Aerospace electromechanical to acquire part of subsidiary assets

Aerospace electromechanical (600151) November 25 Evening announcement, the company intends to acquire a subsidiary of Shanghai Automotive Air Conditioner Factory held in Shanghai Delphi Automotive Air-conditioning System Co., Ltd., 37.5% of the shares, and accept the steam Air plant will be held in Shanghai Delphi 12.5% of the equity entrusted to the company management.　　At the same time, the company will be unilaterally reduced the form of the air turbine plant. At present, the air-gas plant, Delphi Automotive Systems Singapore Private Limited has a 50% stake in Shanghai Delphi. In order to concentrate on the advantage of resources bigger and stronger development potential, high value-added high-end auto parts industry, shorten the company's auto parts industry investment chain, avoid investment control risk, aerospace electromechanical decision to buy the Steam air Plant held in Shanghai Delphi 37.5% Equity. After the completion of the acquisition, the company from the indirect holding of Shanghai Delphi shares into a direct possession of the Shanghai Delphi 37.5% of the stake, while the air-gas plant will be held in Shanghai Delphi 12.5% of the shares entrusted to the company management, equity custody period until December 31, 2016.