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Grand Baoxin Auto Group Announces Asset Sale Agreement

Story Highlights
  • Grand Baoxin Auto Group’s subsidiary is selling assets to Beijing BetterLife Group.
  • The transaction is a discloseable event under Hong Kong’s Listing Rules due to its size.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

The latest update is out from Grand Baoxin Auto Group ( (HK:1293) ).

Grand Baoxin Auto Group Limited, through its indirect wholly-owned subsidiary Beijing Yanbao, has entered into an agreement to sell certain assets to Beijing BetterLife Group. This transaction, involving machinery and office equipment from the Yanbao 4S Dealership Store, is considered a discloseable transaction under Hong Kong’s Listing Rules due to its size, requiring reporting and announcement as it exceeds certain percentage thresholds.

More about Grand Baoxin Auto Group

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