Guangzhou Automobile Group has offered around HK$26bn (US$3.3bn) to buy out the remaining 62% of Hong Kong-traded affiliate Denway Motors Ltd that it does not already own. Guangzhou Auto's all-stock offer valued the company at HK$41.2bn, around HK$5.49 per share, according to a statement. Guangzhou Auto has offered to buy the Subscribe to Automotive World … Continued
Guangzhou Automobile Group has offered around HK$26bn (US$3.3bn) to buy out the remaining 62% of Hong Kong-traded affiliate Denway Motors Ltd that it does not already own. Guangzhou Auto's all-stock offer valued the company at HK$41.2bn, around HK$5.49 per share, according to a statement.
Guangzhou Auto has offered to buy the
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https://www.automotiveworld.com/articles/82126-china-guangzhou-offers-us-3-3bn-for-62-of-denway/
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