Supor Deal First Hearing May Be Postponed – Supor, Acquisition, Electric Pressure Cooker – Hc

Supor acquisition of a full investigation into the case
Originally estimated in mid-November at the first case of anti-trust hearings?? France SEB acquisition Supor case would be postponed. “November 3,

Business Department sent a formal letter, to seek the views of all sides to express Supor acquisition conduct a comprehensive investigation, the hearing is expected to be delayed. “Henan Tangyin Nutrition

Cooking utensils Co., Ltd. Chairman Guo Yufeng told reporters by telephone. It is understood, Henan Tangyin nutrition cooking utensils Limited is the largest pan manufacturer, cooking appliances in China Hardware Association, vice president of branch units, is against the acquisition of Supor SEB in France one of the enterprises.

According to reports, the Ministry of Commerce on October 17 had to seek the advice Hardware Association, but on October 26, China National Hardware Association (Hardware Association) to

Management System ground to China Light Industry Federation (of Light) onto the front. Thus, the Commerce Department late in October to seek the views of Light You Xiang. 3 November, the Ministry of Commerce again Supor deal more comprehensive survey, the trade association involved in mergers and acquisitions, competitors, upstream suppliers and downstream distributors,

Consumption , Etc. for comments. “Of Light” involved in mergers and acquisitions
It is understood Hardware Association in October 17 as the industry organization receives notice of the Ministry of Commerce for comment. In accordance with the original arrangements, Hardware Association vice president of the initial request for cookware branch units on the basis of the views of members, after the reunification of attitude should be back in October 26 the Ministry of Commerce.

But late last month, metal cooking utensils Branch Association Deputy Secretary-General Li-Xin Jin has said that under the existing management system, hardware association does not direct counterparts in the Ministry of Commerce, but should be on higher level units of Light. He said that the hardware as soon as possible to reflect the views of the Association to the light together, and then to the Ministry of Commerce in conjunction Central light responses. It is understood that, in light joint is transformed from the original Bureau of Light Industry, Management Association of the included hardware, daily chemical industry associations,

Home Appliances 67 associations, including associations, societies and institutions, is a comprehensive light industrial organization.
However, in light of staff together at the same time admitted to journalists that they subordinate the management of numerous industry associations, the industry-specific knowledge of cooking is very much limited. It is understood that Ai Shida, baby two pairs of opposed mergers and acquisitions business has been peer-November 2 in conjunction with the show in light of the situation and attitude, and submit the relevant materials. Of Light Industry, Director of Integrated Services, said Yi Cui, Light Metal Association, in conjunction with communication, it will be integrated to seek and consider the views of all parties to the relevant departments to reflect accurately.

Frequently pre-hearing activities Supor “11 7 morning we received the notice, let us make a suggestion, chairman Su Xianze Supor afternoon called on the person,” Yu-Feng Guo told reporters, the tone from the time Su Xianze can feel out of their This thing is very anxious. Which has been said previously Supor not received a notice on the antitrust investigation.

Guo Yufeng, said Su Xianze phone call on him more concern about, and that the conflict between the two companies is not great. According to Guo Yufeng understanding of the past few days, Suxian Ze more than one company to call them, but also to other companies also expressed hope that “care care” means.

In fact, until early in the Su Xianze, Supor has been Trustee of messenger. Middle of last month, the Commerce Department sought the views of Hardware Association, hardware, Vice Secretary-General Yu-Feng Guo Li-Xin Jin call from Guangzhou, said the acquisition of Supor SEB to upgrade industrial technology on a variety of benefits such as strength, hope Tangyin nutrition cooking for consideration. Guo Yufeng that the association of the name of the leadership of the past have been very close with Supor, obviously in favor of the merger agreement Supor is SEB? Why it so it’s.

First antitrust hearings may be postponed

Industry analysis, with the acquisition of Light involved in the association’s views on the situation facing the difficult birth; with the Ministry of Commerce of the acquisition of a more comprehensive investigation of the case, much of concern to the industry’s first anti-monopoly investigation hearing it may be delayed.

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