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Qingling Motors announced that it signed an equity transfer agreement with the controlling shareholder Qingling Group on October 9, 2026 to acquire 30.43% of the shares in all Isuzu engines owned by Qingling Group for about 660 million yuan. This transaction constitutes a major transaction and related transaction. It still requires independent shareholders' approval and approval from relevant regulators. After delivery, the company will hold 50% of Isuzu Engine's shares and jointly control the company with Isuzu. The company expects to send out a circular containing details of the transaction on or before November 15, 2026.
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Qingling Motors announced that it signed an equity transfer agreement with the controlling shareholder Qingling Group on October 9, 2026 to acquire 30.43% of the shares in all Isuzu engines owned by Qingling Group for about 660 million yuan. This transaction constitutes a major transaction and related transaction. It still requires independent shareholders' approval and approval from relevant regulators. After delivery, the company will hold 50% of Isuzu Engine's shares and jointly control the company with Isuzu. The company expects to send out a circular containing details of the transaction on or before November 15, 2026.
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