Guangzhou Automobile plans to acquire 50% stake in FAW Toyota
GAC said in a Shanghai Stock Exchange filing it will fund the deal through a share issue priced at 5.75 yuan per share.
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Guangzhou Automobile plans to acquire 50% stake in FAW Toyota
Guangzhou Automobile Group SSE:601238 plans to acquire a 50% stake in FAW Toyota from a unit of state-owned automaker FAW Group through a share issue, GAC said in a Shanghai Stock Exchange filing on Monday.($1 = 6.7103 Chinese yuan renminbi)