·The largest overseas acquisition of Chinese auto parts
On October 7, 2013, the Beijing World Economic and Technological Development Zone and China Aviation Industry Corporation jointly acquired the world-renowned auto parts supplier, Nexteer Automotive Systems Group Co., Ltd. (hereinafter referred to as “Nexteâ€) in Hong Kong. The Exchange officially listed and successfully raised funds of 2.3 billion Hong Kong dollars. Antioxidant 168,Antioxidant Plastic Additive 168,Rubber Auxiliary Agents Antioxidant 168,Rubber And Plastic Antioxidant 168 SHANDONG MINGDE CHEMICAL CO.,LTD. , https://www.sdmingdechem.com
In order to implement the national “going out†strategy, Beijing Economic and Technological Development Zone actively develops high-tech manufacturing and strategic emerging industries, and vigorously promotes regional enterprises to participate in international competition. In March 2011, it promoted the development of Beijing Yizhuang International Investment in the region. Co., Ltd. and China Aviation Industry Holdings Co., Ltd., a subsidiary of China Aviation Industry Corporation, have joined forces to win over the fierce competition of more than 30 buyers worldwide, and jointly completed Nexteer 100, a supplier of GM steering and transmission systems. % equity acquisition.
The acquisition is the largest overseas acquisition of auto parts in China so far. The listing of Nexteer marks the successful completion of a series of operations such as judging, acquiring, integrating and listing of outstanding projects by state-owned capital, and has accumulated valuable experience in realizing the preservation and appreciation of state-owned assets. The implementation of the "Chinese-style breakthrough" in the industry has carried out beneficial explorations and has also taken a solid step for the capital real economy to participate in international competition.
It is reported that Nexteer is a 100-year-old global auto parts company with 20 manufacturing plants, 10 customer service centers and 5 regional application engineering centers. It is the first level of global steering system and transmission system. The supplier is the largest supplier of steering systems in the United States and the fifth largest in the world, and the third largest semi-axle supplier in the world. The company has more than 50 high-quality global customers, including all the world's top ten vehicle manufacturers, with 2012 sales of 2.2 billion US dollars, net profit of 57 million US dollars, 2013 net profit is expected to exceed 100 million US dollars.