Accelerate the entry into overseas markets. BAIC acquired the shares of BAIC International and BAIC Ruili.

(Text/Zhang) When the auto market is cold, more and more China brands are committed to expanding overseas markets and trying to reverse the domestic decline. On March 15, BAIC announced that it had recently reached an equity transfer agreement with BAIC Group. According to the agreement, BAIC will purchase 0/00% equity of BAIC International/KLOC-and 24.78% equity of BAIC Ruili held by BAIC Group, with a total price of 80,593,600 yuan.

It is reported that after the offline transaction of the equity transfer agreement is completed, BAIC International and BAIC Ruili will become wholly-owned subsidiaries of BAIC. Cheyou Headline learned that BAIC International is the general platform of BAIC Group's overseas business, mainly engaged in project investment, investment management and vehicle export business, and is responsible for the overseas business development, international business production base and sales management of BAIC Group's independent passenger cars. Investment, a wholly-owned subsidiary of BAIC International? The universe? Limited (Global Investment Limited), BAICDE? Maxico? SADECV (Beiqi Mexico Co., Ltd.) and non-wholly-owned subsidiary BAIC? Cars? Porn magazines? Limited (Beiqi South Africa Automobile Co., Ltd.).

Beiqi Ruili is mainly engaged in the design, research and development, production and sales of automobiles and their parts, import and export of goods, import and export of technology, car rental and other businesses.

It is worth noting that both BAIC International and BAIC Ruili are at a loss. The book value of total assets of BAIC International at the end of September 2065438+2009 was about 2.8 billion yuan, but the book value of its net assets was negative about 65438+75 million yuan, and the loss in the first nine months of last year was about 65438+46 million yuan. 20 19 At the end of September, the book value of total assets of BAIC Ruili was about184,600 yuan, and the book value of net assets was about 25 10/00,000 yuan. In the first nine months of last year, the loss was about 2 1.54 billion yuan.

Nevertheless, BAIC said that it is expected that in about three years, BAIC International and BAIC Ruili will turn losses into profits and have good long-term profitability. At the same time, BAIC International has established a production base and distributor network overseas, and BAIC Ruili has also established a production base. The acquisition of overseas business and experience has formed a strong synergy with its existing business, which is conducive to further participation in major emerging markets in Asia, Africa and Latin America.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.