Tires & Rubber Products
Jiangsu Hongda New Material Co Ltd <002211.SZ> : Says it plans to acquire Yongle Film and Television for about 3.26 billion yuan ($499.96 million) via asset swap, cash, share issue .Says it plans to raise up to 1 billion yuan in private placement of shares to fund acquisition, replenish capital, repay loans.
Zhejiang Jingu Co Ltd:Says its Hong Kong-based wholly owned subsidiary Asia Wheel Holding Limited to fully acquire 100 pct stake in a Hong Kong-based firm DBREAKS INTERNATIONAL (HONGKONG) CO., LIMITED (target company) for HK$100 million.Says the Shanghai-based finance lease firm which is wholly owned by the target company, will also be the wholly owned sub-subsidiary of the company's unit after the transaction.
Zhejiang Double Arrow Rubber Co Ltd:Completes acquisition of 60 pct stake in an Australia-based company International Conveyor Products Pty Limited (ICON) from M&L Wilson Investmenta Pty Limited, T&S Hunt Pty Limited and Lydna Wilson, for A$2,437,337.60 in total.Raises stake in ICON to 60 pct from 0 pct.
Sinochem International Corp:A Singapore-based subsidiary to acquire 30.07 pct stake (180,439,576 shares) in Halcyon Agri Corporation Limited from Angsana Capital Ltd, Clear Tower Investments Limited, Pascal Guy Chung Wei Demierre and Leonard Peter Silvio Beschizza at S$0.75 per share.The subsidiary will offer a tender offer for shares of Halcyon Agri Corporation Limited and to hold no less than 53.98 pct stake in Halcyon Agri Corporation Limited.Acquisition amount is no less than S$240 million.
Yokohama Rubber Co Ltd:To acquire 132,923 shares (100 pct voting rights) in Netherlands-based company Alliance Tire Group from KKR AT Dutch B.V., Yogesh Agencies and Investments Private Limited, International Finance Corporation, and Mr.Zubin Dubash.Transaction price 1.5 bln yen (including expense).Planned effective July 1.
Dalian Rubber & Plastics Machinery Co Ltd:Completes the acquisition of 99.99 pct stake in a chemical fiber firm through share issuance and cash payment.
Jantsa Jant Sanayi ve Ticaret AS:Buys equipment at 3.2 million turkish lira from JMW Jant Sanayi.
Dalian Rubber & Plastics Machinery to acquire stakes in chemical fibre firm for 10.8 bln yuan and aims to raise 1,600 mln yuan via private placement
Dalian Rubber & Plastics Machinery Co Ltd:Says to acquire 99.99 percent stake in a chemical fibre firm for about 10.8 billion yuan via cash, share issue.Plans to issue up to about 253.2 million A shares and aims to raise 1,600 million yuan via private placement.