Sinomach Automobile announced that its wholly-owned subsidiary plans to reduce its shareholding in Wanxiang Qianchao's stocks through the secondary market, accounting for 0.08% of Wanxiang Qianchao's total share capital. On the same day, its subordinate company, Shanghai Mingchuang Automobile Sales and Service Co., Ltd., plans to dispose of 30 valid vehicle license plate quotas in Shanghai, and entrust Shanghai International Commodity Auction Co., Ltd. for auction.
国机汽车：子公司拟出售所持万向钱潮0.08%股票
Sinomach Automobile: Subsidiary plans to sell 0.08% of its stocks in Wanxiang Qianchao.
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