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On December 15th, the reporter of “Daily Economic News†learned from the relevant departments in Jiangsu Province that the reorganization of Yaxing buses may surface.
Recently, the report on the reorganization of Yaxing Bus attracted widespread market attention. According to reliable sources obtained by reporters, the object of the restructuring of Yaxing Bus is Weichai Power.
“At present, Weichai Power is negotiating with Yangzhou City SASAC and Jiangsu Yaxing Automobile Group Co., Ltd. to discuss the reorganization of Yaxing Buses, and the Yangzhou City SASAC intends to match them,†an informed source revealed.
In the past, there has been a lot of news circulating about Weichai Power's reorganization of the Asian Star Bus. Small shareholders have also made different speculations. For example, Weichai Power mainly focuses on the vehicle business of Yaxing and wants to enter the company through Yaxing Bus. The entire vehicle business and Weichai Power mainly want to use Yaxing Bus to enter new energy buses.
On the 15th, the reporter of “Daily Economic News†tried to verify Weichai Power on this news. The securities affairs representative of the company said that it was not clear about this matter and Yaxing Bus was also ignorant.
The city government of Yangzhou has long favored Weichai. According to the "Yangzhou Daily" report, on November 24 this year, the Yangzhou City Government signed a strategic cooperation agreement with Weichai Group, intending to build Yangzhou into the Weichai Holding Group's automobile parts and ship power system manufacturing center in the Yangtze River Delta Region. In order to fully enhance the core competitiveness of the automobile and parts industry in Yangzhou City. The report said that according to the actual development of the project, Weichai Group will invest in incremental business, accelerate the construction of the Weichai Group's Yangzhou auto parts and ship power manufacturing industry base, and reach 10 billion yuan in the next 3 to 5 years. scale.
The appeal of the Yangzhou City government and Weichai’s appeal was seen as a signal for Weichai to enter Yaxing. “Weeking and swords are intended to be Yaxing.†Insiders laughed.