Beiqi Foton acquires three impacts of heavy-duty truck business


Important Note: Beiqi Futian intends to acquire assets related to its special vehicle business from Futian Heavy Machinery Co., Ltd. by way of debt-taking assets acquisition, and at the same time undertake liabilities corresponding to the purchase and purchase of assets. After the acquisition is completed, the heavy construction machinery industry platform will be quickly established to improve the Foton auto business system; at the same time, it will also create new profit growth points for Foton Motor.

Acquisition plan:

1. Acquisition scope: Fukuda Heavy Machinery special vehicle business related assets (including its wholly-owned subsidiary, Revo International), and undertake corresponding liabilities at the same time.
2, the transaction price: 4800000 yuan.
3, acquisition of funding sources: the company's own funds

Post-acquisition management model: Foton Motors will establish the “Xuhua Foton Motor Co., Ltd. Xuanhua Plant” in Zhangjiakou (a non-corporate branch office, temporary name, which is subject to the industrial and commercial registration as the standard) as the acquisition of the special-purpose vehicle business. At the same time, the company will also register “Beijing Beifang Foton Motor Co., Ltd. Beijing Heavy Machinery Branch” in Changping (temporary name, specific industrial and commercial registration as the standard), as a platform for heavy construction machinery industry, unified management of Foton auto heavy machinery business , as well as the operation and management center of the special vehicle business after the acquisition.

After the acquisition of Foton Motor:

1. After the completion of the acquisition, the total assets of Foton Motor increased by 128 million yuan and the total liabilities increased by 128 million yuan. The debt ratio rose from 78.99% to 79.14%. The current ratio changed from 0.99 to 0.96.
2. Quickly build a platform for heavy construction machinery industry, improve the Foton auto business system, create new profit growth points for Foton Motor, and promote the market expansion of Foton Auto's Auman chassis.
3. In 2010-2015, it is expected to accumulatively sell 93,408 units of products, achieving a net sales revenue of 42.7 billion yuan, and generating a total profit of 5.6 billion yuan for the company.
View related topics: Beiqi Futian, Futian Automobile brand value of 22.157 billion yuan




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