recently, Liugong shares issued a notice, in February 28 held in the Guangxi Liugong Machinery Co.,Ltd. The eighth board of directors of the twenty-fourth (interim) meeting, the review passed the "on the acquisition of Hertz equipment leasing Co., ltd. equity and increase its capital bill." The board voted 10-1 to approve the acquisition of Hertz Equipment Rental Holdings (HK) Limited for $1. Hertz equipment leasing 100% equity; Agreed to the company's plan to increase the capital of 300 million yuan in two years from the acquisition of Hertz equipment leasing. Once the news was released, it attracted wide attention of the industry.

liugong shares to buy Hertz equipment leasing business in China for $1

It may be argued that it is not a very wise choice to make a merger during this particular period, when the epidemic has not been fundamentally controlled and companies everywhere are busy resuming production. But every coin has two sides. If we understand the background of this merger and acquisition of liugong shares and the long-term development of the enterprise after the income, we can not help for liugong shares of this merger and acquisition behavior loudly applauded!

As China's construction machinery industry and the first listed company in guangxi zhuang autonomous region, liugong is known as “ The leader of the construction machinery industry ” . In more than 60 years of development, the company has formed a mature and strong r & d and manufacturing system, in the loader, excavator, roller, road machinery and other fields to take a leading position, liugong group is the core enterprise. As an ambitious enterprise, liugong knows that, against the current, not to advance is to retreat. At the same time of satisfying the needs of consumers, we should actively explore the way of long-term development of enterprises. Liugong is the first enterprise to implement internationalization, internationalization has become an important force to support the development of enterprises. While constantly improving the enterprise's r & d and manufacturing capabilities, liugong is also constantly enriching and improving itself, taking the road of comprehensive development. Liugong is the first enterprise to set foot in the leasing market. Established in 2008, liugong international leasing co., ltd. provides professional construction machinery financing and leasing services to domestic and foreign customers by taking advantage of liugong's strong brand, channel, capital, talent and other advantages.

Operational leasing is an important market for construction machinery in the world. The penetration rate of leasing in the construction machinery industry in developed countries has exceeded 50%. In China, due to more and more clients' pursuit of asset-light operation and the convenience of leasing for clients' construction, the leasing penetration rate of construction machinery industry is also increasing rapidly. As for liugong, it is a part of liugong's strategy and the only way to promote the long-term development of the enterprise to take advantage of its own advantages and provide comprehensive solutions including equipment leasing to the majority of users. Liugong shares to prepare for a rainy day, early layout, in the operating leasing market has made great achievements. Liugong recently appointed graziano · Mr. Graziano Cassinelli is the director of liugong's global leasing and second-hand equipment department, which is also one of the important measures to expand the operational leasing market. This shows that liugong is deeply committed to the second-hand equipment leasing management market and providing users with comprehensive construction solutions.

Hertz equipment leasing, founded in 1965, is a multinational equipment leasing company with global business coverage. To provide customized equipment rental solutions trusted by users. Its advanced management methods and global channels and service network are what many domestic enterprises lack, and liugong shares have a great complementarity.

This time, liugong acquired 100% equity of Hertz equipment leasing for $1, which is the inevitable result of the board's thoughtful, multi-year layout and sustainable development driven by equipment leasing. Believe in the international leasing giant — & ndash; With the joining of Hertz equipment leasing company, liugong's shares will certainly grow like a tiger and realize faster development in equipment leasing, second-hand equipment management and even the whole construction machinery market, thus providing an important weight for the enterprise group to continuously build an international market. Liugong acquisition of Hertz equipment leasing company follow-up matters, China road machinery network will continue to pay attention.

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