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Haier Group Envisions Strategic Synergy From Stake Acquisition in AUTOHOME-S
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Yun Chen, a subsidiary of PING AN (02318.HK), recently sold over 41.9% of its stake in AUTOHOME-S (02518.HK) (ATHM.US) to CARTECH, Haier Group's subsidiary. Upon completion of the transaction, CARTECH HOLDING will become the controlling shareholder of AUTOHOME-S, while Ping An P&C will continue to be one of the major shareholders of AUTOHOME-S by indirectly holding the company's shares through Yun Chen. Liu Chi, director of the board of Haier Group and chairman of CARTECH, anticipated that AUTOHOME-S and CARTECH will generate strategic synergy in building a new automotive industry ecosystem. Through close collaboration with AUTOHOME-S and Ping An P&C, more effort will be invested into user experience improvement in the future to continuously enhance the service level of the entire automotive lifecycle and build an industry-leading home-car interconnected ecosystem. AAStocks Financial News |
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