Qingling Motors Co (HK:1122) has released an update.
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Qingling Motors Co has entered into a Repurchase Agreement with Chongqing Xinyu and Longyunda New Energy to facilitate a finance lease model for its new energy vehicles. This strategic move aims to boost sales by allowing financial institutions to lease vehicles to customers, with Qingling Motors providing a repurchase guarantee. This transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules.
For further insights into HK:1122 stock, check out TipRanks’ Stock Analysis page.
