Seres Group (SHA:601127) plans to acquire a leasing services company for new energy vehicle factories, Longsheng New Energy Technology, for 8.16 billion yuan, according to a Sept 13 disclosure on the Shanghai Stock Exchange.
The Chinese automotive manufacturer will conduct the acquisition through the issuance of shares to the holders of Longsheng's stake, Chongqing Industry Fund, Liangjiang Investment and Liangjiang Industrial.
After the completion of the transaction, Longsheng New Energy Technology will become a subsidiary of Seres.
Price (RMB): ¥75.61, Change: ¥-0.58, Percent Change: -0.76%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments