According to the Zhitong Finance App, Longzhou Co., Ltd. (002682.SZ) announced that the company plans to transfer 51% of the holding Sun Company Dongguan CAAC Hongyuan Automobile Co., Ltd. (hereinafter referred to as FAC Hongyuan) and all claims of the company and Longyan Xinyu Automobile Sales & Service Co., Ltd. (hereinafter referred to as Xinyu Automobile) against China Automobile Hongyuan through a public listing. The total initial listing reserve price of the above shares and claims is 1.31 billion yuan.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.