Source: First Electric

On February 9th, a new round of restructuring and integration of central enterprises began. Several listed companies under China Ordnance Equipment Group Co., Ltd., including Changan Automobile, Great Wall Military Industry, and Construction Industry, have announced that they have received a notice from their (indirect) controlling shareholder Ordnance Equipment Group that they are planning a restructuring with other state-owned and state-owned enterprise groups. On the same day, Dongfeng Motor Corporation and Dongfeng Technology, subsidiaries of Dongfeng Motor Group Co., Ltd., also announced that they had received a notice from Dongfeng Corporation that they were planning a restructuring with other state-owned and central enterprise groups.

These listed companies have all stated that the restructuring may result in a change in the company's (indirect) controlling shareholder, but will not lead to a change in the actual controller, and the restructuring will not have a significant impact on the company's normal production and operation activities. The relevant arrangements still need to follow procedures and obtain approval from the relevant regulatory authorities. Although it is currently uncertain whether the Weapon Equipment Group and Dongfeng Corporation are each other's restructuring targets, as first tier central enterprises and important participants in the domestic automotive manufacturing industry, their announcement of restructuring plans on the same day has sparked speculation in the market about the integration between the two.