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China Harmony Auto Expands as BYD Distributor in Hong Kong
Auto retailers Pusu Yongda Auto (03669) rose by 10.64%, with institutions expecting sustained increase in year-end car purchase demand.
Jinwu Financial News | Car dealers/auto retailers generally rise, yongda auto (03669) increases by 10.64%, meidong auto (01268) rises by 5.13%, harmony auto (03836) rises by 2.82%, zhengtongauto (01728) rises by 2.5%, zhongsheng hldg (00881) increases by 2.31%. Senior economist Xu Changming from the National Information Center stated today at the 2024 Automotive Finance Industry Summit that the domestic wholesale sales volume of passenger vehicles is expected to be 23 million units for the whole year, a year-on-year increase of 2.7%, and terminal sales are expected to reach about 23.5 million units, a year-on-year increase of 6-7%, for the entire year new.
Trending Industry Today: ZHONGSHENG HLDG Leads Gains In Car Dealers Stocks
Harmony Auto (03836.HK) plans to acquire new energy autos showroom, service center, warehouse, and other assets for 0.15 billion Hong Kong dollars.
Gelonghui, 4th November, Harmony Auto (03836.HK) announced that on 4th November 2024, Harmony new energy auto service (Hong Kong) Limited, as the buyer (an indirectly non-wholly-owned subsidiary), entered into a sales agreement with the seller, Great Wall Autos Limited, Jiaxing (as the creditor of the seller), and Shi (as the guarantor), under which the seller conditionally agrees to sell and the buyer conditionally agrees to purchase assets for a price of 0.15 billion Hong Kong dollars. The assets to be purchased by the buyer under the sales agreement include showrooms, service centers, warehouses, warehouse spaces, fixed assets (such as decorations, equipment and facilities, tools, and office furniture).
China Harmony Auto Acquires Assets in HK$150 Million Deal
Express News | China Harmony Auto - Unit to Buy Showrooms, Service Centers, Others, for HK$150 Mln
