FAW Group to inject holdings of units into new firm

SHANGHAI, July 14 (Reuters) - Major Chinese state automaker FAW Group plans to inject its holdings in FAW Car (000800.SZ) and FAW Xiali (000927.SZ) into a newly incorporated firm, its two listed units said on Wednesday.

FAW Group is currently making preparations for the major asset restructuring, FAW Car and FAW Xiali said in stock exchange filings.

The move, still pending government approval, paves the way for the listing of FAW's major auto assets, the Shanghai Securities News said. (Reporting by Fang Yan and Jacqueline Wong; Editing by Ken Wills)