China Harmony Auto's (HKG:3836) subsidiary Harmony New Energy Auto Service (Hong Kong) agreed to purchase certain assets from JC Motor for HK$150 million, a Monday Hong Kong bourse filing said.
The assets include showrooms, service centers, warehouses, and fixed assets like decorations, equipment and facilities, tools and office furniture, test drives and office cars, vehicles in stock, and spare parts in stock among others.
The group intends to fund the acquisition through its internal resources and upon completion, will become the sole distributor of BYD (HKG:1211, HKG:81211) new energy vehicles in the Hong Kong market.
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