Jiangte Motor to sell 100% equity of Joylong Automobile

Jiangte Motor announced on December 5 that the company plans to focus on the motor, lithium salt and their upstream industries, withdraw from the automobile industry, and transfer 100% equity of its wholly-owned subsidiary Joylong Automobile, and the buyer is Yangzhou Jiangdu Xiannv Infrastructure Construction Co.Asian Metal Copyright53 million US dollars, which will cause a large loss of the company's performance in 2019.Asian Metal Copyright, Ltd.Asian Metal Copyright97 million US dollars, and the disposal loss is expected to be 531 million yuan 75.Asian Metal Copyright The transaction price of the sale of Joylong Automobile's equity is 513 million yuan (72.Asian Metal Copyright, Ltd.Asian Metal Copyright97 million US dollars), and the disposal loss is expected to be 531 million yuan (75.Asian Metal Copyright, Ltd.Asian Metal Copyright53 million US dollars), which will cause a large loss of the company's performance in 2019.

.Asian Metal Copyright53 million US dollars, which will cause a large loss of the company's performance in 2019Asian Metal Copyright