The directors, supervisors as well as senior management of China International Marine Containers (Group) Co., Ltd warrant that this public notice does not contain any false or misleading statements or omit any material facts and all information set forth herein are true, accurate and complete.
China International Marine Containers (Group) Co., Ltd. (hereinafter refer to as “the Company”) indirectly acquired 80% equity of Burg Industries B.V. (hereinafter refer to as Burg), which had gained the authorization of relevant government organization of PRC, Germany and Netherlands. The foresaid transaction had been approved by the Board of Directors of the Company. This transaction was not a related transaction and need not submit to Shareholders’ General Meeting for examination. As for the relevant progress of the acquisition of Burg, the Company had disclosed the relevant information in media and investors could consult in details:
Public Notice on Acquisition of a European Company published in Securities Times and Hong Kong Ta Kung Pao dated Feb. 7, 2006 (No. [CIMC] 2006-001) Public Notice of CIMC published in Securities Times and Hong Kong Ta Kung Pao dated Mar. 15, 2006 (No. [CIMC] 2006-004)
Public Notice on Progress of the Acquisition of a European Company published in Securities Times and Hong Kong Ta Kung Pao dated Apr. 25, 2006 (No. [CIMC] 2006-016)
Public Notice of CIMC published in Securities Times and Hong Kong Ta Kung Pao dated July 21, 2006 (No. [CIMC] 2006-030) Public Notice on Progress of the Acquisition of Burg Industries B.V. published in Securities Times, China Securities Journal, Shanghai Securities News and Hong Kong Ta Kung Pao dated Dec. 8, 2006 (No. [CIMC] 2006-042)
Burg was founded in 1937 which was one of the earliest suppliers in European mainstream road transportation vehicles and special static tanks. This company possesses quite a few famous brands on fields of road transportation vehicles, tank car and static tank, i.e. Burg, Burgers, Hobur, LAG, Eurotank, Holvrieka, etc. and located branches in Netherlands, Belgium, Denmark, Finland and Poland.
| Beneficial shareholder of Burg |
Proportion |
| Mr. Peter van der Burg and Mr. Cees van der Burg |
100% |
The main financial highlights of Burg as of the year 2006 (businesses of road transportation vehicle and static tank are failed to be audited.)
| |
Unit: Euro’000 |
| Item |
Year 2006 |
| Turnover |
226,445 |
| EBIT |
11,399 |
| Net profit |
9,130 |
As at June 26, 2007, the Company has paid for the relevant transaction and procedure of Burg’s equity transfer was finished.
The Company believed that the group will benefit from it on the following aspects:
— Enlarge tank products business of the group into tank business, road tank equipments and tank field and provide equipment and service for modern liquid / powder transportation of petroleum, chemical and food industries.
— Improve capability of R&D of new products, management of logistics supply chain and production management through technique, technique secret and organization skill transportation
— Benefit from market business and marketing knowledge owned by Burg, as well as equipment and service of after-sale maintain plant distributed among Europe.
— Improve managing efficiency of the Company and Burg through Sino-European interaction. At the same time, develop the international market through combination of European technique advantages and Chinese manufacture advantages.
Board of Directors of
China International Marine Containers (Group) Co., Ltd.
June 28, 2007