Qingling Motors Expands Finance Lease Model With New EV Repurchase Agreements
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Qingling Motors Co (HK:1122) has entered into five new repurchase agreements with a financial leasing company and dealers as part of its transition to a finance lease model for new energy vehicle sales. This move, along with previous agreements, qualifies as a discloseable transaction under Hong Kong listing rules, indicating a strategic approach to boost new energy vehicle sales while managing associated risks. The latest analyst rating for Qingling Motors is a Hold with a price target of HK$1.50.
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