Weifang Diesel Power holding forklift company to boost both sides ' performance

June 13, Weichai Power (market, interrogation) (000338,SZ) issued a notice, through the indirect wholly-owned subsidiary of Weichai Luxembourg, Germany's Frankfurt stock Exchange listed companies KIONGROUPAG (hereinafter referred to as Kai-proud company) has issued 33.3% shares. The news released, the same day Weichai power price rose 1.8%. Weichai Power, said the company received the company's first major shareholder Superlift notice, the company has issued a stake in the firm from 34.5% to 26.9% on June 12, 2014. With Superlift reduction, Weichai power is to become the company's first major shareholder. According to Weichai Luxembourg and Superlift signed the "Kai AO company shareholder Agreement" agreed to the joint voting arrangements, Superlift will be based on the decision of Weichai Luxembourg at the company's shareholders ' general meeting to vote, therefore, Weichai Power will be on the company a number of major issues with a total of 60.2% voting rights , to the company to achieve control. At the same time, according to the "Enterprise Accounting Standards 33rd-consolidated financial Statements" provisions, Weichai Power will be the company into the consolidated statement scope. Data show that the German company is ranked first in Europe, the world's second-ranked industrial forklift manufacturers. In addition, the Kaiser Group under the LIM Hydraulic company is a heavy hydraulic transmission, transmission technology and mobile power transmission equipment leading manufacturers, with independent core research and development team, is the world's first rated work pressure to increase to 500BAR of hydraulic manufacturers, but also the world's leading high pressure, Hydrostatic technology and system solutions leader, with more than 400 patented technology. In this respect, automotive industry commentator Natsuki told the Daily Economic news reporter, "Weichai power into the company's first major shareholder, the future is likely to be the latter's advanced technology into China, which will play a certain stimulating role in the capital market." "Some analysts also point out that, because the company's business mostly from Europe and other developed markets, in the years of economic downturn in Europe, the company's performance has been a certain impact, the stock has been sold by a number of investment banks, while the current slowdown in China's economic growth, construction machinery market development prospects are not optimistic background, Weichai power to introduce the company's advanced technology, may not be able to bring positive impact on its performance.