News: Deals: Reports

Tianjin Xingshi Chemical Co Ltd & Tianjin Teda Co Ltd	Update Date: 05/13/08
Date Announced: 05/13/08
Value (million $USD): 3.5 million U.S. Dollar 24.7 million Chinese Yuan

Status: Pending

TRANSACTION DETAILS
Date Announced	05/13/08
Date Originally Announced	05/13/08
Format	Acq. Maj. Int.	Acquisition techniques	Divestiture
Attitude	Friendly	Agency	n/a
Value	3.5 million U.S. Dollar 24.7 million Chinese Yuan	Advisor Fees	n/a

SYNOPSIS
CHINA - Tianjin Teda Co Ltd (TT) planned to acquire a 51% interest in Tianjin Xingshi Chemical Co Ltd, a chemical manufacturer and a wholly-owned unit of Landun Group (Tianjin) Co Ltd (LG), from LG, for 24.65 mil Chinese yuan ($3.533 mil US). Concurrently, TT planned to acquire a 15% stake in Landun Group (Tianjin) Co Ltd. The transactions were approved by the board of directors.

TARGET
Name	Tianjin Xingshi Chemical Co Ltd
Industries	Medicinal chemicals and botanical products; Pesticides and agricultural chemicals, nec; Industrial organic chemicals, nec; Industrial inorganic chemicals, nec
City	Tianjin City
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Tianjin Xingshi Chemical Co Ltd is a chemical manufacturing firm, headquartered in China. The company was founded in 1992.
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

Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer

Copyright © 2008 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. All Times are ET.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Hemscott.
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.