Group 1 - The core point of the article is that Beijing Automotive announced the sale of a 51% stake in its wholly-owned subsidiary, Beijing Automotive International Development Co., Ltd. (BAIC International), to its controlling shareholder, BAIC Group, for a transaction price of RMB 1,607.574 million [2] - The transaction price is based on an independent valuation report, with the total equity value of BAIC International assessed at RMB 3,152.1058 million as of September 30, 2025, using the income approach [2] - The payment for the transaction will be made in two installments, with the first 50% (RMB 803.787 million) payable upon the effectiveness of the share purchase agreement and the second 50% (RMB 803.787 million) payable within one year after the completion of the share registration [2] Group 2 - After the completion of the transaction, BAIC International will be owned 51% by BAIC Group and 49% by Beijing Automotive, and its financial performance will no longer be consolidated into Beijing Automotive's accounts [3] - Beijing Automotive expects to recognize a pre-tax gain of approximately RMB 2.2 billion from the sale, with proceeds intended to supplement the group's working capital and business development [3] - The transaction aligns with the company's internationalization strategy, leveraging BAIC Group's platform advantages for overseas product development and brand building while retaining a 49% stake to benefit from BAIC International's future growth [3]
北京汽车向北汽集团出售北汽国际51%股权，交易对价为16.08亿元