On October 7, 2013, Nexteer Automotive Systems Group Co., Ltd. (hereinafter referred to as “Nexteerâ€), a world-renowned auto parts supplier jointly acquired by Beijing Economic and Technological Development Zone and China Aviation Industry Corporation, was acquired in Hong Kong. The Exchange officially listed and successfully raised funds of HK$2.3 billion.
In order to implement the national “going out†strategy, the Beijing Economic and Technological Development Zone actively develops high-tech manufacturing and strategic emerging industries, and vigorously promotes the participation of enterprises in the region in international competition. In March 2011, it promoted the development of international investment in Beijing-based Yizhuang enterprises. Co., Ltd. and China Aerospace Automotive Industry Holdings Co., Ltd., a subsidiary of China Aviation Industry Corporation, have joined forces and won over fierce competition from more than 30 buyers around the world. They have completed the supply of Nexteer 100 to GM's steering and transmission system suppliers. % equity acquisition.
The acquisition is the largest overseas acquisition of Chinese auto parts. The listing of Nexteer marks the successful completion of a series of operations such as judging, acquisition, integration, and listing of state-owned assets, and has accumulated valuable experience in realizing the maintenance and appreciation of state-owned assets. The industrial implementation of the "Chinese style breakthrough" has been a useful exploration, but also for the capital's real economy to participate in international competition to take a solid step.
It is reported that Nexteer is a 100-year-old global top 100 auto parts company. It has 20 manufacturing plants, 10 customer service centers and 5 regional application engineering centers around the world. It is a class of global steering systems and transmission systems. The supplier is the largest supplier of steering systems in the United States and the fifth largest in the world, and the third largest supplier of axles in the world. The company has more than 50 high-quality global customers, including all the top ten vehicle manufacturers in the world. In 2012, it had a sales revenue of 2.2 billion U.S. dollars and a net profit of 57 million U.S. dollars. In 2013, its net profit is expected to exceed 100 million U.S. dollars.
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