BAIC Motor ( (HK:1958) ) has provided an announcement.
BAIC Motor Corporation Limited has announced the termination of its Entrustment Agreement related to the voting rights in BAIC BluePark. This decision was influenced by BAIC BluePark’s unsatisfactory financial performance and the company’s strategic focus on optimizing investment returns and enhancing competitiveness in the passenger car market. The termination is expected to allow BAIC Motor to better allocate resources and strengthen its market position without adversely affecting its financials or operations.
More about BAIC Motor
BAIC Motor Corporation Limited is a joint stock company incorporated in the People’s Republic of China, primarily focusing on the automotive industry. The company is engaged in the production and sale of passenger cars, with a strategic emphasis on expanding its presence in both domestic and international markets.
YTD Price Performance: -4.14%
Average Trading Volume: 6,333
Technical Sentiment Signal: Buy
Current Market Cap: $2.24B
See more data about 1958 stock on TipRanks’ Stock Analysis page.