On the evening of April 18, 2014, Western Resources announced that the company intends to use part of the fundraising to bid for 59% of Chongqing Hengtong Bus and 57.55% of Chongqing Transportation Equipment Finance Leasing Co., Ltd.
Among them, 59% equity of Chongqing Hengtong Bus, the transfer price of listing is 326 million yuan, and the transfer price of Chongqing Rongrong Leasing Co., Ltd. is 870 million yuan. Western Resources intends to participate in the bidding and exercise the preemptive right of Hengtong Bus within the price range of the total listing price of Hengtong Bus and the Financing Leasing.
Western Resources said that after the completion of the equity transfer, it will help the company realize the industrial layout of lithium battery material, lithium battery material, lithium battery assembly, new energy vehicle development, manufacturing and sales integration, and create a new energy automobile sector industry. Chain to enhance the company's competitiveness.
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