volts, depending on the location). The terms power cable, mains lead, flex or kettle lead are also used. A lamp cord (also known as a zip cord) is a light-weight, ungrounded, single-insulated two-wire cord used for small loads such as a table or floor lamp.
Power Cord,Home Appliance Power Cord,Power Cable Cord
Dongguan YAC Electric Co,. LTD. , https://www.yacentercn.com