PRET(SZ:002324)2022-12-07 09:26Group 1: Transaction Details - The acquisition involves the purchase of WPR Company and its subsidiaries for a total price of $7,045.10 million, which is approximately 95.85% of the assessed value of $7,349.77 million [4] - The funding for the transaction will come from the company's own funds and bank loans, with at least 30% of the transaction price covered by self-owned funds [4] - The transaction is expected to be completed by February 2015 [4] Group 2: Business Operations of Target Company - The target company primarily engages in the processing of recycled resources, including engineering plastics, recycled PET, and lanolin [5] - It is a leading producer of nylon engineering plastics in North America and has a significant capacity to process 175 million pounds of PET waste annually [5] - The company has approximately 150 materials certified by major automotive manufacturers such as General Motors, Ford, and Chrysler [5] Group 3: Impact on the Company - The transaction is expected to enhance the company's profitability by leveraging synergies in production technology, product structure, and market distribution [6] - The company's debt-to-asset ratio was 23.24% as of September 30, 2014, and is projected to increase to 33.29% post-transaction [6] - The target company's debt-to-asset ratio was 79.81% as of September 27, 2014, but the impact on the acquirer's financial status is expected to be minimal due to the relatively small proportion of the target's assets [6] Group 4: Strategic Objectives - The acquisition aims to align with the company's strategy of technological innovation and energy conservation while expanding into global markets [6] - It seeks to achieve complementary advantages and enhance the competitiveness of the main business [6]