Jinbei Automotive announcement of the acquisition of assets recurrence BMW shadow hangs

Posted on 5/28/2015 10:29:19 AM

May 21, Jinbei Automobile (600609, SH) announced that the company is discussing the issue of non-public offering to raise funds will be used to acquire assets, 21 to continue the suspension. This was the Jinbei Automotive since April 15 fifth suspension notice issued.
Concern was suspended several reasons Jinbei Automotive announced that are closely related to a series of asset purchase. Following the zero per transferee Rugao Economic Development Zone Investment and Development Co., Ltd. (hereinafter referred to Rugao investment) 200 million yuan of assets, capital of Shaanxi Changqing holding special vehicle manufacturing company and a series of acquisitions action, Jinbei Automobile is still no resumption of trading, the acquisition continues .
National Securities analyst Cao Crane said: "Jinbei Automotive conducted a series of acquisitions is crucial to their development, which are likely to have associated with BMW."
The acquisition has not stopped
April 15, Jinbei Automobile announced that the company is planning major issues, in order to ensure fair information disclosure, to avoid abnormal stock price volatility, the company shares suspended on April 15. April 22, the company announced the suspension again, but did not disclose the specific reasons for suspension.
April 29, Jinbei Automobile released on major issues continue to suspend the announcement that the company intends to buy about 200 million yuan of assets (subject to final evaluation value) from Rugao Economic and Technological Development Zone, the companies, whether the issue constitutes a restructuring is hard to determine , involving the approval of the competent departments of asset valuation and therefore to continue the suspension.
The acquisition will soon have the results. May 7 Jinbei Automobile announcement that the May 6 Rugao investment company and signed the "Asset Transfer Agreement", the investment has been made in Rugao Rugao Economic and Technological Development Zone Management Committee agreed to the transfer of assets of approval.
Surprisingly, May 7 Jinbei Automotive recurrence day suspension notice, the suspension reason is the planned private placement. Subsequently, on May 21 the company continues to release suspension announcement that the company this non-public offering of shares to raise funds will be used for the acquisition of an asset.
An anonymous analysts believe that, "Gold Prolonged Suspension is not so simple, behind the acquisition has also announced an 'invisible man' existence, is BMW, which Jinbei Automobile future development will play a key of the role. "
Brilliance and BMW guess new project
"Since the Chinese car business and Jinbei Bus divestitures, return to the group, the core of Jinbei Automotive few remaining assets. Therefore, if the assets associated with BMW, or other vehicle business again loaded Jinbei Automobile, will greatly Jinbei Automotive improve the current operating conditions. "The above anonymous analyst said.
According Jinbei Automotive quarterly earnings, in 2012 the company achieved net profit of 22.9331 million yuan, basic earnings per share of 0.0210 yuan; 2013 net profit of 17.6725 million yuan, basic earnings per share of 0.016 yuan; but by 2014, the company recorded a loss 143 million yuan, basic earnings per share -0.131 yuan. "Jinbei Automotive probably dumped some provision for losses in the last year, this year traveling light, this is an important foundation for new cooperation." Cao Crane said, "An important reason for the suspension Jinbei Automotive is likely to Brilliance Group (Jinbei Automotive controlling shareholder) and BMW of a new cooperation project into the unit. "
Previously, Jinbei Automotive zero dollars invested 200 million yuan acquisition of assets Rugao, Cao Crane said: "Nil behind the acquisition may be because Rugao Economic Development Zone, spotted Jinbei Automobile future investment in this project, while leveraging the BMW is the largest The bright spot. "But as of press time reporter, Brilliance Group, this did not give any response.
In fact, Brilliance and BMW long history of cooperation. BMW Brilliance not authorize the production of its N20 engine to help Brilliance optimize production processes, improve management quality and level, and Brilliance China's first high-end passenger car Ode 7 is helping to create the completed under BMW. Some analysts believe that this new collaboration points and BMW Brilliance likely with new energy and related special vehicle.
According Jinbei Automobile announcement, the company acquired Rugao investment assets, including land, buildings, part of the production equipment for the four major commercial vehicle production.
Previously, Qi Yumin, chairman of Brilliance Auto Group, told the "Daily Economic News" reporter interview, he said: "Brilliance and BMW electric car has not yet binding sites, but in terms of the hybrid BMW we want to learn."
Some analysts believe that, as BMW and Jinbei Automotive in commercial areas of cooperation, new energy currently hot or an important direction.
If this speculation is true, Brilliance in the field of special purpose vehicles can copy Hua Song 7 R & D model, leveraging the BMW to build a new energy model, which is likely to be an important way Jinbei Automotive seek breakthrough.
Qi Yumin had also said that the development of Jinbei Automotive will take independent innovation and international partners to find a combination.

Post a comment

Hello guest, care to post a comment?