Recently, Zhengtai Electric planned to acquire 295,534,800 yuan of Zhejiang Zhengtai Instrument and Meter Co., Ltd. for a 66.98% stake, and 78.75 million yuan to purchase 22.5% of the shares of Zhengtai Microfinance Co., Ltd. The total amount of the two transactions reached 370 million yuan.
It is reported that Zhejiang Zhengtai Instrumentation Co., Ltd. had a revenue of 406 million yuan in the first half of this year and a net profit of 617.847 million yuan. Zhengtai Small Loan Company achieved a net profit of RMB 50.55 million in 2011, which is at the forefront of Wenzhou Small Loan Company.
Zhengtai Electric's acquisition is based on its own development considerations. With the development of smart grid construction in China, a huge market space has attracted many companies to join them, and the market is still expanding. The acquisition of Zhejiang Zhengtai Instrument and Meter Co., Ltd. is mainly optimistic about its potential in the smart grid field in the next few years, and can enhance the competitiveness of Zhengtai Electric in the smart grid field.
Under the current financial reform in Wenzhou, microfinance companies have good prospects for development in the future. This acquisition will not only accumulate experience in the management and investment of the financial sector, but also improve the ability of Zhengtai Electric to prevent and handle financial risks. Of course, after the acquisition, it can also obtain revenue through external financing services. This investment is conducive to promoting the company's industrial investment and improving the company's capital use efficiency.
It is reported that Zhejiang Zhengtai Instrumentation Co., Ltd. had a revenue of 406 million yuan in the first half of this year and a net profit of 617.847 million yuan. Zhengtai Small Loan Company achieved a net profit of RMB 50.55 million in 2011, which is at the forefront of Wenzhou Small Loan Company.
Zhengtai Electric's acquisition is based on its own development considerations. With the development of smart grid construction in China, a huge market space has attracted many companies to join them, and the market is still expanding. The acquisition of Zhejiang Zhengtai Instrument and Meter Co., Ltd. is mainly optimistic about its potential in the smart grid field in the next few years, and can enhance the competitiveness of Zhengtai Electric in the smart grid field.
Under the current financial reform in Wenzhou, microfinance companies have good prospects for development in the future. This acquisition will not only accumulate experience in the management and investment of the financial sector, but also improve the ability of Zhengtai Electric to prevent and handle financial risks. Of course, after the acquisition, it can also obtain revenue through external financing services. This investment is conducive to promoting the company's industrial investment and improving the company's capital use efficiency.
Seamless steel pipe is a tubular section or hollow cylinder, usually but not necessarily of circular cross-section, used mainly to convey substances which can flow - liquids and gases (fluids), slurries, powders and masses of small solids.
Steel Pipe & Tubing - All you need to know
Steel Pipe & Tubing seem similar at first blush and in fact they share many characteristics but they also have some important differences.
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