SAIC Group's overall listing finalized
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A few days ago, SAIC Motor’s overall listing plan formally announced that Shanghai Automotive, Shanghai Volkswagen, SAIC Motor, South Korea's Ssangyong and other vehicles worth 19 billion yuan were all injected into GSAIC (600104), and SAIC achieved overall listing. This is the second overall listed auto giant following Dongfeng. G. SAIC will increase the issuance of 3.275 billion shares to its parent SAIC, add 15 non-key parts and components companies, and acquire the assets of 16 companies under SAIC. After the assets are consolidated, SAIC Motor will become the largest automobile stock with market capitalization.
View related topics: SAIC commercial vehicle expansion