The second half of this year may be an exciting time when several listed companies such as Changan Automobile, China Jialing, ST Qingqi and Jianshe Motors may undergo a series of major adjustments or changes. If nothing goes wrong, this will be a major step in the reorganization of the resources of the listed companies of the Armed Forces Group. A series of actions such as restructuring, overall listing, and asset injection will run through.

Reorganization and integration are on the line

In fact, the Bingzhuang Group reorganized its listed companies and injected high-quality assets, not groundless, but a promise made by the group long ago. In November last year, ST Qingqi implemented a share reform and resumed trading. In the share reform plan, Bingzhuang Group proposed that within 24 months from the first trading day after the completion of the share reform, an asset restructuring plan for injecting high-quality operating assets into the company or replacing related assets should be proposed to the general meeting of shareholders. According to this statement, November 5 next year will be the final time limit.

This confirms that on June 30, Chongqing Municipal Party Committee and Executive Deputy Mayor Huang Qifan and Bingzhuang Group’s Deputy General Manager and Southern Motors General Manager Yin Jiaxu attended the land reserve signing ceremony of Chongqing Huxi Electric Plant and revealed that China North Industries The group company is currently planning to promote a new cooperation with our city. In the second half of this year, the Ordnance Equipment Group will integrate its three major motorcycle manufacturing enterprises, including China Jialing, Jianshe Motors and Jinan Qingqi, to form the largest group company in China's motorcycle manufacturing industry. .

"The headquarters of this motorcycle group will be located in Chongqing." Huang Qifan said that by then the city will become China's largest motorcycle industry base. Together with the city's existing private motorcycle companies, it is estimated that the annual output of motorcycles will be tens of millions. Vehicles.

Obviously, the news from the two channels has confirmed one thing together. The time window for the Bingzhuang Group to integrate its listed companies is likely to be the second half of this year.

Three companies collectively clarify

What is interesting is that Jialing, Jianshe and Jinan Qingqi respectively issued clarification announcements after the news of "the formation of China's largest motorcycle group" came out.

China Jialing stated that there will be no undisclosed or other intentional agreements or negotiations that should have a significant impact on the stock price within the next three months. However, the announcement does not rule out the possibility of major restructuring or other asset injections after October this year.

ST Qingqi said that there is currently no specific plan and specific promotion schedule for the share reform commitment of the Armed Forces Group.

In the clarification announcement, Jianmo B clearly admitted that the controlling shareholder, China South Industries Group Corporation, has the intention to concentrate and optimize its motorcycle resources, but there is no specific implementation plan and timetable for advancement, and there is still uncertainty in integration during the year.

Intriguingly, on July 1, China Southern Industrial Automobile Co., Ltd., a subsidiary of the Armed Forces Group, officially changed its name to "China Changan Automobile Group Co., Ltd.", which includes more than 20 ordnance units including Changan Automobile Co., Ltd. and Qingshan Transmission. The super-large automobile group of the group's vehicle and parts companies has total assets of more than 51 billion yuan.

Previously, a listed company confirmed that the Bingzhuang Group really has the intention to integrate motorcycle resources. Later, China Southern Automobile, which has been eager to go public as a whole, has changed its name. The listed company started a "major operation."

Three Ideas of Reorganization Route

There are indications that the road map for the reorganization of the Military Equipment Group is basically clear, and it is entirely possible to make bold assumptions about this.

First of all, Bingzhuang Group will definitely optimize and integrate its motorcycle resources. Among the three motorcycle listed companies in China Jialing, ST Qingqi and Jianmo B, China Jialing is undoubtedly the most likely platform for asset integration. The reason is simple. China's Jialing has the highest popularity and reputation, and has established factories in Brazil, Indonesia, Colombia and other places to expand its global layout. In the current trend of B-share repurchase and return to A-shares, the possibility of Bingzhuang Group injecting other assets into Jianmo B is very slim. As for ST Qingqi, Bingzhuang Group has promised to inject high-quality operating assets or replace related assets for asset reorganization. Under the situation that Bingzhuang Group clearly wants to locate its motorcycle headquarters in Chongqing, it is obviously impossible for ST Qingqi to inject motorcycle assets. .

It can be boldly expected that the Bingzhuang Group will reorganize its subsidiaries Jialing, Jianshe and Jinan Qingqi, and inject the motorcycle assets of the three companies into Jialing, China. It is not impossible for the company to even change its name to "Bingzhuang Motors".

Secondly, China Southern Automobile, which has been seeking to go public overseas without success, has been re-launched after being renamed China Changan Automobile Group.

In fact, before the name change, from June 23 this year, Changan Automobile began to repurchase B shares on a large scale. By July 2, Changan Automobile repurchased 423 million B shares. Changan Automobile’s largest shareholder, Southern Automobile Changan Automobile's shareholding ratio rose to 55.63%, achieving absolute control. Obviously, after the completion of the repurchase and the realization of absolute control, the announcement of the name change of China Southern Automobile has laid the groundwork for the overall listing of China Changan Automobile Group in the future.

Another possibility is that if China Southern Automobile fails to go public as a whole, the renamed China Southern Automobile will inject the entire assets of the new Changan Group into the listed company Changan Automobile, and borrow the shell resources of Changan Automobile through the repurchase of the parent company’s assets by Changan Automobile. , Allowing China Changan Automobile Group to achieve overall listing.

As for the other shell resource ST Qingqi that is vacated after the motorcycle assets are injected into China's Jialing, the Ordnance Equipment Group can inject other high-quality assets, such as new energy and even military products.