2 stories mentioning SHA:600686Updated 35d ago
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Xiamen King Long Motor's (SHA:600686) bus sales slipped 1.9% to 3,509 units in May from 3,575 units in the year-ago period, according to a Thursday filing with the Shanghai bourse.Bus production grew 1.6% to 4,146 units from 4,082 units.Shares fell 8% during late afternoon trading on Thursday.
Xiamen King Long Motor's (SHA:600686) controlling shareholder, Fujian Provincial Automobile Industry Group, plans to raise its holdings in the company by between 80 million yuan and 150 million yuan, according to a Friday disclosure on the Shanghai bourse.The total proportion of the raised stake will not exceed 2% of the automobile company's total share capital.The stake increase will be implemented within six months through centralized bidding and block trading.The company's shares jumped by less than 5% during the midday trade.
