WULING MOTORS: The Guangxi State-owned Assets Supervision and Administration Commission will transfer its 80% equity stake in Guangxi Automobile to Guangxi Guokong at zero consideration
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WULING MOTORS announced that the Guangxi State-owned Assets Supervision and Administration Commission will transfer its 80% equity stake in Guangxi Automobile to Guangxi Guokong Capital Operation Group at zero consideration. This move aims to optimize the layout of state-owned capital. Guangxi Guokong is a wholly-owned company of the Guangxi State-owned Assets Supervision and Administration Commission. After the restructuring, Guangxi Automobile will still be the controlling shareholder of WULING MOTORS, holding approximately 56.54% of the equity
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