Financial News
Written by: Zhang Weilun
2020-06-01 14:30
Last update date: 2020-06-01 14:30Shenzhou Car Rental (0699) may be invested by BAIC Group. The company pointed out that Amber Gem, the main shareholder, entered into a termination agreement with China UCAR, did not proceed with the second batch of share purchases, and terminated the sale and purchase agreement, and lifted China UCAR's exclusive obligations to consider other potential transactions.
The company also pointed out that it has been notified by China Automobile that China Automobile has entered into a non-legally binding strategic cooperation agreement with BAIC Group, which will acquire Shenzhou Car Rental Shares from China Automobile for not more than 451 million shares, which is equivalent to The issued share capital is approximately 21.26%.
Shenzhou Car Rental announced in mid-April that China UCAR will sell 98.608 million shares and 264 million shares to Amber Gem held by Huaping Investment in two batches, accounting for 4.65% and 12.46 of the share capital, respectively, at a price of 2.3 yuan per share. And 3.4%.
On the other hand, the company announced its first quarter results as of the end of March of this year. During the period, it turned profit and loss into a loss of 188 million yuan (the same as below); total revenue was 1.325 billion yuan, a year-on-year decrease of 28.34%, and gross profit decreased by 77% To 146 million yuan, but administrative expenses and financial costs of about 350 million yuan, resulting in business losses.
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UCAR is negotiating with potential investors to sell the equity of car rental in China
Lu Zhengyao, the largest shareholder of Shenzhou Car Rental, was cut off last Friday and the stock price fell 6% against the market.
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