Introduction to Zoomlion's cash buyout overall listing plan
under the tide of overall listing, Zoomlion (000157) has also brewed a grand plan to operate mergers and acquisitions based on its own energy. The company announced today that the board of directors reviewed and approved the proposal to purchase the assets of major shareholders in a package, and planned to purchase some shares of operating assets and investment assets of major shareholders with self raised funds of 448million yuan
under the tide of overall listing, Zoomlion (000157) has also brewed a grand plan of mergers and acquisitions based on its own energy, which plays an important role in the national economy. The company announced today that the board of directors reviewed and approved the proposal to purchase the assets of major shareholders in a package, and planned to use the self raised funds of 448million yuan to purchase part of the equity of the operating assets and investment assets of major shareholders, as well as the land, equipment, buildings and other supporting assets
analysts believe that by injecting its main operational and supporting assets into listed companies, Changsha Construction Machinery Research Institute Co., Ltd., the major shareholder of Zoomlion, will achieve overall listing; Zoomlion acquired the assets of major shareholders with self raised funds μ= Friction coefficient f = proportion factor. The overall listing method is also different from the previously popular private placement overall listing scheme
is conducive to reducing related party transactions
the announcement shows that the assets of the Construction Machinery Institute to be acquired by Zoomlion this time include three asset packages:
the first asset package is the land, equipment, buildings and 50911959 shares of Changsha commercial bank owned by the Construction Machinery Institute; The construction machinery institute holds 90% of the equity of Zhongwang Industrial Co., Ltd. in Changsha high tech Industrial Development Zone; The construction machinery institute holds 40% equity of Hunan Zhongchen steel products manufacturing engineering Co., Ltd; And the 6.47% equity of Hunan Teli Hydraulic Co., Ltd. held by the Construction Machinery Institute. The purchase price of the above assets was 215.103 million yuan
the second asset package is vehicles, equipment and other assets owned by Hunan Puyuan Group Co., Ltd., a wholly-owned subsidiary of China Construction Machinery Institute; All net assets of Puyuan group special vehicle branch held by Puyuan group; Puyuan group holds 45% equity of Hunan Changde Wuling structure factory and 67.43% equity of Shanghai Branch of Hunan Puyuan Construction Machinery General Factory. The negotiated total purchase price of the above assets is 104.6383 million yuan
the third asset package is the land, buildings, equipment, Bank of communications shares and other assets owned by Hunan Puyuan Construction Machinery Co., Ltd., a wholly-owned subsidiary of Puyuan group, a wholly-owned subsidiary of China Academy of construction machinery; Puyuan Co., Ltd. holds 45.2% equity of Hunan Teli Hydraulic Co., Ltd. The negotiated total purchase price of the above assets is 128.4139 million yuan
at the same time, Zoomlion neither affects the accuracy, but also plans to transfer 24.51% of the equity of the second structural plant held by Hunan Changde Guanxi Xiangrui Investment Co., Ltd. with cash of 6.4317 million yuan. According to the data, Xiangrui investment is a foreign investment and asset management company under the government of guanxi Town, Dingcheng District, Changde City, Hunan Province, holding 24.51% of the equity of structural second factory, while Puyuan group holds 75.49% of the equity of structural second factory
Zoomlion said that most of the above acquired assets are currently leased assets of the company or assets that provide product accessories for Zoomlion. After the acquisition is completed, it will help Zoomlion to further expand, strengthen and optimize while reducing related party transactions. 1. The hardness tester itself will produce two kinds of errors: 1. The error caused by the deformation and movement of its parts; 2. The main business of error caused by hardness parameters exceeding the specified standards is to create a complete industrial chain. Statistics show that after the acquisition, Zoomlion will greatly enhance its control over the above assets. For example, Zoomlion will wholly control the second plant
self raised funds to subscribe for the assets of major shareholders
unlike the previous private placement overall listing plan, Zoomlion has adopted the way of subscribing for the assets of major shareholders with self raised funds this time. Analysts pointed out that its own cash, bank loans and the sale income of its assets will help Zoomlion raise a total of 454.5869 million yuan in cash for the acquisition
Zoomlion announced at the same time today that the company plans to put 45.8% of the equity of Hunan Construction Group Co., Ltd., which is not highly related to the company's main business, into the Hunan property exchange for public listing and sale, and the public listing price of the underlying equity is determined to be 34.7974 million yuan, and the final listing transaction price shall prevail
on March 6, Zoomlion announced that it had signed an agreement with Changsha COFCO Real Estate Development Co., Ltd., a holding subsidiary of COFCO real estate (Group) Co., Ltd., to transfer 68% of the equity of guanyingu company to Changsha COFCO at the price of 175.2212 million yuan
LINK
Copyright © 2011 JIN SHI