Guangzhou Automobile Group Co (HK:2238) has released an update.
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Guangzhou Automobile Group Co., Ltd. has announced the disposal of an 18.82% equity interest in Guangzhou Juwan Technology Research Co., Ltd. to its controlling shareholder, GAIG, for approximately RMB1,331 million. This transaction highlights the strategic realignment within the company and reflects its ongoing efforts to optimize asset management.
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