Qingling Motors return to A-share list

It was reported that Qingling Motors is planning to be listed in China's A -share stock market soon, and the two major shareholders of Qingling Motors will make new investments into the JV. However, this has not been officially confirmed by Qingling Motors.

Qingling Motors mainly produces commercial vehicles. Currently, the two major shareholders of Qingling Motors are Qingling Group and Japanese Isuzu Motors. Qingling Motors Group currently holds 1.243616403 billion shares, accounting for 50.1% of the total share while Isuzu holds 0.496453654 million shares, accounting for 40.08% of the total share.

Qingling Group plans to integrate its three auto parts subsidiaries into Qingling Motors while Isuzu hopes to integrate Qingling Isuzu Engine Company into Qingling Motors. The move by the two major shareholders aims to improve Qingling Motors' auto parts business.

Qingling Isuzu Engine Company was established in September 2006, the nominal capital then was 680 million yuan, and its total investment was 1.5 billion yuan; Qingling Motors Group and Isuzu Motors each have a 50% stake in the joint venture company.

In 2006, Qingling Motors recorded an auto sales revenue of 3.218 billion yuan, up 6.3% year on year whereas auto parts sales fell slightly compared to the year earlier to 124 million.