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SAIC Motor: Controlling Shareholder Vows Not to Divest Shares in the Next Six Months
1 day ago /
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Author：小编
On July 20, 2026, SAIC Motor made an announcement stating that it had received a formal commitment letter from its principal shareholder, SAIC Group. In this letter, SAIC Group explicitly pledged that it would refrain from any form of shareholding reduction in the company over the forthcoming six-month period, starting from the current date. This commitment encompasses not only existing shares but also any new shares that may be acquired through mechanisms such as the conversion of capital reserves into share capital, stock dividends, and other similar means.
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