BAIC Motor, Daimler to Increase Capital in Chinese Car-Leasing JV
December 05 2019 - 6:20AM
Dow Jones News
By Martin Mou
BAIC Motor Corp. (1958.HK) and Daimler AG's China unit (DAI.XE)
have agreed to increase capital in their Chinese car-leasing joint
venture.
BAIC Motor will contribute another 175 million yuan ($24.8
million) to Mercedes-Benz Leasing Co., while Daimler Greater China
Ltd. will raise its capital in the joint venture by CNY325 million,
BAIC Motor said Thursday.
Write to Martin Mou at martin.mou@wsj.com
(END) Dow Jones Newswires
December 05, 2019 06:05 ET (11:05 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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