AutoBeta(AutoBeta.net)04/11 Report--

Recently, Reuters quoted sources as saying that Volkswagen was considering buying a large stake in JAC Motor, its electric car joint venture partner in China, and had hired Goldman Sachs as an adviser.

On the matter, Volkswagen said, "We are closely watching the impact of this on our business and joint venture partners." To this end, we will explore all possible options with all parties to ensure long-term success in China. "

In its response, Volkswagen did not deny the acquisition of Jianghuai shares, while yesterday JAC issued a clarification announcement, saying that on the basis of the joint venture and cooperation of new energy passenger vehicles, the two sides have been discussing how to further deepen cooperation. So far, no formal plan has been formed.

In response to this matter, Jianghuai Automobile issued two clarification announcements in succession today.

Jianghuai said in a "trading abnormal volatility announcement" that on April 9, April 10 and April 11, 2019, the company's stock trading closed with a cumulative deviation of more than 20%. The major thing found by the company is that the company and Volkswagen have not conducted formal business negotiations with Volkswagen on equity acquisitions mentioned in media reports, and there is no plan for equity acquisitions.

In another "supplementary announcement to clarify the announcement," JAC denied the media reports of "negotiations on the acquisition of shares in Volkswagen." the announcement said: the company and Volkswagen did not have formal business negotiations with Volkswagen on the equity acquisition mentioned in the media reports, and there was no plan for the equity acquisition.

At this point, Jianghuai Motor has risen by the daily limit for two consecutive days.

Jianghuai Automobile recently released its annual performance forecast for 2018, which shows that the net profit belonging to shareholders of listed companies is expected to lose about 770 million yuan.

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