? With the approval of the China Securities Regulatory Commission, Chongqing Changan Automobile Co., Ltd. will issue an additional 150 million A shares through the Shenzhen Stock Exchange System. Changan Automobile will raise RMB 1.1 billion from this additional issuance plan and will mainly invest in “CM8 multi-purpose passenger vehicle projectâ€, “off-site expansion project†and “minor passenger car mold technical transformation projectâ€. Changan Automobile adopts the issuance method of online and offline accumulative bid inquiries for the issuance of this stock. After the shares issued have deducted the preferential distribution of the shareholders of the original public shares (A shares), they will be placed on the Internet and offline under the same proportion of placing. The upper limit of the inquiry range is the arithmetic average of the closing price of the stocks 20 trading days prior to the equity registration date, and the lower limit is 85% of the upper limit. The issuance of new shares to the issuer’s original A-share tradable shareholder was a priority issue. The original A-share tradable shareholder may first subscribe for a ratio of 10:3 shares of the Changan Auto A-shares held after the closing of the equity registration date (August 19). Investors participating in offline purchases are required to pay a purchase subscription deposit of 40% of their subscription amount. Chang'an Automobile is China's fourth-largest automobile manufacturer, and it is also the best-performing company in the automotive listed companies. The company's mid-year report shows that in the first half of 2004, the company's sales revenue increased by 39.65% year-on-year to 10.14 billion yuan, net profit increased by 4.36% year-on-year to 799 million yuan, and the earnings per share was as high as 0.54 yuan. Through the implementation of the issuance of additional issuance projects, the company will build a CM8 production line with 100,000 capacity in the Chang'an Industrial Zone, which will increase the capacity of the Chongqing minibus from the current 200,000 to 300,000. The implementation of the raised projects will further expand the production scale of Changan Automobile, reduce production costs, and consolidate and strengthen the leading position of the mini-vehicle industry, thus forming a decisive scale and technological advantages in the existing competitive landscape of the auto industry and ensuring the future of the company. The rapid growth is of great significance to Changan Automobile's development strategy of "wealth-based, sedan-based". Zhu Zhuohua
Chongqing Changan Automobile Co., Ltd. issued 150 million A shares
? With the approval of the China Securities Regulatory Commission, Chongqing Changan Automobile Co., Ltd. will issue an additional 150 million A shares through the Shenzhen Stock Exchange System. Changan Automobile will raise RMB 1.1 billion from this additional issuance plan and will mainly invest in “CM8 multi-purpose passenger vehicle projectâ€, “off-site expansion project†and “minor passenger car mold technical transformation projectâ€. Changan Automobile adopts the issuance method of online and offline accumulative bid inquiries for the issuance of this stock. After the shares issued have deducted the preferential distribution of the shareholders of the original public shares (A shares), they will be placed on the Internet and offline under the same proportion of placing. The upper limit of the inquiry range is the arithmetic average of the closing price of the stocks 20 trading days prior to the equity registration date, and the lower limit is 85% of the upper limit. The issuance of new shares to the issuer’s original A-share tradable shareholder was a priority issue. The original A-share tradable shareholder may first subscribe for a ratio of 10:3 shares of the Changan Auto A-shares held after the closing of the equity registration date (August 19). Investors participating in offline purchases are required to pay a purchase subscription deposit of 40% of their subscription amount. Chang'an Automobile is China's fourth-largest automobile manufacturer, and it is also the best-performing company in the automotive listed companies. The company's mid-year report shows that in the first half of 2004, the company's sales revenue increased by 39.65% year-on-year to 10.14 billion yuan, net profit increased by 4.36% year-on-year to 799 million yuan, and the earnings per share was as high as 0.54 yuan. Through the implementation of the issuance of additional issuance projects, the company will build a CM8 production line with 100,000 capacity in the Chang'an Industrial Zone, which will increase the capacity of the Chongqing minibus from the current 200,000 to 300,000. The implementation of the raised projects will further expand the production scale of Changan Automobile, reduce production costs, and consolidate and strengthen the leading position of the mini-vehicle industry, thus forming a decisive scale and technological advantages in the existing competitive landscape of the auto industry and ensuring the future of the company. The rapid growth is of great significance to Changan Automobile's development strategy of "wealth-based, sedan-based". Zhu Zhuohua