AutoBeta(AutoBeta.net)08/23 Report--

According to the announcement of a simple case of operator concentration in the Anti-Monopoly Bureau of the State Administration of Market Supervision and Administration, Changan Mazda Automobile Co., Ltd. submitted an application for Changan Mazda Automobile Co., Ltd. to acquire the equity of FAW Mazda Automobile sales Co., Ltd., after the proposed transaction is completed, FAW Mazda will become a wholly owned subsidiary of Changan Mazda.

The contents show that Changan Mazda Automobile Co., Ltd., Mazda Automobile Co., Ltd., China first Automobile Co., Ltd. and Chongqing Changan Automobile Co., Ltd. signed a series of transaction documents such as "Capital increase and share expansion Agreement". Under these transaction agreements, Changan Mazda will acquire 100% stake in FAW Mazda Automobile sales Co., Ltd., held by FAW Group and Mazda, in consideration of equity and cash. Upon completion of the proposed transaction, FAW Mazda will become a wholly owned subsidiary of Changan Mazda.

Data show that Changan Mazda was established on November 30, 2012. its main business is the research and development, production and sales of Mazda brand passenger cars, including Onksera, CX-30, CX-5 and CX-8. FAW Mazda was established on January 18, 2005. its main business is the sales and after-sales service of Mazda brand passenger cars and their parts, maintenance tools, equipment and accessories, including Atez and CX-4.

In fact, there have been rumors about the merger of FAW Mazda and Changan Mazda. An unconfirmed "regional reliable news" Wechat picture was circulated on the Internet on December 24, 2020. the screenshot shows that the FAW Mazda Division will be disbanded and production will be stopped. including the former FAW Mazda sales company employees transferred to Pentium or Red Flag Division, Atez permanent suspension of production, and so on. However, in response to the above news, the official refuted the rumor: the online news is artificial speculation, made up, Mazda Motor Co., Ltd. and FAW Mazda have never published the relevant content. At present, the business situation of FAW Mazda is stable, and the products, brands and service measures of 2021 are being promoted in an orderly manner.

In April this year, it was revealed that FAW Mazda, Mazda and Changan Motor are in negotiations, and the three parties plan to merge the business related to the brand of Mazda being carried out by FAW Mazda into Changan Mazda. FAW Mazda also made a negative response to the relevant reports.

In June this year, the Changan Mazda capital increase project was listed on the Beijing property Exchange, and the information disclosure expiration date is August 11 this year. Project information shows that Changan Mazda plans to sell no more than 5% of its shares by way of capital increase, raising funds to improve business quality and optimize industrial layout. After the capital increase of Changan Mazda is completed, the shares held by the new investors shall not exceed 5% (inclusive), and the total shareholding ratio of the original shareholders shall not be less than 95% (inclusive); the proposed new registered capital is 5.8404 million US dollars, and all the funds raised in excess of the new registered capital shall be included in the capital reserve and shall be shared by both new and old shareholders according to their shareholding ratio.

At that time, there were media reports that FAW Group would delist 5% of Changan Mazda's shares, and Changan Mazda's former shareholders Chongqing Changan Automobile Co., Ltd. and Mazda Automobile Co., Ltd. would be diluted in an equal proportion, resulting in the tripartite shareholding of Changan Automobile, Mazda and FAW Group. With the completion of this transaction, the vehicle business of FAW Mazda and Changan Mazda will be merged, Mazda will have only one joint venture company in China, and Changan Mazda's product line and dealer network will be greatly expanded. it is conducive to promoting the development of the cause in China.

In fact, news about FAW Mazda and Changan Mazda has been emerging one after another, especially after the Changan Mazda capital increase project was announced, and FAW Mazda officials rarely respond to market news. This time, Changan Mazda formally submitted an application to the Anti-monopoly Bureau, which confirmed the relevant reports of the market. If the application is approved by the Anti-monopoly Bureau, then FAW Mazda will also formally "withdraw". Of course, whether you can get approval is one thing, as to whether FAW Mazda's models will stop production or import Changan Mazda after the merger, there will be an answer later.

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