JAC Overall Listing Market, Expected Initialed Next Half Year

   Date:2014/01/13

As reporter known from Industry Economy Association of Anhui Province, JAC Group overall listing shall be initialed next half this year. "We will adopt 1 plus 1 mode" inner staff told media.

As it known, Anhui State-owned Assets Supervision and AdministrationCommission (hereinafter referred to as SASAC) positive to introduce JAC Group listed to market, and introduce BOC Construction Investment as strategic investor. At present, it organizes relationship among differentshareholders of JAC.

JAC owns two market listing platforms, which are JAC and Ankai Bus. Besides two market listed companies, JAC asset includes directly owned branches such as special automobiles, gear transmission, heavyengineering machinery etc. It already forms 5 business modules such as commercial car, passenger car, bus, accessories and automobile services. Its majority products take advantages in each segment. Chassis of 6 to 9 meters bus sales keepindustry-leading for 20 years. Light pickup sales are ranked no.2 in China, and exported volume keep no.1 for 10 years in China. Bus sales are ranked top 5.

As for export, JAC is obvious industry leader. Its products are exported to South America, Europe, Africa and Asia etc., and build relationship with more than 100 countries and own almost 100 4S shops overseas. Besides, JAC owns 13 KD plants, forms commercial-passenger car development together international market structure. In 2012, JAC exports 59.4 thousand cars. And in the first 10 months of 2013, JAC exports 51 thousand cars.

According to JAC plan published before, the company works for 1.6 million sales in "12th Five Year Plan" period of China. Sales capital income shall reach 100 million Yuan. Taking 5- 10 years, building JAC as an international competitive Chinese automobiles company. As for JAC, make JAC as one group to list market is one of important strategically work for "12th Five Year Plan".

Some researcher told reporter, JAC going market as one group may adopts overall listing plan similar with FAW Group used before. Compared with profit ability of two companies, it is more possible for JAC launching market as integration platform, which will merge and digest Ankai bus.

Source:gasgoo

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