News: Deals: Reports

Landun Group(Tianjin)Co Ltd & Tianjin Teda Co Ltd	Update Date: 05/13/08
Date Announced: 05/13/08
Value (million $USD): 2.1 million U.S. Dollar 14.3 million Chinese Yuan

Status: Pending

TRANSACTION DETAILS
Date Announced	05/13/08
Date Originally Announced	05/13/08
Format	Acq. Part. Int.	Acquisition techniques	Not Applicable
Attitude	Neutral	Agency	n/a
Value	2.1 million U.S. Dollar 14.3 million Chinese Yuan	Advisor Fees	n/a

SYNOPSIS
CHINA - Tianjin Teda Co Ltd (TT) planned to acquire a 15% stake in Landun Group (Tianjin) Co Ltda real estate development firm, from Tianjin Zhonghe Petrochemical Co Ltd, for 14.319 mil Chinese yuan ($2.052 mil US). Concurrently, TT planned to acquire a 51% interest in Tianjin Xingshi Chemical Co Ltd. The transactions were approved by the board of directors.

TARGET
Name	Landun Group(Tianjin)Co Ltd
Industries	Petroleum and petroleum products wholesalers, nec
City	Tianjin City
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Private
Business Description	Landun Group (Tianjin) Co Ltd, located in Tianjin city, is a real estate development firm. It also wholesales gas and oil. The company was founded in 1999.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Tianjin Teda Co Ltd (Shenzhen : 000652)
Industries	Industrial buildings and warehouses; Industrial and commercial fans and blowers; Manmade organic fibers, except cellulosic; Electric services; Bridge, tunnel, and elevated highway construction; Management services; Farm and garden machinery and equipment
City	Tianjin
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Public
Business Description	Tianjin Teda Co Ltd, located in Tianjin city, manufactures and wholesales chemical fibres. The Group's principal activities are manufacturing and selling chemical fibres, polyester fibres, plastic film, garments, textiles and thermal clothing. It is also engaged in producing and selling air filters, liquid filters and other ecological products and the retailing and wholesaling of garden tools and providing greening services. Other activities include investing in the transportation industry, operating the Binhai Bridge in Tianjin City and manufacturing and marketing Western and Chinese medicines, health food and natural nutrition products. Operations of the Group are carried out in Tianjin City and Shanghai City. The company was founded in 1992.
Advisors	NULL
Acquiror Sales	242.3 million U.S. Dollar 1.70 billion Chinese Yuan

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