Jianghuai Automobile and Ankai Bus also announced the suspension of major asset reorganization at the same time on April 15. It was announced that Jiangqi Group intends to achieve overall listing through major asset restructuring. The company's shares have been suspended from April 15, 2014 and the suspension has not exceeded 30 days. This news marks Jianghuai again taking a big step in the capital market, and the overall market has entered a countdown.
According to Feng Liangsen, secretary of the board of directors of Jianghuai Automobile Co., Ltd., Jiangqi Group is preparing for the overall listing work. Due to the assets auditing and evaluation of two listed companies including Jianghuai Automobile and Ankai Bus, and the consolidation of legal documents, these tasks require a lot of time. The suspension period may be up to several months. According to sources close to Jianghuai Automobile, the overall listing of Jiangqi Group will begin in the second half of the year, and the “one-for-one†model may be adopted. That is, using JAC as a platform to absorb and integrate Ankai bus to achieve overall listing.
Prior to this, Jianghuai Automobile had just announced that in the face of the new development trend and competitive environment of the current auto industry, the “12th Five-Year Plan†strategy was adjusted according to its own reality, and its sales target was lowered from the previous 1.6 million to 700,000 units. . While reducing the scale of production and sales, Jianghuai Automobile also made adjustments to future market strategies. In the field of passenger vehicles, the market advantage of MPV is further added. In the car sector, the “platformization†strategy is adopted to further reduce costs and increase profits.