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08-08-2007
News
from Ankai Automobile Co., Ltd on August 6,
2007 said the Board of directors of Ankai offered
10 million shares to Jianghuai Auto Group for
selling to buy 41% shares of JAC Coaches Co.,
Ltd. This action was for integrating all of
bus & coach business of JAC Coaches Co.,
Ltd.
News
said the evaluation of assets was approximate
80 million yuan. According to the financial
market, each share would value 7.62 yuan in
stock market.
Jianghuai
Auto Group held 41% of JAC Coaches Co., Ltd's
shares and 20.92% of Ankai Automobile Co., Ltd's
shares before mergence. After mergence, Jianghuai
Auto Group held 23.49% of Ankai Automobile Co.,
Ltd's shares, meanwhile, the first half of 2007
of JAC Coaches Co., Ltd's net profit reached
2.05 million yuan and the whole year's income
would reach 700 million yuan. The year's net
profit would reach 6.03 million yuan.
Ankai
Automobile Co., Ltd operated all of buses &
coaches' business after finished mergence. Cooperation
and coordination are the mainstream in the future.
News
also said Ankai Automobile Co., Ltd's products
would be prolonged after mergence, covering
with 5.6--18 meters' length buses & coaches.
Clients will have more choices to choose Ankai
buses.
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