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Societe BIC absorbs Bic Clichy

1:57am EDT

Aug 21 (Reuters) - SOCIETE BIC ::SAID ON FRIDAY, SOCIETE BIC AND BIC CLICHY DREW UP MERGER PLAN.BIC CLICHY WILL CONTRIBUTE ENTIRETY OF ITS ASSETS AGAINST TAKING OVER OF ITS LIABILITIES.AS SOCIETE BIC HOLDS 100 PCT OF SHARES OF BIC CLICHY AND UNDERTAKES TO HOLD THEM CONTINUOUSLY UNTIL COMPLETION OF THE MERGER, OPERATION IS FULL MERGER.THE MERGER WILL BE EFFECTIVE ON SEPT. 30, 2017 WITH RETROSPECTIVE EFFECT ON JAN. 1, 2017 FOR ACCOUNTING AND TAX PURPOSES.RESULTS OF ALL TRANSACTIONS AFFECTING ASSETS OR LIABILITIES CARRIED OUT BY BIC CLICHY FROM JAN. 1, 2017, TO COMPLETION OF MERGER WILL BE CHARGED OR CREDITED EXCLUSIVELY TO SOCIETE BIC.ENTITY'S ASSETS AND LIABILITIES OF BIC CLICHY WILL BE TRANSFERRED, AT NET BOOK VALUE AS OF DEC. 31, 2016, TO SOCIETE BIC; TRANSFERRED NET ASSETS AMOUNT TO EUR 1.29 BLN.DIFFERENCE BETWEEN TRANSFERRED NET ASSETS VALUE AND BOOK VALUE OF SHARES RECORDED IN SOCIETE BIC’S ACCOUNTS WILL LEAD TO MERGER PREMIUM OF EUR 492.4 MLN.THROUGH COMPLETION OF MERGER, BIC CLICHY WILL BE DISSOLVED.

Nanjing Inform Storage Equipment Group sees H1 FY 2017 net profit up 25 pct to 30 pct

Thursday, 27 Jul 2017 04:17am EDT

July 27 (Reuters) - Nanjing Inform Storage Equipment Group Co Ltd <603066.SS>:Sees H1 FY 2017 net profit to increase by 25 percent to 30 percent.Says H1 FY 2016 net profit was 33.3 million yuan .Says increased income from automation system integration business and e-commerce business is the main reason for the forecast.

Suzhou TA&A Ultra Clean Technology sees H1 FY 2017 net profit could rise up to 15 pct

Thursday, 13 Jul 2017 03:46am EDT

July 13(Reuters) - Suzhou TA&A Ultra Clean Technology Co Ltd <300390.SZ> ::* Sees H1 FY 2017 net profit could rise up to 15 percent, or to be 11.2 million yuan to 12.9 million yuan.* Says H1 FY 2016 net profit was 11.2 million yuan.* The reasons for the forecast are increased sales scale and steady development of all business .

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