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BRIEF-Guangzhou Automobile's unit plans financing, JV with Honda to start AC model project
October 20, 2017 / 10:36 AM / 2 months ago

BRIEF-Guangzhou Automobile's unit plans financing, JV with Honda to start AC model project

Oct 20 (Reuters) - Guangzhou Automobile Group Co Ltd

* Says board approves car financing JV to issue up to 4.0 billion yuan ($604.32 million) car mortgage asset-backed securities

* Says board approves JV with Honda to start AC model production project worth 383.5 mln yuan

* Says board approves unit to invest 138 million yuan in logistics project

Source text in Chinese: bit.ly/2hRbvc1

Further company coverage: ($1 = 6.6190 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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