Securities Times · e company client May 29 news, JAC (600418) announced on the morning of May 29, Anhui SASAC, Volkswagen China Investment, and Jiangqi Holdings signed the Letter of Intent for Increasing Capital of the Company Limited. Volkswagen China Investment will acquire a 50% stake in Jiangqi Holdings through capital increase. After the capital increase, Volkswagen China Investment will hold a 50% stake in Jiangqi Holdings, and Anhui State-owned Assets Supervision and Administration Commission will hold a 50% stake and still control Jiangqi Holdings.
(Originally titled “Jianghuai Automobile: Anhui State-owned Assets Supervision and Administration Commission, Volkswagen China, Jiangqi Holdings, etc. Signing Letter of Intent for Capital Increase”)