$LEAPMOTOR (09863.HK)$ Details of Stellantis divested HK$12 billion to invest in Zero Sport Cars:
The transaction consists of two parts:
1. Subscription for new shares: Subscribe for an additional 194 million new shares issued by Zero Run, with a subscription price of HK$43.8 billion, with a total cost of HK$8.5 billion.
2. Purchase of old shares: Purchase 190 million old shares held by Dahua Co., Ltd. with a subscription price of HK$38.81 and a total cost of HK$3.5 billion.
After the transaction was completed, Stellantis's new and old shares held a total of 21.26% of Zero Run's shares and enjoyed 2 directors' seats.
Additional information:
1. The two sides established Zero Run International, with a shareholding ratio of 51:49 (Zero Run 49) to jointly develop international business.
2. The cumulative investment of Dahua Co., Ltd. was 90 million yuan, and the investment cost was 1 yuan/share. This time, the 8-year return was 35 times higher.
3. Introduction to Stellantis: Established in early 2021, the former Peugeot Citroen Group and the former Fiat Chrysler Group merged. The brands under the Stellantis Group include: Abbas, Alfa Romeo, Chrysler, Citroen, Dodge, DS, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move, and Leasys. In 2022, the Stellantis Group sold more than 6 million cars worldwide and achieved net revenue of 179.6 billion euros,...