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The transaction announcement was suddenly withdrawn. Did a small shareholder accidentally leak the listing progress? GAC Aion: It has nothing to do with the IPO

2024-08-07

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Recently, the Beijing Equity Exchange issued an investment promotion announcement for the "GAC Aion New Energy Automobile Co., Ltd. (hereinafter referred to as "GAC Aion") equity transfer". The investment promotion entity is China Cinda Asset Management Co., Ltd. (hereinafter referred to as "China Cinda"), and the reference price column shows "negotiable". However, the announcement did not mention the proportion of GAC Aion's equity to be transferred, nor the requirements for the identity of the investor.

Tianyancha information shows that among all shareholders of GAC Aion, GAC Group and its subsidiary GAC Passenger Vehicle hold approximately 64.89% and 12.00% of the shares respectively, and the shareholding ratios of the remaining shareholders are all below 4%.

However, what really attracted market attention was not this equity transfer event, but the statement in the announcement that "GAC Aion is preparing for an IPO on the Hong Kong stock market in the near future, and all preparations for the listing are currently proceeding as scheduled."

Although the disclosure deadline of the announcement is January 22, 2025, when checking the official website of Beijing Property Rights Exchange on the afternoon of August 7, it was found that the announcement was no longer visible.

We immediately contacted the Beijing Equity Exchange, and the staff said that the announcement number starts with TJ, which represents an investment promotion project. If the disclosure is suspended, the relevant information will not be available, but there is currently no way to disclose the specific reason for the suspension of disclosure.

When the outside world was discussing the progress of its IPO, GAC Aion responded to the media that the equity transfer was an asset disposal process within the company's "indirect" shareholders and had no direct relationship with the Hong Kong stock IPO. The company information in the equity exchange announcement was submitted by China Cinda, and the content does not need to be reviewed by Aion. It cannot represent the progress of Aion's IPO. The specific situation must be based on the announcement of GAC Group.