On December 15, according to Vinda International's announcement on the Hong Kong Stock Exchange, the family of Indonesian tycoon Tanoto Tanoto proposed a price of 23HK$50 **Acquisition of Vinda International**, if the agreement is fully acceptedThe maximum total amount payable will be:261.HK$2.8 billion.
After the transaction is completed,asia pacific resources internationalAPRIL ("APRIL") will hold approximately 726% of the shares, while the previous majority shareholder Essity is out of liquidation and will no longer hold any shares in Vinda.
April is part of Singapore's Golden Eagle Group (RGE), which was founded in 1973 by Tanoto. According to the official website of RGE, its businesses cover pulp and paper, palm oil, cellulosic fiber, energy and liquefied natural gas.
According to the announcement, Vinda International is involved in the tender offer of sharesIt is mainly held by the majority shareholder Essity2.1 billion shares and 25.3 billion shares, and the shareholding ratio of the above two parties is 5159% and 2104%, accounting for 7262%。
The offeror of the acquisition, Asia-Pacific Resources Group, proposed to 23HK$5 of the sharesAcquired 7262% stake.
This ** is 20 compared to the ** price of Vinda International on December 14HK$7 share premium of about 1353%。Upon completion of the acquisition, APRH will cost HK$26.1 billion.
Since, the new owner of the homegrown tissue giant has finally surfaced. APRIL is one of the world's largest pulp and paper products producers, with about 9,000 employees directly employed. The company is held by the family trust of wealthy Indonesian businessman Tanoto Tano, and is also a core subsidiary of RGE Group, one of Indonesia's leading conglomerates.
According to public information, Indonesian tycoon Tanoto Chen Jianghe, who is from Putian, is a legendary figure who has won the title of the richest man in Indonesia many times. According to the "2023 Hurun Global Rich List" released by the Hurun Research Institute in March this yearTanoto ranked 1,100th on the list with a wealth of 20 billion yuan.
Tanoto founded RGE in 1973 and according to its website, RGE members currently hold more than US$35 billion in assets and employ more than 70,000 people. RGE member companies include pulp and paper (APRIL and Asia Symbol), palm oil (Asia Plantation Group and Pinnacle), cellulosic fibres (Sateri Group and APR), specialty cellulose (Bars Group) and energy development (Pacific Energy Group), with operations in Indonesia, China, Brazil, Canada and Spain.
From January to September this year, Vinda International achieved an operating income of 13.8 billion yuan and an operating profit of 251.6 billion yuan. As of December 15**, Vinda International's share price was 22HK$6, **918%, market capitalization 271HK$900 million.
The daily economic news is synthesized from Vinda International's announcement and straight flush.
National Business Daily.