Guangzhou Automobile Group Co (HK:2238) has released an update.
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Guangzhou Automobile Group is set to reduce its stake in GAC Leasing by 50% following the fulfillment of regulatory conditions for a capital increase. The valuation of GAC Leasing was primarily determined using the market approach, valuing the company at RMB2,129.76 million. This transaction could significantly impact the company’s financial landscape as it approaches completion in early 2025.
For further insights into HK:2238 stock, check out TipRanks’ Stock Analysis page.
