FilingReader Intelligence

FAW Jiefang progresses on asset sale, receives funds

March 22, 2025 at 05:08 AM UTCBy FilingReader AI

FAW Jiefang Group (SZSE:000800) announced it has received RMB 492,388.61 thousand in dividend and equity transfer payments related to the sale of its 21.8393% stake in FAW Finance to China First Automobile Co., Ltd. The sale was approved at company meetings in late 2024. The agreement stipulates that the price is subject to adjustments based on any cash dividends paid on pre-benchmark profits of the assets being sold. The company noted that subsequent steps for the transaction include a transitional audit of FAW Finance, adjustments based on the audit's findings, completion of industrial and commercial registration changes, and continued fulfillment of obligations under relevant agreements and regulations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:000800Shenzhen Stock Exchange
Automotive

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