<p>[新加坡] 货物处理和机上餐饮服务公司 Sats 在周三（5 月 6 日）表示，将以 3.126 亿元人民币（5800 万新元）收购中国领先的冷冻航空餐制造商的 40% 股份。</p>
<p>这使得 Sats 在南京维洲航空食品有限公司（NWA）的总持股比例达到 90%，此前在 2019 年首次投资获得 50% 的股权，从而使该集团能够对业务进行整合管理。</p>
<p>自那次初始资本注入以来，Sats 指出，NWA 的收入已经翻了一番以上，因为中国航空公司加速采用冷冻餐饮服务于国内运营。</p>
<p>NWA 总部位于南京，为中国各地的航空客户提供冷冻餐、零食及相关食品产品。其在全国范围内的机场内外组装厨房网络扩展了其覆盖范围。</p>
<p>Sats 指出，收购额外股份将使 Sats China 与 NWA 的运营模式保持一致。这将优化生产能力并提高效率。</p>
<p>Sats 还表示，NWA 的竞争地位 “已被证明是有韧性的”。它 “强劲复苏” 了因 Covid-19 疫情造成的干扰，并且 “超出了最初的增长预期”。</p>
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<p>Sats 补充说，自那时以来，它保持了领先的市场地位，并将该公司描述为 “Sats China 战略中一个重要支柱，以利用” 中国航空公司日益增加的冷冻航空餐采用。</p>
<p>Sats 表示，购买价格将通过内部资源融资，并以现金支付。</p>
<p>该交易预计不会对集团当前财年的每股净有形资产和每股合并收益产生重大影响。</p>
<p>另见</p>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/76253c80190fce19726be0021da40aa33976463f4a3bf6480822028baf11ab55/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/76253c80190fce19726be0021da40aa33976463f4a3bf6480822028baf11ab55/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>DBS：市场 ‘低估’ 燃料对航空业的影响</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/6d939603e4cc06dd988bd76fd36c18352c428d7b5070a954e9ab57d5a7c99cf6/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/6d939603e4cc06dd988bd76fd36c18352c428d7b5070a954e9ab57d5a7c99cf6/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>大华银行对 Sats 发起 ‘买入’ 评级，称货运增长前景良好</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ed4e4a7a183cd11d944fcec61cc4e566804acf08d03b4882a8fc900138b7102b/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ed4e4a7a183cd11d944fcec61cc4e566804acf08d03b4882a8fc900138b7102b/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>菲利普证券将 Sats 评级上调至 ‘买入’；认为伊朗战争不会产生重大影响</h3>
<h2>对齐利益</h2>
<p>为了在疫情后对齐股东利益，Sats China 终止了与 NWA 创始人兼总经理罗博于 2019 年设定的原始收益协议。</p>
<p>Sats 指出，NWA 已经超越了其基本业绩目标，使罗博有权在未来五年内获得这些收益。</p>
<p>该集团与罗博协商了一项新的股东协议，允许其保留以约 7800 万元人民币的固定总金额分期收购其在 NWA 剩余 10% 股份的权利。</p>
<p>Sats 食品解决方案首席执行官 Samuel Koh 表示：“NWA 在中国航空食品行业建立了卓越的成就：一个经过验证的冷冻餐平台，具备运营能力、客户关系和生产专业知识，能够大规模增长。”</p>
<p>在公告发布前，Sats 的股价在周三收盘上涨 0.9%，或 0.03 新元，至 3.32 新元。</p>
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新翔集团

<p>Sats，一家货物处理和机上餐饮服务公司，宣布将以 3.126 亿人民币（5800 万新元）收购南京维洲航空食品有限公司（NWA）额外 40% 的股份，使其总持股比例达到 90%。此次收购旨在巩固运营控制并优化生产效率。自 2019 年 Sats 首次投资以来，NWA 的收入已翻倍，受益于中国航空公司对冷冻餐的需求增长。此次收购将通过内部资源进行融资，预计不会对 Sats 的财务状况产生重大影响</p>

<p>[SINGAPORE] Cargo handler and in-flight caterer Sats on Wednesday (May 6) said it will acquire an additional 40 per cent stake in China’s leading frozen aviation meal manufacturer for 312.6 million yuan (S$58 million).</p>
<div class="lb-trans"><p>[新加坡] 货物处理和机上餐饮服务公司 Sats 在周三（5 月 6 日）表示，将以 3.126 亿元人民币（5800 万新元）收购中国领先的冷冻航空餐制造商的 40% 股份。</p>
</div><p>This brings Sats’ total shareholding in Nanjing Weizhou Airline Food Corporation (NWA) to 90 per cent, following its initial investment for 50 per cent ownership in 2019, allowing the group to consolidate operational control over the business.</p>
<div class="lb-trans"><p>这使得 Sats 在南京维洲航空食品有限公司（NWA）的总持股比例达到 90%，此前在 2019 年首次投资获得 50% 的股权，从而使该集团能够对业务进行整合管理。</p>
</div><p>Since that initial capital injection, Sats noted that NWA has more than doubled its revenue as Chinese carriers accelerated their adoption of frozen meals in domestic operations.</p>
<div class="lb-trans"><p>自那次初始资本注入以来，Sats 指出，NWA 的收入已经翻了一番以上，因为中国航空公司加速采用冷冻餐饮服务于国内运营。</p>
</div><p>Headquartered in Nanjing, NWA supplies frozen meals, snacks and related food products to airline customers across China. Its network of on and off-airport assembly kitchens around the country extends its reach.</p>
<div class="lb-trans"><p>NWA 总部位于南京，为中国各地的航空客户提供冷冻餐、零食及相关食品产品。其在全国范围内的机场内外组装厨房网络扩展了其覆盖范围。</p>
</div><p>Sats noted that acquiring the additional stake will let Sats China and NWA align their operating models. This would optimise production capacity and increase efficiencies.</p>
<div class="lb-trans"><p>Sats 指出，收购额外股份将使 Sats China 与 NWA 的运营模式保持一致。这将优化生产能力并提高效率。</p>
</div><p>Sats also said that NWA’s competitive position “has proven to be resilient”. It “recovered strongly” from the disruptions caused by the Covid-19 pandemic, as well as “outperformed initial growth expectations”.</p>
<div class="lb-trans"><p>Sats 还表示，NWA 的竞争地位 “已被证明是有韧性的”。它 “强劲复苏” 了因 Covid-19 疫情造成的干扰，并且 “超出了最初的增长预期”。</p>
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</div><p>It has since maintained its leading market position, added Sats, describing the company as “an important pillar of Sats China’s strategy to capitalise on” Chinese airlines’ increasing adoption of frozen aviation meals.</p>
<div class="lb-trans"><p>Sats 补充说，自那时以来，它保持了领先的市场地位，并将该公司描述为 “Sats China 战略中一个重要支柱，以利用” 中国航空公司日益增加的冷冻航空餐采用。</p>
</div><p>Sats said the purchase price will be funded through internal resources and paid in cash.</p>
<div class="lb-trans"><p>Sats 表示，购买价格将通过内部资源融资，并以现金支付。</p>
</div><p>The transaction is not expected to have any material impact on the group’s net tangible assets per share and consolidated earnings per share for the current financial year.</p>
<div class="lb-trans"><p>该交易预计不会对集团当前财年的每股净有形资产和每股合并收益产生重大影响。</p>
</div><p>SEE ALSO</p>
<div class="lb-trans"><p>另见</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/76253c80190fce19726be0021da40aa33976463f4a3bf6480822028baf11ab55/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/76253c80190fce19726be0021da40aa33976463f4a3bf6480822028baf11ab55?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Market ‘underestimating’ fuel impact on aviation sector: DBS</h3>
<div class="lb-trans"><h3>DBS：市场 ‘低估’ 燃料对航空业的影响</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/6d939603e4cc06dd988bd76fd36c18352c428d7b5070a954e9ab57d5a7c99cf6/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/6d939603e4cc06dd988bd76fd36c18352c428d7b5070a954e9ab57d5a7c99cf6?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Maybank initiates ‘buy’ on Sats, citing cargo growth prospects</h3>
<div class="lb-trans"><h3>大华银行对 Sats 发起 ‘买入’ 评级，称货运增长前景良好</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ed4e4a7a183cd11d944fcec61cc4e566804acf08d03b4882a8fc900138b7102b/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/ed4e4a7a183cd11d944fcec61cc4e566804acf08d03b4882a8fc900138b7102b?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Phillip Securities upgrades Sats to ‘buy’; sees no material impact from Iran war</h3>
<div class="lb-trans"><h3>菲利普证券将 Sats 评级上调至 ‘买入’；认为伊朗战争不会产生重大影响</h3>
</div><h2>Aligning interests</h2>
<div class="lb-trans"><h2>对齐利益</h2>
</div><p>To align shareholder interest post-pandemic, Sats China terminated the original earn-out agreement set out in 2019 with Luo Bo, the founder and general manager of NWA.</p>
<div class="lb-trans"><p>为了在疫情后对齐股东利益，Sats China 终止了与 NWA 创始人兼总经理罗博于 2019 年设定的原始收益协议。</p>
</div><p>Sats noted that NWA has already surpassed its underlying performance targets, entitling Luo to receive these earn-outs over the next five years.</p>
<div class="lb-trans"><p>Sats 指出，NWA 已经超越了其基本业绩目标，使罗博有权在未来五年内获得这些收益。</p>
</div><p>The group has negotiated a new shareholders’ agreement with Luo, allowing it to retain the right to acquire his remaining 10 per cent stake in NWA in one or more tranches at a fixed aggregate amount of around 78 million yuan.</p>
<div class="lb-trans"><p>该集团与罗博协商了一项新的股东协议，允许其保留以约 7800 万元人民币的固定总金额分期收购其在 NWA 剩余 10% 股份的权利。</p>
</div><p>Samuel Koh, chief executive officer of Sats Food Solutions, said: “NWA has built something exceptional in China’s aviation food sector: a proven frozen meals platform with the operational capability, customer relationships, and production know-how to grow at scale.”</p>
<div class="lb-trans"><p>Sats 食品解决方案首席执行官 Samuel Koh 表示：“NWA 在中国航空食品行业建立了卓越的成就：一个经过验证的冷冻餐平台，具备运营能力、客户关系和生产专业知识，能够大规模增长。”</p>
</div><p>Shares of Sats closed 0.9 per cent or S$0.03 higher at S$3.32 on Wednesday, prior to the announcement.</p>
<div class="lb-trans"><p>在公告发布前，Sats 的股价在周三收盘上涨 0.9%，或 0.03 新元，至 3.32 新元。</p>
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Sats acquires additional 40% stake in China aviation meal producer for 312.6 million yuan

Businesstimes News

新翔集团以 3.126 亿元人民币收购中国航空餐生产商的额外 40% 股份