Tong Zhiyuan or conduct. He may very clear: He is lucky this is not only backed by private companies, but to the Beijing Municipal Government, China's state-owned financial and banking system and other state-owned assets in the background of the Department of mm site brings together the assets reflects the national will.
28 at 9 points in Gothenburg, Sweden and Ford Geely signed a contract to acquire 100% stake in Volvo cars. Industry and Information Technology Minister Li attended the ceremony. This high degree of recognition and involvement of the official attitude behind Minister Li mind may very clear: He is lucky this is not only to support the private joint-stock, and he was to the Beijing Municipal Government, China's state-owned financial and banking system, The bid for Volvo mm Geely have been consortium, the European funds. Volvo, gathered the various sections of China's economic power, national wealth, reflects the convergence of the will of the nation.
Volvo total cost of 1.8 billion U.S. dollars (about 12 billion yuan ), while the Volvo project, China has basically established the first factory located in Beijing Economic Development. Prior to Geely and Tianjin, Guangdong, the local government to negotiate over, and the last basically finalized Beijing Yizhuang, because related to the last 30 billion yuan of financing, platform, , a series of working capital, project integration work or will be completed by the company). Clearly, the Beijing Municipal Government or the Beijing Municipal Government to guarantee domestic banks Volvo special loans accounted for at least 1 full acquisition of funds / 4.
million source of the legal representative of Beijing Geely Geely is joined near Tong Zhiyuan. Prior to the interpretation of the industry is Volvo of its management experience valuable for future localization, representatives. it to be the best candidate. In this context, a journalist reported: circumstances, or lucky to repay the loan, or local government capital shares as Geely, the relatively loose agreement However, the above sources, through the financing of Hong Kong listed company and parent company, Geely will end more than 51% of shares so, is the controlling shareholder. In addition, the entire capital structure Geely also flash across the multiple figure, excluding Hong Kong Geely outside the hematopoietic ability of listed companies, Bank of China Zhejiang Branch and a consortium led by the London branch has been committed to providing five-year M & Li Shufu, the loan amount of nearly $ 1,000,000,000 In 2009 November 30, Geely million and the source and Export-Import Bank of China, Bank of China signed a loan agreement and a capital increase completed in four weeks. In addition, by the Swedish local government guarantees, a number of European international banks have also agreed to provide low-interest loans. Geely Automobile integrate local governments around the introduction of overseas famous enterprises, improve the GDP, expanding employment, growth of investment tax impulses, bringing together all over the land resources and government guarantees of credit resources to Geely Holding the lead of the funds, institutional investment funds around the country mainly in the capital, international capital, supplemented by a government background. this sentence in the Ministry of Commerce spokesman Yao in an interview last week, said the Volvo can take advantage of China's foreign exchange reserves, the Ministry of Commerce will be necessary to provide overseas legal and consulting Geely and other services to support its successful acquisition do embrace it demonstrated mm Yao said the Volvo is conducive to the effective use of capital and foreign exchange reserves in China to increase its international experience in mergers and acquisitions, international cooperation in their access to technology and brand are helpful. the rapid development of China's auto sales, but more advanced technology and management tools as a support, and mergers and acquisitions is a good way, legal and consulting services to support its successful acquisition. being, has been seeking government recognition. through years of combat experience base accumulated joint co-operation with local government experience, and thus received a lot of land resources and financial support. Geely have sea currently in the country, Ningbo, Taizhou and Shanghai, Xiangtan such as the eight main production base, and both are working closely with the product of the local government. taking into account the ongoing bid for further investment in the future, after completion of the possibility and profit distribution, the current source in Beijing Geely million will be similar to the past vote other shareholders) such legal institutions, and sponsors will become one of Geely Holding the largest shareholder.
stood behind the Geely no money, but Geely never short of money. From this point of view, I believe that: the acquisition of Volvo was a similar to the Japanese MITI sixties and seventies of last century, with Toyota, Honda, Nissan Motor Company to deploy the kind of combined into the U.S. market, world-class brand, to create rather, 100% of Volvo cars, to come forward and backed by state-owned capital, lower cost, the resistance is smaller. Geely from Premier Wen Jiabao's recent instructions of Development and Reform Commission for approval to the acquisition of the exclusive, the inference is possible and set up.
Wall Kosovo is full of twists and turns the acquisition until the last minute faces blackmail and crisis, but the final signing of the clearest, shows care about more than money Zizhu about important force behind the whole of China Geely mm, the whole Chinese market. difficult to imagine the Chinese consumer China and the Government to exclude the acquisition of Volvo would have loved to have the enthusiasm. Ford and Volvo executives within the sensible people, Volvo trade unions, have been well aware of the way and the revitalization of the Volvo As with the public, and the world, like many other car companies, only in China, to quickly upgrade and was saved. with each other to determine the auspicious clear the Chinese government is behind the support, the support of the Chinese market. If the auspicious time to time to ensure that after the acquisition acquisition some period of time or more than 30% per year growth in the corresponding agreement or commitment on gambling, who would not play the game: only the buyer can have such a capability.
mmmmmmmmmmmmmmmmmmmmmmmm
(Sohu car for the Notes Exclusive issue)
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