Qingling Motors Signs Repurchase Deals for New Energy Vehicles
MT Newswires Live
Sep 23
Qingling Motors (HKG:1122) entered into three repurchase agreements with a road freight transportation company for 65 new energy vehicles, according to a Tuesday filing with the Hong Kong bourse.
Shares of the company rose more than 2% in Wednesday's midday trade.
The maximum aggregate repurchase price is expected to be 15.1 million yuan, the company said.
The vehicles were leased by Wuhan Xinxiang Anda Logistic from Chongqing Transportation Equipment Financial Leasing under finance lease agreements.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.