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GAC Group: Intends to Secure 50% Stake in FAW Toyota via Share Issuance, Trading to Recommence Tomorrow
9 hour ago /
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Author：小编
On September 28, GAC Group revealed its strategic intent to acquire a 50% equity interest in FAW Toyota through the issuance of new shares. Additionally, the group plans to garner corresponding funds (referred to as matching funds) by issuing shares to a select group of no more than 35 targeted investors, with each share priced at 5.75 yuan. On September 28, 2026, the company's board of directors gave the green light to the preliminary transaction proposal. However, it's important to note that the requisite audits and evaluations are still pending completion. Trading of the company's stock is set to recommence on September 29.
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