April 24, 2017 5:59 AM ET

Automobiles

Company Overview of Guangzhou Automobile Group Co., Ltd.

Company Overview

Guangzhou Automobile Group Co., Ltd., together with its subsidiaries, engages in the research, design, development, manufacture, and sale of passenger and commercial vehicles, motorcycles, and auto parts in Mainland China and Hong Kong. The company operates through two segments, Vehicles and Related Operations, and Others. It offers large to medium sized passenger vehicles, light and heavy trucks, construction vehicles, energy vehicles, and pickups; motorcycles comprising standard motorcycles, sport bikes, scooters, etc.; and auto-parts, including engines, gearboxes, car seats, HVAC systems, auto lamps, automation accessories, redirectors, shock absorbers, and accessories. It is also involve...

Chengyue Building

23rd Floor

448-458 Dong Feng Zhong Road

Yuexiu District

Guangzhou,  510030

China

Founded in 1997

75,672 Employees

Phone:

86 20 8315 1139

Fax:

86 20 8315 0335

Key Executives for Guangzhou Automobile Group Co., Ltd.

Chairman and General Manager
Age: 55
Total Annual Compensation: CNY918.0K
Standing Deputy General Manager, Secretary and Executive Director
Age: 53
Total Annual Compensation: CNY1.2M
Deputy General Manager and Executive Director
Age: 49
Total Annual Compensation: CNY800.0K
Vice Chairman
Age: 58
Compensation as of Fiscal Year 2015.

Guangzhou Automobile Group Co., Ltd. Key Developments

Guangzhou Automobile Plans to Make Cars in Russia

Guangzhou Automobile Group Co., Ltd. announced that it plans to build assembly lines in Leningrad Oblast, Russia.

Guangzhou Automobile Group Co., Ltd. Announces Resignation of Lu Sa as Executive Director, Deputy General Manager, Secretary of the Board, Deputy Director of the Executive Committee and Company Secretary

The board of directors of Guangzhou Automobile Group Co., Ltd. received the resignation letter from Ms. Lu Sa on 30 March 2017. Due to personal reasons, Ms. Lu Sa applied to resign from her positions in the Company as the executive director, deputy general manager, secretary of the Board, deputy director of the Executive Committee and company secretary. The resignation of Ms. Lu Sa is effective from 30 March 2017 and thereafter Ms. Lu Sa will no longer hold any position in the Company.

Guangzhou Automobile Group Co. Ltd. Proposes Dividend for the Year Ended December 31, 2016

Guangzhou Automobile Group Co. Ltd. announced that the Board recommended the payment of a final dividend for the year ended 31 December 2016 of RMB 0.22 per share making total dividend for 2016 of RMB 0.30 per share against total dividend for 2015 of RMB 0.20 per share. The proposed final dividend for the year is subject to the approval by the shareholders of the Company at the forthcoming annual general meeting.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 18, 2017
Guangzhou Automobile Group Motor (Hangzhou) Co., Ltd.
Private Placement
December 13, 2016
Guangzhou Automobile Group Business Co., Ltd.
Private Placement
November 17, 2016
GAC Capital Co., Ltd.
 

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