GAC Group Plans to Acquire Stake in FAW's Joint Venture, Shares Remain Suspended
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
On September 18, GAC Group (601238) announced that it is planning a major asset restructuring. The company intends to acquire a partial equity stake in a joint-venture vehicle manufacturer held by China FAW Co., Ltd. through the issuance of shares, along with raising supporting funds. As of the announcement date, GAC Group and relevant parties are actively advancing work related to this transaction. Consequently, trading of the company's A-shares will remain suspended. The announcement was reported by People's Finance News via stockstar securities news.
Source report
People's Finance News, September 18 — GAC Group (601238) announced on September 18 that, as previously disclosed, the company is planning to acquire a partial equity stake in a joint-venture vehicle manufacturer held by China FAW Co., Ltd. ("FAW") through the issuance of shares, along with raising supporting funds.
As of the date of this announcement, the company and relevant parties are actively advancing work related to this transaction. The company's A-share trading will remain suspended.
Source
证券之星-证券要闻Eastern
Part of this Story
GAC Group suspends A-share trading to acquire FAW joint venture stake via share issuance