As reported by NBD, Riland shares (300154, SZ) announced to resume
trading on 6, August. Its early suspension is due to the cooperation
preparation with overseas welding company. By now, initial agreement was
reached between the two sides and Investment Proposal has been signed.
According
to the announcement, Riland shares will set up subsidiary in USA, as a
platform of business development and equity investment in USA, with a
total investment amount of a hundred million yuan. After the
acquisition, Riland will hold 100% shares of the target company, which
is planned to be a wholly-owned subsidiary in USA.
Riland
shares indicates that the target firm's main business is welding
products sales, which has an advantage in the market expansion in US
welding industry. As recorded in Riland's annual report of 2014, it has
set the long-term strategy as "becoming a leading international welding
enterprise group” and has clarified the adjustment plan on the overseas
markets layout.
Observer Liu Shuxia said that it
is a smart action on overseas layout. By setting the target firm as
subsidiary, it can reduce or avoid tedious reviews and strengthen
product competitiveness in North American market. Although the name of
the target firm has not been released, the welding technology is
relatively reliable in U.S. and European companies. Liu Shuxia also
pointed out that there are some risks when considering investment
returns cycle and premium factors, and it is a good choice in general.
Pan
Wei, Senior Analyst from OFweek says that although China was the
largest market of robot industry in 2014; but those high-end fields like
welding are mostly monopolized by foreign robot manufacturers. Riland
as the leading welding enterprise in China, its aggressive strategy does
not only conform to national policy, but also its own development need.
Pan Wei believes that the current domestic economic downturn leads to
declining
market, and competition in inverted welding
industry is fierce. Public companies like Riland can consolidate their
leading position and occupy more market shares by rapid expansion in the
means of merger and acquisition.
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