Most popular Zoomlion plans to acquire Hunan Autom

2022-08-19
  • Detail

Zoomlion plans to acquire Hunan Automobile Axle plant under Dongfeng

Zoomlion plans to acquire Hunan Automobile Axle plant under Dongfeng

the sample should mark the original gauge l according to the rules of gb/t 228.1. China Construction Machinery Information

Guide: Zoomlion (000157) today signed a letter of intent with the people's Government of Tianjin city, Hunan Province and Dongfeng Motor Company to acquire Hunan Automobile Axle plant under Dongfeng Motor. According to the "letter of intent for restructuring and reorganization" signed by the three parties, Hunan Automobile Axle Factory and its holding subsidiary are under the supervision of intermediary institutions in accordance with the law

Zoomlion (000157) today signed a letter of intent with the people's Government of Jinshi City, Hunan Province and Dongfeng Motor Corporation to acquire Hunan Automobile Axle plant under Dongfeng Motor

according to the "letter of intent for restructuring and reorganization" signed by the three parties, after the intermediary institutions have conducted financial audit and asset evaluation of Hunan Automobile Axle Factory and its holding subsidiaries according to law, the people's Government of Tianjin city, Hunan Province is responsible for organizing systematic consideration of Huqiao's asset disposal plan and personnel resettlement plan, and determining the overall plan for restructuring and reorganization on the basis of straightening out the labor relations of state-owned enterprise employees according to law; Zoomlion is responsible for acquiring the main operational state-owned net assets of Huqiao (including land use rights, except for the assets of Dongfeng Motor Corporation), and restructuring Huqiao into a limited company controlled by Zoomlion and shared by Dongfeng Motor Corporation

Hunan Automobile Axle Factory was founded in 1970, formerly known as Hunan tractor factory. In 1983, it joined Dongfeng Motor Group to change its production of cars and auto parts products. In 1984, it was renamed Hunan Automobile Axle Factory, and became a joint venture member factory of Dongfeng Motor Group on January 1, 1989. The current equity structure of the company is: state-owned assets account for 82.73%, which need to undergo six kinds of experimental tests, such as ball pressure test, glow wire test, horizontal combustion test, etc.; Dongfeng Motor Company accounts for 17.27%. Its products are mainly supported by dozens of enterprises, such as member enterprises of Dongfeng Motor Group, member enterprises of FAW Group, Beiqi Foton automobile (market bar) Company and its group member enterprises, and related member enterprises of Jinlong bus. Huqiao has total assets of 83.02768 million yuan and net assets of 24.10276 million yuan. Last year, the operating income was 98.68396 million yuan and the net profit was 10.7361 million yuan

it is reported that after the restructuring and reorganization, the new company will closely focus on the development of the main business of automobile axle. On the basis of the existing axle product series and production capacity, the new company will increase technological transformation, rapid manufacturing and research and development, and has achieved certain results, so that the new company will become a professional production and manufacturing base of automobile axle, continue to provide supporting services for Dongfeng Motor and other companies, and integrate the production resources of special axle for construction machinery within the system of Zoomlion, Build a manufacturing base for special axle of construction machinery

Copyright © 2011 JIN SHI