BAIC to sell CNY 5.8 billion of assets to Beijing Benz

On February 23 BAIC signed an agreement to sell CNY 5.8 billion of assets to Beijing Benz Automotive Co., Ltd. (Beijing Benz)
Under the agreement, the assets will include BAIC’s plant located on No.19, Dongying Road, Zhaofeng Industry Zone, Zhaoquan Town, Shunyi District in Beijing, as well as all the rights, ownersh....

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