Big Rubber subsidiary buys Canadian Macro 100% stake

NetEase Finance June 4 News of the big rubber plastic Friday evening Notice that the company's holding subsidiary of Great Rubber and plastic International Limited ("Big Rubber International") and Canada Apollo Marketing International Inc. (Apollo International Marketing Company, referred to as "Apollo") reached a preliminary intention　　, the big Rubber International is intended to purchase its holdings of Canadian Macro Engineering & Technology Inc. ("macro") 100% per cent at a price of not more than 9 million US dollars (about 61.2 million yuan). Large rubber and Plastic bulletin said, after the acquisition, can effectively integrate macro company's research and development capabilities and our company's processing advantages. On the one hand, we can continue to use the macro company's brand advantage, consolidate and expand the market share of the high-end, on the other hand, through technology transfer, personnel training and other means, enhance my company in the field of plastic processing machinery strength, open up the midrange market, improve the value-added products.　　Macro Company's advantage lies in research and development and design, production capacity is relatively weak, and my company has a strong production strength, through effective integration, both sides complement each other, can further improve the profitability of the two companies.　　The company also said that the acquisition will lead to a change in the scope of the company's report consolidation: Macro Company's sales revenue and profits will be merged into the big Rubber International Limited, the company will be on the large rubber and plastic international equity ratio will be the corresponding income and profits merged into the financial statements. Large-like plastic June 4 close to 7.98 yuan, up 4.04% from the previous session.