100% equity interests in GMMC transferred to GAC Aion

On March 20, the Board of Directors of GAC Group approved the transfer of 100% equity interests in Hunan Zhixiang Automobile Management Co., Ltd. (HZAM, formerly GAC Mitsubishi Motors Co., Ltd. (GMMC)), a subsidiary, to GAC Aion, a wholly-owned subsidiary, at CNY 191 million.
While being assigned with 100% equity int....

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