FAW 5 subsidiary company joint capital construction car insurance company

Yesterday, the FAW group served under somebody's banner three To be listed FAW Xia Li, the FAW passenger vehicle and the FAW four links simultaneously issues announced that announced with the FAW finance Limited company, FAW finance holding's Jilin hundred million will insure the broker Limited liability company to pool capital peacefully in Beijing to set up the specialized automobile insurance company. the announcement expressed that this car insurance company registered capital total amount is 260,000,000 Yuan. And, hundred million insure the broker to invest peacefully 5,000,000 Yuan, occupies compares 1.9%; Other 4 FAW subsidiary company invests respectively 52,000,000 Yuan, occupies compared to 20%. regarding other 18.1% stocks, Tianjin FAW summer advantage automobile Limited liability company negotiable securities department Meng Mr. Kui indicated that at present is contacting other intention investor to join, investor quantity will not surpass two. Meng Mr. Kui indicated that at present this automobile insurance company's tenable time also with difficulty definite. “takes the specialized automobile insurance company, it will be possibly connected with the FAW group's new car selling operation.”Because only has the balance to insure one before this to study the car insurance, therefore FAW's this family car insurance company will become our country second specialized