Grand Baoxin Auto Group Provides Further Details on Disposal of Entire Interest in Target Company
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Grand Baoxin Auto Group Limited has detailed its disposal of its entire interest in a target company, stating that the valuation was based on current assets, including bank deposits and account receivables. The appraised value of bank deposits was verified through bank statements. The board reviewed the valuation methodology and concluded that it is fair and reasonable. This announcement was made public on October 20, 2025.
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