Grand Baoxin Auto Group (DE:6BA) has released an update.
Grand Baoxin Auto Group Limited has announced that its controlling shareholder, Xinjiang Guanghui, intends to transfer a portion of its stake in China Grand Automotive Services to Jinzheng Technology, which may lead to a change in the company’s shareholding structure. This potential shift in ownership could impact stakeholders and investors are advised to exercise caution. The company will provide updates on this development in compliance with the Hong Kong Stock Exchange regulations.
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