The Zhitong Finance App learned that BAIC Motor (01958) fell nearly 4%. As of press release, it was down 3.7% to HK$0.65, with a turnover of HK$2,5067 million.

According to the news, BAIC Motor announced that on October 21, 2026 (after the trading session), Beijing Hyundai Motor Finance Co., Ltd. (Beijing Auto Capital), BAIC Motor Investment Co., Ltd. (Beijing Hyundai), Beijing Hyundai Motor Co., Ltd. (Beijing Hyundai), Hyundai Finance Co., Ltd. (Hyundai Finance) and Hyundai Auto Co., Ltd. (Hyundai Motor) signed a capital reduction agreement on October 21, 2026 (after the trading period).

Based on this, the contracting parties agreed that BAIC will withdraw all of its shares in Beixian Auto Gold by reducing its registered capital in Beixian Auto Gold (the amount is equivalent to the amount of capital invested by BAIC), accounting for 33% of the total registered capital of Beijing Cash, at the cost of the total amount of RMB 2,208 billion due to BAIC Auto Gold (that is, withdrawal); and Beijing Hyundai withdrew all of its registered capital in Beixian Auto Gold by reducing its registered capital in Beixian Auto Gold (the amount is equivalent to Beijing Hyundai's investment amount), accounting for the total registered capital of Beixian Auto Gold 14%, at the cost of CNY 937 million to Beijing Hyundai . After the reduction in registered capital is completed, BAIC and Beijing Hyundai will each cease to be shareholders of Beixian Auto Gold.

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