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| HSI1 | 24,917.60 | +111.97 | 192.63B |
| HSCEI1 | 8,284.58 | +38.25 | 51.08B |
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2026-09-14 16:57:19 GAC GROUP (02238.HK) H shares has been suspended from trading today (14th) pending the release of undisclosed material information, while trading of its A shares has also been halted. In a report, Morgan Stanley cited a weekend Caixin report stating that FAW Group may acquire an equity stake in GAC GROUP through asset transfers and other means, forming an affiliated relationship between the two companies. However, neither company has commented on the matter. The broker believed that if the restructuring is ultimately implemented, it may accelerate industry consolidation amid concerns over excess production capacity. The broker also noted that BAIC MOTOR (01958.HK) share price spiked today, possibly driven by the weekend consolidation news. The broker maintained an Overweight rating on GAC GROUP with a TP of HKD2.7, implying 26% upside from the closing price of HKD2.14 on 11 Sep. ~ AASTOCKS Financial News Website: www.aastocks.com | |