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Investor Shakeup at Pinecone New Energy Automobile: Blackstone Holdings Exits, Xingguo International Steps In
3 week ago /
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Author：小编
On August 20, Taishan Finance reported a shift in the investor landscape of Pinecone New Energy Automobile Co., Ltd. Notably, Blackstone Investment Holdings Limited, the former principal investor, has exited, making way for Dezhou Xingguo International Trade Co., Ltd. Currently, Yucheng Junqiao Commercial Development Co., Ltd. holds a significant 44% stake in Pinecone Automobile, positioning it as the major shareholder. Interestingly, Dezhou Xingguo is a wholly-owned subsidiary of Pinecone Automobile, creating a circular shareholding structure.
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