Haier Group to acquire near 42% stake in Autohome for $1.8 billion

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The story "Haier Group to acquire near 42% stake in Autohome for $1.8 billion" was covered 2 days ago by Channel News Asia, a news publisher based in Singapore.

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Haier Group to acquire near 42% stake in Autohome for $1.8 billion - Channel News Asia

Quick Summary:

Hong Kong-listed Autohome said on Thursday its controlling shareholder Yun Chen Capital Cayman has agreed to sell 41.91 per cent stake in the company to a unit of Haier Group Corp for $1.8 billion.

Haier Group to acquire near 42% stake in Autohome for $1.

FILE PHOTO: People stand under a Haier company sign at the Appliance and Electronics World Expo (AWE) in Shanghai, China March 23, 2021.