Cointime update: Hefei Municipal State-owned Assets Supervision and Administration Commission has approved Hefei Construction Investment’s agreement to acquire 96,180,444 unrestricted shares, or 5.30% of Gotion High-Tech, from Volkswagen (China) Investment at 24.09 yuan per share for a total of 2.317 billion yuan. The transfer still requires Shenzhen Stock Exchange compliance confirmation and share transfer registration with China Securities Depository and Clearing’s Shenzhen branch.
Hefei SASAC approves Hefei Construction’s purchase of 5.30% stake in Gotion High-Tech from Volkswagen China
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