BAIC Group subsidiary will acquire 28.91% CAR shares

On July 20, CAR Inc. (CAR) announced that Jiangxi Jinggangshan BAIC Investment Management Co., Ltd. (Jinggangshan BAIC) will acquire 442,656,855 CAR shares from sellers of UCAR Inc. (including UCAR Limited, UCAR Service Limited and UCAR Technology Inc.) at a price of HKD 3.1 per share. Jinggangshan BAIC is a company ....

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