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Jiangling Motors Corporation Limited, abbreviated JMC, is a Chinese automobile manufacturer. According to company and press reports, the largest shareholder of JMC is Jiangling Investment, a company controlled equally by the state-owned enterprises Changan and Jiangling Motors Corporation Group (JMCG). [2] [3]
Jiangling Investment would hold the 41.03% JMC stake and some liabilities and would still be equally owned by Changan and JMCG. The new JMH would own the rest of the former JMH assets (including Landwind) [ 19 ] [ 20 ] and it would issue 100% more shares to be sold to investors, leaving JMCG and Changan with a 25% stake each. [ 20 ]
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The JMC Yuhu (江铃域虎) is a mid-size pickup truck produced by Jiangling Motors for the Chinese market. The model was also sold as the second generation Boarding or Baodian (宝典)in several markets and is also the successor of the JMC Baodian .
JMC Heavy Duty Vehicle (JMCH) is a dormant Chinese manufacturer of Ford-based heavy trucks owned by Jiangling Motors. It was established in 2013 as a successor of Taiyuan Changan and is headquartered in Taiyuan .
JMC manages plants that produce more than 1.6 billion rounds of ammunition annually and the depots that store the nation's ammunition for training and combat. It is responsible for the management and accountability of $26 billion of conventional munitions and stores $39 billion of missiles.
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This report provides a brief history of those changes. To establish a perspective, an overview of the current law tax treatment of capital gains income and losses is presented first. The remainder of the report then focuses on the legislative changes that have affected the tax treatment of capital gains income and losses since 1913.