Nov 24, 2020 05:04 PM (GMT+8) · EqualOcean
Jac announced that on November 24, 2020, the company received the notice of VW China investment. According to the investment agreement on Anhui Jianghuai Automobile Group Holding Co., Ltd. signed by VW China investment with Anhui SASAC and JAC holdings on June 11, 2020, and the investment agreement on JAC Volkswagen Co., Ltd. signed with JAC and Jac Volkswagen on June 11, 2020 In the investment agreement, Volkswagen China investment has submitted the anti-monopoly examination declaration to the anti-monopoly examination authorities of the relevant countries with the pre declaration obligation for the transactions under the two investment agreements. As of November 23, 2020, Volkswagen China investment has obtained the approval of the antitrust examination department in relevant countries.