Recently, Foton announced that the company through the Beijing property exchange public listing transfer of Huairou heavy machinery factory premises and equipment and other related assets. On November 2, 2020, the company signed the “physical assets transaction contract” with Beijing Foton Daimler Automobile Co., Ltd., transferring part of the assets of the heavy machinery plant to Foton Daimler at a price of about 1.097 billion yuan.
On April 22, 2020 and May 8, 2020, the board of directors and the general meeting of shareholders of Foton Motor Co., Ltd. deliberated and passed the proposal on the public listing transfer of Huairou heavy machinery factory premises and equipment and other related assets; on September 22, Foton Motor Co., Ltd. publicly listed the transfer of Huairou heavy machinery factory premises and equipment and other related assets in Beijing Equity Exchange; on October 27, Foton Motor Co., Ltd On November 2, Foton received the notice of listing result from Beijing property exchange, and Beijing Foton Daimler Automobile Co., Ltd. became the transferee. On November 2, Foton and Foton Daimler signed the physical assets trading contract.
On November 3, Foton released its October production and sales report. According to the data, Foton sold 60978 cars in October, compared with 47051 cars in the same period last year, with a year-on-year increase of 29.60%; from January to October, Foton sold 563245 cars, with a year-on-year increase of 29.09%.
In terms of output, Foton produced 67961 vehicles in October, compared with 46645 vehicles in the same period of last year, with a year-on-year increase of 45.6%; the cumulative output from January to October was 564444 vehicles, compared with 436826 vehicles in the same period of last year, with a year-on-year increase of 29.21%.
BAIC Foton released sales data at the same time, also announced the progress announcement on the repurchase of the company’s shares. According to the announcement, as of the end of October 2020, the company has bought back 86.9047 million shares by means of centralized bidding transaction, accounting for 1.32% of the total share capital of the company, with the highest price of 2.09 yuan / share and the lowest price of 1.79 yuan / share, and the total amount paid is 17.34556 million yuan (excluding transaction costs).