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FAW Xiali releases reorganization plan and will no longer have automotive businesses after reorganization

On September 17, Tianjin FAW Xiali Automobile Co., Ltd. (FAW Xiali) released a report regarding the selling of major assets, issuing shares to buy assets, raising funds and related-party transactions.
According to the report, FAW Xiali’s reorganization plan consists of four parts, specifically: the transfer of share....

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