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GAC Group to transfer part of equity of its Hangzhou division; Hycan Auto will participate in bidding

On November 12, Guangzhou Automobile Group Co., Ltd. (GAC Group) announced that GAC Motor Co. Ltd. (GAC Motor), a wholly-owned subsidiary of GAC Group, intends to　transfer 49% shares of GAC Motor (Hangzhou) Co., Ltd., a wholly-owned subsidiary of GAC Motor, through a public offering. The absolute minimum price shall ....

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