Interesting news re Beijing WF, Fiyta and Tencent

Interesting news re Beijing WF, Fiyta and Tencent

Postby AlbertaTime » June 8th 2015, 9:05am

As I'm preparing to re-visit China and the 2015 China Watch and Clock Fair in Shenzhen in two weeks, I received these 3 WeChat messages from Mr. Li Wei of the China Horologe Association, with permission to forward the information.

The news is regarding a joint venture between Beijing Watch Factory, Fiyta and Tencent. Please excuse the translations but Google is the best I know how to provide. Anyone with better Chinese translation skills is welcome to clarify :-)

1)
@Ron Good 最新消息一一飞亚达与北京手表厂合资成立表业公司 腾讯证券2015-06-05 20:04:00

飞亚达A(000026)6月5日晚间公告,为提高公司在关键零部件领域的核心竞争力,公司董事会授权经营层与北京手表厂有限公司签署框架协议,合作投资成立北表表业(北京)有限公司。

根据协议,北京手表厂同意将其钟表元器件及机心制造业务、“北京”和“双菱”品牌及与相关业务团队等资源,分立设立北表表业公司,持有北表表业公司100%的股份。在分立完成后,公司拟以现金8000万元(其中5100万元作为标的公司注册资本)投资北表表业公司,出资入股后公司占北表表业公司51%的股份,北京手表厂占北表表业公司49%的股份。


2)
北京手表厂苗红波在瑞士发出的消息: 2015年6月4日下午,日内瓦,北表许学军董事长签署了有关文件。这可能改变中国手表格局的大事。

Image



3)
@Ron Good 你可以把此消息转发到论坛上,具体细节可在深圳采访北京手表厂苗红波


Google translations:

1)
@Ron Good: News eleven FIYTA in a joint venture with the Beijing Watch Factory Watch Company and Tencent securities. 2015-06-05 20:04:00

FIYTA A (000026) June 5 evening announcement, in key areas to enhance the company's core competencies parts, the Board of Directors authorized the management and the Beijing Watch Factory Co., Ltd. signed a framework agreement to jointly invest in the establishment of North-table industry ( Beijing) Limited.

Under the agreement, Beijing Watch Factory agreed to watch movement components and manufacturing operations, "Beijing" and "Shining" brand and related business team and other resources, the establishment of a separate north-table industry company, which holds the North exemplar companies 100% of the shares. After the separation is completed, the company intends to cash 80 million yuan (including 51 million yuan as registered capital of the target company) north exemplar investment companies, investment shares after the company accounted for 51% of the shares of North exemplar companies, Beijing Watch Factory accounted North exemplar 49% stake in the industry.


2)
Message Beijing Watch Factory Miao Hongbo in Switzerland issued: June 4, 2015 in the afternoon, Geneva, North table 许学军 chairman signed the relevant documents. This event may change the pattern of China watches.


3)
@Ron Good: You can forward this message to the forums, the details can be interviewed Miao Hongbo Beijing Watch Factory in Shenzhen (meaning I can ask Mr. Miao Hong Bo of BJWF for more details when I meet him in Shenzhen)


Later in the day. Li Wi posted this additional information:

北京手表厂总经理苗洪波:

“我们进行了大半年的合作谈判,总体非常顺利,双方之间也很坦诚。
我们两家的合作是一次双方彼此重要的优势资源的合作。我们特别欣赏飞亚达在品牌运作和零售渠道建设方面的卓越成绩和优势,而我们北表厂方面呢,在机芯生产、高复杂机芯研发制造方面也成绩斐然。合作后,飞亚达可以弥补产业链上手表机芯研发生产方面的实力,而北表厂的机械机芯和飞亚达之间会进行内部配套,这将对提升北表厂产品质量有很大的促进作用。
北京牌手表是一个拥有57年历史的老品牌,合作后,北表品牌将拥有更大的舞台。”

飞亚达集团副总杜熙:

“昨天(6月5号),我们董事会通过和确认此次合作。今天(6月6日),我们根据上市公司信息披露要求,对外发布了资本层面双方合作和合资的相关信息。
我参与了飞亚达和北表厂整个谈判和合作的过程,见证了我们双方能走在一起的努力。
首先我要强调的是,飞亚达和北表厂这次走在一起,不是收购,而是合作和合资,只是飞亚达进行控股。北表厂许董坚持49%的股权所有,他对事业的坚持和对双方未来合作的看好可见一斑。
飞亚达和北表厂的合作,是典型的Win-Win双赢模式。我们把各自核心能力向对方无条件开放和输出,创造和期待更加成就的未来。
对于飞亚达来讲,首先我们看好北表未来发展的基础。我们对北京手表厂有限公司董事长许学军、总经理苗洪波先生带领的团队,在多年内持续坚持、努力创下的机械制表实力和成果,以及北表厂的品牌和未来前景表示非常的认可和尊重。
我们双方的合作具有多方面的意义。首先,对于飞亚达,与北表厂进行合作后,飞亚达的全制造能力将得到及时补充,未来将拥有自产机芯,这可直接增强飞亚达的核心竞争力,提升行业实力。对于北表厂,借助飞亚达在营销、渠道等多方面优势,北表厂自身机芯制造水平和品牌发展必定也得以提升。”


Google Translated:

Miao HongBo, general manager of Beijing Watch Factory:

"We had six months of negotiations on cooperation, overall very smooth, very frank between the parties. The cooperation between our two sides to each other is an important cooperative advantages of resources. We particularly appreciate FIYTA brand management and retail channels in construction terms of excellence and advantages, and we regard it north of the watch factory, in the movement of production, development, and manufacturing of high complex movement also impressive.

After the cooperation, can make up the industrial chain FIYTA watch movement production research and development strength, and will carry out an internal matching between the North and the watch factory of mechanical movement and FIYTA, which will enhance the North watch factory product quality is very large role in promoting.

Beijing is a watch brand has a 57-year-old brand, after the cooperation, North watch brand will have a bigger stage. "

FIYTA Group Vice President Du Xi:

"Yesterday (June 5), and confirmed by our board this partnership today (June 6), we are based on listed companies' information disclosure requirements, released the capital level of cooperation and joint-related information.

I participated in the process and North FIYTA watch factory whole negotiation and cooperation, we have witnessed the efforts of the two sides can come together.

First, I want to emphasize that this FIYTA and North watch factory come together, not the acquisition, but the cooperation and joint ventures, but FIYTA be holding. North watch factory Xu Dong adhere to a 49% stake of all, he insisted on the cause of and optimistic about the future cooperation of the two sides can be seen.

Cooperation and North FIYTA watch factory, is a typical Win-Win-win model. We put our core competencies and output to the other unconditionally open, create, and look forward to more achievements in the future.

For FIYTA concerned, first of all we are optimistic about the future development of the North consolidated basis. Our Beijing Watch Factory Co., Ltd. Chairman Xu Xuejun, general manager of Mr. Miao Hongbo led the team in the years continue to maintain efforts to record the strength and results of mechanical watchmaking, and the North watch factory's brand and future prospects expressed great recognition and respect.

Our bilateral cooperation has many meanings. First, FIYTA, to cooperate with the North watch factory after FIYTA full manufacturing capacity will be time to add in the future we will have a production movement, which can directly enhance the core competitiveness of FIYTA enhance industry strength . For North watch factory, with FIYTA in marketing, channel, and many other advantages, the North watch factory own movement manufacturing level and brand development must also be improved. "


Li Wei also provided this photo of me discussing watches with Beijing Watch Factory General Manager Miao HongBo at last years CWCF/Shenzhen.

Image
Curator: Alberta Museum of Chinese Horology in Peace River

"That stone buddha deserves all the birdshit it gets. I wave my skinny arms like a tall flower in the wind." Ikkyu
User avatar
AlbertaTime
Master of Time
 
Posts: 2727
Joined: October 13th 2010, 10:00pm
Location: Peace River, Alberta

Return to Alberta Time Museum and Travels

Who is online

Users browsing this forum: No registered users and 1 guest