Baic shares listed Xu chairman

Liu Xia North Automobile Group is a step closer to the target of listing.　　Beijing Motor Corp. (hereinafter known as "Baic") was formally set up yesterday, but at the same time, Xu, chairman of Beijing Automotive Industry Holding Co. Ltd. (hereinafter "BAIC"), told reporters that Baic's final listing was expected to take about two years. Baic's shares are made up of 6 shareholders, with the exception of Baic holding a 51% per cent ratio as a controlling shareholder, Shougang Corporation has become the second largest shareholder in 18.31% of the shares, with Beijing state-owned company, Hyundai Innovation Holding Company and Beijing Energy Group Holding 13.18%, 7.75% and 4.76% respectively.　　Beijing Sasac directly under the investment and financing platform-Beijing state-owned Capital Management Center also shares 5%. Each promoter to equity, physical assets or cash contributions, net assets reached more than 10 billion yuan, equivalent to 5 billion yuan equity.　　Xu will be chairman of Baic, Vice general manager of North Auto holding Han Yonggui as general manager. Baic shares officially listed at the same time, Baic yesterday officially changed its name to Beijing Automotive Group Co.　　The move marks the company's share reform has been successfully completed, the listing is imminent.　　Capital market is the domestic automobile enterprise group bigger and stronger powerful thrust, SAIC borrow capital market force has succeeded in the domestic other automobile enterprise group to leave behind. Competitors in the capital market to find a place in the grim situation, ranked "four small" the first Baic landing capital market to broaden the heart of the financing channel is equally urgent.　　But yesterday Xu frankly, the North automobile holding listed is not an overnight, it takes two years, before the official listing, BAIC will mainly through targeted additional, access to private equity funds to raise capital-type capital. Yesterday, Baic officially announced the "Twelve-Five" plan. By 2015, strive to enter the world's top 15 automotive industry, into the world's top 500.　　In 2010 to 2014 will be launched 20 new independent brand passenger car models, comprehensive coverage from the A0 level to the C-Class sedan, light heavy off-road vehicles and cross-type car products line. Its own brand passenger car in the 2015-year plan to achieve production and sales volume of 700,000, into the independent brand of auto production Enterprise first camp, the further future will occupy the independent brand 50% of the market share.