GAC Group made an announcement on the Hong Kong Stock Exchange, detailing its strategic move to acquire a 50% equity interest in FAW Toyota Motor Co., Ltd. via a share issuance scheme. Furthermore, the company plans to secure additional capital by offering shares to a select group of no more than 35 targeted investors. Share trading for GAC Group has been on hold since the market opened on September 14, 2026. On September 28, during the 30th meeting of the seventh session of its Board of Directors, GAC Group scrutinized and endorsed resolutions pertinent to this acquisition deal. Consequently, share trading is slated to recommence at the market's opening on September 29. Given that the audit and appraisal processes for this transaction are still underway, the Board of Directors has opted to postpone convening a shareholders' meeting to deliberate on the relevant resolutions for now.
