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Great Wall Motor Co ( (HK:2333) ) has issued an update.
Great Wall Motor Company Limited, through its subsidiary Nobo Technology, announced the acquisition of an 80% equity interest in Wuxi Xindong from Wensheng Technology for RMB3,792,157.77. This acquisition represents a connected transaction under Hong Kong Listing Rules, reflecting strategic consolidation of assets as Wuxi Xindong will be integrated into Great Wall’s financial statements, potentially strengthening the company’s market positioning.
More about Great Wall Motor Co
Great Wall Motor Company Limited is a prominent automotive manufacturer based in China, primarily engaged in the production of motor vehicles. The company focuses on both domestic and international markets, offering a range of products including SUVs, sedans, and trucks.
YTD Price Performance: -5.42%
Average Trading Volume: 7,469
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $25.12B
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