The hottest Tianma shares sold 64.3 billion assets

Tianma shares sold 643million assets and stripped off businesses such as bearings and precision machinery

since Xu Maodong, a famous investor and Internet Finance tycoon, took over Tianma shares, it is no secret that the company is moving towards transformation. On the evening of March 15, Tianma shares announced that it would divest its bearings, CNC machine tools and other assets, paving the way for further transformation of the Internet venture capital service business

643 million yuan of divested assets

according to the evening announcement of Tianma Co., Ltd., the company plans to sell 93.81% equity of Beijing Tianma Bearing Co., Ltd. (hereinafter referred to as Beijing Tianma) held by the company and its subsidiaries to Zhejiang Tianma Elevator Co., Ltd. (hereinafter referred to as Tianma elevator) Chengdu Tianma Precision Machinery Co., Ltd. (hereinafter referred to as Tianma precision) has 100% equity and Guizhou Tianma Hongshan Bearing Co., Ltd. (hereinafter referred to as Guizhou Tianma) has 100% equity, with a total transaction volume of 643 million yuan

among them, Beijing Tianma was established on September 9, 2005, mainly engaged in manufacturing bearings, mechanical accessories and other businesses, with a registered capital of 120million yuan. As of September 30, 2016, Beijing Tianma had total assets of 300 million yuan, total liabilities of 29.7 million yuan and owner's equity of 270 million yuan. After negotiation, the company plans to sell 93.81% equity of Beijing Tianma elevator to Tianma elevator for 254million yuan by pressing the "take pendulum" button

Tianma precision was founded on November 24, 2016, mainly engaged in the manufacturing and sales of mechanical equipment and accessories, bearings and bearing accessories, with a registered capital of 150million yuan. It is a wholly-owned subsidiary of its subsidiary Chengdu Tianma. According to the appraisal report, as of January 31, 2017, Tianma precision had total assets of 196 million yuan, total liabilities of 49.37 million yuan and owner's equity of 146 million yuan. After negotiation, Chengdu Tianma plans to sell 100% equity of Tianma precision to Tianma elevator for 146million yuan

Guizhou Tianma was founded on November 14th, 2006. It is mainly engaged in the manufacturing and sales of bearings and bearing equipment, parts and other businesses. With a registered capital of 8000, it continues to crack down on "ground bar steel" 10000 cast iron: deformation is very small when tightening, and it is a wholly-owned subsidiary of the company. According to the appraisal report, as of September 30, 2016, the total assets of Guizhou Tianma were 260 million yuan, the total liabilities were 17.27 million yuan, and the owner's equity was 243 million yuan. After negotiation, the company plans to sell 100% equity of Guizhou Tianma for 243million yuan

"daily economy" noted that the counterparty of this transaction is Tianma elevator, which is a wholly-owned subsidiary of Horgos Tianma Venture Capital Group Co., Ltd., the second largest shareholder of Tianma shares. Therefore, this transaction constitutes a related party transaction

has embarked on the road of transformation

it is worth mentioning that in this announcement, Tianma shares said that the proceeds from the sale of some bearing businesses and the equity of CNC machine tool subsidiaries will be used to establish two industrial funds. In the future, the main business will carry out the open platform business of interconnected entrepreneurship services with joint entrepreneurship as the core, focusing on the Internet industry

in fact, with the change of the owner, the transformation of Tianma shares is no longer a secret

on December 3, 2016, in response to the inquiry and reply letter of Shenzhen Stock Exchange on the shareholding of Kashi Xinghe in Tianma shares controlled by Xu Maodong, Kashi Xinghe said that in order to make listed companies bigger and stronger, improve the sustainable profitability and core competitiveness of listed companies, it plans to promote listed companies to gradually carry out one-stop Internet entrepreneurship service open platform business by setting up subsidiaries, and provide one-stop Internet entrepreneurship services for Internet entrepreneurs Full entrepreneurial services. Specifically, it includes providing core services such as joint entrepreneurship, projects and funds, and integrating third-party service providers to professionalize Internet entrepreneurship

at the same time, considering the weak profitability of the original business of Tianma shares, Kashgar Xinghe plans to promote the strategic contraction of the business scale of the bearing business and CNC machine tool business of Listed Companies in the future, and purchase some assets at an appropriate time

interestingly, Tianma shares had already taken action before Kashgar Xinghe announced its position

on November 29, 2016, Tianma announced that it would transfer 100% equity of Shanghai Tianma, Ningbo Tianma and Xi'an Tianma, its main bearing business, and 70% equity of Huzhou Tianma, to its wholly-owned subsidiary Zhejiang Tianma. Subsequently, on December 10, Tianma announced to invest in the establishment of wholly-owned subsidiaries yaozhuo venture capital and Beijing Xinghe Chuangfu Information Technology Co., Ltd. Both new companies plan to gradually carry out one-stop Internet entrepreneurship service open platform business and provide entrepreneurship services