Dongfeng Sokon (Chongqing Yu'an) - Page 22 - China Car Forums
chinese cars - china car forums, chery, geely CCF - The Chinese Car Community China Car Forums - Zhonghua Junjie
Home :: Forums  :: Manufacturers :: Articles :: About Us :: Vendors :: Analysis Reports

Go Back   China Car Forums > Chinese Car Manufacturers > Dongfeng Motor (DFM) is the premier Chinese Car Forum on the internet. Registered Users do not see the above ads.
Thread Tools Display Modes
Old 04-03-2020, 02:34 AM   #211
Join Date: Nov 2013
Posts: 7,682
Default Re: Share swap

Originally Posted by dmitra View Post
Chongqing Sokon Industry Group Co., Ltd., which owns 50% of the joint venture Dongfeng Sokon Automobile Co., Ltd. (DFSK), is acquiring the other 50% stake in the JV from Dongfeng Motor Group Corporation Ltd. (DFMC), which will make DFSK a wholly-owned subsidiary of Chongqing Sokon Industry Group Co., Ltd.

In return, DFMC will be offered a 26.01% shareholding in Chongqing Sokon Industry Group Co., Ltd., which is listed on the Shanghai Stock Exchange. Currently, 60.2% of Chongqing Sokon Industry Group Co., Ltd. is held by Chongqing Sokon Holdings Co., Ltd., a holding company of the Sokon Group. The Sokon group is controlled by Forbes-listed billionaire Zhang Xinghai of Chongqing's better-known Zhang family (not to be confused with the namesake Zhang family, also of Chongqing, that controls Yinxiang group).
The above swap has been completed (the plan was temporarily suspended in July 2019). DFSK is now a wholly owned subsidiary of Chongqing Sokon Industry Group Co., Ltd. In exchange, Dongfeng Motor Group has got a 30.95% stake in Sokon Industry Group, while Zhang Xinghai's share (via Chongqing Sokon Holdings Co., Ltd. and Chongqing Yu'an Automobile Industry Co., Ltd.) comes down to 46.01%.
dmitra is offline   Reply With Quote
Sponsored Links
Sponsored Links

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -5. The time now is 02:24 PM.

Powered by vBulletin® Copyright ©2000 - 2020, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.