{"id":533,"date":"2018-06-18T10:18:55","date_gmt":"2018-06-18T02:18:55","guid":{"rendered":"https:\/\/www.shentoucapital.com\/de\/?p=533"},"modified":"2023-07-18T10:30:03","modified_gmt":"2023-07-18T02:30:03","slug":"shentou-capital-assists-grammer-with-public-takeover-offer-from-jifeng","status":"publish","type":"post","link":"https:\/\/www.shentoucapital.com\/de\/533.html","title":{"rendered":"Shentou Capital Assists Grammer With Public Takeover Offer From Jifeng"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"533\" class=\"elementor elementor-533\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-61f02687 elementor-section-full_width elementor-section-height-min-height elementor-section-height-default elementor-section-items-middle elementor-invisible\" data-id=\"61f02687\" data-element_type=\"section\" 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data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-2f30bc25\" data-id=\"2f30bc25\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2eaa32bf elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"2eaa32bf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 09-08-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">NEWS<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-72d50793 elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"72d50793\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3116211d\" data-id=\"3116211d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-58ceeb12 elementor-widget elementor-widget-wp-widget-bcn_widget\" data-id=\"58ceeb12\" data-element_type=\"widget\" data-widget_type=\"wp-widget-bcn_widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"breadcrumbs\" vocab=\"https:\/\/schema.org\/\" typeof=\"BreadcrumbList\"><!-- Breadcrumb NavXT 7.2.0 -->\n<span property=\"itemListElement\" typeof=\"ListItem\"><a property=\"item\" typeof=\"WebPage\" title=\"\u8f6c\u5230 shentoucapitalDE.\" href=\"https:\/\/www.shentoucapital.com\/de\" class=\"home\" aria-current=\"page\"><span property=\"name\">shentoucapitalDE<\/span><\/a><meta property=\"position\" content=\"1\"><\/span><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-47682396 elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"47682396\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1ca17204\" data-id=\"1ca17204\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7acdadd elementor-widget elementor-widget-heading\" data-id=\"7acdadd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Shentou Capital Assists Grammer With Public Takeover Offer From Jifeng<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50690f0 elementor-align-center elementor-widget elementor-widget-post-info\" data-id=\"50690f0\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\"><link rel=\"stylesheet\" href=\"\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-theme-elements.min.css\">\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-fdce371 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.shentoucapital.com\/de\/date\/2018\/06\/18\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t2018-06-18\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-ecfe088 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*\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#0c0d0e;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon 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.elementor-divider__element{margin-right:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-750af322 elementor-widget elementor-widget-text-editor\" data-id=\"750af322\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 09-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>On 29th May, Grammer AG (Grammer) announced the signing of a comprehensive Business Combination Agreement with affiliated companies of Ningbo Jifeng (\u201cJifeng\u201d), under which Jifeng will make a voluntary public takeover offer for all outstanding shares of Grammer. The total consideration of 61.25 Euro per share (or US$ 889 million in total valuation) represents a premium of 19.4% over the closing price on the previous day, and also a premium of 11.7% over the average price targets of German stock market analysts on the previous day. The takeover offer enables Jifeng to become the controlling shareholder of Grammer by holding 50% plus one shares.<br \/>This represents the final stage in the contention of Grammer\u2019s equity over the past two and half years, during which Shentou Capital (Shentou), acting as its M&amp;A adviser in China, has advised and accompanied Grammer, facilitating its final cooperation with Jifeng. Despite all the difficulties for Jifeng to acquire Grammer, Shentou had helped the employees and management team of Grammer to defeat the hostile takeover from the Hastor family by introducing, for the first time in Germany, a Chinese \u201cWhite Knight\u201d \u2013 Jifeng as a new shareholder through subscription of 9% additional Grammer shares. Afterwards with the support from the shareholders, labor unions and the communities, Grammer successfully rejected the attempt by the Hastor family to replace the whole management team and takeover Grammer. Eventually Shentou assisted Grammer to sign a comprehensive strategic cooperation agreement with Jifeng and Jifeng increased its shares of Grammer to become the largest shareholder (25%). Shentou then worked hard with Grammer\u2019s management team, supervisory board and labour union to reach agreements with Jifeng on a host of acquisition issues, culminating in Jifeng\u2019s launch of this comprehensive takeover offer.<br \/>As promised by Jifeng in the Business Combination Agreement:<br \/>\u00b7 No change will be made regarding the headquarters and production sites of Grammer;<br \/>\u00b7 Commitment to the current employees will continue;<br \/>\u00b7 The guarantee regarding jobs, customers and suppliers will remain valid for up to 7.5 years, and<br \/>\u00b7 Further investments will be made at Grammer for revenue growth and research development<br \/>Based on the above-mentioned agreements, the management team, the supervisory board and the labor union are all supporting the comprehensive offer from Jifeng and ready to work for the growth of Grammer as they have always been.<br \/>Shentou has also successfully assisted Grammer in the acquisition of TMD (Toledo Molding &amp; Die Inc.) in the United States from 2017 to 2018.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7810b50 elementor-widget elementor-widget-heading\" data-id=\"7810b50\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">About Grammer AG<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2dd975bb elementor-widget elementor-widget-image\" data-id=\"2dd975bb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 09-08-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"480\" src=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_1.jpg\" class=\"attachment-large size-large wp-image-521\" alt=\"\" loading=\"lazy\" srcset=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_1.jpg 800w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_1-300x180.jpg 300w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_1-768x461.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-33bcc0d6 elementor-widget elementor-widget-text-editor\" data-id=\"33bcc0d6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Located in Amberg, Germany, Grammer AG specializes in the development and production of components and systems for automotive interiors as well as suspension driver and passenger seats for on-road and off-road vehicles. In the Automotive Division, Grammer supplies headrests, armrests, center console systems and high-quality interior components and operating systems to premium automakers and automotive system suppliers. The Commercial Vehicle Division comprises seats for truck and off-road seat segments (tractors, construction machinery, and forklifts) as well as train and bus seats. With 13,000 employees, Grammer operates in 19 countries around the world. Grammer shares are listed in the SDAX and traded on the Frankfurt and Munich stock exchanges via the electronic trading system Xetra. Its 2017 revenue was approximately 1.8 billion Euros.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-307773d2 elementor-widget elementor-widget-heading\" data-id=\"307773d2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">About TMD<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-580c0890 elementor-widget elementor-widget-image\" data-id=\"580c0890\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"225\" height=\"135\" src=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_2.jpg\" class=\"attachment-large size-large wp-image-522\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-116ea88c elementor-widget elementor-widget-text-editor\" data-id=\"116ea88c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Toledo Molding &amp; Die Inc. (\u201cTMD\u201d), based in Toledo, Ohio, United States, is one of the leading specialists in the development and production of innovative thermoplastic interior components in the North American automotive market. TMD Group generated revenues of more than USD 300 million in 2017 and has approximately 1,600 employees at 11 facilities in the United States and Mexico.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-227aeb25 elementor-widget elementor-widget-heading\" data-id=\"227aeb25\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">About Ningbo Jifeng Co, Ltd.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76eeb23b elementor-widget elementor-widget-image\" data-id=\"76eeb23b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"511\" height=\"289\" src=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/201806111-003.jpg\" class=\"attachment-large size-large wp-image-523\" alt=\"\" loading=\"lazy\" srcset=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/201806111-003.jpg 511w, \/wp-content\/uploads\/sites\/5\/2023\/07\/201806111-003-300x170.jpg 300w\" sizes=\"(max-width: 511px) 100vw, 511px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-235cc950 elementor-widget elementor-widget-text-editor\" data-id=\"235cc950\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Ningbo Jifeng Auto Parts Co., Ltd., established in 2003, is a leading manufacturer of seat system components for passenger vehicles in China. The company specializes in the development, production and sale of automotive headrest and armrest. The product portfolio includes headrest, headrest rod and armrest. Ningbo Jifeng Auto Parts Co., Ltd. is listed in the Shanghai Stock Exchange from 2nd March 2015.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4edb80 elementor-widget elementor-widget-heading\" data-id=\"a4edb80\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Reports of the transaction in the Chinese and foreign media<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-547fc86a elementor-widget elementor-widget-image\" data-id=\"547fc86a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"740\" height=\"721\" src=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_4.jpg\" class=\"attachment-large size-large wp-image-524\" alt=\"\" loading=\"lazy\" srcset=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_4.jpg 740w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_4-300x292.jpg 300w\" sizes=\"(max-width: 740px) 100vw, 740px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Bloomberg reported the details of the deal<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73310106 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"73310106\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5731c1eb elementor-widget elementor-widget-image\" data-id=\"5731c1eb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"616\" src=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_5-1024x788.jpg\" class=\"attachment-large size-large wp-image-525\" alt=\"\" loading=\"lazy\" srcset=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_5-1024x788.jpg 1024w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_5-300x231.jpg 300w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_5-768x591.jpg 768w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_5.jpg 1100w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Reuter reported the offer immediately<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ef7d808 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3ef7d808\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3be3026 elementor-widget elementor-widget-image\" data-id=\"3be3026\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"648\" src=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_6.jpg\" class=\"attachment-large size-large wp-image-526\" alt=\"\" loading=\"lazy\" srcset=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_6.jpg 853w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_6-300x243.jpg 300w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_6-768x622.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Handelsblatt News am Abend reported the takeover offer in detail<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-272bcff5 elementor-widget elementor-widget-text-editor\" data-id=\"272bcff5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>According to the report from Handelsblatt, Jifeng as the \u201cWhite knight\u201d helped the management team of Grammer to defend the hostile takeover from Hastor family. Through the newly announced offer the shareholder\u2019s structure will be further stabilized and the advantage of Grammer will be strengthened in the conflicts with the Hastor family.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b6905a7 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"1b6905a7\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1afa1dc7 elementor-widget elementor-widget-image\" data-id=\"1afa1dc7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"521\" src=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_7-1024x667.jpg\" class=\"attachment-large size-large wp-image-527\" alt=\"\" loading=\"lazy\" srcset=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_7-1024x667.jpg 1024w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_7-300x195.jpg 300w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_7-768x500.jpg 768w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_7.jpg 1100w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Handelsblatt has an interview with Jimin Wang \u2013 Board Member of Ningbo Jifeng<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e483f28 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3e483f28\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f80c569 elementor-widget elementor-widget-text-editor\" data-id=\"1f80c569\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Jimin Wang (son of Yiping Wang \u2013 Chairman of the Board) expressed in an interview by Handelsblatt that a solid trust has been built between Jifeng and Grammer based on the existing cooperation. The strong synergies between the two companies will boost the development of Grammer. He also guarantees the jobs of current employees.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29f7c4a elementor-widget elementor-widget-image\" data-id=\"29f7c4a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"521\" src=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_8-1024x667.jpg\" class=\"attachment-large size-large wp-image-528\" alt=\"\" loading=\"lazy\" srcset=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_8-1024x667.jpg 1024w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_8-300x196.jpg 300w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_8-768x501.jpg 768w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_8.jpg 1100w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Manager Magazin reported the deal<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c816101 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2c816101\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e551e6a elementor-widget elementor-widget-image\" data-id=\"7e551e6a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"736\" height=\"805\" src=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_9.jpg\" class=\"attachment-large size-large wp-image-529\" alt=\"\" loading=\"lazy\" srcset=\"\/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_9.jpg 736w, \/wp-content\/uploads\/sites\/5\/2023\/07\/20180611_9-274x300.jpg 274w\" sizes=\"(max-width: 736px) 100vw, 736px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Caixin Global reported the takeover offer<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>NEWS Shentou Capital Assists Grammer With Public Takeov [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/www.shentoucapital.com\/de\/wp-json\/wp\/v2\/posts\/533"}],"collection":[{"href":"https:\/\/www.shentoucapital.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shentoucapital.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shentoucapital.com\/de\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shentoucapital.com\/de\/wp-json\/wp\/v2\/comments?post=533"}],"version-history":[{"count":0,"href":"https:\/\/www.shentoucapital.com\/de\/wp-json\/wp\/v2\/posts\/533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shentoucapital.com\/de\/wp-json\/wp\/v2\/media\/554"}],"wp:attachment":[{"href":"https:\/\/www.shentoucapital.com\/de\/wp-json\/wp\/v2\/media?parent=533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shentoucapital.com\/de\/wp-json\/wp\/v2\/categories?post=533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shentoucapital.com\/de\/wp-json\/wp\/v2\/tags?post=533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}