Recent events
Recent events tied to this brand in public sources.
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2020
Baoneng agreed to acquire Changan PSA
Changan Automobile announced that it had signed an equity-transfer agreement with Qianhai Ruichi to transfer its 50% stake in Changan PSA for 1.63 billion yuan. Baoneng Automobile had also signed an agreement with PSA to acquire PSA’s other 50% stake in Changan PSA.
2020
PSA agrees to transfer its 50% stake in Changan PSA to Baoneng
A PSA Asia-Pacific spokesperson told Economic Observer that PSA had signed an equity-transfer agreement with Baoneng to transfer its entire 50% stake in Changan PSA. The spokesperson did not disclose the transaction price.
2019
Qianhai Ruizhi agrees to acquire Changan Auto's 50% stake in Changan PSA
Changan Automobile announced that it had signed an equity-transfer agreement with Qianhai Ruizhi to transfer its entire 50% stake in Changan PSA for 1.63 billion yuan. Qianhai Ruizhi is wholly owned by Baoneng Automobile. The source reports that Qianhai Ruizhi had paid 51% of the transfer price by December 30, 2019.
2019
Baoneng affiliate to acquire Changan PSA shares
Changan Automobile signed an agreement to transfer its 50% stake in Changan PSA to Qianhai Ruizhi for 1.63 billion yuan; PSA also signed an agreement to transfer all of its Changan PSA shares to Qianhai Ruizhi. Qianhai Ruizhi is wholly owned by Baoneng Automobile.
2019
Changan lists its 50% stake in Changan PSA for transfer
Changan Automobile listed its 50% stake in Changan PSA for transfer. The article reports that the listing was temporarily removed because internal approval had not been completed; it does not report a completed sale.