Report from this reporter (Reporter Zhang Lidong) Yesterday's reporter learned that with the approval of the China Securities Regulatory Commission, Chongqing Changan Automobile Co., Ltd. will issue no more than 150 million A shares through the Shenzhen Stock Exchange. If the additional is successful, Changan Automobile will raise funds to 1.1 billion yuan. Changan Group sources said that most of these funds will be used for independent brand development. It is reported that Changan Automobile will raise funds mainly from the issuance of the "Changan Auto-branded CM8 Multipurpose Passenger Vehicle Project", "Extensive Production Expansion Project" and "Miniature Passenger Car (mainly Changan Group's Best-selling Miniature) Car Chang'an Star) Mold Technology Transformation Project." Changan Automobile plans to build a CM8 production line with 100,000 capacity in the Chang’an Industrial Zone, which will expand the minivan capacity of the Chongqing headquarters from the current 200,000 to 300,000.
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