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GAC Responds to Rumor: No Plan to Integrate External Capacity at Present
Recommend 14 Positive 23 Negative 17 |
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Rumor spread that GAC Group’s Huawang Automotive (GH) project might acquire EVERG VEHICLE (00708.HK)'s Nansha factory. China Securities Journal quoted a source from GAC GROUP (02238.HK)(601238.SH) as responding that GH will prioritize utilizing its existing production capacity and, at least for now, has no plans to integrate external capacity. EVERG VEHICLE's shares shot up as much as 2.3 times to peak at HKD0.4 during the afternoon session today (26th), closing up 74.79% at HKD0.208. AAStocks Financial News |
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