Jianghuai Automobile Group Corp., Ltd. has disclosed its report on the issuance of shares to specific investors. The company issued a total of 70,168,400 shares at a price of 49.88 yuan per share, raising approximately 3.5 billion yuan in total.
Notably, prominent private equity investor Ge Weidong participated in the offering, investing approximately 1 billion yuan to subscribe for 20,048,100 shares. Another individual investor, Fang Wenyan, also received the same number of shares as Ge Weidong.
According to the announcement, following the completion of the private placement, the shares subscribed by the investors cannot be transferred for a period of six months from the conclusion of the issuance.
Jianghuai Automobile stated that the net proceeds from the offering, after deducting related issuance expenses, will be entirely allocated to the development project of a high-end intelligent electric platform. This initiative is closely related to the company's core business operations and is not expected to result in significant changes to its primary business structure, nor does it involve any restructuring of the company's business or assets.
Even before participating in this private placement, Ge Weidong had already focused his investment attention on Jianghuai Automobile. The company's interim report for 2025 showed that Ge Guilian, a family member of Ge Weidong, became a new eighth-largest shareholder of Jianghuai Automobile, holding 11,861,000 shares, representing a 0.54% stake.
By the end of the third quarter of 2025, another relative of Ge Weidong, Wang Ping, emerged as a new fifth-largest shareholder of Jianghuai Automobile, holding 23,501,700 shares. Ge Guilian increased her holdings to 16,616,200 shares, accounting for 0.76% of the total shares.
Regarding the stock's performance, since April 2025, Jianghuai Automobile's share price has accumulated an increase of over 50%.
In recent years, Ge Weidong has shown a preference for technology and consumer stocks. Based on his latest holdings as of the end of the third quarter of 2025, the Ge Weidong family held shares in GigaDevice Semiconductor Beijing Inc. with a market value exceeding 3.6 billion yuan, held over 300 million yuan in Kuaijishan Shaoxing Rice Wine Co., Ltd., and held shares in Lafang Household Products Co., Ltd. and Shuguang Digital Innovation Co., Ltd. each with a market value exceeding 200 million yuan. Additionally, Ge Weidong appeared in the shareholder lists of other listed companies such as Suzhou Dafang Precision Metal Co., Ltd. and MicroPort Electrophysiology Co., Ltd.
Ge Weidong began his career in futures investment and currently serves as the Chairman of Shanghai Chaos Investment Co., Ltd. He believes that growth is a perpetual theme and advocates investing in "great changes." The primary consideration for investment is whether the industry in which a company operates can sustain growth and has sufficient potential. After identifying a promising sector, the analysis focuses on the company's position within that sector and its competitive advantages. Adhering to principles and knowing what to pursue and what to avoid are essential for long-term success on the correct path.
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