BAIC Motor Updates on Sale of 51% Stake in BAIC International

Reuters
Dec 10
BAIC Motor Updates on Sale of 51% Stake in BAIC International

BAIC Motor Corporation Limited has provided an update regarding the disposal of 51% of the equity interests in its wholly-owned subsidiary, BAIC International. The consideration for the transaction is based on an appraised value of RMB 1,607.5740 million as of the valuation benchmark date, according to an independent asset valuation report. The valuation was conducted using the income approach. Further details are available in the company's recent circular.

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