Changan Peugeot Citroen shares to be transferred to Changan Motor

Changan Automobile (000625.　　SZ) September 8 announced that the controlling shareholder of China Changan Automobile Group pledged to the joint venture Changan Peugeot Citroen Automobile Co., Ltd. was put into production, the proposal will be held in all the joint venture shares to Changan Automobile, in order to avoid peer competition.　　At the same time, Chang ' an also pledged to inject two enterprises into Changan automobile under the circumstances of two consecutive years of profitable, sustainable development and improved management. December 2009, Changan Automobile Actual control person China Southern Industry Group Company and China Aviation industry Group company Carry on the automobile industry reorganization, China Aviation industry Group company in the way of free transfer, the subordinate Changhe automobile 100% 's equity and Harbin Steam Group 100% 's equity transfer into the company's controlling shareholder China Changan.　　July 9 This year, 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. In addition, Changan automobile in another announcement, said that the company from Chongqing Changan Industry (group) in the hands of the trademark valuation range of 150 million yuan ~2.0 billion.　　The final price will be determined by the relevant state regulations and approved by the transferring Party's superior competent authority and the approval of the transferee's board of directors. Changan Automobile announced earlier, in order to improve the integrity of the company's assets and reduce related transactions, the company intends to transfer trademark owners Chongqing Changan Industrial Group signed the Agreement on the transfer of trademarks, by the company as the only assignee of Changan group, by the company's products and services of Changan group related to the trademark ownership.　　The two sides will complete the above formalities before June 30, 2011. Chang ' An auto yesterday rose 2.8% to 11.76 yuan.