Online article of listed companies in China.
On January 12, 2024, Tianfang Standard Testing and Certification Co., Ltd. *** hereinafter referred to as "Tianfang Standard" or "the Company") signed the "Tianjin Food Group *** and Tianfang Standard Testing and Certification Co., Ltd. on the transfer of 100% equity transfer agreement of Tianjin Dairy Food Monitoring Center" with Tianjin Food Group *** Food Group. Tianfang Standard intends to use its own or self-raised funds of 42,270,99338 yuan to purchase 100% of the equity of Tianjin Dairy Food Monitoring Center *** held by the food group, hereinafter referred to as the "target company"). After the completion of the transaction, Tianfang Standard will hold 100% of the equity of the dairy monitoring center.
It is understood that the target company is mainly engaged in food testing business, and this transaction will further broaden the business scope and testing capabilities of Tianfang Standard Testing, improve the business scale and customer scope, and help to stabilize the performance fluctuations caused by the cyclical fluctuations of a single industry.
Business development planning
After the completion of this transaction, Tianfang Standard maintains the independent operation of the target company and maintains the relative independence of business operation and management. Under the company's overall business objectives and strategic planning, give full play to the competitive advantages of the company's original main business and the target company's business.
Expand the business increment, the first class of customers is an important customer group of the target company, Tianfang standard has undertaken the sampling task of the market supervision department across the country for many years, and has a promoting role in further expanding the scope of customers.
Vigorously develop the entrusted business, the target company's customers are mainly first-class customers, and there are fewer entrusted customers of enterprises. After the merger and acquisition, the company will accelerate the integration of customer system and channel resources with the target company, and increase customer development efforts. At the same time, the cooperation between listed companies and major e-commerce companies such as Vipshop, JD.com, and Douyin will be used to expand the testing capabilities of food testing e-commerce platforms and achieve business increment.
Strengthen the coordination of subsidiaries, make full use of the geographical advantages of subsidiaries of listed companies (Guangdong, Shanghai, Shenzhen), and increase the development of the foreign Fu market; With efficient and high-quality services, we will continue to expand our market share and establish brand advantages. In addition, Tianfang standard subsidiaries have the qualifications and capabilities to engage in vector biological control, density monitoring and evaluation and density control evaluation services, the customers of the business and the customers of the target company have a certain degree of overlap and complementarity, the target company can use the brand of listed companies and regional synergies to expand customers, integrate customer channel resources, and increase sales scale.
Cost control planning
Tianfang Standard and the target company have many commonalities in raw material procurement, business management system, network service platform, marketing channels, etc., and the two sides have a strong resource integration foundation, which is conducive to the target company to further reduce operating costs. In addition, the company implements vertical management of subsidiaries, and after the completion of the acquisition, the company will continue to integrate the target company, incorporate the administrative, financial, quality, technical, human resources, and business resources of the target company into the management system of the listed company, streamline the organization, optimize the personnel, implement centralized procurement of experimental equipment, experimental consumables, office consumables, etc., and continuously improve the efficiency of production, operation and management through intensive management. Further optimize the salary assessment system, establish a market-oriented salary distribution system, and realize the linkage between salary and business performance, so that the salary cost of employees is more reasonable and the profitability is further enhanced. In addition, in terms of testing experiments, the company and the target company are involved in the field of chemistry, microbiology, etc., and can share resources and complement each other in terms of equipment, consumables, resources, technology, etc., which will help reduce costs.
In addition, the target company and its wholly-owned subsidiary, Yinuo Testing, are located in different office locations, and the leased office space of the dairy monitoring center is large and the utilization rate is low. After the completion of this acquisition, Tianfang Standard plans to relocate Yinuo Testing to the dairy monitoring center as a whole, which is expected to save 4080,000 yuan per year of housing lease costs. After the completion of the relocation, the company will promote the coordination of the target company in terms of personnel, equipment and business development, so as to reduce the comprehensive operating costs of the target company.
In view of the synergies between the company and the target company in terms of market, business, customers, personnel, etc., coupled with the further optimization and control of operating costs, the profitability of the target company will be gradually improved after the integration of the two parties is completed.