Aerospace recently disclosed that the company plans to acquire Delphi, Singapore, for a 50% stake in Shanghai Delphi at a price of US$99 million. After the acquisition is completed, the company will hold an 87.5% stake in Shanghai Delphi . The announcement shows that Shanghai Delphi was established in 1998 as a Sino-foreign joint venture enterprise and is mainly engaged in the development and manufacture of automotive automotive air conditioning systems, including HVAC air conditioning box modules, engine cooling module systems, parallel flow condensers, and parallel flow folding tube condensers. Cascade evaporators, efficient heater cores, water tanks, intercoolers, and other automotive heat exchange parts. As of the announcement of the plan, Delphi, Aerospace, and Shanghai Air-to-Air Plant respectively held 50%, 37.5% and 12.5% ​​equity interest in Shanghai Delphi. Shanghai Delphi has leading automotive air-conditioning system technology. Based on its strong technical foundation, the company's auto parts, especially the automotive air-conditioning system business, will gain more room for development. This will not only help the listed companies optimize the integration of the auto parts business segment, especially the automotive air-conditioning system business, and further enhance their market competitiveness. At the same time, the company’s auto parts business will have a larger share of revenue, the company’s Diversification strategy is more balanced. According to the announcement, the "Notice of the proposed transfer of equity in the joint venture company" by Delphi of Singapore received by Aerospace on August 21st indicates that Delphi of Singapore intends to sell 50% equity of Shanghai Delphi to a third party. According to the Sino-Foreign Equity Joint Venture Law and its implementation regulations and the Shanghai Delphi Joint Venture Agreement, Aerospace Machinery has the right to exercise the right of first refusal to purchase 50% of Shanghai Delphi. In order to expand the scale of auto parts business of listed companies and achieve maximum shareholders' profits, Aerospace Electronics officially returned a letter to Delphi of Singapore on September 16, and plans to exercise a preemptive right to acquire 50% equity of Shanghai Delphi. After the completion of the transaction, Aerospace will control 87.5% of Shanghai Delphi's equity and form an absolute control over it. Shanghai Delphi will also be the subject of accounting and will enter the scope of the consolidated statement of Aerospace, and its stable profit will help to improve. The company's overall profitability. At present, the aerospace electromechanical main business mainly includes auto parts industry, new energy photovoltaic industry and new material application industry. Among the three main businesses of the company, the photovoltaic industry accounts for the largest proportion, and Aerospace Electric has stated that macroeconomic cycle fluctuations have a greater impact on the photovoltaic industry, while the company’s photovoltaic business mainly focuses on investment-intensive power plant construction projects. With a certain construction period, the profitability of photovoltaic power plant business may fluctuate widely in each year. However, the auto parts industry is different. Due to the relatively stable development of the auto market in China, the company's auto parts business development and profitability levels can maintain a stable state, which just happens to balance the effects of cyclical fluctuations in the photovoltaic industry. Industry analysts believe that since the aerospace electromechanical company exercises preemptive rights based on the basic terms of the proposed terms of Delphi Singapore's sale of its equity to third parties, its purchase price is a reflection of market value. Aerospace electromechanical can be seen as a good opportunity. The use of the right of first-hand purchase. At the same time, since the acquisition of A&M as a cash purchase does not need to be submitted to the CSRC for review, this not only speeds up the company’s acquisition process, but also accelerates the progress of Shanghai Delphi’s profit return on listed companies.
Basket type filters
The basket filter consists mainly of the receiver, the supervisor, the filter basket, the flange cover and the fastener. When the fluid enters the basket through the supervisor, the solid impurity particles are blocked in the filter basket, and the clean fluid is discharged by the filter outlet through the filter basket. When cleaning is needed, unscrew the bottom of the supervisor, remove the fluid, remove the flange cover, and remove the filter basket. After cleaning can be reloaded, therefore, the use of maintenance is extremely convenient.
Characteristics:
The filter is an indispensable pipe accessory in industrial production, which can filter the solid impurity in the fluid, ensure the pipeline equipment system to run normally, make the fluid more pure and obtain the ideal industrial product. After using for a period of time, open the upper cover and take out the basket-like filter, which can be restored as new once it is washed.
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7. Steel, petroleum, chemical, paper, automobile, food, metallurgy and other industries circulating water filtration.
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Aerospace Electronics to Acquire 50% Shanghai Delphi for 99 Million U.S. Dollars
