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2026-09-15 10:45:12 GAC GROUP (02238.HK) is planning a major asset restructuring, CICC published a research report mentioning. If implemented, it was expected to become an important precedent for cross-regional integration between central and local state-owned automakers, sending a positive anti-involution signal and potentially improving market sentiment. However, details of the restructuring progress, effectiveness, and impact on improving the industry landscape remain to be observed. GAC GROUP and FAW forged a letter of intent on September 14, proposing to acquire part of the equity interest in a passenger vehicle joint venture held by FAW through share issuance, while raising supporting funds. FAW will become the second-largest shareholder of GAC GROUP with strategic influence. The transaction was foreseen to constitute a major asset restructuring and connected transaction, but will not change the actual controller of GAC GROUP, nor constitute a backdoor listing. Key terms including the target asset name, transaction ratio and valuation have not yet been disclosed, and the final plan remains subject to formal agreements and regulatory approvals. ~ AASTOCKS Financial News Website: www.aastocks.com | |