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China's GAC Group has urgently suspended trading, with market rumors suggesting a strategic restructuring with China FAW Group.
GAC Group stated that its shares would be suspended from trading for the entire day on September 14 due to an unannounced material matter, with a major announcement expected after market close. Previously, China's Ministry of Industry and Information Technology had mentioned supporting mergers and acquisitions in the automotive industry.
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Source：华尔街见闻 · Source Link
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