The controlling shareholder cashes the share reform commitment 31 heavy industry Group car business

31 heavy industry announced today, to 220 million yuan to acquire 31 Group Holdings of Hunan Automobile 100% shareholding, 2.0588 billion yuan to acquire 31 group, Yi Xiaogang respectively held 31 cars 98.24%, 1.76%, a total of 100% of the equity.　　The two equals 2.28 billion.　　The announcement said that the acquisition of the actual control of the Wengen, the holding shareholder of the 31 Group 2007 commitment to further strengthen the company's main business, reduce related transactions, enhance the company's profitability and risk-resistant ability to enhance the company's core competitiveness, in line with the company's development strategy, and in line with the interests of According to the audit report of 31 automobile and Hunan automobile issued by ANDA firm respectively as at May 31, 2010, 31 cars and Hunan cars are attributed to the parent company's net assets of 950 million yuan (including the declared outstanding dividends); 31 Automobile and Hunan Automobile 2010 1 to May the total net profit attributable to the parent company was 280 million yuan. Specifically, Hunan Automobile net assets 280 million at the end of 2009, achieve net profit of 187 million, that is, net assets yield of up to 66%.　　In addition, the company achieved net profit of 198 million this January-May, has exceeded last year. More noteworthy is that, the announcement said, 31 group of Hunan Automobile 100% of the stock right by the income method to assess the estimated interval of 1.8 billion to 2.5 billion yuan, however, taking into account the background and development of the business, the 31 group decided to give up the income method to evaluate the pricing, and the method of cost evaluation and 1 yuan was used as the pricing basis for the transaction.　　Therefore, the acquisition finally to the Hunan Automobile assets evaluation report issued by Liu Liuhe is determined by the Hunan Automobile 100% Equity evaluation value of 580 million yuan as the basis, after deducting Hunan automobile has announced but has not issued the dividend 355 million yuan to add 1 yuan as Hunan Automobile 100% equity transfer Total Price, namely the transaction price is 220 million yuan. Second, 31 car net assets 290 million at the end of 2009, achieve net profit of 96.84 million, namely net assets yield 33%. After the cost method and the income method are used respectively, the evaluation result of the cost method is 760 million yuan, the valuation value of the income method is 2.27 billion yuan, and the income method is 1.5 billion yuan more than the cost method.　　The evaluation results show that the evaluation result of the income method can reflect the value of 31 automobile, and finally the evaluation of the income method is the conclusion. For this acquisition, the 31 group and Yi Xiaogang also provided a profit compensation commitment. 31 after completing the acquisition of the 31-car stake, 31 of the net profit achieved 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, 2010 to 2012 31 of cars to achieve net profit if the above estimate, then 31 and Yi Xiaogang will be in 31 heavy industry year report Within 30th after the disclosure, according to the proportion of the shares of 31 vehicles to the 31 heavy industry, the shortfall will be paid in full in cash for 31 heavy workers; Cumulative compensation amount not exceedingTransaction price.