Qingling Motors Expands New Energy Vehicle Leasing With Discloseable Repurchase Deal
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Qingling Motors Co (HK:1122) has announced a new repurchase agreement with a financial leasing company and a dealer, effective until April 30, 2026. This agreement is part of its strategy to enhance sales of new energy vehicles through finance lease arrangements. The transactions, which include previous agreements since late 2024, are classified as discloseable under Hong Kong listing rules, requiring notification but not higher-level approval. Qingling Motors specializes in manufacturing various trucks and is expanding its new energy vehicle segment, achieving sales growth in this area.
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