Five large Chinese automakers eye integrated listing of A-shares

After Weichai Power (000338 ) and Shanghai Automotive  (600104), the other five large Chinese automakers are mulling over integrated listing of A-shares by the end of 2008.

They are FAW Group Corporation, Beijing Automotive Group, Dongfeng AutomobileGroup, Sinotruck Group and Guangzhou Automobile Industry Group. Besides the five large auto-manufacturing groups,Wanxiang Qianchao Co., a leading auto parts supplier is also eying a listing of the entire firm. All six will release the potential as the auto-linked concept stocks always lead as high-risers of the whole stock market.

At present, the FAW group has four subsidiaries traded on the A-share stock market. The possible way for FAW Group to achieve an integrated listing is to base the FAW Car Co., the assets of FAW-Volkswagen Automobile Co. and FAW Jiefang Automobile Co. listed separately, absorbing other subsidiaries at the proper time later.

As per Guangzhou Automobile, H-shares turning into A+H shares or go on listed together with A-shares are all possible choices, also including overseas listing.

Beijing Auto and Dongfeng Auto may choose to integrate the whole group on absorbing the assets. Whilst Wanxiang Qianchao may overtake its subsidiaries to get listed.