MEIDONG AUTO (01268) spent $20 million to subscribe to investor shares of Chongqing Sokon Industry Group Stock.

20:39 27/10/2025

East America Auto (01268) announced that on October 23, 2025, the company (as an investor) and Sai...

MEIDONG AUTO (01268) announces that on October 23, 2025, the company (as an investor) entered into a cornerstone investment agreement with Chongqing Sokon Industry Group Stock and CICC. The company has agreed to subscribe for investor shares at the offering price. The total investment amount for the investor shares is 20 million US dollars. Considering the prospects and business outlook of Chongqing Sokon Industry Group Stock and its subsidiaries, the directors believe that the transactions proposed under the cornerstone investment agreement are strategically important for the company. This can diversify the sources of income for the group and provide sustainable investment returns for shareholders.

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