On the morning of December 21, the Anhui Changjiang Equity Exchange announced the announcement of the 25% state-owned equity transfer project of Guanzhi Automobile Co., Ltd., and finally, the transferee acquired 25% of the shares of Qoros Auto for 1.625 billion yuan. On the afternoon of the same day, Baoneng Group, Chery Automobile Co., Ltd. and Guanzhi Automobile Co., Ltd. jointly announced that Guanzhi Automobile officially ushered in the strategic investment side - Baoneng Group. Baoneng Group will work with Chery Automobile and Quantum (2007) LLC to support the development of Qoros. According to the agreement, the next three parties will jointly increase the capital of 6.5 billion. As early as July 12 this year, Qoros Auto was “listed†on the Changjiang Equity Exchange, transferring 25.5% of the shares to 1,657.5 million yuan. However, the first transfer ended in a slap. It is reported that the Baoneng Group, which started with logistics and is known for its insurance, has long been involved in the upstream and downstream of the automobile industry chain. According to the data, many listed companies controlled and invested by Baoneng Group are related to the automobile industry chain, including the production of transmission parts and components, which are the main products, and the production of precision forgings for automobiles and motorcycles. Zhongju High-tech (600872, shares) of machined products; CSG Group, which is mainly engaged in glass processing.
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Those close to the transaction pointed out that Chery Automobile and Quantum (2007) LLC, which previously held 50% of the shares of Qiaozhi Automobile, respectively sold 25% and 26% of the shares, totaling RMB 3.3 billion. Chery Automobile and Quantum (2007) LLC injected 3.3 billion yuan into Qoros. At the same time, Baoneng Group injected the same proportion of funds, which means that Qoros will receive a total investment of 6.5 billion yuan.
After being acquired by Baoneng, the shareholder structure of Qoros Auto was adjusted to: 51% of Baoneng; 25% of Chery, and 24% of Quantum (2007) LLC.
Twists and turns of equity transfer
On November 17, Guanzhi was “listed†at the Changjiang Equity Exchange twice, but the share ratio and price of the transfer were adjusted. The transferred shares changed from 25.5% to 25%, and the listed reserve price was adjusted accordingly. 16.25 billion yuan.
In the meantime, the acquisition of behind-the-scenes gold identity has caused many speculations in the industry. Baidu, Wuliangye (000858, stocks), Baoneng, Tencent, etc. have been listed.
However, on the last trading day of last week (December 15), the day after the termination of the listing of Guanzhi Auto, the trading status was changed to “Completedâ€. At that time, there were many sources confirming that it was Baosight Automobile that acquired Guanzhi, but the two sides were carrying out a series of docking work, and the official announcement will be issued recently.
Some analysts pointed out that Chery is the best time to introduce new investors to Guanzhi when the auto industry is once again becoming an investment hub. Dr. Chen Anning, General Manager of Chery Automobile Co., Ltd. said, “In the future, Chery's strategic transformation will focus on building a well-known international enterprise and accelerating the development of intelligence. This project operation is Chery's strategic transformation direction, joint venture and introduction. Important actions in the implementation of strategic investment."
On the other hand, the acquisition of Guanzhi also fully exposed the ambition of Baoneng to enter the automotive industry.
Since the beginning of this year, Baoneng has directly expanded its business scope to the automotive industry.
In March, Baoneng Automobile Co., Ltd. was incorporated and its business scope includes research and development, manufacturing and sales of automobiles, new energy vehicles and other types of passenger cars, buses and their chassis. The company's shareholders are Shenzhen Baoneng Investment Group Co., Ltd. and Shenzhen Baoyuan Logistics Co., Ltd., with a shareholding ratio of 99% and 1% respectively.
On October 20th, the Fuyang District Government of Hangzhou issued the “Strategic Cooperation Framework Agreement between Fuyang District and Baoneng Group†on the official website. The three parties reached an agreement on the new energy vehicle project and the Xintian Real Estate Complex project. According to this document, the annual output of 300,000 new energy vehicles will be settled in Fuyang. The total land area of ​​the project is about 3,000 mu and the total investment is about 14 billion yuan. The project content mainly includes the production of new energy vehicles, testing, research and development, headquarters buildings and motors, batteries, electronic control "three powers" and other supporting core parts production.
In late November, Baoneng Group signed a strategic cooperation framework agreement with the Kunming Municipal Government and the Yuzhong New District Management Committee, and will invest in six major projects in Kunming and Yuzhong New District. Among them, it is planned to build 500,000 new energy vehicle vehicles and parts projects in Kunming Economic Development Zone and Airport Economic Zone.
“Looking for chicken eggs†to obtain a license is the key point. “This is a specific measure for Baoneng to further expand its business.†The relevant person in charge of Baoneng Group said that it also said that “the rise of independent brands is Chinese autos. The inevitable choice of industry, the investment concept is in line with the national industrial policy, in line with the requirements of China's national independent brand construction."
Established in 2007, Qoros Auto has developed a full range of qualifications and capabilities in design, R&D, production, sales and after-sales service. It has complete passenger vehicle production qualification and has an independent “Qoros View Carâ€. There are 5 models including the brand and the Guanzhi 3 and the Guanzhi 5 SUV. The headquarters (production base) is located in Changshu, Jiangsu Province. The initial production capacity of the production base is 150,000 vehicles per year, and the maximum production capacity will reach 300,000 vehicles per year.
"Unlike the operation of capital, automobile manufacturing requires technology to be more qualified. The acquisition of Guanzhi, Baoneng can successfully obtain a license for "borrowing eggs"." Insiders pointed out. It should be noted that even in accordance with the regulations for the production of new energy vehicles, only 15 car companies have obtained the qualification for new pure electric vehicle production, and this approval process has now entered a suspended state.