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China Grand Automotive Services Group Faces Delisting
China Grand Automotive Services Group (SHA:600297) received a warning from the Shanghai Stock Exchange that it could be delisted due to the devaluation of its shares, according to the auto dealership
China Grand Automotive Services Group (600297.SH): The Guanghui Group has accumulated a 0.51% shareholding in the company's stock.
On June 18, China Grand Automotive Services Group (600297.SH) announced that up to the disclosure date of this announcement, China Grand Group has cumulatively increased its shareholding in the company by 41.7112 million shares, accounting for 0.51% of the company's total share capital as of June 5, 2024. The total amount of increase is CNY 50.9859 million, which has reached the lower limit of the increase plan. The increase plan has not yet been fully implemented, and China Grand Group will continue to selectively increase its shareholding in the company according to the increase plan.
China Grand Automotive Services Group (600297.SH): The sales volume of the company's Wenjie brand new cars is indeed very hot.
On June 18th, Gelonghui reported that China Grand Automotive Services Group (600297.SH) said on an interactive platform that sales of the company's Wanjie brand new cars were indeed booming. In recent years, the company has actively accelerated its transformation into new energy vehicles and deepened cooperation with many new energy brands. At present, it has obtained authorization from nearly 70 new energy brands, among which it has already established a good relationship with Wanjie brand. As of the end of the first quarter of 2024, the company has 5 operating stores of Wanjie, and its sales and profit performance since last year is outstanding. At the same time, the company is continuing to follow up on the network layout planning of brands such as Chongqing Sokon Industry Group (Wanjie), fully utilizing its own network.
China Grand Automotive Services Group (Ticker 600297.SH): China Grand Holdings has cumulatively increased its shareholding by 0.25%.
On June 6th, Gelunhui reported that China Grand Automotive Services Group (600297.SH) announced that as of the disclosure date of this announcement, China Grand Group accumulated a shareholding of 20,650,000 shares of the company, accounting for 0.25% of the total share capital of the company on June 5, 2024, with a shareholding amount of 27,653,145.67 yuan.
China Grand Automotive Services Group (600297.SH): Some directors, supervisors, and senior management personnel shareholding 690,000 shares.
On June 5th, Gleagle News reported that China Grand Automotive Services Group (600297.SH) announced that from June 4th, 2024 to June 5th, 2024, some directors, supervisors, and senior management personnel would increase their shareholding in the company by a total of 690,200 shares through the Shanghai Stock Exchange auction, accounting for 0.0085% of the total share capital of the company, and the total amount of the shareholding increase was RMB 954,931.
China Grand Automotive Services Group (600297.SH) has increased its shareholding by 6 million shares of the company.
On June 4th, Geely Holdings announced that on June 4th, 2024, the company received a notice from China Grand Automotive Services Group informing them that it had increased its shareholding in the company by 6 million shares through centralized competitive bidding on the Shanghai Stock Exchange, accounting for 0.07% of the total share capital, with an increase in value of RMB 8,008,821.
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