TSB's Determinant Advantages in XAB Acquisition

Resource from: cbcc-yinx Likes:2956

Jan 11,2006

Several days ago, the XAB and TSB signed the equity transfering contract, ending the long lasting XAB issue. However, many of us will not be satisfied only by the result, what make TSB the last winner is the most concerned question. Known from some insiders, there are two factors that made TSB incomparable in the equity transfering case. First, complementarity between their businesses and TSB's preference in openning overseas markets. TSB is a American and China formed joint venture. Its American cooperator have had existed customer group, which give the TSB products a natural access to the American market, even world market. So once TSB become the new owner of XAB, it will not be difficult for XAB products to enter world market. Of course, this preference is subject to a guaranteed quality. Second, plant moving. TSB had said that they will move their major plant and head office to Xiangfan, XAB's home, one year after signing the equity transfering contract with XAB. For the Xiangfan government, a well profitable enterprise's moving in will bring more local revenue income. It's a good deal. So TSB become the suitable choice for both XAB and Xiangfan government who was mainly in charge of XAB's equity transfering issue. This make their winning of the bid so reasonable. Predictively, XAB will convene a board of directors' meeting in few days to make some personel change.

(cbcc-yinx)

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