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Caocao Chuxing: Acquires 100% Stake in Weixing Technology for a Total Cash Consideration of RMB 225 Million
2025-12-30 /
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Author：小编
On December 30, Caocao Chuxing (02643.HK) announced that its consolidated affiliated entity, Hangzhou Youxing, signed equity acquisition agreements with Zhejiang Jidi, Mercedes-Benz Mobility, and Geely Holding on the 30th. According to the agreements, Hangzhou Youxing will acquire a 50% stake in Weixing Technology from each of Zhejiang Jidi and Mercedes-Benz Mobility for a total cash consideration of RMB 225 million. Upon completion of the acquisition, Weixing Technology will become a wholly-owned subsidiary of Hangzhou Youxing.
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