The CNHTC Group Jining Commercial Vehicle Co., Ltd. (Jining Commercial Vehicle), which was established in 2005, will be left-handed by the parent company Sinotruk Group. At present, the Shandong State-owned Assets Supervision and Administration Commission has agreed that Sinotruk Group will transfer 100% of its state-owned Jining commercial vehicle ownership to its reserve price of 97,303,100 yuan.
The CNHTC Group Jining Commercial Vehicle Co., Ltd. (Jining Commercial Vehicle), which was established in 2005, will be left-handed by the parent company Sinotruk Group. Yesterday, Shandong Property Rights Online posted a message that a 100% stake in Jining Commercial Vehicles will be transferred by Sinotruk Group for a price of 97,003,100 yuan. This reporter learned that the takeover would be that of China National Heavy Duty Truck Group. Heavy truck.
According to information from the Shandong Property Rights Exchange, as of November 30, 2009, Jining's commercial vehicle operating income was 1,187.877 million yuan, operating profit was negative 10024.24 million yuan, and net profit was 14.816 million yuan. The listed transfer requires the transferee to meet the requirements of the national auto industry restructuring and revitalization plan to promote the auto industry restructuring, commitment to provide future Euro 4 and Euro 5 engine international advanced technology for the company's development, commitment to solve the Jining commercial vehicle production qualification The problem is that within the next two years, in order to achieve rapid development of the company, the company will invest no less than 200 million yuan to enable the company to reach a production scale of more than 20,000 heavy vehicles.
Jining Commercial Vehicle is one of the four major units of China National Heavy Duty Truck Group. The company plans to invest a total investment of 500 million yuan, of which the first phase of the project is 300 million yuan, and an annual output of 20,000 heavy-duty vehicles will be designed. RMB 6 billion, it mainly produces heavy-duty vehicles ranging from 10 tons to 55 tons of trucks, tractors, and dump trucks, and is suitable for long-distance transportation, engineering construction, and mine production.
The Jining Commercial Vehicle was first registered by China National Heavy Duty Truck Group, Jining Mining Group and Yankuang Group on January 10, 2005. Among them, China National Heavy Duty Truck Group holds 51% of the equity, and the other two together hold 49% of the equity. In September 2009, China National Heavy Duty Truck Group purchased 49% of the stock for a consideration of 49 million yuan.
Although the date of the listing was from April 20 to May 18, 2010, the reporter noticed that the person who took the order actually had it. An announcement from China National Heavy Duty Truck in November 2009 showed that on the 15th of this month, Jinan Power Company, a wholly-owned subsidiary of Sinotruk, signed an equity transfer agreement with Sinotruk Group, which will transfer Jining Commercial Vehicles 100% to the former. Equity, transfer initial price of 97.4 million yuan.
China National Heavy Duty Truck stated that the main business of Jining Commercial Vehicles is to manufacture and sell commercial vehicles for customers in the coal industry. Considering the market potential of its business and potential profit contribution in the future is compatible with the strategy of Sinotruk, the acquisition will enable China CNHTC diversified its product range, broadened its revenue sources and further increased its production capacity.
The Shandong State-owned Assets Supervision and Administration Commission has agreed that CNHTC will transfer 100% of its state-owned Jining commercial vehicle ownership to its reserve price of 97.3031 million yuan.
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