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Youth Automobile Group Acquires German Enterprises
20 12 On July 30th, the Development and Reform Commission of Zhejiang Province announced the approval document, agreeing that Youth Automobile Group Co., Ltd. (hereinafter referred to as "Youth Automobile") will invest100,000 euros to acquire part of the equity project of Germany's V ISEO NBus G m bH (Germany VIA Bus Co., Ltd., hereinafter referred to as "VIA Company"). According to the data, VIA was founded in 2008, and its net assets at the end of last year were-3.83 million euros.

According to the above-mentioned documents, the project was invested by Youth Automobile at a cost of 6.5438+0 million euros, and 74.9% of the shares held by the original shareholders of VIA Company were acquired; After the completion of the acquisition, Youth Auto provided 6.5438+0 million euros to the original shareholders of VIA Company for its capital increase, and at the same time, Youth Auto increased its capital by 3 million euros to VIA Company; In addition, Youth Auto provided VIA with a shareholder loan of 5 million euros as the company's working capital.

According to the audit of company P by German S&, as of February 20165438, the company had total assets of 44.33 million euros, net assets of-3.83 million euros, sales income of 31/kloc-0.07 million euros and net profit of-2.26 million euros. VIA company is registered in Pilding, Germany, and belongs to JRBU S Consult &; Production G m bH and BartConsult K ereskedelm i were established with the contribution of 665,438+0% and 39% respectively. The company is mainly engaged in the development, design, production and sales of public transport vehicles, buses and airport car ferries.

The Development and Reform Commission of Zhejiang Province stated that the approval document of the project can only take effect after being filed by the Department of Foreign Capital Utilization and Overseas Investment of the National Development and Reform Commission, and it will be valid for two years from the effective date. In addition, the total investment of the project is 6.5438+million euros (about 6.5438+0.26 million US dollars), and all the required funds are solved by the purchase of foreign exchange by Youth Auto with its own RMB funds. Specific foreign exchange investment matters shall be reviewed by the foreign exchange administration department.