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CHINA AUTO NR signs MOU to buy Gunlie E-commerce
23 Sep 2019
(Infocast News) China Automobile New Retail (Holdings) (00526) announced that the company and one of the existing shareholders of Beijing Gunlie E-commerce, which is a company incorporated in the People’s Republic of China (PRC), entered into a memorandum of understanding (MOU).

Pursuant to the MOU, the company intends to acquire not less than 51 percent of the entire equity interest of Gunlie E-commerce.

Gunlie E-commerce is principally engaged in the business of procuring and importing foreign brand cars into the PRC automobile market. It provides a one-stop service package including car model selection, procurement, warehouse, logistics, financing, 3C certification, and customs clearance and inspection. (WL)
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