From Colorful Electric Co., Ltd. Ningbo, Zhejiang, or will take over the Meiling Group, as the latter’s new owner. Information, Ningbo CLS was established in 2002 and headquartered in Ningbo City, turnip water port industrial area, is a manufacturer of refrigerators, washing machines and other products of private enterprise, research, development and sales. However, after taking over Meiling Group, the new owner will then face a series of severe test.
High-profile announcement in mid-August was like to take over the “old owner” Meiling Group, 100% state-owned property Meiling, ultimately failed to “realize their dreams.” Meiling announced on last Saturday, the company on 4 September 2009 took part in morning trading center of property rights held in Hefei Meiling Group, 100% of state property listing site open bid, bid results announced at the scene, the company failed to bid successfully.
The reporter from the relevant sources of information display, from
Zhejiang Ningbo China TV Meiling Group, or will become the new owner.
Transfer of property second degree Meiling Group 7 31, Hefei Xingtai Holding Group issued “on the Hefei Meiling Group Holdings Limited 100% state-owned property rights transfer notice”, open to transfer its holdings of Meiling Group divestiture of some assets owned 100% of liabilities property, which is since 2008, Hefei Xingtai Meiling Group, the second attempt the transfer of state property.
According to the transfer of Xingtai Holding
notice, the transfer of the underlying principal assets include long-term investment and intangible assets, including long-term investment is the Hefei Meiling Appliances Industry and Trade Co., Ltd., the British Kate Meiling Appliance (Hefei) Co., Ltd., Hefei British Kate Electric Co., Ltd., 7 companies 100% owned equity, and the Hefei Meiling Packing Products Co., Ltd. 51.74% state-owned shares.
And Meiling Group refers to intangible assets, “Meiling” trademark and “Meiling” firm the exclusive right. It is reported that, “Meiling” trademark registered a total of 28 types of goods, Meiling Group has 11 classes and outside addition to all registered “Meiling” trademark, and has 11 categories, in addition to
Refrigerator , Freezers, Air conditioning Outside “Meiling” trademark right to free use of 24 years.
According to the announcement, the Meiling Group’s 100% owned property (after stripping part of the balance sheet) of the transfer of the reserve price has moved from April 2008 of 358 million yuan down to the current 111 million.
Previously listed in the first year after the transfer, the U.S. private equity fund CNAG parties had reached an initial agreement with Hefei, said Meiling company assets in the reorganization, the company intends to Meiling into the U.S. stock market, so that Its become the Haier household electrical appliance enterprises in China after the second listed company in the United States. But by the end of 2008, global
Financial Crisis affected the property rights transfer is hindered.
Meiling attempted to take up In Meiling Group, listed on the transfer state-owned property soon after the second 8 12, Meiling announcement that due to the acquisition of Meiling Group to implement development plans and conform to the company “Meiling” brand unified maintenance management need for this, the Board agreed to Meiling participate in the transferee as the intention to bid.
Meiling major shareholder of Sichuan Changhong Say, due to historical reasons, Meiling refrigerator trademark ownership of listed companies currently, but
Washing machine , Small appliances, packaging products, cooling pipes and other products are still in the Meiling trademark ownership group, and these products exist in some quality problems in the past has affected the “Meiling” trademark reputation, so we’re hoping with this bid to solve the problems left by history.
The same time, 100% of the Meiling Group, the transfer of state-owned property rights reserve price has moved from April 2008 to 358 million yuan down to the present 111 million, the purchase price has been close to one’s own psychological acceptable price.
The source also said, according to financial reports released by Meiling Group, Meiling Group, washing machine, cooling pipes and other services are maintaining profitability, and is not Changhong the industry, such as in solving the trademark problem, can Meiling Group, part of the access to quality assets, “kill two birds with pieces of things obviously.”
Ningbo Nightlife or White
However, despite the notice issued earlier Meiling meaning seems determined to win, and the transfer of property listed announced intention of the transferee for a number of restrictive conditions put forward, the market analysts interpret “seems to Changhong tailored” But Meiling was lost in the bidding in the final.
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