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GAC Group Unveils Plan to Acquire 50% Stake in FAW Toyota, Marking FAW's Exit and Uniting Northern and Southern Toyota Entities
2 day ago /
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Author：小编
GAC Group has unveiled a significant asset restructuring initiative, with the ambition to acquire a 50% shareholding in FAW Toyota from FAW Group via a share issuance scheme. Concurrently, the group plans to issue shares to a select group of no more than 35 investors to garner additional capital, with each share priced at 5.75 yuan. Trading of the company's shares is set to recommence on September 29, coinciding with the market's opening bell.
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