Volvo Group, one of China top the "first Finance Daily "confirmed that Volvo is working with Lingong Construction Machinery Co., Ltd. (" the Lingong ") in talks on cooperation. The Lingong stakeholders also recognized in the negotiations related to cooperation with Volvo.
According to report, holding Lingong of Lights Holdings (600162.SH) are replaced with Lingong mechanical assets Business Assets, but no new progress of the work. The replacement of assets when completed, will affect whether Volvo's holding Lingong.
Simple cooperation or mergers and acquisitions?
Volvo the top that the Volvo Group's acquisition or merger is part of investment in China.
Lingong insider is a General Manager's Office Table Said that several had been to Lingong overseas giants, of the types of co-operation to start over. Among Package Including the Caterpillar , Komatsu and others figure. From the multi-touch in the process of co-operation with Volvo evident. But those who refused to answer the possible modes of cooperation is the cooperation of M & A or a single project.
's Office learned from informed sources, Volvo has been in the last year and this year were to Lingong, Liugong groups and Building work Group and other companies, expand the appropriate arrangements on cooperation. But failed to Public Cloth Related cooperation agreement.
's Got an exclusive in-house information, company vice president about Mary? Hailuo Na talked about last weekend's acquisition of Volvo and the Chinese strategy point of view.
"Including trucks, construction equipment and other equipment exports to China will be the greatest challenge peers. To enter the international market, we must match the corresponding standards and quality. For example: Engine To meet European or North American local emission standards; meet international users quality requirements. Chinese counterparts in the product range and product quality has made much progress, develop perseverance will in the international market place. "
Acquiring the statement about Mary, said: "The Volvo Group is concerned, the Asian market has always been an important market for our future, we look forward to greater development of the Chinese market, we will focus the entire industry. further investment in terms of licensing and mature basis. I believe that over time will see the outcome. " Chinese Mechanical Engineering Society
Zhang Qiang, deputy secretary general told reporters that if the acquisition of Volvo and Lingong reached, then the people will surely think of Carlyle acquired Xugong things. "But the two are distinctly different. The former is the machinery industry corporation, which is the investment company. But if a certain company's acquisition of the domestic machinery manufacturers, on that harm the national economy Security Level up, which seems untenable. "
Is no progress in the replacement of assets
Owned subsidiary as of Lights, Lingong also faces asset replacement. Currently, the replacement is not yet any sign of progress.
Last year, proposed holding of Lights and Southern Lights Group major shareholders (the "Southern Lights") were major assets. Lights Holdings said it will hold 98.68% stake in Lingong, replacement of the South of Lights held Zhengdong Properties Limited and three other companies of the shares and 6.68 million yuan in cash, but the program was returned to China Securities Regulatory Commission and asked to modify.
"Currently we have materials to the Commission, no new progress." Lights holding high the Securities Division director, told reporters yesterday that the internal rules from the previous term, the Commission may within 20 working days after approval to complete, but will also put forward the corresponding supplementary material submitted. However, if re-submitted material, then need to extend the 20 working days. "Last week, we just had time to submit material."
Lingong has total assets of 1.93 billion yuan, fixed assets of 340 million yuan, more than 1,500 employees. In 2005, the loader's sales across the country ranked No. 4, achieved sales revenues of 2.029 billion yuan. I am a professional writer from China Toys Suppliers, which contains a great deal of information about new york city hotels , new york city hotel, welcome to visit!
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