Summary by Moomoo AI
HUACHEN CHINA AUTOMOBILE HOLDINGS LIMITED (“HUACHEN CHINA”) ISSUED AN EXTERNAL ANNOUNCEMENT ON JANUARY 22, 2024 IN RESPONSE TO RECENT MEDIA REPORTS THAT THE COMPANY MAY SELL ITS 25% STAKE IN HUACHEN BMW AUTOMOBILE CO., LTD. THE BOARD OF DIRECTORS OF HUACHEN CHINA SAID THAT, AFTER REASONABLE ENQUIRIES, IT WAS NOT AWARE OF THE CONTENT AND SOURCE OF THE MEDIA REPORTS, AND NOTED THAT ITS CONTROLLING SHAREHOLDER HUACHEN AUTOMOBILE GROUP HOLDINGS LIMITED HAD ALSO DENIED THE REPORTS. HUACHEN CHINA REMINDS SHAREHOLDERS AND POTENTIAL INVESTORS TO EXERCISE CAUTION WHEN TRADING COMPANY SHARES.