Following the completion of the integration of its parts and components assets by FAW Group and SAIC Group, the integration of Dongfeng Motor’s parts and components assets is also brewing. Dongfeng Science and Technology announced that the controlling shareholder Dongfeng Motor Co., Ltd. has signed an equity transfer agreement with Dongfeng Motor Components Co., Ltd. The former intends to transfer 203 million shares of Dongfeng Technologies shares held by it to Dongfeng Auto Parts and Components. Although "the equity transfer was the integration of internal assets of Dongfeng Technology's controlling shareholders, the company's actual controller did not change," it gave the market an expectation that Dongfeng Auto Parts will be listed as a whole. For Dongfeng Science and Technology's adjustment of this controlling interest, researcher Wang Sheng of China Merchants Securities believes that Dongfeng Technology, as the only auto parts listed company in the group, is expected to become a platform for the overall listing of group parts, similar to the model of “Shanghai Auto + Huayu Automobileâ€. It may appear in the asset integration of Dongfeng Motor Group. It is understood that, in the context of the increasingly independent auto parts business, the parts and components business of the major auto group in China has basically been attributed to an independent company, and its parts and components business as SAIC has achieved overall listing. In comparison, Dongfeng Motor's parts and components assets are distributed at three levels: Dongfeng Company, Dongfeng Group Corporation and Dongfeng Limited Parts Business Unit. This mechanism obviously inhibits the development of its parts and components industry. Therefore, Dongfeng Auto Parts Co., Ltd., which is responsible for the Group’s expansion of the auto parts business, came into being. According to the data, Dongfeng Auto Parts Company was established in February 2010. Its predecessor was Dongfeng Motor Co., Ltd.'s Parts Business Unit and is a company under the Dongfeng Motor Co., Ltd., which is responsible for the operation of auto parts business. In fact, the market has long anticipated the overall listing of Dongfeng Auto parts assets. CICC believes that both FAW Group and SAIC Group have completed the integration of their parts and components assets, and Dongfeng Motor Group's parts and asset integration has begun to plan. Dongfeng Technology, as its only listed subsidiary, has the expectation that the Group's spare parts assets will be injected. Judging from the integration of Dongfeng Automobile's parts and components assets, the operating practices are quite similar to the integration of SAIC's spare parts assets. Since SAIC Motor completed the initial listing of its entire vehicle business, parts and components assets have remained within SAIC Motor Corporation. However, at the beginning of 2008, SAIC Motor began to sort out auto parts assets and will hold a number of other products such as Shanghai Auto Gear One Plant. The auto parts assets were transferred to Shanghai Automotive Transmission Co., Ltd. Shortly afterwards, SAIC Motors Group reorganized Hua Yu Automobile and realized the overall listing of parts and components assets. According to public information, Dongfeng Technology Director Tianya has stated whether Dongfeng Motors will inject parts and components assets into Dongfeng Technology, or whether related parts and components assets may be listed and other related issues, but also wait until the related parts and components company personnel are in place. After that, there will be specific plans. From this point of view, the market's expectation of the overall listing of Dongfeng Automobile's spare parts assets is not groundless. Olive Oil Bottle,Oil Bottle,Olive Oil Bottle Pourer,Olive Oil Glass Bottle XUZHOU NORTH STAR PACKING PRODUCTS CO.,LTD , https://www.nspglassbottle.com
Dongfeng Auto Parts Assets Integration Reveals SAIC Mode