Appliances, Tools & Housewares
Ningbo Xinhai Electric Co Ltd : Sees net profit for 2016 to increase by 55 percent to 85 percent, or to be 77.2 million yuan to 92.2 million yuan . Says the net profit of 2015 was 49.8 million yuan .Comments that the acquisition of equity in a medical supplies company is the main reason for the...
Midea Group Co Ltd : Says its Q3 net profit up 23.2 percent y/y at 3.3 billion yuan ($487.52 million) .Says it plans commercial paper of up to 10 billion yuan ($1.48 billion), medium-term notes of up to 20 billion yuan.
Newell Brands Inc : Newell Brands CEO - hopeful co finalizes divestitures by end of year or early 2017, so co can begin to acquire brands in core categories later in 2017 Further company coverage: [NWL.N] ((Bangalore.firstname.lastname@example.org;)).
Mergers & Acquisitions
- Somfy acquired the entire share capital of MyFox
- Hisense Kelon Electrical updates on wealth management agreement with Agricultural Bank Of China
- Anhui Lucky Health Technology completes acquisition of two firms
- Shanghai Canature Environmental Products unit completes acquisition stake in Shanghai pharmaceutical firm
- Shanghai Canature Environmental Products unit buys 51 pct stake in medical investment firm for 25.5 mln yuan
- Lifetime Brands acquires Copco product line from Wilton Brands
- Kin Yat enters LOI with Dushan Edz Administration
- Chigo Holding says unit enters into equipment purchase agreement
- Gud Holdings acquires NZ automotive wholesaler
Restructuring & Reorganization
Expansion & New Markets
- Tsann Kuen (China) Enterprise unit to set up sub-unit
- Guangdong Tonze Electric to set up subsidiaries
- KingClean Electric to launch Guangzhou-based branch
- NIHON TRIM sets up new unit in Korea
- Anhui Lucky Health Technology to invest 10 mln euros to set up unit
- Guangdong Homa Appliances to set up wholly owned subsidiary
- Ningbo Xinhai Electric sets up new unit and new unit to buy 20 pct stake in Zhejiang medical equipment maker
- Hefei Meiling units to set up new company
- ShenZhen Yitoa Intelligent Control to set up wholly owned subsidiary
- Anhui Lucky Health Technology to establish new subsidiary
No related earnings announcements are currently scheduled within the next 7 days.