Stationery notebook wholesale) Baileyjin will acquire the stationery business of European companies
KUALA LUMPUR, 16th) According to sources, Pelikan (Pelikan, 5231, main board consumer products stock) will acquire the stationery business of a European company in order to increase the group's market share in the region. According to sources quoted by The Edge Financial Weekly, Bailijin’s acquisition of the company’s business is... The stationery business of a European company will be acquired to increase the group's market share in the region. According to sources quoted by 'The Edge' Financial Weekly, Bailey Gold's acquisition of the company's business is one of the group's strong rivals in the European business. According to reports, Baileyjin originally planned to acquire two Chinese companies this year, but due to the financial turmoil, it decided to abandon the acquisition plan and use the funds to acquire the businesses of its European competitors. It is said that Baileyjin is only interested in acquiring the stationery business of the European company, and will not purchase the company's assets and stationery book wholesale. This acquisition plan will be able to improve Baileyjin's position in the European market, but it is unaware of the cost of the group's acquisition. This acquisition plan may be a research analyst of Yizili Investment, who mentioned in his report that the group's large-scale acquisition activities at the end of this year. Analysts believe that Baileyjin's strategic acquisition plan is in line with the group's growth strategy for stationery book wholesale, but given the limited cash held by the group, it is expected that this acquisition will be financed through loan facilities. At the same time, Yizili Investment Research analyst pointed out that if this acquisition plan is implemented, it has the potential to double Bailijin's turnover in FY2010.