Some people have rivers and lakes.
In 2017, the rivers and lakes of China's tires are not calm.
This year, there was an influx of capital, asset acquisitions, inter-company custody integration, and internal resource restructuring.
Close to the year, Tire World Net counts the five major asset changes in 2017.
1, Xingyuan won Shengtai Group: reasonable, unexpected
One industry source told TireWorld.com that he had not thought of the most in 2017 was that Hingyuan Tire was able to win the Shengtai Group so quickly.
"It was a little sudden for me, but it was reasonable," he said.
After the Spring Festival, there was a problem with the Shengtai Group's capital chain, and the all-steel tire project was suspended for a long time.
In order to prevent this tire company from completely destroying, at the end of June, under the impetus of Guangrao County Government of Dongying City, Shandong Province, Xingyuan Tire intervened to start the trusteeship of Shengtai Group.
Subsequently, a company named Guangsheng County Shengshengyuan Tire Co., Ltd. appeared in Guangrao and began large-scale recruitment.
It is understood that Xingshengyuan is the original Shengtai Group.
From starting the custodian to setting up a new company, Xingyuan Tire only spent more than two months.
According to sources, Xingshengyuan Tire received partial financial support from the Guangrao County Industry Fund.
This amount of money may reach several hundred million yuan.
2. Xinhualian Holdings Racer Jinyu: The Most Accident Incoming Player of the Year
In July 2017, many tires people first learned about the name “New Hualian Holdings Co., Ltd.â€.
On July 3, the company increased its 1.82% stake in Regal Jinyu through the Shanghai Stock Exchange system.
After the increase in shareholding, Xinhualian Holdings and its concerted person, Changshi Investment, jointly hold 5% of the total share capital of this tire manufacturer.
Subsequently, Xinhualian Holdings has increased its shareholding in Regal Jinyu by way of SSE permit.
On November 25, the Board of Directors of Sai Yuen Jinyu issued an announcement that the shareholding ratio of Xinhualian Holdings exceeded that of its chairman Du Yuxi and became the largest shareholder.
Informed sources disclosed that after Xinhualian Holdings became the largest shareholder, it plans to make major adjustments to the appointment of directors, supervisors, and senior management personnel of Saiyong Jinyu.
They plan to recommend one board member and one senior executive to enter the management team.
As of the end of 2017, the actual controller of Sai Jinyu is still Du Yuxi.
3, the new Fengshen will complete the integration: the birth of a new tire "giant"
2017 was the third year Pirelli was acquired by China National Chemical Industry Group.
This year, Fengshen Tire accelerated the integration process with Pirelli Industrial Tire (PTG) and the industrial tire resources of China Chemical Industry.
The latest acquisition plan shows that Fengshen Tire plans to acquire 100% of PTG and 70% of Guilin Beili.
The framework of New Aeolus has already begun to emerge.
It is reported that the restructuring of Fengshen Tire and PTG Company is expected to be completed by the end of 2017 or early 2018.
Since then, this tire manufacturer will focus on the production of industrial tires, brand from high-end Pirelli to the middle of the Aeolus, to the low-end double happiness, Guilin, the Yellow Sea, to achieve full coverage of the product.
At that time, New Fengshen has a total of 10 factories in China, Brazil, Turkey, and Egypt, with a total of 18,500 employees.
4, Huayi and Michelin cooperation: not out of "16 years of itch"
In 2001, Huayi Group began to “hand in hand†with Michelin and launched a series of cooperation.
At that time, the two sides may have never thought that you had strong "love" and after all, did not walk through "16 years of itch."
In November 2017, Huayi Group announced that it plans to repurchase 40% equity of Anhui Huili with its major shareholder Shanghai Huayi.
This part of the equity is sold by Michelin (China) and Michelin Finance.
After the transaction is completed, Huayi Group will no longer have any relationship with Michelin.
In the past 16 years, Huayi Group and Michelin have established two factories in Shanghai and Anhui.
Shanghai Huili has existed for 8 years, but it has never been profitable, with a minimum loss of 5.9495 million yuan and a maximum of 148 million yuan.
Anhui Huili is also in the same operating condition.
The annual financial report shows that in 2011, it achieved a net profit of -22,562,300 yuan, the lowest amount of losses in the calendar year; the highest in 2013, the loss amounted to 125 million yuan.
In addition, there is news that Michelin had once affected sales of double money.
Many factors have led to this 16-year "intimacy" and eventually ended in "breaking up."
5, Qingdao Double Star acquired Kumho Tires: the beginning and ending did not guess right
Qingdao Shuangxing acquired Kumho Tire. Many tires people did not guess the beginning, nor did they guess the outcome.
The beginning of no guess is: Qingdao Double Star can become the ultimate purchaser of Kumho Tires.
According to market speculation, more than 10 companies, including Continental Germany, Michelin in France, Apollo India, and China Chemicals, have all intended to acquire shares of South Korea's Kumho Tire.
Among them, China Aerospace was considered to have the best chance because of its highest bid.
After two rounds of bids, in January 2017, Qingdao Double Star became the preferred partner for these shares.
On March 13th, the company signed the "Share Purchase and Sale Agreement" with Kumho Tire creditors.
The outcome was not guessed: Qingdao Double Star finally cancelled the acquisition.
In the six months after the signing of the agreement, it failed to reach an agreement with Kumho Tire in a number of details negotiations.
On September 13, Qingdao Shuangxing announced that it had terminated the acquisition of Kumho Tire.
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