The two sides still insist on Weichai's acquisition of Shaanxi heavy truck, which is foggy.
the two sides still insist on Weichai's acquisition of Shaanxi heavy truck, which is foggy.
China Construction Machinery Information
Guide: in April 2010, it was rumored that the gratitude and resentment between Weichai Power and Shaanxi provincial SASAC, the second shareholder of Shaanxi heavy truck, are expected to end over the years. Shaanxi provincial government has agreed in principle that Weichai Power controls Shaanxi heavy truck Co., Ltd. 100%. Strangely, after a short time, there were media reports that Weichai Power and Shaanxi Auto
in April, 2010, it was rumored that the 441.3-year grievance between Weichai Power and Shaanxi Provincial State owned assets supervision and Administration Commission, the second shareholder of Shaanxi Heavy Duty Automobile Co., Ltd., was expected to end - the Shaanxi provincial government has agreed in principle that Weichai Power holds 100% of Shaanxi heavy duty Automobile Co., Ltd. Strangely, after a short time, some media reported that Weichai Power and Shaanxi Automobile Group are still in a confrontation pattern, and Tan Xuguang, chairman of Weichai Power, who is good at capital operation, has not completed the "unification" of Shaanxi heavy truck
during the Western China business fair in April 2010, Yuan Chunqing, the then governor of Shaanxi Province, met with Tan Xuguang, chairman of Weichai Power, and said, "I hope you can expand the production scale of Shaanxi heavy truck and fast, strengthen the construction of local parts supporting capacity, accelerate the formation of industrial clusters, make full use of Shaanxi's strong scientific and technological strength, actively carry out technical cooperation and set up R & D institutions in Shaanxi."
at the same time, Tan Xuguang announced the development strategy at the East West cooperation and investment and Trade Fair in China - in the next three to five years, Weichai Power will invest another 5billion yuan in its enterprises in Shaanxi to support the establishment of a heavy truck manufacturing base led by Shaanxi Automobile heavy truck and a key auto parts manufacturing base led by fast transmission in Shaanxi
in this regard, at that time, the market disclosed that the Shaanxi provincial government had agreed in principle to transfer all the equity of Shaanxi heavy truck to Weichai with computer power, and Tan Xuguang would change his wish to own 51% equity of Shaanxi heavy truck into 100% absolute control
is this dispute between shareholders that has lasted for several years resolved overnight? In response to the incident of Weichai Power holding 100% of Shaanxi heavy duty truck, on May 20, an official of the state owned assets supervision and Administration Commission of Shaanxi Province said, "this storm originates from the misreading of the outside world, and we will still cooperate according to the previous proportion and framework"
for this completely different statement, I contacted Weichai Power securities. If you want to know more about the details of the experimental machine, the staff of the Department of industry said, "this kind of major event has not been heard, and it is best to follow the announcement."
in fact, Weichai Power and Shaanxi provincial SASAC, the second shareholder of Shaanxi heavy truck, have been "fighting openly and secretly" for many years. In August, 2009, Shaanxi Automobile Group reported at the internal working meeting that the overall listing plan of Shaanxi Automobile Group has been listed as the key plan of Shaanxi Province, and Shaanxi Automobile Group hopes to enter the domestic A-share market. Shaanxi Province hopes that Weichai Power will give up its controlling stake in Shaanxi heavy truck and transfer its shares to Shaanxi Automobile Group, so as to smoothly load the assets of Shaanxi heavy truck, which accounts for 80% of the operating revenue of Shaanxi Automobile Group, into future listed companies
"Shaanxi Automobile Group will not easily give up the equity of Shaanxi heavy truck, otherwise the overall listing is just an assumption, and the current situation has changed." Some analysts said