BAIC Blue Valley (600733.SH): BAIC New Energy plans to increase capital and expand shares and introduce external investors to increase capital by no more than 500 million yuan

Zhitongcaijing · 2d ago

According to the Zhitong Finance App, BAIC Blue Valley (600733.SH) issued an announcement. In order to meet the needs of the subsidiary's business development and optimize its capital structure, the company's holding subsidiary, Beijing New Energy Vehicle Co., Ltd. (“BAIC New Energy” for short), plans to increase capital and introduce external investors through public listing. The amount of capital increase will not exceed 500 million yuan. After the successful implementation of this capital increase, the company remains the controlling shareholder of BAIC New Energy.

Prior to this capital increase, BAIC Blue Valley and its wholly-owned subsidiary, Beijing Blue Valley Jihu Auto Technology Co., Ltd., held a total of 71.70% of BAIC New Energy's shares, while other shareholders held 28.30% of BAIC New Energy's shares. In addition to the current capital increase of no more than 500 million yuan through public listing, BAIC Blue Valley and BAIC Motor Group Co., Ltd. plan to jointly increase the capital of BAIC New Energy by no more than 1,638 billion yuan. Of these, BAIC Blue Valley plans to increase capital by no more than 1 billion yuan in cash, and BAIC Motor Group Co., Ltd. plans to increase capital by no more than 638 million yuan in cash. The equity structure after the capital increase is based on the final capital increase agreement signed by the parties and the public listing situation.