Guangzhou Automobile Shareholders to Vote on Loan to Investee

MT Newswires Live

01/13

Guangzhou Automobile Group (HKG:2238, SHA:601238) shareholders will meet in Guangzhou, China on Jan. 27 regarding the provision of a 23.8 million yuan loan to HYCAN Automobile, according to a Friday filing with the Hong Kong exchange.

The loan, to be provided by GAC and GAC Aion, is proportionate to their 25% stake in HYCAN Automobile, the filing said.

Shares closed 1% lower during Monday's trading.

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