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Jinzhong Auto shareholders plan 19.5% stake sale for 586 million yuan

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  • Jinzhong Auto shareholders agreed to sell 19.5% of the company to Hangzhou Weizhi.
  • 586 million yuan values the 23.686 million-share transaction at 24.73 yuan per share.
  • Hangzhou Weizhi will become Jinzhong Auto’s second-largest shareholder after required approvals and registration.
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