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Sunfonda Group Units Sell Three Automotive Wings to Zhongsheng Group Arm
Sunfonda GP (01771.HK) plans to sell all equity interests in Suzhou Sunfonda Toyota, Wuxi Sunfonda and Yangzhou Sunfonda Junsheng.
On July 22, Glorious Sunfonda GP (01771.HK) announced that on July 20, 2024, (i) Shaanxi Sunfonda and Shaanxi Sunfonda Auto Technology Development (both indirect wholly-owned subsidiaries of the company) signed Agreement A with China National Chemical Corporation Dalian; (ii) Shaanxi Sunfonda Auto Technology Development and Sunfonda Hong Kong (indirect wholly-owned subsidiaries of the company) signed Agreement B with China National Chemical Corporation Dalian; and (iii) Shaanxi Sunfonda Auto Technology Development signed Agreement C with China National Chemical Corporation Dalian, selling all the equity interests of Suzhou Sunfonda Toyota, Wuxi Sunfonda, and Yangzhou Sunfonda Junsheng. After the completion of the sale,
Express News | Sunfonda - Disposal of Entire Stake in Yangzhou Sunfonda Junsheng for RMB28 Mln
Express News | Sunfonda Group Holdings Ltd - Disposal of Entire Stake in Suzhou Sunfonda Toyota for RMB18 Mln
Express News | Sunfonda - Disposal of Stake in Suzhou Sunfonda Toyota, Wuxi Sunfonda and Yangzhou Sunfonda Junsheng
SUNFONDA GP: 2023 Annual Report
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