As the once national God car, FAW Xiali will bid farewell to the historical stage completely. A few days ago, Tianjin FAW Xiali Automobile Co., Ltd. issued the report on the sale of major assets and issuance of shares to purchase assets and raise matching funds and related party transactions, which defined the specific plan for the latest restructuring. The content shows that if the asset sale and restructuring are completed smoothly, FAW Xiali will bid farewell to the vehicle business. This also marks that Xiali automobile will completely withdraw from the stage of history. < / P > < p > the overall plan of this transaction consists of four parts: free transfer of shares of listed companies, sale of major assets, issuance of shares to purchase assets and raising of matching funds. The contents of the report are as follows: < / P > < p > FAW Car Co., Ltd. plans to transfer 697620651 shares of FAW Xiali to China Railway Materials Co., Ltd. < / P > < p > FAW Xiali plans to transfer all its assets and liabilities except 17.5% equity of Xin’an insurance and retained input tax into Tianjin FAW Xiali Operation Management Co., Ltd, FAW Xiali sells another 100% of Xiali operation to FAW shares FAW Xiali plans to issue shares to China Iron & Steel Co., Ltd., Wuhu Changmao, structural adjustment fund, ICBC investment, ABC investment, runnongrui bank and Yidun fund to purchase 100% equity of tiewusheng technology, 100% equity of Tianjin Company and 100% equity of FTTC held by tiewu Co., Ltd. < / P > < p > above In addition, in order to complete the above transaction and supplement the working capital, FAW Xiali plans to raise no more than 1.6 billion yuan of supporting funds. As the controlling shareholder of the listed company after the completion of this transaction, the total amount of supporting funds to be subscribed and raised shall not exceed 400 million yuan. < / P > < p > according to the data disclosed by the government, FAW Xiali vehicle production has stagnated since 2019. In order to relieve the pressure of capital and operation, FAW Xiali has to sell or restructure its assets. < / P > < p > after the completion of the transaction, the main business of the listed company will be changed to the material supply chain management, rail operation and maintenance technical services, railway construction and other engineering material production and manufacturing and integration services oriented to the rail transit industry, and FAW Xiali will officially bid farewell to the vehicle manufacturing. Apple extends AppleCare + purchase period: users can decide within 60 days