Changan automobile holding shareholder promises future injection of assets such as Changhe automobile

NetEase Financial September 8, Chang ' an auto Wednesday announcement said, in order to peer competition or potential peer competition, the company's holding shareholder China Changan Promise Future will inject Changhe automobile and Harbin Steam collection and other assets. The announcement shows that in order to avoid the company and the controlling shareholder of China Changan between a certain degree of peer competition or potential competition, and better safeguard the interests of the company's investors, China Changan issued the "China Changan Automobile Group Co., Ltd. to inject Changhe automobile and Harbin Steam Group into Changan automobile commitment letter", Commitment in Changhe Automobile and Harbin Steam Group are two consecutive years of profit, with the continuous development ability and the management level obviously promotion, the proposal will inject two enterprises into Changan automobile, and also issued the "China Changan Automobile Group Co., Ltd. to inject the joint venture into Changan automobile Commitment letter", the commitment to the joint venture project completed and put into production,　　It is proposed to transfer all the shares of the joint venture company to Changan Automobile. It is unclear when the injection will be injected, and the rise in earnings for listed companies cannot be predicted. However, asset injection will certainly improve the valuation of Changan cars to some extent. BOC International believes that the annual performance will still be significantly improved in 2010, when the reduction in the value of this part is significantly reduced.　　Earnings forecasts, which maintain a 1.00-dollar earnings per share of the year, maintain a buying rating because the company's share price is low.　　On the same night, Changan Automobile also issued a notice that the company (the transferee) and Chongqing Changan Industrial (Group) Limited Liability company (the transfer) of the trademark transfer work recently made positive progress, both sides agreed that the transfer of trademark pricing interval of 150 million yuan-200 million yuan. Background: December 2009, according to the national "auto industry adjustment and revitalization plan" on the promotion of auto mergers and reorganization and further optimize the strategic layout of state-owned economy, the company's actual control of China Southern Industrial group and China Aviation Industry Group Corporation for the restructuring of the automobile industry, China Aviation industry Group company in the way of free transfer to the subordinate Jiangxi Changhe Automobile Co., Ltd. ("Changhe car") 100% of the equity and Harbin Hafei Automobile Industry Group Limited ("Harbin Steam Group") 100% Equity transfer into the company's controlling shareholder China Changan Automobile Group Co., Ltd. ("China Changan"). July 9, 2010, China Changan and Harbin Automobile Group original partner of France Peugeot Citroen Automobile Co., Ltd. signed the joint venture contract, decided to set up Changan Peugeot Citroen Automobile Co., Ltd.