Bohai Auto Resumes Major Asset Restructuring Review

Bohai Auto plans to acquire equity interests in Beijing BAIC Mould & Plastic Technology Co., Ltd. and two other companies through a combination of issuing shares and paying cash, along with raising accompanying funds. The review process for this transaction was previously suspended due to the need to update financial documentation. The company has now completed the required updates and applied to the Shanghai Stock Exchange (SSE) to resume the review. On June 25, it received notice from the SSE approving the resumption of the review. The transaction remains subject to approval by the SSE and registration by the China Securities Regulatory Commission (CSRC), and there is uncertainty as to whether it will be completed.