SMM Network News: Jianghuai Automobile announcement, the company and Volkswagen China Investment intends to increase capital to Jianghuai Volkswagen. After Volkswagen China Investment and JAC completed the subscription for the new equity of the joint venture company respectively, the total registered capital of the joint venture company increased from 2 billion to 7.356 billion yuan. This capital increase is an important link in the strategic cooperation between the company and Volkswagen China investment. This capital increase is conducive to promoting the strategic cooperation between the company and Volkswagen China investment and promoting the development of the joint venture company.
According to Tianyan data, the proportion of shares held by Anhui State-owned assets Supervision and Administration Commission in Anhui Jianghuai Automobile Group Co., Ltd. is 25.23%.
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