BAIC Motor (HK:1958) has released an update.
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BAIC Motor Corporation Limited has announced a conditional agreement to subscribe for shares in its non-wholly owned subsidiary BJEV, with a total investment of RMB 2 billion. The transaction, which will result in BAIC Motor owning 5.30% to 7.22% of BJEV’s enlarged share capital, is subject to shareholder approval at the upcoming 2024 Third EGM. Investors are advised to exercise caution and consult professional advisers regarding their share dealings.
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