31 heavy industry 2.28 billion buy two auto company shares

31 Heavy Industry (600031.　　SH) today announced that the company intends to invest 2.28 billion yuan, the acquisition of Hunan Auto and 31 car 100% equity. Among them, Hunan Auto acquisition price of 221 million yuan, 31 car acquisition price of 2.059 billion yuan.　　31 of them hold 100% stake in Hunan Auto, holding 31 cars and 98.24% shares, Yi Xiaogang Holding 31 of the car.　　31 mission and Yi Xiaogang Commitment: 31 The net profit realized in 2010 is not less than 244 million yuan, the net profit achieved in 2011 is not less than 417 million yuan, the net profit achieved in 2012 is not less than 553 million yuan, if unable to achieve the commitment performance, 31 group and Yi Xiaogang will compensate 31 heavy workers in cash mode. The company said the equity acquisition fulfilled the 2007 commitment of the controlling shareholder 31 group, which is conducive to enhancing the profitability of the company.