Wuling Motors announced that the tendering company (submitted by Wuling Industrial) has issued a bidding notice to Shanghai Yupu on August 24, 2017 after completing the bidding process for the purchase of equipment by Wuling Industrial, a non-wholly owned subsidiary of the company. book.
Among them, the content of the selection of Shanghai Yupu is the successful winning bidder for the two tenders, the relevant bid price is RMB 2,393,600 (excluding VAT) and RMB 1,239,300 (excluding VAT); and Wuling Industrial (as buyer And Shanghai 诣 ( (as the seller) shall sign the terms of the equipment purchase agreement in accordance with the applicable rules of the Listing Rules within 30 days from the date of the notice of winning the bid.
The bidding project is two sets of equipment, that is, the production line and industrial robot workstation used by Wuling Industrial to produce auto parts after installation, to supply the cars produced by its customers.
As at the date of this announcement, the Group has a total of approximately 56.04% of the total number of issued shares of the Group, which is the ultimate controlling shareholder of Guangxi Automobile (as the ultimate controlling shareholder) through its direct and indirect wholly-owned subsidiaries. The Company is a connected person of the Company and the transactions contemplated under the Equipment Purchase Agreement are expected to constitute a discloseable transaction and a connected transaction of the Company.
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