Grand Baoxin Auto Group ( (HK:1293) ) has issued an announcement.
Grand Baoxin Auto Group Limited announced that its controlling shareholders have entered into a strategic cooperation agreement with National Digital Energy Technology (Beijing) Co., Ltd. This agreement aims to entrust National Digital with the management and operation of CGA’s automobile distribution outlets, enhancing profitability and competitiveness through capital injection, operational system improvements, and energy transition initiatives. The agreement is expected to alleviate operational cash flow pressures and reduce costs, aligning with CGA’s strategic development needs and promoting sustainable growth.
More about Grand Baoxin Auto Group
Grand Baoxin Auto Group Limited is a company incorporated in the Cayman Islands, primarily involved in the automobile industry. The company focuses on automobile distribution and services, with a market presence in Hong Kong and connections to major controlling shareholders such as Xinjiang Guanghui Industry Investment Group Co., Ltd. and China Grand Automotive Services Group Company Limited.
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