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BAIC Motor ( (HK:1958) ) has provided an update.
BAIC Motor Corporation Limited has announced a significant transaction involving the sale of 51% equity interests in its wholly-owned subsidiary, BAIC International, to BAIC Group for approximately RMB1,607.5740 million. This transaction will result in BAIC International no longer being a subsidiary of BAIC Motor, impacting the company’s financial consolidation. The deal, classified as a discloseable and connected transaction, requires approval from independent shareholders and is subject to certain conditions. The move is expected to alter BAIC Motor’s operational dynamics and could have implications for stakeholders and market positioning.
The most recent analyst rating on (HK:1958) stock is a Sell with a HK$1.90 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 joint stock company incorporated in the People’s Republic of China, operating in the automotive industry. The company focuses on manufacturing and selling motor vehicles and related components, serving both domestic and international markets.
Average Trading Volume: 17,713,160
Technical Sentiment Signal: Sell
Current Market Cap: HK$15.23B
See more insights into 1958 stock on TipRanks’ Stock Analysis page.