Leapmotor's RMB 6.7bn private placement approved; FAW's RMB 3.7bn investment faces paper loss

Leapmotor's RMB 6.7 billion private placement has received regulatory approval, according to a Sina Tech report. The report says the deal leaves FAW Group facing a roughly RMB 1.5 billion paper loss on its RMB 3.7 billion investment.

Detected & updated continuously · Source: Nebula