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· Suzuki announced the formal withdrawal of funds from Changhe
On the 15th, Beiqi Changhe official website hanged the "Announcement on the change of the former Jiangxi Changhe Suzuki Automobile Co., Ltd. to a wholly-owned subsidiary of Jiangxi Changhe Automobile Co., Ltd.". The announcement shows that Suzuki will officially withdraw from Jiangxi Changhe Suzuki Automobile Co., Ltd. ("Changhe Suzuki").
The following is the original text of the announcement:
After friendly negotiation between the shareholders, the Japanese shareholder transferred all the shares of Changhe Suzuki held by the company to Changhe Automobile, and has obtained approval from the government department. On May 30, 2018, the shareholding and registration of the company name will be completed.
After the transfer, Changhe Automobile will hold 100% equity of the original Changhe Suzuki. The original Japanese party will no longer assume any responsibility for the new company including market products. Changhe Automobile will assume the responsibility of the new company and will continue to support the company. New developments.
In 1984, Suzuki began to provide technology to China for the first time. In 1993, it established Changan Suzuki joint venture with Changan. Two years later, in 1995, it established a joint venture with Changsha Suzuki. Prior to this divestment, Changhe Suzuki was a Sino-Japanese joint venture established by Jiangxi Changhe Automobile Co., Ltd., Jiangxi Changhe Aviation Industry Co., Ltd., Japan Suzuki Co., Ltd., and Japan Okaya Steel Machinery Co., Ltd.