Changfeng Motor suspension Guangzhou auto-speed acquisition

If no accident, the previous gossip-ridden "Xiang sister" Changfeng car (600991) is about to marry into Guangzhou Automobile Group Co., Ltd. (hereinafter: GAC). Changfeng Motor issued a notice last night, received the holding shareholder Changfeng (Group) Limited liability company (hereinafter said: Changfeng Group) Notice, Changfeng Group intends to reorganize assets, and signed a major agreement, the agreement on the content of the company's ownership structure of major changes and other related matters. Changfeng motor suspension, the latest in the May 26 announcement of the information and the card. Changfeng Motor yesterday did not approve of the reorganization of the object.　　But according to the reporter understands, the reorganization Square is Guangzhou automobile. GAC in the national three in accordance with the April release of the automotive industry Revitalization plan full text, the state has made a clear deployment for the first time to promote mergers and acquisitions-"to encourage FAW, Dongfeng, SAIC, Changan and other large auto enterprises to carry out mergers and acquisitions nationwide, to support auto companies such as Baic, Guangzhou, Chery, and heavy vehicles to implement regional mergers and acquisitions." "It is understood that the current line in the fifth canton has been hoping to be among the top three of domestic car companies, in recent years has been seeking its complementary advantages of restructuring objects." Guangzhou auto is longer than cars, and shorter than SUVs and other off-road vehicles, and Changfeng has many years of experience in the production of off-road vehicles, there is overcapacity problem.　　In addition, Changfeng car shell Resources for the market frustration of Guangzhou, is also "sweet cakes." It is reported that Guangzhou Auto restructuring Changfeng Motor is to acquire a partial stake in the latter, including Japan's Mitsubishi owned Changfeng Motor 14.59% stake. The former Changfeng has been hoping to increase the share of Mitsubishi, and hopes to produce Mitsubishi's car models. See the relationship between Mitsubishi and southeast increasingly close, Changfeng car will be thrown to the capital of the strength of Guangzhou Auto. At present, Guangzhou auto industry is the most profitable car companies.　　It is reported that Mitsubishi's current attitude is not clear.　　To control the price of the purchase there have been news that the auto restructuring of Guangzhou Auto and Changfeng will be signed at the end of the month, and Changfeng Motor rushed to release the reorganization information, mainly Guangzhou auto to control the purchase price. The CSRC stipulates that the purchase price between enterprises is 90% of the average price in the 30 days prior to the formal announcement of the purchase. Previously, the news of the restructuring of the rumors, such as factors, Changfeng motor recently rising share prices. Changfeng Motor from April 29 's minimum of 8.99 yuan/share, rose to May 13 of the maximum of 13.4 yuan/shares, less than 10 trading days in the rise of more than 50%. Yesterday, Changfeng's car closed at 11.09 yuan, rising 3.84%.　　"GAC must act quickly to make its purchase cheaper," the industry analysts.　　According to reports, Hunan provincial Government of the automotive industry decision-making high level 17th met with GAC Group general Manager Zengqinghong Line, that afternoon had gone to Beijing, said the destination is the national Development and Reform Commission. According to the forecast, according to the current Changfeng automobile stock price, Guangzhou Auto will invest 2 billion-3 billion yuan to buy and. "It's a good deal to buy a Changfeng car at this price," he said.　　"Insiders believe. If the reorganization succeeds, Guangzhou Auto and Changfeng will also become the upper-South cooperation, Dongfeng acquisitionHafei, Changan acquisition Hafei Changhe, the domestic two years after the reorganization tide set off the fourth reorganization event. It is understood that the current successful restructuring of only the South cooperation.