Chery auto parts spin-off of assets suspected of intentionally lightly armed Listed

Posted on 11/27/2015 3:31:16 PM

Yesterday, Miles Young of a major asset restructuring suspension notice will be interpreted by markets as Chery accelerate market signals. According to Miles Young disclosed that intends to issue shares and to pay a combination of cash acquired Chery Automobile Co., owned auto parts related assets. Market analysts believe that, with the assets of the parts, "spin-off", the listing is expected to accelerate the process of Chery Automobile.
Miles Young, responsible person Shangzheng Bao yesterday in an interview with reporters, said the acquisition can enrich the company's product line and expand production. At the same time, the person denied the outside world preaching Chery Automobile Company will achieve backdoor listing possible and said that this restructuring is now just a framework.
Chery this "spin-off" auto parts assets intended for that? Become the focus of market attention. Reporters learned that Chery has a specialized auto parts business of the company in Wuhu - Wuhu Chery Technology Limited. The company was founded in November 21, 2001, the registered capital of 1.812 billion yuan. Business scope includes auto and auto parts industry venture capital; auto parts production, processing and marketing; motor vehicles and parts design, research and development; automotive equipment design, manufacturing and sales. Shareholder information display, Wuhu Chery Technology before the end of 2014, 100% controlled by Chery Automobile, change thereafter shareholders Chery Automobile Holdings Ltd. and Chery.
This time, Chery auto parts related assets will be its "spin-off" to Miles Young, it has also been interpreted by markets as Chery delays in accelerating its years of listing.
Chery from the end of last year in personnel and business aspects of a series of adjustments. In related news, Chery Automobile's was once owned more than one automobile sector, but also includes parts production, logistics, real estate development and many other sectors, which makes the Chery Automobile business showed many and complex situation. Thus, Chery Automobile to adjust its business again, the component assets packaged, then stripped to the parent company.
This equity changes from Wuhu Chery Technology can reflect. And equity change time point of the correspondent of the inspection match last December, the loss of a controlling stake in Chery Automobile in Wuhu Chery Technology, the proportion of shares was reduced to 49%. In addition, a large number of subsidiaries Chery Automobile had also been stripped out of Chery Automobile, one of the few to be canceled, most were injected Wuhu Chery Technology. Wuhu Chery Technology is now considered to be a whole group of Chery auto parts companies.
He said a course of conduct, the market that is Chery Automobile to accelerate the listing of doing a "downsizing." But if you really want to restart Chery IPO, Miles Young Chery auto parts assets acquired after the operation will have any cause for concern.

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