Qingdao Haier plans to purchase 330 million yuan for PML, a subsidiary of the Group’s smart equipment subsidiary

(Original title: Qingdao Haier plans to purchase 330 million yuan for the group's smart equipment subsidiary) [TechWeb reported] June 21 news, Qingdao Haier announced on Wednesday that, in order to further consolidate and expand the company's advantages in the field of smart manufacturing, plans to acquire the actual controller Haier Group's main overseas subsidiary of intelligent equipment, the transaction price of about It was US$ 48,615,500 (corresponding to 330 million yuan). The announcement stated that Qingdao Haier intends to purchase 100% equity of Fisher & Paykel Production Machinery Limited (PML) from Fisher & Paykel Appliances Limited, a subsidiary of the Haier Group, through overseas subsidiaries through cash payments. PML's main business is the design and production of high-precision, customized intelligent equipment that can meet the needs of customers such as flexible batch, customization and modularization. PML Corporation maintains leading edge in the manufacturing of washers and dryers inner cylinders, housing lines, refrigerator door and shell lines, and direct drive motors, especially in the world segment of direct drive motors and home appliance front-end sheet metal production equipment manufacturing. Market leader. PML's audited operating revenue in 2016 was approximately RMB 129 million and net profit was RMB 5.5082 million. Qingdao Haier said that since the counterparty Fisher & Paykel and the target company PML are the controlling subsidiaries of Haier Group, the controlling company is the same company under actual control. Therefore, this transaction constitutes a connected transaction between the company and the Haier Group. After completion of the transaction, PML will become a wholly-owned subsidiary of Qingdao Haier, and the scope of the company's consolidated statements will change. After the completion of this transaction, Fisher & Paykel will no longer hold any equity in the underlying company. Qingdao Haier stated that this transaction involves the overseas investment of domestic enterprises, and the transaction parties will go through the relevant approval/recording procedures in the competent authorities in accordance with relevant laws and regulations and service guidelines. (Song Xing) 燑br>