GAC Group Plans Major Asset Restructuring, Proposes Share Issuance to Acquire Part of FAW Group's Joint Venture Automaker Stake

Corporate ActionM&A · PartnershipIndustry Impact 4
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Summary · why it matters

GAC Group issued a trading halt announcement on the evening of September 14, stating it is planning a major asset restructuring. The company intends to acquire part of a joint venture automaker stake held by FAW Group through a share issuance and raise supporting funds. The two parties have signed a letter of intent. Upon completion of the transaction, FAW Group will become GAC Group's second-largest shareholder with strategic influence. The deal is expected to constitute a major asset restructuring and a related-party transaction, but will not result in a change of actual controller or a backdoor listing. It is still in the planning stage. Following an application to the Shanghai Stock Exchange, GAC Group's A-shares were suspended from trading starting September 14, 2026, with the halt expected to last no more than 10 trading days. As of September 14, GAC Group's share price stood at 5.09 yuan per share, with a total market capitalization of 43.23 billion yuan. Earlier on September 11, nine government departments including the National Development and Reform Commission and the Ministry of Industry and Information Technology jointly issued the 15th Five-Year Plan for the intelligent connected new energy vehicle industry, proposing that by 2030 the advantages of the entire industry chain will be further consolidated and vehicles with autonomous driving functions will achieve large-scale application. On the same day, titanium dioxide leader Lomon Billions Group took the lead in issuing a price increase notice, raising domestic market prices by 700 yuan per tonne and international market prices by 100 US dollars per tonne. Subsequently, more than twenty companies including Anada, Titanium Energy Chemical, and Dawn Titanium Industry followed suit with increases consistent with Lomon Billions Group, officially kicking off the sixth round of collective price hikes for titanium dioxide this year.

Impact on stocks 4

Others▲ · 4 stocks
LB Group Co Ltd
002601
▲ PositivePricingrelevance

Lomon Billions Group led a titanium dioxide price increase of 700 yuan/tonne domestic and $100/tonne international, with peers following.

Theme Impact 2

Off-coverage companies 1

一汽股份Private▲ Positive
Capitalrelevance

FAW Group will become GAC Group's second-largest shareholder with strategic influence after selling part of its JV automaker stake via share issuance.

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