The hottest Weichai Power plans to increase its ho

Weichai Power plans to increase its holding of Kaiao by no more than 400million euros

Weichai Power plans to increase its holding of Kaiao by no more than 400million euros

China Construction machinery information

Guide: Weichai Power has an action plan to promote the development of the general aviation industry. The company announced last night that it plans to subscribe for the option of King holding 1 GmbH (hereinafter referred to as German Kaiao company) for no more than 400million euros. At present, Weichai Power holds 25% of the equity of Kaiao company in Germany. If all the above increases are successfully completed, the shareholding ratio will rise to 33.3%

Weichai Power Co., Ltd. announced last night that it plans to subscribe for Kion holding 1 with no more than 400million euros, of which micron nano PCL drug delivery carrier is in the research stage, GmbH (hereinafter referred to as "Kaiao company of Germany") option. At present, Weichai Power holds 25% of the equity of Kaiao company in Germany. If all the above increases are successfully completed, the shareholding ratio will rise to 33.3%

the option to increase the holding of German Kaiao company is carried out by Weichai Power according to the relevant agreement on the previous acquisition of German Kaiao company, and will be exercised by Weichai Power (Luxembourg) holding s. à R.L. (Weichai Luxembourg), an indirect wholly-owned subsidiary of Weichai Power, including the call option of German Kaiao company and the 3.3% call option of superlift company

Weichai Power said that it was expected that the upper limit of the transaction amount would not exceed 400million euros, place "We have been planning to enter the new energy industry chain for several years, and the funds we need to pay are solved through self raised funds or loan financing.

Weichai Power said that increasing its shareholding in Kaiao, nominating two members of the board of supervisors and having the preemptive right are in line with the company's long-term development and the strategy of cooperation with Kaiao.

the transaction to exercise the call option still needs to be approved by the Chinese government The approval of relevant departments, as well as the approval of relevant overseas regulatory departments (including the anti-monopoly review and approval of the relevant overseas regulatory departments on the 3.3% subscription period of superlift 1, the accuracy level of the experimental machine: Level 1 right)

previously, Weichai Power completed the merger and acquisition of Kaiao at a price of 738 million euros (about 6.052 billion yuan). It is reported that Weichai Power has entered the world's leading forklift and high-end hydraulic field through this transaction. Weichai Power has also become the new major investor of Kaiao after KKR and Goldman Sachs

Tan Xuguang, chairman of Weichai Power, once said that the restructured Kaiao will leverage Weichai Power's strong local strength and rich network resources to quickly enter the high growth Asian market, especially benefiting from Weichai Power's extensive supplier system in China and Europe

yesterday, Weichai Power rose 1.51% to close at 23.55 yuan/share