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China

GAC Aion announces proposal on asset reorganization and capital increase

On November 29, Guangzhou Automobile Group Co., Ltd. (GAC Group) announced that at the 6th meeting of its Sixth Board of Directors, GAC Aion’s proposal on asset reorganization and capital increase was approved.
According to the proposal, GAC Group will inject CNY 7.407 billion of cash into GAC Aion New Energy Automob....

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