Zhi Tong Cai Jing·2025-11-10 11:08Core Viewpoint - GAC Group is engaging in a significant equity transaction involving GAC Honda and Dongfeng Motor Group, which will enhance its capital structure and maintain ownership ratios among stakeholders [1] Group 1: Equity Transaction Details - GAC Honda has entered into a property transaction contract with Dongfeng Motor Group to acquire 50% of Dongfeng Honda Engine for approximately RMB 1.1725 billion [1] - Following the property transaction, an equity increase agreement was signed on November 10, 2025, which will raise GAC Honda's registered capital from USD 541 million to approximately USD 867 million [1] - The total capital contribution for the equity increase will amount to about USD 326 million (approximately HKD 2.544 billion), with GAC Group contributing around RMB 1.1725 billion [1] Group 2: Ownership Structure - Post completion of the capital increase, GAC Group, Honda, and Honda China will maintain their respective ownership stakes in GAC Honda at 50%, 40%, and 10% [1]