Into the auto trade all equity into the peak of Heavenly Creations

The heyday of Heavenly creations (600335. SH) officially released the acquisition report today.　　The company will be placed in the actual control of China Machinery Industry Group Co., Ltd. China's Import Auto Trading Co., Ltd. (hereinafter referred to as "into the Auto trade") 100% of the equity. After the completion of the acquisition, the heyday will hold a 100% equity in the auto trade, the original assets and liabilities by the new peak heavy industry to undertake. Prior to the acquisition, the national Machinery Group through its wholly-owned subsidiary of Tianjin Engineering Machinery Research Institute indirectly held the heyday of the 115.2757 million shares, accounting for the company's total equity of 41.77%.　　After the completion of the acquisition, the state machine group will directly and indirectly hold the heyday of 399.323 million shares of Tiangong, the heyday of the restructuring of the total capital of 62.13%. According to the company announcement, the heyday of Heavenly creations with all its assets and liabilities (as a set of assets), with the national Machinery Group Holdings of the equivalent equity (as a 14.06% stake in the assets) to replace, The estimated value of the assets is 363.8701 million yuan, and the value of the assets is 2,587,961,300 yuan, and the assets and liabilities, business and personnel are carried by the newly established heavy industry. At the same time, the peak Tiangong to 7.83 yuan/share price to the state machine group and Tianjin Bohai issue 284.0474 million shares, the purchase of the national machinery Group and Tianjin Bohai Sea respectively held in the steam trade 70.39% and 15.55% equity (asset replacement difference).　　In this reorganization, the asset replacement and Non-public offering shares are synchronized. Peak Tiangong original business for construction machinery manufacturing, the main products for graders, loaders, road Roller, paver and so on. In recent years, due to the fierce competition in the industry, the company's product upgrades and new product development has been slow.　　In addition, because the company's overall size is small, product structure is not reasonable, the international market Sales Model single, the company's main business profitability is weak. In the main business areas of import and export of automobile wholesale, automotive retail and trade services, etc., is the national Machinery Group Automotive trade and service core enterprises.　　After the completion of the transaction, the heyday will be transformed into a large, industry-leading, with a higher market share and strong competitiveness of the automotive trade integrated service provider. In recent years, the automobile trade has maintained a rapid development trend. From 2007 to 2009, the sales revenue from the Sino-Motor trade increased from 4.7 billion yuan to 13.8 billion yuan, the annual compound growth rate was 71%, and the net profit attributable to the parent company reached 108 million yuan, 147 million yuan and 135 million yuan respectively. As of the first half of this year, the operating income of the Sino-auto trade has reached The net profit attributable to the owner of the parent company is about 137 million yuan, which has maintained a strong growth trend and profitability, and the market share has increased from 6% in 2007 to 9.1%, and has become the leading enterprise of China's integrated automobile trade service provider.