Weichai Power has issued a proclamation declaring receive 33.3% stake in Frankfurt, Germany KION listed company had the largest shareholder Superlift notice, he has been in KION 34.5% shareholding reduced to 26.9%, the company thus became the first Kion A major shareholder and will have a total of 60.2% of Kio's voting rights, which is to achieve control, so KION needs to be consolidated as a subsidiary in the company's consolidated financial statements.
According to its 2013 consolidated total assets, operating income exceeded 50% of the company's corresponding data. Therefore, this consolidated statement will lead to a large increase in the amount of the company's assets, liabilities, revenue, costs, and other items, which will affect the profitability indicators such as gross margin and profitability. The company’s share application resumed trading on Friday (13th).
On December 27, 2012, Weichai Power and Kiontal completed the strategic restructuring of a total investment of 738 million euros in Germany.
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