考研论坛

 找回密码
 立即注册
查看: 95|回复: 0

Regulator Scuttles Sale of Appliance-firm Stake

[复制链接]

33万

主题

33万

帖子

100万

积分

论坛元老

Rank: 8Rank: 8

积分
1007237
发表于 2017-8-6 14:21:20 | 显示全部楼层 |阅读模式
英语阅读是考研英语的重头戏,怎么复习?怎么训练?建议同学们采取英语朗读的方法每天练习10-20分钟,快速提升英语的阅读能力和听力水平!
    China's securities regulator has blocked Goldman Sachs Group Inc's plan to buy a stake in Guangdong Midea Electric Appliances Co, the Chinese manufacturer said yesterday.
    Analysts said the rejection probably was because Midea's share price had increased substantially since the global investment banking giant's original purchase offer.
    Midea's shares lost ground after the announcement. An official in Midea's securities department declined to comment on the regulatory rejection.
    The proposed deal, announced in November, was approved earlier by the Ministry of Commerce.
    "The deal probably didn't pass because of the low transaction cost compared with the current stock price," said Xu Yinhui, an analyst at Guotai Jun'an Securities Co.
    During the lengthy approval process by the China Securities Regulatory Commission, the Guangdong company's share price increased almost sixfold.
    Midea, a major domestic home appliance maker, announced in November it would place 75.6 million shares with GS Capital Partners Aurum Holdings - a wholly owned subsidiary of the US investor - for 9.48 yuan (US$1.26) a piece. The shares, which were trading publicly for 6.12 yuan at the time, represented a 10.7 percent stake in the Chinese manufacturer.
    Midea said it would use the 716.64 million yuan generated by the deal to pay off debt and fuel cash flow.
    In June, the Guangdong maker doubled its outstanding shares, adjusting the stake purchase to 151 million shares with a price of 4.74 yuan per share.
    Xu said the two companies can resubmit the deal for approval after revising its terms. But the new share price should be no less than the average price during the 20 days before the company board reapproves the deal, according to regulations.
    Midea's share price dropped 3.6 percent to 34.5 yuan on the Shenzhen Stock Exchange yesterday. It has jumped 500 percent so far this year, compared with a 161.5 percent increase in the Shenzhen Composite Index.
    Analysts said the failure to complete the transaction would lead to a short-term correction in Midea's share prices, which, in the long run, will remain bullish as a result of the company's robust earnings growth.
    First-half net income expanded 113.88 percent to 710.48 million yuan, Midea said in a statement posted on the Shenzhen bourse yesterday. Revenue reached 19.05 billion yuan in the first six months, compared with the 12.49 billion yuan a year earlier.
            听力和书面表达通常是我们学生的弱项,希望大家在英语朗读的方法下,并结合实际情况安排练习,不要一味模仿别人,要在练习过程中及时总结经验,包括时间安排等,让自己的考研英语水平得到一个很大的提升!
回复

使用道具 举报

您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

小黑屋|手机版|Archiver|新都网

GMT+8, 2024-7-24 11:18 , Processed in 0.072392 second(s), 8 queries , WinCache On.

Powered by Discuz! X3.4

© 2001-2017 Comsenz Inc.

快速回复 返回顶部 返回列表