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An announcement from BAIC Motor ( (HK:1958) ) is now available.
BAIC Motor Corporation Limited announced that its 2025 third extraordinary general meeting was duly convened in Beijing, with shareholders representing approximately 5.69 billion shares attending, and all resolutions on the agenda passed by poll. Shareholders approved an equity acquisition agreement and related disposal, while controlling shareholder BAIC Group, which holds about 46.9% of the company’s share capital, abstained from voting on this transaction due to its material interest. The meeting also confirmed the appointment of Gu Xin as a non-executive director and Chen Geng and Zhu Yan as executive directors, alongside amendments to the rules of procedures for both shareholders’ meetings and the board, signalling a refresh of the company’s governance structure and formal backing for a strategic disposal that could reshape its asset mix and operational focus.
The most recent analyst rating on (HK:1958) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on BAIC Motor stock, see the HK:1958 Stock Forecast page.
More about BAIC Motor
BAIC Motor Corporation Limited is a Chinese automobile manufacturer based in Beijing, engaged in the production and sale of passenger vehicles and related automotive businesses. The company, listed in Hong Kong, operates within the broader BAIC Group ecosystem and serves both the domestic Chinese market and overseas markets through its range of self-branded and joint-venture vehicles.
YTD Price Performance: -16.67%
Average Trading Volume: 15,754,957
Technical Sentiment Signal: Sell
Current Market Cap: HK$16.03B
Find detailed analytics on 1958 stock on TipRanks’ Stock Analysis page.