BAIC Motor (HK:1958) has released an update.
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BAIC Motor Corporation Limited has entered into a capital increase agreement with Beijing Electric Vehicle Co., Ltd. (BJEV) and BAIC BluePark, potentially acquiring 839,806,844 shares in BJEV upon completion. This move aligns with their strategic expansion in the electric vehicle sector, although the transaction is still subject to regulatory approvals. Investors are advised to stay informed and consult advisors when engaging with BAIC Motor shares.
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