Loncin Motor (SHA:603766) will trade its general machinery business assets with that of Chongqing Zongshen Power Machinery's (SHE:001696) motorcycle engine division, according to a Thursday filing with the Shanghai bourse.
The difference in the transaction price will be settled in cash. The transaction is still subject to approval, Loncin said in its filing.
Loncin Motor and Zongshen Power are both controlled by Zuo Zongshen.
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