·Guangzhou Fund 6 billion shares in the Guangzhou Automobile Group

The latest announcement by the A-share listed company GAC Group showed that after the completion of the 15 billion yuan increase project, the total share capital increased to 7.281 billion shares. Among the five targets participating in this fixed increase, there are Guangzhou state-owned enterprises. In addition to the Guangzhou Fund, the other four are Guangzhou Guofa and Guangjin Asset Management's Guangjin Preferred No. 3 Fund, Guangzhou Light Industry and Suiyu Holdings. Among them, the Guangzhou Fund spent 6 billion yuan this time, won the 5.95% stake in Guangzhou Automobile Group (excluding H shares), and became the second largest shareholder. This is also a large investment project of the Guangzhou Fund in recent years.
The data shows that GAC Group's non-public offering of no more than 741 million shares, the total amount of funds raised is not more than 15 billion yuan, is intended to invest in 10 projects in new energy and forward-looking technology, factories and models and key components. Among the above five major growth targets, Guangzhou Fund subsidiary Huiyu Tianyue subscribed for 301 million shares for 6 billion yuan, Guangzhou Guofa and Guangjin Asset Management's Guangjin preferred No. 3 fund plans to subscribe for 151 million shares each for RMB 3 billion. . Guangzhou Light Industry and Suiyu Holdings intend to subscribe for 75.33 million shares each for 1.5 billion yuan. After the completion of the issuance, GAC Group expects to hold a shareholding ratio of 54.41%, which remains the controlling shareholder of the company. Huiyu Tianyue holds 4.14% of the shares and becomes the second largest shareholder of Guangzhou Automobile Group. If only A shares are calculated, the shareholding ratio of Huiyu Tianyue is 5.95%.
Since the beginning of this year, many local governments have introduced mixed-reform programs and become an important “entry” for local financial platforms to participate. The “secondary mixed reform” of Guangzhou state-owned enterprises has become the focus of the market. It is reported that the current Guangzhou fund has been hand in hand with a number of city-owned state-owned enterprises, and the layout has been mixed.

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