As one of nineteen companies to release a share reform plan on Monday, Jiangling Motors announced that it will pay out cash to shareholders, the Information Times reports. Holders of circulating A shares will receive 12.1 yuan for every ten shares, for a total of 142 million yuan (US$17.5 million). This payout will be split 127 million from holders of non-circulating shares and 15 million from Jiangling itself. Calculating from Jiangling's closing price of 5.36 yuan per share on 2 December, this is equivalent to 2.257 shares for every ten currently held. Part of the twelfth group of companies undergoing state share reform, Jiangling is thus far the first to offer cash only. Jiangling Motors: 000550.SZ Link: http://www.jxnews.com.cn/xxrb/system/2005/12/06/002172257.shtml