On November 18, Jinshi Data News: FAW Jiefang announced that it plans to sell 21.8393% of its equity in FAW Finance to its controlling shareholder, FAW Group, through a non-public protocol transfer, with a total transaction price of 4.924 billion yuan. After the completion of the transaction, FAW Jiefang will no longer hold equity in FAW Finance. This transaction constitutes a related party transaction and a major asset restructuring, but does not constitute a restructuring for listing.
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FAW Jiefang: Sells 21.8393% Equity of FAW Finance for CNY 4.924 billion
On November 18, Jinshi Data News: FAW Jiefang announced that it plans to sell 21.8393% of its equity in FAW Finance to its controlling shareholder, FAW Group, through a non-public protocol transfer, with a total transaction price of 4.924 billion yuan. After the completion of the transaction, FAW Jiefang will no longer hold equity in FAW Finance. This transaction constitutes a related party transaction and a major asset restructuring, but does not constitute a restructuring for listing.