Mar 02 - FAW Group Might Complete Overall Listing This Year

Source: 21st Century Business Herald

+       The First Automobile Workshop (FAW) Group has been injecting equities from 15 level-3 subsidiaries into FAW Car Co., Ltd. According to the plan, the equity transfer should be completed by the end of February. It is believed to be likely that the FAW Group will complete overall listing this year.

+       After the equity transfer, a number of assembling lines and auto parts plants with high asset quality, such as FAW-Volkswagen and FAW-Toyota, have been included in the FAW Car’s asset structure. For example, a 60% stake in FAW-Volkswagen held by FAW Group has been injected into FAW Car. Therefore, when the overall listing takes place, FAW-Volkswagen and FAW-Toyota’s revenues are likely to be consolidated with the listed company’s financial statement.

+       Related Data: Sales Volume of FAW Group- Passenger Car/ Tianjin FAW Xiali/ FAW Car Co., Ltd./Tianjin/ FAW Toyota, FAW-Volkswagen, Market Share of Passenger Vehicles

FAW-Volkswagen and FAW-Toyota are major contributors to the Group’s sales

FAW’s passenger car market share has decreased although sales have grown. The group’s listing might give it more funds to compete with other passenger car makers

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n FAW Group Might Complete Overall Listing This Year
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