CIMC Group (02039) rose more than 4%. As of press release, it had risen 4.46% to HK$6.79, with a turnover of HK$106.191,000.
The Zhitong Finance App learned that CIMC Group (02039) rose by more than 4%. As of press release, it had risen 4.46% to HK$6.79, with a turnover of HK$106.191,000.
According to the news, the State Council recently issued the “Action Plan to Promote Large-Scale Equipment Renewal and Consumer Goods Trade-In”. Guotai Jun An pointed out earlier that as senior officials continue to thoroughly interpret the equipment renewal policy, relevant policy rules are expected to be introduced one after another, effectively driving the actual implementation of equipment updates. Containers that focus on supply contraction and renewal cycles are recommended.
In addition, CIMC Motor, a holding subsidiary of CIMC Group, recently announced a conditional offer to repurchase all issued H shares, with a cash price of HK$7.5 per share, a 4.9% premium over the pre-suspension price; the total value is approximately HK$1.1 billion, which is to be disbursed from internal resources. After completion, the company withdrew the listing status of H shares on the Stock Exchange and plans to maintain the listing of A shares on the Shenzhen Stock Exchange.