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词条 Tengzhong
释义

  1. Aborted acquisition of Hummer

  2. References

{{Infobox company
| name = Sichuan Tengzhong Heavy Industrial Machinery
| logo = Sichuan Tengzhong logo.jpg
| caption =
| type = Privately owned company
| traded_as =
| genre =
| fate =
| predecessor =
| successor =
| foundation = 2005 (Chengdu)
| founder =
| defunct =
| location_city = Chengdu
| location_country = China
| location =
| locations =
| area_served = Worldwide
| key_people =
| industry = Automotive
Heavy equipment
| products = Construction equipment
Heavy-duty trucks
| services =
| revenue =
| operating_income =
| net_income =
| aum =
| assets =
| equity =
| owner =
| num_employees =
| parent =
| divisions =
| subsid =
| homepage = {{URL|http://www.sctengzhong.com}}
| footnotes =
}}{{Chinese|title=Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd|s=四川腾中重工机械有限公司|t=四川騰中重工機械有限公司|p=Sìchuān Téngzhōng Zhòng Gōngjīxiè Yǒuxiàn Gōngsī|altname=|s2=腾中重工|t2=騰中重工|p2=Téng Zhōng Zhòng Gōng|order=st}}

Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd. is based in Chengdu, China. Sichuan Tengzhong is a privately owned company known for making a wide range of road equipment, such as bridge piers, highway construction and maintenance machinery. Sichuan Tengzhong has been moving more into heavy-duty trucks, including tow trucks and oil tankers.

Aborted acquisition of Hummer

On 1 June 2009, as a part of General Motors Chapter 11 reorganization announcement, GM revealed that Hummer brand would be discontinued. However, the following day GM announced it had reached a deal to sell the brand to an undisclosed buyer.[1] On 2 June 2009 GM announced the sale of Hummer to a non-disclosed Chinese company.[2] The New York Times reported Tuesday that the buyer would be the Sichuan Tengzhong Heavy Industrial Machinery Company Ltd., a machinery company in western China.[3][4] Late Tuesday Sichuan Tengzhong itself posted it on their own website.[5] The transaction was expected to close in the third quarter of 2009, subject to customary closing conditions and regulatory approvals. Financial terms of the agreement were not disclosed.[5] Credit Suisse acted as exclusive financial advisor and Shearman&Sterling acted as international legal counsel to Tengzhong on this transaction. Citi acted as financial advisor to GM.[5]

General Motors announced on 9 October 2009 that they have sold their entire stake in the Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery and a group of private investors (Suolang Duoji! a private entrepreneur with holdings that include the Hong Kong-listed thenardite producer Lumena, will hold the remaining 20 percent stake.). Sichuan now owns 80% of the company, Autoblog reports. The sale will net GM around US$150 million, although the transaction had to be approved by both Chinese and US regulatory agencies it was anticipated to occur in 2010.[6][7]

The deal includes manufacturing to continue in the two plants that GM already uses to produce the Hummer trucks until June 2011, with a possible extension until 2012.

Prior to the 2009 sale a handful of other Chinese automakers, including Chang Feng, expressed interest in the brand, but all declined to make a formal offer.[8]

On 24 February 2010, The Chinese Ministry of Commerce rejected Tengzhong's bid to purchase Hummer from General Motors.

[9]

References

1. ^https://www.nytimes.com/2009/06/03/business/03auto.html
2. ^http://www.msnbc.msn.com/id/31059625/
3. ^http://www.msnbc.msn.com/id/31059625//
4. ^https://www.nytimes.com/2009/06/03/business/03auto.html?_r=1&hp
5. ^{{cite web |url=http://www.sctengzhong.com:8080/tengzhong/weben/newn.jsp?id=1158 |title=Archived copy |accessdate=2009-06-02 |deadurl=yes |archiveurl=https://web.archive.org/web/20090608133946/http://www.sctengzhong.com:8080/tengzhong/weben/newn.jsp?id=1158 |archivedate=2009-06-08 |df= }}
6. ^http://www.autoblog.com/2009/10/09/breaking-gm-source-say-hummer-sold-to-chinese/
7. ^Sichuan Tengzhong{{dead link|date=March 2018 |bot=InternetArchiveBot |fix-attempted=yes }} (Official statement)
8. ^[https://www.reuters.com/article/ousiv/idUSSHA24321320080818 China's Changfeng had talks on GM's Hummer: source] reuters.com, Mon Aug 18, 2008 4:19am EDT
9. ^[https://www.reuters.com/article/idUSTRE61N0S120100224 (Reuters)]
{{Automotive industry in the People's Republic of China}}{{Heavy machinery manufacturers of China}}

5 : Companies based in Chengdu|Construction equipment manufacturers|Motor vehicle manufacturers of China|Manufacturing companies of China|Chinese brands

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