Embroidered Mesh,100% Polyester Embroidery Mesh,100% Polyester Embroidery Fabric,Polyester Embroidered Mesh Fabric SHAOXING LANGDENG IMP&EXP CO.,LTD , https://www.ldfabric.com
In an interview with reporters last week, Fuqi Group’s senior officials denied the outsider’s claim that BAIC would purchase Southeast China, and revealed that in order to strengthen its independent development path, Southeast China has already set a target of doubling production and sales in the next three years. The high-level executive said that while Southeast Automotive refused to be acquired, Fuqi Group will not be reorganized, but its subsidiary Daimler Fujian will likely cooperate with BAIC. Xu Heyi, chairman of BAIC Group, said last week that the two parties will soon sign a contract and acquire no less than 40% equity.
South East insists on not allowing any shares
“Southeast Motor will not take out shares for a new joint venture, but will maintain the current situation.†Wang Hao, general manager assistant of Fuqi Group, which is in charge of Southeast Automotive, said in an interview with this reporter last week that except Southeast In addition, Fuqi Group does not currently have the possibility of being merged and reorganized. It is understood that Southeast Automotive, which was established in 1995, currently has three shareholders, with a share ratio of 50% for Fuqi Group, 25% for Mitsubishi Motors Corporation, and 25% for Taiwan Zhonghua Automobile.
It is reported that after the suspension of negotiations between Fuqi and Guangzhou Automobile, the reorganization project of Southeast Automotive has been frozen.
Xu Heyi, chairman of BAIC Group, also publicly stated last week that BAIC is currently implicating its plans for the southeast. Wang Hao said that Southeast Motor did not intend to sell any shares, and he will insist on self-development in the future, and set a new target for the production and sales of 250,000 vehicles in the next three years.
Fujian Daimler faces breakthrough development
While deciding to be acquired in the southeast, Xu Heyi said last week that it has basically completed the acquisition of Daimler Fujian, and the two parties will soon sign the contract, and the acquired equity will not be less than 40%. According to sources, in order to achieve the acquisition, BAIC has already raised the purchase price from 700 million to 1 billion, on the condition that Fugas will transfer 40% of the equity in the joint venture company. The relevant persons of Fuqi and Fujian Daimler did not confirm the details. "But (Beiqi) this is a good thing, we do not exclude." Fujian Daimler said that while the cooperation is facing adjustments, Fujian Daimler plans to put into operation two light commercial vehicles - Vito and Viano soon Will be put into production.