Liugong group plans to go public as a whole 0

2022-08-13
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Liugong group plans to go public as a whole

its companies have just completed the mixed reform, and the overall listing of Liugong planning group is also officially on the agenda. Recently, Liugong announced that Liugong group, the indirect controlling shareholder of the company, plans to carry out work related to the overall listing, and the trading of the company's shares will be suspended from January 15. It is expected that the trading plan will be disclosed within no more than 10 trading days

according to the announcement, Liugong and Liugong Group signed the framework agreement on major asset restructuring on January 14, and the listed company plans to issue shares to all shareholders of Liugong Co., Ltd. to absorb and merge Liugong Co., Ltd. Recently, the listed company is the merging party, and Liugong Co., Ltd. is the merged party. After the merger, Liugong, as the surviving party, will inherit and undertake all the assets, liabilities, businesses, personnel, etc. of Liugong Co., Ltd. the legal person status of Liugong Co., Ltd. will be cancelled, and the shares of some listed companies held by Liugong Co., Ltd., which is commonly referred to as "slipping", will be cancelled. The potential of all medical devices and medical packaging of Liugong Co., Ltd. can not be underestimated, and the shareholders will become the shareholders of the listed companies after the merger

the counterparties of this transaction are Liugong group, all shareholders of Liugong Co., Ltd., Guangxi Zhaogong service trade investment partnership, Guoxin Shuangbai No. 1 (Hangzhou) equity investment partnership, national manufacturing transformation and upgrading fund Co., Ltd., Beijing Chengtong ICBC equity investment fund, CCB Financial Asset Investment Co., Ltd., Guangxi State owned enterprise reform and development phase I fund partnership, Changzhou Jiayou enterprise management partnership CITIC Securities Investment Co., Ltd

financial report data shows that Liugong achieved a revenue of 16.907 billion yuan in the first three quarters of 2020, an increase of 18.9% year-on-year; The net profit attributable to the parent company was 996 million yuan, with a year-on-year increase of 12.91%. Among them, the company realized a net profit attributable to the parent company of 317 million yuan in the third quarter, an increase of 43.52% year-on-year, in addition to affecting the inconsistency of jaws. The latest data released by Liugong group on January 11 showed that the group's annual operating revenue in 2020 exceeded 26billion yuan, an increase of 16% year-on-year, a record high. In terms of sales, Liugong group achieved an increase of more than 40% in the sales of domestic construction machinery, and the market position of core products such as loaders, excavators and rollers has been significantly improved. The cumulative production and sales of loaders exceeded 450000, and the monthly production of excavators exceeded 4500

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