SAIC will list 50 billion yuan globally next year to integrate Shanghai GM Shanghai Volkswagen

SAIC Motor is reportedly in the final stages of preparing for an overseas listing, including legal compliance, accounting procedures, and asset appraisals. The company has been in active discussions with four major investment banks and has made detailed arrangements for its IPO underwriting. While earlier rumors about the group's overall listing plan had faded, recent developments suggest that the project has entered a critical phase. Hu Maoyuan, president of SAIC Motor, initially outlined "three options" for the listing strategy at the start of the year but remained silent on specific details. According to insiders, the general plan for the SAIC Group’s listing is nearly finalized, with the company aiming to launch dual IPOs in Hong Kong and New York in July of next year. The target fundraising amount is set at 50 billion yuan (approximately 6 billion U.S. dollars), with 2 billion expected to be raised in Hong Kong. The underwriters have also been selected, with BOC International, Deutsche Bank, Merrill Lynch, and Morgan Stanley handling the global IPO. However, when asked about these key details, SAIC spokesperson Xue Hao declined to comment, stating that the information was “not clear.” The pressure on SAIC to raise capital has intensified due to its aggressive expansion plans. The company has made several high-profile investments this year, including acquiring a 10% stake in Daewoo Motors and integrating Isuzu Motors' operations in China. Additionally, the acquisition of Ssangyong Motor from South Korea, which could cost up to 500 million U.S. dollars, is another major financial commitment. SAIC’s expansion also includes a strategic partnership with British Rover, further highlighting the need for an overseas financing platform. Sources indicate that the Shanghai municipal government and regulatory authorities are supportive of the listing, and even if the fundraising falls short of expectations, the group may still receive policy subsidies. Investors are closely watching which assets will be included in the listing. Currently, SAIC operates seven automakers, 61 suppliers, and one listed subsidiary—Shanghai Automotive (600104.SH). The inclusion of joint venture shares, especially those of Shanghai GM and Shanghai Volkswagen, remains a point of concern due to potential conflicts of interest with foreign partners. Analysts suggest that while the overseas listing may not immediately impact Shanghai Automotive’s performance, it could significantly affect its long-term valuation. If high-quality assets like Shanghai GM are transferred to the overseas entity, the injection of such assets into Shanghai Automotive may become less likely, reducing its growth potential. Despite the uncertainty, Shanghai Automotive remains a popular blue-chip stock among institutional investors. Fund holdings increased sharply in the second quarter, reflecting cautious optimism amid market volatility. As the overseas listing progresses, fund managers are expected to reassess their strategies, adjusting their industry allocations accordingly. Overall, SAIC’s overseas listing is shaping up as a major event in the global capital market, with far-reaching implications for both the company and its domestic stakeholders.

Carbide Punches

Carbide Punches,Tungsten Carbide Punches, Carbide Punch and Die, Carbide Stamping Dies

Dongguan Hao Chen Precision Industry Co., Ltd. , https://www.howmolds.com