On February 2, Shuangqin Group Co., Ltd. (hereinafter referred to as Shuangqin Shares) announced that it will sell a 28.49% stake in Shanghai Michelin Warrior Tire Co., Ltd. (hereinafter referred to as Shanghai Mihui), and Michelin becomes an equity transferee. .
The reporter learned from Michelin (China) Co., Ltd. that the Michelin Company had also accepted the other two shareholders of Shanghai Mihui Company, Shanghai Minhang United Development Co., Ltd., 1.5% and Shanghai Tire & Rubber (Group) Co., Ltd., a 0.01% stake. At this point, Michelin fully controls Shanghai Mi Hui Company at a cost of 170 million yuan.
It is understood that as the second largest shareholder of Shanghai Mihui, the biggest reason for the transfer of equity in Shuangqian shares is that Shanghai Mihui has suffered losses year after year.
Shuangqin shares had previously announced the 2009 annual performance forecast that the company had achieved a turnaround in 2009. After shaking off the "big baggage" of Shanghai Mihui, the profitability of Shuangqin shares will further increase.
What is surprising is that Michelin did not fully own the "back force" brand. According to relevant sources of Michelin (China) Co., Ltd., the Shuangqin Group still owns the “back force†trademark after the transfer of equity. After the transaction is completed, Shuangqin Group will continue to license Michelin's exclusive use rights in the tire business of passenger cars and light trucks within two years. After the expiration of two years, the license is terminated. Shuangqin Group has used it or has decided to permit Others to use the “back forceâ€. All rights to the trademark.
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