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03669 YONGDA AUTO
RTNominal up2.180 +0.120 (+5.825%)
Disclosure of Interest

02/10/2019 10:30

Yongda Auto (03669) to buy car business at RMB830m

[ET Net News Agency, 2 October 2019] China Yongda Automobiles Services Holdings Limited
(03669) said it has conditionally agreed to acquire the entire issued shares of Inchcape
Asia Pacific Limited (the target company) at a consideration of RMB830 million.
The target company is the holding company of a target group. The target group operates a
Porsche 4S dealership and an authorised Tesla repair centre, both in Nanchang City,
Jiangxi Province, a Mercedes-Benz 4S dealership in Jiujiang City, Jiangxi Province and a
Lexus 4S dealership in Shaoxing City, Zhejiang Province. (RC)

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