AutoBeta(AutoBeta.net)05/31 Report--

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I learned from the domestic media that Changan Automobile and Jiangling Motor jointly invested 1 billion yuan to establish Nanchang Jiangling Investment Co., Ltd., the main business scope includes investment management, industrial investment, asset management and so on. Qiu Tiangao is the legal representative of the company. In terms of shareholding ratio, Jiangling Automobile Group Co., Ltd. and Chongqing Changan Automobile Co., Ltd. each held 50% of the shares and subscribed 500 million yuan.

On May 27th, the registered capital of Jiangling Holdings Co., Ltd. changed from 2 billion yuan to 1 billion yuan, and the capital contribution of Jiangling Automobile Group and Changan Automobile, the two shareholders of the company, was reduced by 50% respectively. Earlier, Changan Automobile announced that the company's joint venture Jiangling Holdings plans to introduce a strategic investor with a 50% equity increase through a public listing to increase its capital and shares, that is, the newly built car company Aichi Automobile.

In addition, Aichi will become the largest shareholder of Jiangling Holdings in the form of buying a 50% stake, thus obtaining the latter's qualification for new energy production to put into production. Aichi Automobile Co., Ltd. received a strategic investment of 1 billion RMB from Mingchi Fund on May 28th.

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