On May 6th, Chang'an Automobile announced that the investment cooperation project between the company and Huawei is currently being actively promoted. As of the disclosure date of this announcement, the company has basically completed the financial, legal, business, and technical due diligence involved in this project. Currently, both parties are further negotiating on the key terms of the transaction. According to the latest project progress, the company expects to sign the final transaction documents no later than August 31st.
Edited by Cassie Li, lixiangying@mysteel.com