According to Zhitong Finance App, GAC Group (02238.HK) issued an announcement. On October 15, 2024, GAC Leasing, an indirect wholly-owned subsidiary, signed a share expansion and capital increase agreement with the subscriber Dongfang Huili Personal Finance Co., Ltd. on the date of this announcement. Based on this, GAC Leasing will increase its registered capital from RMB 1.7 billion to RMB 3.4 billion. As the successful bidder of GAC Leasing's public listing on the Guangzhou Property Exchange, the subscriber will subscribe for GAC Leasing's additional registered capital of RMB 1.7 billion, at a cost of RMB 2,132.5 billion (equivalent to HK$2,337.6 billion).

According to Zhitong Finance App, GAC Group (02238.HK) issued an announcement. On October 15, 2024, GAC Leasing, an indirect wholly-owned subsidiary, signed a share expansion and capital increase agreement with the subscriber Dongfang Huili Personal Finance Co., Ltd. on the date of this announcement. Based on this, GAC Leasing will increase its registered capital from RMB 1.7 billion to RMB 3.4 billion. As the successful bidder of GAC Leasing's public listing on the Guangzhou Property Exchange, the subscriber will subscribe for GAC Leasing's additional registered capital of RMB 1.7 billion, at a cost of RMB 2,132.5 billion (equivalent to HK$2,337.6 billion).