-- Qingling Motors (HKG:1122) signed repurchase agreements with a batch of dealers covering 10 new energy vehicles, according to a Thursday Hong Kong bourse filing.
Shares of the firm were up nearly 5% in late morning trade on Monday.
The maximum aggregate repurchase price under the deal is estimated at 2.1 million yuan, to be funded with internal resources, the filing said.
The arrangement is part of Qingling's shift toward a finance lease model to boost sales of its new energy commercial vehicles.