Company News

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

2019/08/20

CIMC company

According to the announcement of CIMC, at 9 am today, the H shares of CIMC 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, 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  is beneficial to  CIMC vehicles as a whole. The listing of CIMC 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 will still be incorporated into CIMC's financial statements after listing, the development of CIMC will also enhance the overall value of CIMC and bring better profitability to shareholders such as CIMC.

cimc trailer

CIMC 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

Lowbed semi trailer

CIMC bulk cement trailer

Cement tanker trailer

side wall trailer

side wall trailer

 

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