Leju Finance Wang Min On December 20, as of 14:22, Wuling Automobile (HK:00305) fell 10.06% to HK$1.61, with a turnover of HK$35.029 million and a total market capitalization of HK$5.31 billion.
On December 1, Wuling Motors announced on the Hong Kong Stock Exchange that Guangxi Automobile, the Company, Wuling Industry and Wuling New Energy had entered into a letter of intent on proposing asset restructuring and investing in Wuling New Energy. According to the letter of intent, Guangxi Automobile, the Company and Wuling Industry agreed to convert Wuling New Energy into a foreign-invested enterprise and engage in the new energy vehicle business.
Wuling Motors is listed on the Stock Exchange of Hong Kong Limited under hkex number 305. The main business of Junshan Wuling Automobile Group Co., Ltd. is the manufacture and sales of automotive engines, accessories and special purpose vehicles in the PRC.
Source: Leju Finance
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