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HASCO: SAIC Motor Pledges No Share Reduction for Six Months
1 day ago /
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Author：小编
On July 20th, HASCO issued a public announcement revealing that it had received a 'Letter of Commitment Regarding Non-Reduction of Shareholdings in HASCO Automotive Systems Co., Ltd.' from its majority shareholder, SAIC Motor. In this letter, SAIC Motor undertakes not to diminish its stake in HASCO in any manner over the ensuing six months from the date of signing the commitment letter. This includes shares acquired through the conversion of capital reserves into share capital, stock dividends, and other such means. Presently, SAIC Motor possesses 1,838,663,129 shares of HASCO, constituting 58.32% of the company's total share capital.
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