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JAC Group closes CNY 3.5 billion private placement

On February 11, Anhui Jianghuai Automobile Group Corp., Ltd. (JAC Group) announced on the Shanghai Stock Exchange (SSE) the completion of a private placement worth approximately CNY 3.5 billion, in which 70,168,400 shares were issued at CNY 49.88 per share to 8 cash subscribers.
All the proceeds will be used for a hi....

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