Home: Motoring > GAC Group Plans to Issue Shares to Acquire Stake in JV from FAW, Trading Halted

GAC Group Plans to Issue Shares to Acquire Stake in JV from FAW, Trading Halted

From:Internet Info Agency 2026-09-14 21:32:00

On the evening of September 14, Guangzhou Automobile Group Co., Ltd. (GAC Group, stock code: 601238) announced that it had signed a Letter of Intent with China FAW Co., Ltd. ("FAW") to acquire, through a share issuance, a portion of the equity held by FAW in a certain joint-venture vehicle manufacturing company, along with raising accompanying funds. Trading of GAC Group's shares has been suspended.

Editor:NewsAssistant