Ligeance Mineral intends acquire UK Gardner by RMB280 million
2017-04-14 17:55:51 [Print]
According to announcement from Shaanxi Ligeance Mineral Resources Co., Ltd., the company intends to acquire the full equity of UK Gardner by cash payment. The transaction price is expected to reach about RMB326 million of pounds or about RMB279,336.36.
According to the announcement, Gardner is a first-class aviation technology company in Europe with well business and stable profitability. By way of this acquisition, the gate for the US and European market will be opened helped by Gardner for products based on technological advantages of rare metals from listed companies and super alloy material from Chengdu Aerospace Superalloy Technology and single crystal blade technology. Meanwhile, the technological capability in high-end manufacturing industry will also obtain the support from listed company to explore the Chinese market, expanding the global business.
At the same time, the synergistic effect of Gardner and the listed company's original industries will gradually establish the new position of listed company’s aviation manufacturing enterprises of in the whole industry chain, further promote the development of aviation related business, complete the business layout of listed company’s aviation sectors and enhance the company's sustainable development and profitability.
Before the funds collected from IPO is in position, Ligeance Mineral will pay this acquirement through fund loans and bank loans in advance and relevant borrowing costs will offset consolidated net profit of listed companies to some extent.
According to the announcement, Gardner is a first-class aviation technology company in Europe with well business and stable profitability. By way of this acquisition, the gate for the US and European market will be opened helped by Gardner for products based on technological advantages of rare metals from listed companies and super alloy material from Chengdu Aerospace Superalloy Technology and single crystal blade technology. Meanwhile, the technological capability in high-end manufacturing industry will also obtain the support from listed company to explore the Chinese market, expanding the global business.
At the same time, the synergistic effect of Gardner and the listed company's original industries will gradually establish the new position of listed company’s aviation manufacturing enterprises of in the whole industry chain, further promote the development of aviation related business, complete the business layout of listed company’s aviation sectors and enhance the company's sustainable development and profitability.
Before the funds collected from IPO is in position, Ligeance Mineral will pay this acquirement through fund loans and bank loans in advance and relevant borrowing costs will offset consolidated net profit of listed companies to some extent.
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