HONG KONG, Sept 25 (Reuters) – Chongqing Qianli Technology (601777.SS), opens new tab said on Thursday its key shareholder has agreed to transfer a 3% company stake, valued at 1.34 billion yuan ($187.90 million), to Mercedes-Benz Group (MBGn.DE), opens new tab.
Chongqing Lifan Holdings has agreed to transfer 135.63 million shares of Chongqing Qianli at 9.87 yuan apiece to Mercedes-Benz, which undertakes not to reduce its shareholding in the next 12 months, the Qianli Technology said in a filing, opens new tab to the Shanghai bourse.
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($1 = 7.1315 Chinese yuan renminbi)
Reporting by Hong Kong newsroom; Editing by Kim Coghill