Baosteel acquires Group auto parts assets

Baosteel Co., Ltd. (600019.SH) announced on the evening of January 5 that its wholly-owned subsidiary, Baosteel International, had delisted from the Shanghai United Assets and Equity Exchange and acquired the car zero of Baosteel Metal Co., Ltd. (hereinafter referred to as Baosteel Metal) for 542 million yuan. Part assets.

Baosteel Metals is a wholly-owned subsidiary of Baosteel Group. The acquisition of Baosteel's metal auto parts segment includes shares of its four companies: Shanghai Baosteel Wheel Co., Ltd. (hereinafter referred to as Shanghai Wheel) and Yantai Baosteel Wheel Co., Ltd. (hereinafter referred to as Yantai Wheel). ), Shanghai Baosteel Hot Stamping Parts Co., Ltd. (hereinafter referred to as hot stamping company) and Shanghai Baosteel Hydraulic Forming Parts Co., Ltd. (hereinafter referred to as hydroforming company). The listed price was 542 million yuan, which was determined based on the overall evaluation value of the four companies. The added value was 7.83%.

Among them, the main products of Shanghai Wheels and Yantai Wheels are all kinds of steel wheels for passenger cars and tubeless wheels for commercial vehicles; the main products of hot stamping companies are A-pillar B-pillar C-pillars, left and right front and rear anti-collision bars (beams), and front and rear insurances. Bars and roofs, strong beams, chassis, etc.; hydraulic forming company's main products are tank brackets and subframes.

The net assets at the end of 2010 showed that Shanghai Wheels, Hot Stamping Co., Ltd. and the hydroforming company were about 230 million yuan, 100 million yuan and 110 million yuan respectively. Yantai wheels had only 48.7 million yuan in net assets because they were not yet put into production.

Baosteel Co., Ltd. stated that the acquisition will enable Baosteel International to further improve the sales and processing and distribution service network based on the existing auto board marketing services, and to enter key auto parts manufacturing fields such as stamping, thermoforming, hydroforming, and roll forming. Extend automotive plate service industry chain.

On the 5th, Baosteel Co., Ltd. closed at 4.84 yuan, slightly down 0.41%.