Bo Deep Tool Premium acquisition of overseas manufacturers

Yesterday evening, the Bo deep tool (002282, closing price 14.59 yuan) announced that the company will change some of the fund-raising uses for foreign investment, to 2.05 million Canadian dollars (together with 13.26 million yuan) prices premium acquisition of a Canadian professional diamond manufacturer Cyclone company 100% Equity.　　Industry insiders pointed out that the company effectively open up the North American market, while the production of some high-end products to Canada, to effectively reduce the U.S. anti-dumping risk has a positive role. Since last year, the Bo deep tool has been at the forefront of U.S. anti-dumping investigations. Data show that the company exported to the United States of diamond saw blades and components in November 2009 began to pay 35.51% of the import tariff margin, 2009 pay 227,900 U.S. dollars, the first half of 2010 to pay 917,200 U.S. dollars.　　And the U.S. Department of Commerce will review in November 2010, and the final anti-dumping rate is likely to be higher than the current level. In this context, the company resolutely changed the original plan, the overseas development target to the Canadian cyclone company.　　The announcement shows that the company will be the high performance laser welding professional diamond Tools Technical transformation of some of the funds used to change the project, 13.26 million yuan acquisition of Cyclone company Equity, 7.14 million yuan to increase its capital, the acquisition of laser welding machines and other production equipment. According to the introduction, CYCLONE Company has more than 30 years of operating history, specializing in professional-grade diamond saw blades, hollow thin-walled bits of the manufacturing, sales, in addition to the sale of wall saws, chain saws, professional drilling rigs and other related tools and equipment, is a well-known Canadian diamond tool manufacturers and distributors, "CYCLONE" The brand is a well-known brand in Canadian diamond tools industry. Audited, as of December 31, 2009, Cyclone Company's total assets of 1.6907 million Canadian dollars, net assets of 1.1252 million Canadian dollars, 2009 to achieve sales revenue of $2.297 million, net profit of 139,900 Canadian dollars.　　The premium range for the Bo Shen Tool acquisition is 82.19% of its net asset value. Cyclone Company's background and Bo deep tools just "counterpart", a premium acquisition is not difficult to understand. Bo Deep Tool said that the premium acquisition is mainly considered its brand, technology, sales channels and profitability factors, the company will make full use of its brand in the local visibility, expand sales in the North American market share, play its high-end diamond tools manufacturing capacity, to achieve the transition of ODM to the independent brand, and further improve the company's product structure　　, improve the company's high-end professional diamond tools product level. Industry insiders pointed out that the company is a stone more than a bird, not only successfully opened up the North American market, the transformation of product structure, but also worth mentioning is that the company will be part of high-end, professional products in Canada production, through its product sales to the United States, for the curve to evade anti-dumping policy, reduce the U.S. anti-dumping risk has a positive role.