Central Group: The habit of developing production in the International business environment (figure)

Source: Internet
Author: User
Keywords The Set
August 13, the Central Group (000039) decided to terminate the acquisition of Friede Goldman Sachs United (hereinafter referred to as "F&g") company equity, which will have an impact on the offshore engineering business?  With investors concerned about the issue, the securities Times reporter interviewed the central group of the Haitian Business Leaders (hereinafter referred to as "the group").  Securities Times Reporter: Why did the company buy F&g? China Group: Compared with the international advanced level, the experience accumulation and core competence of the Chinese maritime Engineering enterprises in the mainstream Platform foundation design are different, which directly affects the improvement of the assembly construction level and efficiency benefit. F&g is a world-class marine engineering design company, with the company has a more than 10-year cooperation base, the advantages and characteristics of both sides are very clear. Both teams believe that if there is an opportunity to achieve integration will be able to form a larger business synergy and common promotion space.  This is a prerequisite for us to make a decision to buy f&g. China's advantages and global resources are well combined, with a relatively short period of time to achieve industry leapfrogging and upgrading, this is the group has long been adhering to the development of the road. F&g and the holding shareholder signed a 75 million-dollar acquisition of f&g75% shares of the intention, while the original F&G team held shares are still in the development of the marine market situation, the timing and price, the synergy effect of the expected,  Includes a careful arrangement of the ability to integrate itself and the risk of acquisition and integration.  Securities Times Reporter: From the final payment of the price, the other buyer in the settlement of the sale of the transaction price is higher than the proposed bid 66.7%, whether the company considered to increase the purchase price?  F&g Group: After we reached a preliminary acquisition intention with the parties, the situation has changed, and the group finally terminated the acquisition of F&g. As a more international acquisition and experience of enterprises, the focus of acquisition is not only the acquisition of equity in the link itself, but also to consider the promotion of marine industry chain competitiveness, and how to buy after the synergy and the value of the continuous improvement of the space provided.  This requires us to make overall arrangements for the planning and co-ordination of mergers and acquisitions, including the overall funding arrangements.  Securities Times Reporter: The acquisition of f&g frustration, will not give the company the development of marine industry has a major impact? China Group: The overall promotion of marine engineering research and development design level, this is the central group has been adhering to the one thing, we have their own planning and long-term arrangements. It has become accustomed to developing industry and cultivating advantages in the international business environment. Three years ago, we entered the marine industry by means of mergers and acquisitions, not only as a place in the global maritime sector, but also in international cooperation resources and business opportunities. We will continue to evaluate and grasp new opportunities for cooperation. It is natural to encounter some situations in the development process, but this will not change our established build to a high levelThe goal of the complete marine industry chain, which can be drawn with capacity, will not change the path arrangement of the combination of independent innovation and absorption and digestion to improve the level and capability of marine engineering design.  Securities Times Reporter: What is the recent progress of the company's ocean engineering business? China Group: Yantai Raffles Several of the drilling projects under construction are entering the final stage, this year to strive for two deep-sea semi-submersible drilling platform delivery.
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