B · Normal
[GAC Group’s H shares rose more than 12% and planned to issue A shares to purchase the equity of the joint venture car company held by FAW Group] On September 15th, as of press time, GAC Group (02238.HK) rose 12.25%. According to the announcement, the company is planning to purchase part of the equity of a vehicle joint venture held by China FAW Motor Co., Ltd. (FAW Co., Ltd.) and raise supporting funds by issuing A shares. The company has signed an agreement of intent with FAW Co., Ltd. on the 14th.
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