United States

Hongli Zhihui Group to sell 4.8 pct stake in new energy vehicle for 80 mln yuan

Tuesday, 26 Sep 2017 12:51am EDT 

Sept 26(Reuters) - Hongli Zhihui Group Co Ltd <300219.SZ>:Says co plans to sell 4.8 percent stake in a Zhejiang-based new energy vehicle firm to an individual for 80 million yuan.Says co will only indirectly hold 7.2 percent in the Zhejiang-based firm via co's wholly owned unit after transaction.