Company News

CIMC vehicles start trading on the main board of the Hong Kong Stock Exchange

2019/08/20

CIMC vehicles start trading on the main board of the Hong Kong Stock Exchange.

CIMC was founded in January 1980 as a joint venture invested by China Merchants Group and East Asiatic Company in Shenzhen and was initially managed by EAC executives. It came to be listed in SZSE in 1994 and listed in SEHK in December 2012. Currently, CIMC is a public A+H share listed company, whose main shareholders are China Merchants Group, China Ocean Shipping (Group) Company, Hony Capital, etc. 

A leader in the global semi-trailer industry - CIMC Vehicles (Group) Co., Ltd. (“CIMC Vehicles” or the “Company”, together with its subsidiaries, the “Vehicles Group”, stock code: 1839). The Company’s H shares commence trading on the Main Board of The Stock Exchange of Hong Kong Limited (“Hong Kong Stock Exchange”) at 9:30 a.m. on 11 July 2019 (Thursday) under the stock code: 1839.

CIMC company

According to the announcement of CIMC, at 9 am today, the H shares of CIMC Vehicles began to be traded on the main board of the Hong Kong Stock Exchange. The final offer price was HK $ 6.38 per share, and was traded in 500 shares per board lot. The announcement also introduced that after the completion of the global offering, CIMC Group, through itself and its wholly-owned subsidiaries, directly and indirectly owned approximately 53.82% of the total issued share capital of CIMC Vehicles.

The relevant person in charge of the CIMC Dong Mi Office said that the successful listing of CIMC vehicles is beneficial to CIMC and CIMC vehicles as a whole. The listing of CIMC Vehicles will help CIMC's vehicle business grow in the future, help it expand its financing space, improve its international management level, and increase the premium of independent brands. And since CIMC Vehicles will still be incorporated into CIMC's financial statements after listing, the development of CIMC Vehicles will also enhance the overall value of CIMC and bring better profitability to shareholders such as CIMC Group.

cimc trailer

CIMC vehicles primarily engage in the manufacture and sale of semi-trailers and truck bodies for specialty vehicles. Our semi-trailer product lines mainly include lowbed trailer, container chassis trailer and flatbed trailers, fence trailers, fuel tank trailers, bulk cement tanker trailers.

CIMC has over 300 member enterprises and 4 listed companies in Asia, North America, Europe, Australia and others, and extensive customers and sales networks covering more than 100 countries and regions. In 2018, 50,000 excellent staff delivered sales revenue of RMB 93.498 billion and net profits of RMB 3.38 billion.

cimc

low bed trailer

low bed trailer

CIMC bulk cement trailer

CIMC bulk cement trailer

side wall trailer

side wall trailer

 

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