Wuling Motors Holdings Limited (HK:0305) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Wuling Motors Holdings Limited has renewed its Equipment Purchase Framework Agreement with subsidiary Wuling Auto Tech for the years 2024-2025, with proposed annual spending caps of RMB50 million each year, excluding VAT. The agreement, which is exempt from independent shareholder approval, is considered a continuing connected transaction under the Listing Rules due to Wuling Auto Tech’s affiliation with Wuling Industrial’s ultimate controlling shareholder, Guangxi Automobile.
For further insights into HK:0305 stock, check out TipRanks’ Stock Analysis page.