Changan Kaicheng plans to increase capital and expand shares, raising up to 2.5 billion yuan

Chongqing Changan Kaicheng Automobile Technology Co., Ltd., a holding subsidiary of Chongqing Changan Automobile Co., Ltd., is seeking to increase capital and expand shares, and plans to introduce investors through public listing, with a maximum fundraising of RMB 2.5 billion. China Changan and Southern Assets are interested in participating in the capital increase, with Changan Automobile planning to increase capital by no more than RMB 500 million in total in cash and intangible assets.