MobileWeChatCHINESE

Foton Motor intends to establish a joint venture with Yunnan Yunnei Power Group, Jilin Henglian Precision Casting Technology Co., Ltd. and Beijing Automotive

本地原创 2019-4-1 15:14:49 Hits 0
Tags
[Intro]On February 21, 2019, Foton Motor announced that Foton Motor planned to jointly establish Hebei Guiyi Auto Parts Co., Ltd. with Yunnan Yunnei Power Group Co., Ltd., Jilin Henglian Precision Casting Technology Co., Ltd., and Beijing Automobile Co., Lt

On February 21, 2019, Foton Motor announced that Foton Motor planned to jointly establish Hebei Guiyi Auto Parts Co., Ltd. with Yunnan Yunnei Power Group Co., Ltd., Jilin Henglian Precision Casting Technology Co., Ltd., and Beijing Automobile Co., Ltd. The registered capital is about CNY 436 million. Yunnei Group intends to invest about CNY 262 million in cash, holding 60% shares; Foton Motor, Jilin Henglian and Beijing Automotive propose to invest in their entire shareholding of Hebei Beiqi Foton Auto Parts Co., Ltd. The confirmed equity value is about CNY 89 million, 58 million and 0.28 billion, and the shareholding ratio is 20.4%, 13.2% and 6.4%, respectively. After the transaction is completed, Hebei Beiqi Foton Auto Parts Co., Ltd. will become a wholly-owned subsidiary of Hebei Guiyi Auto Parts Co., Ltd.

The 2018 Annual Results Pre-Loss Announcement released by Foton Motor on January 26th shows that the net profit attributable to shareholders of listed companies in 2018 will be a loss compared with the same period of the previous year, which is about CNY -3.2 billion. Foton Motor believes that the loss is mainly due to the increased year-on-year advertising promotion fee and decreased sales volume of Baowo's business in 2018. 

The Announcement shows that this transaction will enable Foton Motor to achieve an investment income of approximately CNY 67 million.


Share this article:
To the immediate understanding of casting information, please cast world network version of the mobile phone right or scan two-dimensional code, concerned official micro letter foundry Journal。
Related news:
[CopyFrom:本地原创]
Article:

Disclaimer copyright and free:

all this marked "source: all casting world network" of the works, copyright belong to the casting world network, do not reprint, editing or use other ways to use without the authorization of the network. Has been this net authorization work, should use in the scope of authority, and indicate "the origin: casting the world network". Violators of this net will investigate legal liability.

the network every indication "origin: XXX (the net)" works, reprints from other media reprint aims to convey more information, does not represent the agree with their views and be responsible for the authenticity, direct liability and joint liability and does not assume such works infringement behavior. If other media, web site or download from the personal use, must be retained in the network to indicate "the manuscript origin", and own the copyright and other legal liability.

if the problems involved the content of works, copyright, please within two weeks of contact with the network in a day, or as a waiver of related rights.

Ranking