After 8 years of hard work, Guangzhou Automobile Group Co., Ltd., China's most competitive automaker, successfully landed on the main board of the Hong Kong Stock Exchange on August 30. Its H shares were officially listed and began trading. Investment was active, and the stock price rose 2.1% throughout the day. At this point, the Guangdong Automobile Group Army represented by GAC took the lead in taking a solid international pace in the capital market.
At the H-share listing celebration of the Guangzhou Automobile Group held in Hong Kong last night, Vice Governor Song Hai said that the successful landing of the H-share of the GAC Group to achieve an overall listing is a new achievement of Guangdong Province's active promotion of the reform of the state-owned enterprises' shareholding system and the diversification of equity. Guangdong will also continue to promote the strategic transformation of the state-owned economy and support more enterprises to enter the capital market. Guangzhou Mayor Wan Qingliang said that the Guangzhou Automobile Group has become the largest car manufacturer in China from 13 years ago, and has become the “South China Tiger†of the automobile industry, which has changed the domestic automobile industry's emphasis on the south. .
Li Guikang, deputy director of the Liaison Office of the Central Government in Hong Kong, also said that he will support the development of Chinese-funded enterprises including the Guangzhou Automobile Group in Hong Kong and promote a new round of exchanges and cooperation between Hong Kong and the Mainland.
Overall listing and internal integration go hand in hand
The stock code of the Guangzhou Automobile Group on the Hong Kong Stock Exchange is "2238", and trading is active on the first day of listing. The closing price is HK $ 9.19 per share, an increase of 2.1% from the opening price of HK $ 9 per share. The GAC Group's share capital reached 6.148 billion shares, with a market value of approximately 56 billion Hong Kong dollars, ranking third among mainland auto companies, second only to A shares of Shanghai Automobile and H shares of Dongfeng Group.
Guangzhou Automobile Group successfully achieved the overall listing in the form of introduction after privatizing Junwei Automobile Co., Ltd. (0203.HK) by agreement arrangement. Zhang Fangyou, chairman of the Guangzhou Automobile Group, said yesterday that the Guangzhou Automobile Group's move created a precedent for Hong Kong's capital market and will become a landmark case for Guangdong enterprises entering the capital market.
"Achieving a leap from asset management to capital operation is GAC's goal. This time GAC Group has realized two steps of enterprise integration and overall listing and taking one step at a time." Zhang Fangyou said, H shares will build a bigger Financing platform and promote corporate governance to lay the foundation for its long-term development.
Will actively develop its own brand
Since 2002, the overall listing concept was proposed, and GAC experienced 8 years of efforts for this. However, after determining the backdoor Junwei Automobile in 2010, it took only about 7 months from the application on January 19 to the announcement of the plan on May 19, and then on the official listing.
GAC is recognized as one of the most profitable automobile companies in the domestic industry. Its operation has remained stable and its annual sales income has exceeded 100 billion yuan. Its affiliates GAC Honda and GAC Toyota are even more benchmarking.
In the past two years, Guangzhou Automobile has also expanded its territory in a large scale. While establishing joint ventures and having good cooperative relations with world-renowned automobile manufacturers such as Honda, Toyota, Hino, Fiat and Mitsubishi, it has also established an independent independent brand passenger car company. . The diversified product portfolio produced is widely recognized, among which the production and sales volume of high-end cars ranked first in the domestic mid-to-high-end cars market from 2007 to 2009.
Zhang Fangyou said yesterday, "Guangzhou Auto will continue to adhere to the Group's stable business strategy. In addition to continuing to do well with the existing joint venture brands with partners, it will also actively develop its own brand, open up a broader development space, and continuously improve the company. the value of."
It is understood that on September 3, Guangzhou Automobile's own brand passenger car factory will be completed, and the first mid-to-high-end sedan, Chuanqi, will also be off the assembly line.
The above information source "Venture Investment" is authorized by the China Venture Capital Research Institute (CVCRI) to publish it. All rights reserved. Please indicate the source when reprinting. For more information, please click download to view all articles.
For more information, please refer to Guotaian Financial Education Group Guotaian Education Service Network Contact Phone 400-609-6665 800-999-3099
E-mail:
Hydro Aqua Peeling Beauty Face Equipment,Oxygen Facial Equipment,Hydra Machine Peel,Led Light Facial Machine
Xi'an Double H Health Technology Co., Ltd , https://www.xadoubleh.com