AutoBeta(AutoBeta.net)05/30 Report--

On May 28, Jiangling Automobile Group Co., Ltd. and Chongqing Chang 'an Automobile Co., Ltd. jointly established Nanchang City Jiangling Investment Co., Ltd., each of which subscribed 500 million yuan to 50% of the shares.

Nanchang City Jiangling Investment Co., Ltd., the company's business scope includes investment management, industrial investment and asset management. The legal representative is Qiu Tiangao, Secretary of the Party Committee and Chairman of Jiangling Group. The registered capital of the company is about RMB 1 billion yuan.

As early as 2004, Changan Automobile and Jiangling Automobile jointly invested and established Jiangling Holding Co., Ltd. However, Jiangling Holdings is not Jiangxi Jiangling Holdings Co., Ltd.(hereinafter referred to as "former Jiangling Holdings") in the original sense. The original Jiangling Holdings was a joint venture jointly funded by Chang 'an Automobile Co., Ltd. and Jiangling Automobile Group Company in October 2004 with an equal share ratio of 50:50.

The original Jiangling Holdings was divided into newly established companies, Nanchang City Jiangling Investment Co., Ltd. and Jiangling Holdings (existing company).

In addition, Aichi Automobile will become the largest shareholder of Jiangling Holdings in the form of purchasing 50% equity, so as to obtain the qualification of new energy production and realize production.

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