Auto & Truck Manufacturers

Loncin Motor Co Ltd to issue shares for stake acquisition and fund raising

Loncin Motor Co Ltd:To issue 35,981,100 A shares at 15.06 yuan per share and cash payment, to Guangzhou-based investment company, in exchange for 75 pct stake in a Guangzhou-based electromechanical company.Transaction price is 637.5 million yuan in total.The company will hold 75 pct stake in the...

Friday, 19 Dec 2014

Xiamen King Long Motor Group Co Ltd amends private placement plan

Xiamen King Long Motor Group Co Ltd:To issue 164,141,414 shares at 7.92 yuan per share through private placement to FJMOTOR, Fujian Investment & Development Group Co Ltd, Fujian Provincial Communication Transportation Group Co Ltd, a Shanghai-based assets management company and Fujian Energy Group...

Wednesday, 17 Dec 2014

Fiat Chrysler Automobiles N.V closes offering of common shares and offering of mandatory convertible securities

Fiat Chrysler Automobiles N.V:Completes the sale of 100 mln common shares, nominal value 0.01 euro per share, and $2,875 mln in aggregate notional amount of its 7.875 pct mandatory convertible securities due 2016.The offerings reflect the exercise in full of the underwriters' options to purchase...

Wednesday, 17 Dec 2014

Geely Automobile Holdings Ltd gives FY 2014 net profit outlook

Geely Automobile Holdings Ltd:Expects FY 2014 net profit to decrease by about 50 pct, as compared with the amount of the net profit of 2.6631 mln yuan for FY 2013.

Tuesday, 16 Dec 2014

Beiqi Foton Motor receives subsidy

Beiqi Foton Motor Co Ltd:Received subsidy of 100 mln yuan from the government, due to plant relocation.Received subsidy of 37,354,900 yuan from the government, for research & development of new energy vehicle and popularization & application of new energy automobile.Received other subsidy of...

Saturday, 13 Dec 2014

China Jialing Industrial Group Co Ltd announces change of accounting auditor

China Jialing Industrial Group Co Ltd:Appoints BDO CHINA SHU LIN PAN CERTIFIED PUBLIC ACCOUNTANTS LLP as corporate auditor for 2014 to replace WUYIGE Certified Public Accountants LLP.

Saturday, 13 Dec 2014

CFAO SA creates joint venture in Nigeria with Yamaha Motor Co Ltd

CFAO SA:Partners with Yamaha Motor Co Ltd to manufacture and distribute motorcycles through a joint venture company in Nigeria.Says the joint venture will be owned at 50 pct by CFAO SA and 50 pct by Yamaha Motor Co Ltd.Says the new company will be named CFAO Yamaha Motor Nigeria Ltd. (CYMNG).Says...

Friday, 12 Dec 2014

CFAO SA creates joint venture in Nigeria with Yamaha Motor Co Ltd

CFAO SA:Partners with Yamaha Motor Co Ltd to manufacture and distribute motorcycles through a joint venture company in Nigeria.Says the joint venture will be owned at 50 pct by CFAO SA and 50 pct by Yamaha Motor Co Ltd.Says the new company will be named CFAO Yamaha Motor Nigeria Ltd. (CYMNG).Says...

Friday, 12 Dec 2014

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