The listing information of the Beijing Financial Asset Exchange shows that the 7.972% equity of Guangzhou Huanan Rubber Tyre Co., Ltd. held by the China Construction Bank Co., Ltd. Guangdong Branch is to be listed for transfer, and the listing price is 150 million yuan. The intentional transferee should have good financial status and ability to pay and have good commercial credit.
South China Tire Production Line
According to the announcement, Guangzhou Huanan Rubber Tyre Co., Ltd. has a registered capital of 1.182 billion yuan. Its business scope includes production and sales of tires , rubber products and related equipment and accessories, technical consulting services, and import and export of goods and technology. In 2010, it realized main business income of 2.294 billion yuan and net profit loss of 123,200 yuan. Taking December 31, 2010 as the benchmark date, the target company's total assets were 2.70 billion yuan, the assessed value was 3.225 billion yuan; the net assets were 1.268 billion yuan, and the assessed value was 1.794 billion yuan. The corresponding assessment value of the transfer target is RMB 140 million.
About South China Rubber Tire:
Huanan Rubber Tyre Co., Ltd. was put into production on April 8, 1992. It was the first large-scale state-owned enterprise to introduce professional technology to produce radial tires . After 21 years of development, Guangzhou Huanan Rubber Tyre Co., Ltd. has developed into Panyu. The three major production bases in Conghua, Conghua, and Huadu, with large-scale state-owned enterprises with more than 5,000 employees, have an annual production capacity of 11 million pieces. It is currently the largest radial tire manufacturer in South China, and also the largest exporter of radial tires in China; Tire Industry 75 (ranked 33), is also one of the top 100 enterprises in Guangdong Province.
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