The general trend of the world, divided for a long time, divided for a long time. So is the "battlefield" of commercial vehicles.
With the acceleration of the "new four modernizations" of automobiles, the market competition is more diversified, which means greater financial pressure for automobile manufacturers. It is not advisable to engage in scale expansion blindly, nor is it advisable to go it alone blindly. How to alleviate the huge capital chain pressure of car companies? Introducing strategic investment, equity transfer or reorganization and listing has become one of the effective ways for China's commercial vehicle enterprises to reduce market risks and enhance the market competitiveness of their main business.
The first half of 2020 has not passed yet. In the first half of the liberalization of foreign shares, major asset restructuring events of commercial vehicle enterprises occurred one after another, which was significantly more frequent than in previous years. China commercial vehicle market competition may start to enter a new stage of development. Next, let's take a look!
Hyundai Motor Holdings Sichuan Hyundai accelerates the expansion of commercial vehicle business in China.
On June 2020, 65438+ 10 1 was officially released. Under this opportunity, in order to define the global enterprise positioning based on the sole proprietorship system and expand the commercial vehicle business in China, Sichuan Hyundai completed the share change at the beginning of this year. After the change, Hyundai Motor Group became the only major shareholder with a shareholding ratio of 100%. At this point, Sichuan Hyundai changed into a wholly foreign-owned legal person, and became the first wholly foreign-owned commercial vehicle enterprise in China.
/kloc-Since March of 0/8, Sichuan Hyundai has been renamed as a modern commercial vehicle with a brand-new CI design. After modern commercial vehicles are operated independently, it has laid a foundation for them to introduce the accumulated experience and advanced technology of modern vehicles into the world market more quickly. At the same time, by expanding the product line and leading the future commercial vehicle market in China, modern commercial vehicles are expected to grow into a brand that has attracted much attention in the industry.
An Kai's transfer of 40% equity of An Kai Axle will be completed before July 3 1.
In recent years, due to the increasingly depressed market situation in the bus industry, An Kai Bus (the full name of the company is "Anhui Ankai Automobile Co., Ltd.") has tried to "slim down" its assets, ease the operating pressure and further enhance its business development capability. In 20 18 and 20 19, An Kai Bus tried to transfer the equity of Yangzhou Hongyun 100% twice, but it seems that there was no big gain after the announcement.
This year, substantial progress has been made in the project of "slimming down" bus assets in An Kai. On March 20th, An Kai Bus "publicly listed and transferred 40% equity of An Kai Futian Shuguang Axle Co., Ltd. (hereinafter referred to as" An Kai Axle ") through Anhui Property Rights Exchange Center, with a reserve price of 48.6032 million yuan; 17 In April, 40% equity transfer listing of An Kai Axle of Anhui Property Rights Exchange Center expired, and Anhui Property Rights Exchange Center collected 1 qualified intended transferee, and the final transferee was Guangxi Fangsheng Industrial Co., Ltd. (hereinafter referred to as "Fangsheng Industry").
At the same time, the change of An Kai's controlling stake has been stepped up this year. In September, 2065438+2009, An Kai Bus received the Letter of Intent on Transfer of An Kai Bus Share Agreement from Jianghuai Automobile and Anhui Investment Co., Ltd. According to the Letter of Intent, CRRC will hold 2 1.3% of An Kai Bus, Jianghuai Automobile will only own 12.35% of the shares, and the controlling shareholder of An Kai Bus will be CRRC instead of Jianghuai Automobile. In March 2020, An Kai Bus announced that since June 5438+ 10, 2020, due to the novel coronavirus epidemic, the staff of all parties to the transaction and consulting institutions did not return to their posts enough, and the meeting and negotiation process were postponed. All parties hope to reach a final agreement on the transfer agreement before July 3, 20201.
Futian listed and transferred 5 1% equity of Hebei Reza, some assets of Huairou Heavy Machinery Factory and 30% equity of An Kai Axle.
Under the strategic background that Foton Motor focuses on the commercial vehicle business and realizes the three-year action plan, in order to introduce diversified capital and ensure the long-term sustainable development of its wholly-owned subsidiary Hebei Rezha Heavy Construction Machinery Co., Ltd. (hereinafter referred to as "Hebei Rezha"), Foton Motor issued the Announcement on Public Listing and Transfer of 5 1% Equity of Hebei Rezha Heavy Construction Machinery Co., Ltd. on April 2, 2020. The listing price is 247 million yuan. After the equity transfer, Foton Motor will hold a 49% stake in Reza, Hebei.
On April 22nd, Foton Motor also issued the announcement of "Some assets of Huairou Heavy Machinery Factory are publicly listed and transferred". Futian intends to publicly list and transfer related assets such as workshop and equipment of Huairou Heavy Machinery Factory, and the transfer reserve price is not lower than the filing result of BAIC Group in the evaluation report; The proceeds from this transfer will be used by Foton Motor to repay bank loans and support the development of commercial vehicle business. It is reported that the optimization of existing assets through asset transfer this time is expected to bring about 654.38 billion yuan of asset transfer income to Foton Motor.
In addition, after An Kai Bus successfully sold 40% equity of An Kai Axle, Foton Motor also announced on the evening of June 4th that it would transfer 30% equity of Anhui An Kai Futian Shuguang Axle Co., Ltd. through public listing. The company intends to transfer 30% equity of An Kai Axle through Beijing Equity Exchange, and the listing price is 36,452,400 yuan. After the transfer, Futian no longer holds the equity of An Kai Axle.
At present, these three listing transfers are in progress. Among them, in the announcement of 565,438+0% equity transfer in Hebei Rezha, Foton Motor stated that this equity transfer reduced the capital occupation of Foton Motor and reduced the competition with other construction machinery enterprises, thus increasing the chassis sales and further enhancing the market position; In the announcement of 30% equity of An Kai Axle, Foton Motor said that this transaction is to strengthen the company's long-term equity investment management and improve the efficiency of asset allocation and operation. It is worth noting that in the three listing transfers, Foton Motor said that the transaction will help Foton Motor focus on the core business of commercial vehicles, continue to consolidate Foton Motor's advantages in the field of commercial vehicles, promote technological innovation in commercial vehicles, and further enhance its market position.
Faw liberation was listed through major asset replacement and reorganization of FAW Car.
On May 20th, FAW Car Co., Ltd. issued an announcement on changing the company name and securities abbreviation. The Chinese name of the company was changed from FAW Car Co., Ltd. to faw liberation Group Co., Ltd., and the securities abbreviation was changed from FAW Car to faw liberation accordingly, and the registered capital increased to 4.696 billion yuan. This marks the official listing of FAW Car in faw liberation after a year of asset restructuring.
Before the reorganization, faw liberation was a leading commercial vehicle enterprise with excellent performance and profitability exceeding that of most domestic A-share listed car companies. 20 19, 12, FAW Car put 100% equity in faw liberation, and its main business is from passenger cars to transformers; 2065438+On June 25th, 2009, FAW Car set up a wholly-owned subsidiary with RMB 50 million to undertake the asset restructuring of faw liberation; On August 3, 2065438, FAW Car was placed in faw liberation 100% equity; On February 9, 2020, FAW Car's holding of 0/00% equity in faw liberation/KLOC was unconditionally approved by the CSRC. On April 24, 2020, the personnel of FAW Car changed, with Hu as the chairman and Zhu Qi as the new general manager; On May 20th, 2020, FAW Car was officially renamed as faw liberation.
It is reported that faw liberation's assets reorganization and listing reflects FAW's strategy, and FAW Group's strategy is the "tip of the iceberg" of FAW Group's strategic adjustment. Faw liberation, which has a strong sales leading edge in the field of trucks in recent years, will surely usher in a larger market space after listing.
Volkswagen acquired a 50% stake in JAC and increased JAC Volkswagen's stake to 75%.
China opened its share ratio to foreign capital with a brand-new attitude, which sent a strong and positive signal to the whole world. This contributed to Volkswagen's acquisition of 50% shares of JAC and the increase of JAC Volkswagen's shares.
On May 29th, JAC announced that the State-owned Assets Supervision and Administration Commission of Anhui Province, Volkswagen China Investment and Jiang Qi Holdings will sign the Letter of Intent on Capital Increase of Anhui JAC Automobile Group Holding Co., Ltd., and Volkswagen China Investment will acquire 50% of Jiang Qi Holdings through capital increase, and at the same time increase its shareholding in Jianghuai Volkswagen to 75%.
After Volkswagen China becomes the shareholder who directly holds 75% equity of the joint venture company, Volkswagen Group is willing to award the mainstream brands and a series of new energy products under the joint venture company Volkswagen Group. The joint venture company will gradually expand its scale and strive to achieve the goal of annual output of 350,000-400,000 vehicles in 2029. The total investment of the project is expected to reach about 654.38 billion euros or equivalent RMB. At the same time, Volkswagen Group is willing to further develop comprehensive and in-depth cooperation with Jiang Qi Holdings in various fields under the framework of laws and regulations.
Geely has paid 30 million yuan for the listing of valin star horse 15.24% equity.
In addition to An Kai and Futian, valin star horse is also listed as a company that transfers equity. In order to meet the requirements of the Medium-and Long-term Development Plan of Automobile Industry and other documents, introduce powerful strategic partners, highlight the development of main business, promote the integration of automobile industry and enhance the market competitiveness, on May 23rd, the controlling shareholder valin star horse Group and its wholly-owned subsidiary Huashen Building Materials intend to transfer all its shares in valin star horse (65,438+05.24% equity of valin star horse) by publicly soliciting the transferee. If the transfer of this public offering is completed, the controlling shareholder and actual controller of valin star horse will change.
When the listing transfer incident came out, the industry was shocked. In the past two months, valin star horse has continued to be a hot spot of major media numbers. On June 8, valin star horse said in the Announcement on the Progress of the Controlling Shareholders' Public Solicitation of the Transferee of the Company to be Transferred that Geely Commercial Vehicle Group had submitted the Letter of Intent for Transferee and related application materials to Xingma Group, and paid the subscription intention of RMB 30 million. If Geely finally takes over, it will be very good for both sides. First, Geely has great ambitions in the field of commercial vehicles in recent years, but it is a bit "partial" in the field of new energy. valin star horse will quickly let it obtain resources and technical reserves in the field of traditional heavy truck technology; Second, valin star horse will also get the support of Geely's abundant funds, which will not only ease the current predicament, but also make its future development more worth looking forward to.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.