JMC to sell 100% of JMC Heavy Duty Vehicle shares

On May 8, 2021, Jiangling Motors Co., Ltd. (JMC) announced its plan to sell 100% of the shares of its wholly-owned subsidiary JMC Heavy Duty Vehicle Co., Ltd. (JMC Heavy Duty Vehicle) at a price of no less than CNY 760 million.
According to JMC, the deal will enable it to achieve a strategic vision of becoming a lea....

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