Grand Baoxin Auto Group Announces Sale of Entire Interest in Target Company for RMB33.4 Million
Reuters
Sep 30, 2025
Grand Baoxin Auto Group Announces Sale of Entire Interest in Target Company for RMB33.4 Million
Grand Baoxin Auto Group Limited announced that its indirect wholly-owned subsidiary, Suzhou Baoxin Automotive Distribution Services Co., Ltd., has entered into an agreement to sell its entire interest in a target company to an independent third party. The transaction, agreed on 30 September 2025, involves the sale of all issued shares of the target company for a total consideration of approximately RMB33.4 million. The company stated that the disposal is part of its ongoing business operations.
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