Recently, 21 used cars of Chery Automobile Co., Ltd. were listed on the Changjiang Equity Exchange and the transfer price was 640,000 yuan. Since the beginning of this year, the name of Chery Automobile has been frequently flashed in property rights exchanges. Not only has it sold its assets on a frequent basis, but it has also evacuated some of its financial investors.
The analysis of the industry, the market's expectations for the listing of Chery Automobile has not been achieved, and the slump in the auto market this year for the Chery Automobile listed road to rise again and again, the company's intensive asset disposal or focus on superior forces focused on the main business, enhance the company The strength and profitability of automotive R&D, manufacturing and sales.
According to the busy assets disposal data, the 21 used cars transferred were non-operating vehicles. The use date was from 2008 to 2009, and the average daily operation was at least 300 kilometers. Currently, it is basically idle and needs maintenance before it can be driven. According to the results of asset assessment, the current price of the 21 used cars transferred was 630,500 yuan.
In addition, the 21 used cars did not apply for insurance as of the base date of the assessment report. Among them, 18 vehicles had no annual inspection, 2 vehicle registration documents were lost, and 1 vehicle was not handled in violation of regulations.
Exchange staff said that this asset is used by the company to transfer used cars that are not used to prevent the devaluation of state-owned assets.
In connection with this year's move, Chery Automobile Co., Ltd. frequently disposes of corporate assets, and its assets may be sold more to clear internal assets and continue to promote listing.
According to incomplete statistics from the China Securities Journal, Chery Automobile has sold assets on 9 listings since February this year in the Changjiang Equity Exchange. Assets sold include various types of equipment, production lines, waste stream vehicles, machine tools, etc. of Chery Automobile and its subsidiaries, as well as 100% of Shanghai Chery Industrial Co., Ltd., 200 million shares of Huishang Bank Co., Ltd., and Langxi Chery. Taxi Co., Ltd. 60% of the shares and 6,860,600 yuan of creditor's rights and so on.
Informed sources said that as the company is currently preparing for listing, the profitability of the company's main business is very much concerned, so the company actively divested assets outside the automobile manufacturing industry to focus on the main business, and to clarify the equity relationship and reduce internal related transactions .
The road to market is not smooth. The market's expectation for the listing of Chery Automobile began with the company's shareholding reform in 2004. In 2008, the company had submitted IPO applications to the China Securities Regulatory Commission. However, the outbreak of the financial crisis caused the company's listing plan to be temporarily suspended. In 2009, because the company’s shareholders did not meet relevant regulations, the company needed to make adjustments and the company’s listing plan was postponed again.
This year, under the pressure of energy and the environment, the development of China's auto industry has encountered many difficulties. The auto makers of self-owned brands are even more concerned about the decline in market share. Chery Automobile is one of them. Coupled with the downturn in the stock market, Chery’s road to listing was further affected.
The many stranded Chery Automobile's listing plan has gradually lured potential financial investors to lose patience. In August this year, a shareholder who did not want to be named disclosed the transfer of 33.636 million shares of Chery Automobile. In early December, on the Beijing Financial Assets Exchange, China Huarong Asset Management Company and Rongde Asset Management Company also proposed to transfer Chery Automobile. 100 million shares. The two companies were attracted by the large-scale financing of the company in 2009. At the same time, they also entered Bohai Industrial Investment Fund Management Co., Ltd., Shenzhen Zhongke Merchants Venture Capital Management Co., Ltd., and CDH Equity Investment Management ( (Tianjin) Co., Ltd. and other well-known venture capital and private equity companies have triggered the market's association with Chery Automobile.
According to analysis by industry insiders, the slowdown in the growth of the automotive industry has caused a huge test for the profitability of Chery’s main business, and the downturn in the stock market has made it difficult for the company to go public. The company frequently sells assets, in order to clarify the company’s asset structure and ensure the maintenance and appreciation of assets. On the other hand, it also invests more resources into its main business to improve the strength and profitability of the automotive R&D, manufacturing, and sales.
The analysis of the industry, the market's expectations for the listing of Chery Automobile has not been achieved, and the slump in the auto market this year for the Chery Automobile listed road to rise again and again, the company's intensive asset disposal or focus on superior forces focused on the main business, enhance the company The strength and profitability of automotive R&D, manufacturing and sales.
According to the busy assets disposal data, the 21 used cars transferred were non-operating vehicles. The use date was from 2008 to 2009, and the average daily operation was at least 300 kilometers. Currently, it is basically idle and needs maintenance before it can be driven. According to the results of asset assessment, the current price of the 21 used cars transferred was 630,500 yuan.
In addition, the 21 used cars did not apply for insurance as of the base date of the assessment report. Among them, 18 vehicles had no annual inspection, 2 vehicle registration documents were lost, and 1 vehicle was not handled in violation of regulations.
Exchange staff said that this asset is used by the company to transfer used cars that are not used to prevent the devaluation of state-owned assets.
In connection with this year's move, Chery Automobile Co., Ltd. frequently disposes of corporate assets, and its assets may be sold more to clear internal assets and continue to promote listing.
According to incomplete statistics from the China Securities Journal, Chery Automobile has sold assets on 9 listings since February this year in the Changjiang Equity Exchange. Assets sold include various types of equipment, production lines, waste stream vehicles, machine tools, etc. of Chery Automobile and its subsidiaries, as well as 100% of Shanghai Chery Industrial Co., Ltd., 200 million shares of Huishang Bank Co., Ltd., and Langxi Chery. Taxi Co., Ltd. 60% of the shares and 6,860,600 yuan of creditor's rights and so on.
Informed sources said that as the company is currently preparing for listing, the profitability of the company's main business is very much concerned, so the company actively divested assets outside the automobile manufacturing industry to focus on the main business, and to clarify the equity relationship and reduce internal related transactions .
The road to market is not smooth. The market's expectation for the listing of Chery Automobile began with the company's shareholding reform in 2004. In 2008, the company had submitted IPO applications to the China Securities Regulatory Commission. However, the outbreak of the financial crisis caused the company's listing plan to be temporarily suspended. In 2009, because the company’s shareholders did not meet relevant regulations, the company needed to make adjustments and the company’s listing plan was postponed again.
This year, under the pressure of energy and the environment, the development of China's auto industry has encountered many difficulties. The auto makers of self-owned brands are even more concerned about the decline in market share. Chery Automobile is one of them. Coupled with the downturn in the stock market, Chery’s road to listing was further affected.
The many stranded Chery Automobile's listing plan has gradually lured potential financial investors to lose patience. In August this year, a shareholder who did not want to be named disclosed the transfer of 33.636 million shares of Chery Automobile. In early December, on the Beijing Financial Assets Exchange, China Huarong Asset Management Company and Rongde Asset Management Company also proposed to transfer Chery Automobile. 100 million shares. The two companies were attracted by the large-scale financing of the company in 2009. At the same time, they also entered Bohai Industrial Investment Fund Management Co., Ltd., Shenzhen Zhongke Merchants Venture Capital Management Co., Ltd., and CDH Equity Investment Management ( (Tianjin) Co., Ltd. and other well-known venture capital and private equity companies have triggered the market's association with Chery Automobile.
According to analysis by industry insiders, the slowdown in the growth of the automotive industry has caused a huge test for the profitability of Chery’s main business, and the downturn in the stock market has made it difficult for the company to go public. The company frequently sells assets, in order to clarify the company’s asset structure and ensure the maintenance and appreciation of assets. On the other hand, it also invests more resources into its main business to improve the strength and profitability of the automotive R&D, manufacturing, and sales.
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