The actual controller of Guilin Beili is China National Chemical Industry Group. Its main asset is 1 million sets of all-steel radial tire production lines.
Huanghai Group's industrial tire related land and real estate is the land and real estate required for the production and operation of the Huanghai Limited Industrial Tire Business, a subsidiary of the listed company. The land and property are located at No.86, Jinsheng First Road, Chengyang District, Qingdao City, Shandong Province, and the total land use right area is 391,548. In terms of square meters, the total area of ​​buildings and buildings is 217,026.22 square meters. There are 35 structures and 9 pipeline trenches.
In addition to the above major acquisitions and reorganizations, the company also intends to raise total funds of not more than 2.02053 million yuan, which will be mainly used for PTG and Guilin Beili's main business related global capacity layout optimization, product and process improvement, global industrial tires research and development There are four major areas of center construction and information system construction.
The issuing of shares to raise matching funds will be used in turn for the following items:
After the completion of the transaction of the purchase of shares for the issue of shares, PTG and Guilin Beili will become wholly-owned subsidiaries of Aeolus, and will be independent legal entities. The employees engaged by PTG and Guilin Beiliyuan will continue to perform the original labor after the delivery date. The contract does not involve staff placement issues. According to the relevant resolutions of the 12th meeting of the 6th Board of Directors of Fengshen Co., Ltd. and the 2nd Extraordinary Shareholders Meeting of 2016, Fengshen Co. purchased 100% equity of C&S Shuangxi Tire Co., Ltd. and 100% of Qingdao Huanghai Rubber Co., Ltd. from the rubber company in cash. Purchased a 10% stake in PTG from Pirelli Tyre SpA in cash, and sold an 80% stake in Jiaozuo Fengshen Tire Co., Ltd. to Pirelli Tyre SpA in cash transactions.
Fengshen acquires a number of tire companies
In addition, the announcement publicity: This transaction will help improve the quality of the company's assets, improve the company's financial status and enhance its continuous profitability; it will help the company standardize related party transactions and avoid competition with the industry, and enhance its independence. Both the listed company and the subject of this transaction belong to the tire industry. Through this transaction, the listed company will fully leverage synergies with the integration of PTG and Guilin Beili to enhance the overall profitability of the listed company.
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