Weichai Tan Xuguang: Once again “going to fly†an international dream – KION is listed on the Frankfurt Exchange in Germany
Important information tips: KION successfully listed on German stock exchange on June 28, 2013 in Central Germany Weichai Power further increased its shareholding in KION to 30% after its listing, and its international technology resources strengthened its control. Another important step in the internationalization of Weichai's power and significant enhancement of international influence At 9:21 a.m. local time on June 28, 2013 in Frankfurt, with the ringing sound of Krison Group CEO Rieseguhl, one of the world's leading manufacturers of industrial forklifts - KION Group ("Kay") Proudly) successfully listed on the Frankfurt Stock Exchange. The stock opened at 24.19 euros and a long round of applause throughout the Frankfurt trading floor. Weichai Power Co., Ltd. (hereinafter referred to as “Weichai Powerâ€) further increased its shareholding in KION to 30% of its total share capital after the exercise of the KION Call Option, which further strengthened KION’s control and the internationalization process. An important step. Mastering world-class industrial resources KION is currently the world's second-ranked manufacturer of industrial forklifts, ranking first in Europe, and it accounts for 15% of the global forklift market share. Its international market share ranks first in the world. By increasing the shares of KION and listing it, Weichai Power's control over KION is further strengthened, and it avoids the risk of further acquisitions that may trigger triggering the tender offer, and it has taken a key step in controlling the resources of the world's top forklift business. Through extensive business cooperation with KION, Weichai Power will greatly enhance its competitiveness in terms of scale, brand, technology, and after-sales service in the forklift business, and create a global leader, possess core technology, and sustainably develop. The equipment manufacturing group laid a solid foundation. After the listing of KION, Weichai Power will obtain better conditions for corporate governance: When holding 30% or more of shares in KION, Weichai Power can nominate 3 of the 8 shareholders' representatives of the board of supervisors; 33.3% holds In the case of equity, the chairman of the board of supervisors of KION was nominated by Weichai Power. By dispatching supervisors, Weichai Power is guaranteed to participate in the operation of KION as a major shareholder, and at the same time, Weichai Power has the opportunity to lead KION’s major strategy in the Asia-Pacific region, and to fully utilize KAO's corporate governance efficiency without affecting its efficiency. The advantages of Chai Power in the Asia-Pacific market drive Kone and Weichai Power to achieve a unified global strategy and achieve synergy after the transaction is completed. In 2012, Weichai Power conducted a total investment of 738 million euros for KION (hereinafter referred to as "the previous transaction"). Among them, 467 million euros subscribed for a 25% stake in KION through a capital increase, and another 271 million euros was used for the acquisition of a 70% stake in hydraulics that was stripped from Linde Material Handling GmbH. The previous transaction and the financing obtained during this time of KION's IPO listing will all be used to repay KION's debt, which will further reduce its financial leverage and optimize its capital structure. After the listing, KION plans to refinance the existing debt with better conditions. It is expected that KION's financial expenses will be greatly reduced, future profitability levels will be further improved, and Weichai Power will also receive higher profits as a shareholder. Once again "flying" an international dream Weichai Power always adheres to the global operation strategy of “product management and capital operation†driven by two-wheel drive. The core competitiveness of the company has been continuously improved, and the powertrain (engine, transmission, axle) and complete vehicle have been successfully built. The new pattern of coordinated development of the four major industrial sectors, hydraulic control, and auto parts has formed the most complete and competitive gold industrial chain in the Chinese auto industry, and possesses the core technology and products of the construction machinery industry, and has become China's comprehensive One of the most powerful automotive and equipment manufacturing industry groups. The increase in shares of KION and the promotion of the success of KION's successful listing signified that Weichai Power has taken a place in the European capital market and accelerated the pace of internationalization. Tan Xuguang, chairman of Shandong Heavy Industry Group and chairman and chief executive officer of Weichai Power, stated that: For a long time, all the Weichai people have a dream in their minds—to take the Chinese equipment manufacturing industry to take off. Weichai Power's promotion of an internationalized business strategy, further increase in the shareholding of KION, and enhanced international competitiveness will help improve Weichai Power's influence in the global equipment manufacturing industry. It is the Group's achievement in becoming a global leader with core technologies and The continuous development of equipment manufacturing groups has become a major strategic move in the world of equipment manufacturing. The KION Group's 2012 operating income is approximately 4.7 billion euros (approximately RMB 38 billion). The company plans to achieve an annual operating income of 8 billion euros (approximately RMB 64.5 billion) by the end of the 12th Five-Year Plan period. After that, it will accelerate the company's goal of becoming a Fortune 500 company. At the same time, this measure will help promote the industrial upgrading of China's machinery industry, and will help China's machinery industry to achieve the "Twelfth Five-Year Plan" goals. According to Gordon Riske, CEO of KION, the development of the world is inseparable from China, and the development potential of the Chinese forklift industry is huge. We are very pleased to be able to cooperate with Weichai Power, an industry group with extraordinary influence in China. We take pride in being able to introduce Weichai Power as a strategic shareholder. We will certainly work together to develop Asia-Pacific-based Asia-Pacific. Market, to achieve a win-win situation.
About Key Accessories:
As we know ,everyone needs to use keys ,we use them in our household ,in our cars ,in our office,so we have many keys on hand ,in order to keep our keys well ,we may need keychains ,key rings and key covers for collecting keys in line ,and protecting our pockets,we don't want our life to be messy or lost our keys!
What we can do on Key Accessories?
Our factory have some common keychains to sell,and our main business is OEM ,we can help you to do Silicone Keychains/rings,PVC keychain,Silicone Wristband keychains,Silicone Key Cover,if you have your ideal designs ,please tell us ,we can help you to achieve by your requirements!
Some Key Accessories photos for your ref.
Key Accessories,Custom Made Keychains,Custom Pvc Keychain,Silicone Key Sleeve Dongguan OK Silicone Gift Co., Ltd. , https://www.dgsiliconekitchenware.com
