LME Aluminum to Look for Floor (2017-5-8)

[SMM Flash News] According to reports, recently, Wuhu Bethel Automotive Safety Systems Co., Ltd. planned to use its own funds to sign a transfer agreement with Yubei Steering shareholders Junhong Industrial, Hefei Huaxin, and Hefei Industrial Investment to acquire 50.97% of Yubei Steering’s equity. After the acquisition is completed, Bethel will become the controlling shareholder of Yubei Steering. All parties unanimously agreed that the target company’s valuation would not exceed 2.2 billion yuan, and the consideration for this transfer transaction would not exceed 1.1214 billion yuan.

[SMM Flash] According to reports, recently, Zonsen Power issued an announcement stating that the company plans to swap the assets and liabilities related to its motorcycle engine business (centered on its equity interest in Chongqing Zonsen Engine Manufacturing Co., Ltd.) with the assets and liabilities related to the general machinery business held by Loncin General (centered on its equity interest in Chongqing Xinloncin Electromechanical Co., Ltd.). Any difference in the transaction valuation of the swapped assets will be settled in cash by one party to the other. This transaction aims to resolve the horizontal competition issue between Zonsen Power and Loncin General and to promote clearer business delineation and specialized development for both parties. The transaction is expected to

[SMM News] According to reports, Ningbo Tuopu Group Co., Ltd. expected the company’s operating revenue for 2025 to reach 28.75 billion yuan to 30.35 billion yuan, up 8.08% to 14.1% YoY; net profit was 2.6 billion yuan to 2.9 billion yuan, down 3.35% to 13.35% YoY.