The newspaper (Reporter Wang Liufang) experienced a series of twists and turns, and the joint venture between Futian and Dai Ke finally ushered in the dawn. The senior of Foton Motor Company disclosed yesterday that the relevant state department has approved Dai Ke's withdrawal from Yangzhou Yaxing Mercedes-Benz and cleared the obstacles for the joint venture between Dai-ke and Futian. Upon learning of this news, Foton rushed to terminate the previous plan to Dai Ke to become a strategic investor, and the two sides relaunched the joint venture negotiations.
It is reported that Fukuda has decided to vote on this matter at the general meeting of shareholders held on December 17.
According to reports, after the resumption of negotiations, Dai-ke will no longer meet 24% of the company's equity ratio, and will establish a joint venture company with Fukuda's 50% each. As the two parties had in-depth understanding before this, relevant person in charge of Futian said that it is expected that the negotiations will soon make progress and the joint venture company is expected to be established in 2008. One is the largest and most profitable commercial vehicle giant in the world, and the other is the largest commercial vehicle company in China. The marriage between Futian and Dai Ke is highly anticipated.
View related topics: Beiqi Futian, Futian Automobile brand value of 22.157 billion yuan
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