Group steam assets injected into Johnson Holdings

Since the second half of this year, Shanghai state-owned shares of the reorganization of the intention to become increasingly apparent, Shanghai long Company's Johnson Holdings (600662) since the June 17 suspension, after 1.5 months of planning, today finally announced the reorganization plan. Preemptive taxi leading status bulletin shows that Johnson Holdings to 7.03 Yuan/share (after the dividend adjustment) to the company, Johnson Group, a total of about 245 million shares, buy long business, Johnson Group owned taxi operations, car rental, automotive services, such as automotive operations related assets and tourism assets. The proposed purchase of assets attributable to the parent company's shareholders ' equity of the book value of 1.119 billion yuan, estimated at about 1.72 billion yuan, value-added 601 million yuan, value-added rate of about 54%. It is learnt that the increase in the value of the assets to be purchased is mainly due to the value-added assessment of the Shanghai Taxi operating licence included in the proposed purchase of assets, of which a taxi operating licence is estimated at about $1.282 billion, accounting for about 75% of the estimated estimated assets,　　The taxi operating licence book value is about 623 million yuan and the value added is about $659 million. In order to reduce the management level after the reorganization, the company intends to transfer the shares of all listed companies to the company for free. After the transfer is completed, the company will directly hold about 48.13% of the listed company, become the controlling shareholder of listed companies and the actual control person.　　At the same time, to eliminate the long-standing company, Johnson Group and listed companies before the competition problem. According to the reorganization plan, long matter Company, Johnson Group as the actual control of Johnson and the first major shareholder, this time will hold the taxi operation and other related business plate assets into the listed companies as a whole.　　After the reorganization, Johnson Holdings will have 12,000 vehicles taxis, accounting for more than 25% of the city's taxi holdings in Shanghai, and become the largest taxi operators in Shanghai and even nationwide.　　Johnson Holdings chairman Sun Donglin told reporters that the restructuring of the company will further enhance its overall profitability and comprehensive competitiveness through the scale effect, providing a good platform for Johnson to further integrate resources, reduce costs and seek new profit growth points.　　Sustained development capacity significantly improve the company, Johnson Group in the restructuring in addition to inject the taxi plate assets, but also its car rental, automotive services, such as automotive operations related assets and tourism assets into the listed companies.　　Analysts pointed out that with the car rental and other asset injection, the company's business scale will be effectively expanded, asset quality will be greatly improved. In terms of car leasing business, the restructured Johnson Holdings will become the largest car rental company in Shanghai. In the automobile repair, the taxi supporting service and so on the business aspect, the Johnson holding's management scale and the service ability compared to the reorganization before also will obtain the remarkable enhancement. In addition, the listed companies in the tourism business of the strength will also be greatly enhanced.　　Johnson Group in the past two years in Pujiang water tourism investment of about 50 million yuan, will be as a new business into the listed companies. After the release of the plan, the relevant people said thatThe reorganization can effectively expand the company's holdings of assets, improve overall profitability, so that Johnson holdings in the Shanghai taxi operating plate and car rental plate to become the leader. While the main business scale has been effectively expanded, Johnson Holdings has gained a good hand in improving the management level. The company will integrate the taxi business after reorganization, take advantage of scale and integrate synergy effect, which is helpful to reduce unit operation cost and obtain greater economic benefit. In the realization of large-scale expansion at the same time, listed companies can also be market-oriented, further expand tourism, advertising-related new business, usher in a new opportunity.