Appliances, Tools & Housewares
Ningbo Xinhai Electric Co Ltd : Sees net profit for 2016 to increase by 55 percent to 85 percent, or to be 77.2 million yuan to 92.2 million yuan . Says the net profit of 2015 was 49.8 million yuan .Comments that the acquisition of equity in a medical supplies company is the main reason for the...
Midea Group Co Ltd : Says its Q3 net profit up 23.2 percent y/y at 3.3 billion yuan ($487.52 million) .Says it plans commercial paper of up to 10 billion yuan ($1.48 billion), medium-term notes of up to 20 billion yuan.
Newell Brands Inc : Newell Brands CEO - hopeful co finalizes divestitures by end of year or early 2017, so co can begin to acquire brands in core categories later in 2017 Further company coverage: [NWL.N] ((Bangalore.email@example.com;)).
SEB SA : 9-Month sales: 3,368 million euros ($3.67 billion), +3.9 pct as reported and +6.2 pct like-for-like .Aims at achieving in full year 2016 a 6 pct organic sales growth and an increase of 15% of its operating result from activity.
Shanghai Flyco Electrical Appliance :Says 9-month net profit up 21.1 percent y/y at 420 million yuan ($61.95 million).
Hisense Kelon Electrical Holdings Co Ltd : hisense refrigerator entered into october wealth management agreement with agricultural bank of china . agreement to subscribe for 112-day wealth management product in subscription amount of rmb500 million . Subscription of 112-day wealth management product...
Suzhou Hesheng Special Material Co., Ltd.: Says the shareholder Shenzhen-based asset management firm raised stake in the co to 27.4 percent from 17.9 percent .Says the shareholder Zhao Dongming cut 8.1 percent stake in the co, down from 29.8 percent.
Tangshan Jidong Equipment Engineering Co Ltd : Says net profit for Q1 to Q3 of 2016 expected to be 55 million to 60 million yuan .Says the net profit of Q1 to Q3 of 2015 was a loss of 101.9 million yuan.
Anhui Lucky Health Technology Co Ltd : Says net profit for Q1 to Q3 of 2016 expected to increase by 140 percent to 168 percent, or to be 31.9 million to 35.6 million yuan .Says the net profit of Q1 to Q3 of 2015 was 13.3 million yuan.
Mergers & Acquisitions
- Somfy acquired the entire share capital of MyFox
- Hisense Kelon Electrical updates on wealth management agreement with Agricultural Bank Of China
- Anhui Lucky Health Technology completes acquisition of two firms
- Shanghai Canature Environmental Products unit completes acquisition stake in Shanghai pharmaceutical firm
- Shanghai Canature Environmental Products unit buys 51 pct stake in medical investment firm for 25.5 mln yuan
- Lifetime Brands acquires Copco product line from Wilton Brands
- Kin Yat enters LOI with Dushan Edz Administration
- Chigo Holding says unit enters into equipment purchase agreement
- Gud Holdings acquires NZ automotive wholesaler
Restructuring & Reorganization
- Arcelik to demerge domestic operations except R&D and production into Arcelik Pazarlama
- Hefei Meiling to transfer stake in tech unit to Sichuan-based unit at 5.8 mln yuan
- Fujian Guanfu Modern Household Wares to dissolve two storage service branches
- Zhejiang Supor dissolves 70-pct-owned electrical equipment unit
- Hangzhou Robam Appliances to dissolve JV
- Fiskars plans to centralize its factory in Poland
- COWAY to divest water environment business into new subsidiary
- Electrolux AB to cut costs in Small Appliances unit, pay GE termination fee
- Fiskars transfers manufacturing from Helsinki ceramics factory to partner network during 2016
- Ningbo Xinhai Electric to dissolve sub-subsidiary
Expansion & New Markets
- Tsann Kuen (China) Enterprise unit to set up sub-unit
- Guangdong Tonze Electric to set up subsidiaries
- KingClean Electric to launch Guangzhou-based branch
- NIHON TRIM sets up new unit in Korea
- Anhui Lucky Health Technology to invest 10 mln euros to set up unit
- Guangdong Homa Appliances to set up wholly owned subsidiary
- Ningbo Xinhai Electric sets up new unit and new unit to buy 20 pct stake in Zhejiang medical equipment maker
- Hefei Meiling units to set up new company
- ShenZhen Yitoa Intelligent Control to set up wholly owned subsidiary
- Anhui Lucky Health Technology to establish new subsidiary
No related earnings announcements are currently scheduled within the next 7 days.