According to information from the Beijing Property Rights Exchange, Foton Motor intends to transfer its 74.33 million shares held by Beijing Foton Industry Investment Holding Group Co., Ltd., with a shareholding ratio of 13.78% and an open listing transfer price of 173 million yuan. The closing date of listing information disclosure is March 14, 2017. Beijing Futian Industrial Investment Holding Group Co., Ltd. was established on August 26, 1999, with registered capital of 539 million yuan, which is a state-owned shareholding company. The business scope includes investment management, asset management, project management, business management consulting, sales of automobiles (not more than nine), mechanical and electrical equipment, internal combustion engines, tractors, manufacturing of automobiles, mechanical and electrical equipment, internal combustion engines, and tractors. Financial data show that Beijing Foton Industry Investment Holding Group Co., Ltd. has experienced a decline in its performance in recent years. The company's revenue, operating profit and net profit for 2015 were 1.243 billion yuan, 106 million yuan and 117 million yuan respectively, and the owner’s equity was 1.151 billion yuan; as of December 31, 2016, revenue, operating profit, and The net profit was 1.492 billion yuan, 46.782 million yuan, and 14.0779 million yuan respectively, and the owner's equity was 1.13 billion yuan. It is worth noting that Beijing Futian Industrial Investment Holding Group Co., Ltd. has significantly increased its liabilities in recent years. Its 2015 liabilities amounted to RMB 161.886 million. In 2016, its liabilities increased significantly to RMB 505 million. Business information shows that Beijing Futian Industrial Investment Holding Group Co., Ltd. conducted a series of exchange audits on January 27, 2017. After the change, Guo Kezhen, the former general manager of the company, became the new chairman. The former supervisor Gao Henan became the company's new director, and the former supervisor Mi Chuanmeng became the new chairman of the board of supervisors. It is understood that Beijing Futian Industrial Investment Holding Group Co., Ltd. has invested in many foreign companies, including Beijing Futian Zhike Logistics Co., Ltd., Hubei Futian Special Purpose Vehicle Co., Ltd., Zhucheng Lovol Industrial Investment Co., Ltd., and Beijing Changyuan Longhong Technology Co., Ltd. Company, Beijing Shougang Foton Automotive Air Conditioner Co., Ltd. Beijing Futian Industrial Investment Holding Group Co., Ltd. has 5 shareholders holding more than 5% shares, namely Longkou Wulong Zhisheng Enterprise Management Co., Ltd., with a holding ratio of 37.6%; “other shareholders†holds 14.51%; The proportion of auto ownership is 13.78%; Wuxi Weifu Lida Catalytic Purifier Co., Ltd. holds 12.66%; Futian Heavy Machinery Co., Ltd. holds 6.76%. It is worth noting that the legal representative of Longkou Wulong Zhisheng Enterprise Management Co., Ltd., the largest shareholder of Beijing Futian Industrial Investment Holding Group Co., Ltd., is also the legal representative of the company that is planning to transfer the subject. The shares of Beijing Futian Industrial Investment Holding Group Co., Ltd. to be transferred by Foton Motor shall be the total equity of the company it holds directly. According to the announcement, the base price for the transfer of this transaction was 173 million yuan, and the payment method was a one-time payment. The intent transferee shall pay the transaction guarantee deposit of RMB 51.77 million to the designated account of the CBEX (according to the time of arrival) within 3 working days after confirmation of transferee qualification. Where the original shareholders did not give up the right of first refusal, if only one eligible non-original shareholder intends to acquire the transferee, the auction activity will no longer be organized. The intended transferee will unilaterally make quotations and consult at this price. Whether the original shareholders exercise the right of first refusal. Elevator Electrical Device, Lift Electrical Device, Electrical Device for Elevator Realever Enterprise Limited , https://www.cnelevator-parts.com