According to Zhitong Finance App, Hongqiao Group (08137.HK) announced that on August 21, 2026, the company entered into an acquisition agreement with Lianfengtai Technology, Geely Technology Group and the target company. Geely Technology Group has agreed to sell, and the company has already agreed to acquire 51% of the shares of the target company (through the wholly foreign-owned enterprise entity being set up by Lianfengtai Technology), at a cost of RMB 424.8 million (or HKD equivalent).

According to Zhitong Finance App, Hongqiao Group (08137.HK) announced that on August 21, 2026, the company entered into an acquisition agreement with Lianfengtai Technology, Geely Technology Group and the target company. Geely Technology Group has agreed to sell, and the company has already agreed to acquire 51% of the shares of the target company (through the wholly foreign-owned enterprise entity being set up by Lianfengtai Technology), at a cost of RMB 424.8 million (or HKD equivalent).