KLM(SH:600686) Shang Hai Zheng Quan Bao·2025-09-29 22:48Core Points - The company, Xiamen King Long United Automotive Industry Co., Ltd., has announced the repurchase of all shares held by the National Development Fund Co., Ltd. in its subsidiary, King Long (Longhai) Investment Co., Ltd. [1][2] - The repurchase will result in the company owning 100% of King Long Longhai, enhancing strategic collaboration and management capabilities [2]. Summary by Sections Investment Background - In 2015, King Long Longhai received an investment of 410 million yuan from the National Development Fund, with a 10-year investment period and a return rate of 1.2% [1]. Share Repurchase Details - The company has previously repurchased 24.12% of King Long Longhai's shares for 86 million yuan in December 2020 and 119 million yuan in September 2023, increasing its ownership to 75.88% [2]. - A final repurchase of 205 million yuan for the remaining 24.12% of shares is scheduled for September 29, 2025, which will result in the company fully owning King Long Longhai [2]. Financial Impact - The repurchase will not affect the company's consolidated financial statements or its overall financial condition and will not harm the interests of shareholders, particularly minority shareholders [2].