Jianghaui Auto to sell 700 mln yuan 365-day bills
(chinatrucks.com, Jan.19, 2010)Anhui Jianghuai Automobile Co. Ltd. (JAC) (600418) recently announced that it will issue 700 million yuan ($102.5 million) in 365-day financial bills on the interbank market on January 22, media reported.
The Chinese vehicle manufacturer said that this batch of bills will be issued at par value 100 yuan with the issuing rate to be decided by results of bookkeeping underwriter Industrial & Commercial Bank of China.
The value date is Jan. 25, 2010; payment date Jan. 25, 2010; circulation date Jan. 26, 2010; maturity date Jan. 25, 2011. Issuing the short-term bills is expected to help Jianghuai speed up its ambitious plans for a huge jump in this year's vehicle output and sales.
Jianghuai sold 100,000 passenger cars in the Jan-Oct period, two months ahead of its original plan. The full-year sales exceeded 120,000 units, almost double last year's sales. It also sold more than 180,000 commercial vehicles in 2009.
The company aims to sell 500,000 vehicles this year, including 300,000 passenger cars and 200,000 commercial vehicles.
Views:0
- JAC Hands over 100 Trucks to ZTO Express Vietnam 2022-03-28
- Batch of JAC Refrigerated Trucks Were Delivered to Jordan 2022-03-23
- 1000 JAC Pickups Get Ready to Be Exported to Mexico 2022-03-16
- JAC’s Combined Pickup Sales Exceeded 5000 Units in January, Up 51.7% YOY 2022-02-25
- JAC Electric Light-duty truck Became Brazil's Best-selling Vehicle 2022-02-21
- 2021 JAC International Pickup Export Performance 2022-02-18
- JAC Achieved a Great Result in 2021 2022-02-16
- Cummins Announced It Plans to Acquire Jacobs Vehicle Systems 2022-02-14
- Setting a New Record! JAC Creates a Number of Firsts in Peru 2022-01-24
- JAC Vietnam Ends the Year 2021 with Multiple Orders 2022-01-21
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021
