Changan to Sell 10% Stake in Avatr for 3.18 Billion Yuan
Changan Automobile plans to sell the stake through a public listing, according to the Shanghai United Assets and Equity Exchange. The sale is valued at 3.18 billion yuan ($476.91 million).
China's Changan Automobile SZSE:000625 plans to sell a 10% stake in EV maker Avatr Technology via a public listing for 3.18 billion yuan ($476.91 million), according to the Shanghai United Assets and Equity Exchange.($1 = 6.6679 Chinese yuan renminbi)