Chang'an Bus Wuxi Yizhiling Locomotive Development Co. LTD , https://www.yizhilingev.com
In recent years, the competition in the commercial vehicle market has become increasingly fierce. Both heavy truck companies and bus companies are trying to increase the market share of products. From the perspective of the company itself, good resource integration can provide strong internal guarantees for the development of the company.
Yesterday, the Changan Automobile Group issued an announcement that, in order to reduce the potential peer competition within the Chang'an Group and further develop the light commercial vehicle business, Chang'an Group will acquire 100% of the shares of Baoding Changke held by Changan Industries.
Baoding Chang'an Bus Manufacturing Co., Ltd. under the China Changan Automobile Group is a passenger car production base of Chongqing Chang'an Automobile Co., Ltd. With more than 30 years of experience in passenger car design and manufacturing, it is one of the earliest companies in China to develop, manufacture, and bulk export light passenger cars. For many years, it has been the backbone enterprise of the domestic passenger car industry.
It is understood that the motion for Changan Automobile to acquire Baoding Chang'an Bus Manufacturing Co., Ltd. will be implemented after the acquisition is determined after both parties have evaluated the assessment of the net assets. At present, the assessment price of the Baoding long-distance passenger project is 225 million yuan, and the actual listed transfer price is 203 million yuan.