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Feng Xingya: GAC GROUP/ Aion Have No Connection to 'Evergrande of Auto Sector'
In response to rumors that GAC Aion has become the 'Evergrande of the auto industry' and will face spoiler, GAC GROUP (02238.HK)(601238.SH) issued an official statement say...
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Feng Xingya: GAC GROUP/ Aion Have No Connection to 'Evergrande of Auto Sector'
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In response to rumors that GAC Aion has become the 'Evergrande of the auto industry' and will face spoiler, GAC GROUP (02238.HK)  +0.060 (+2.151%)    Short selling $1.00M; Ratio 5.307%   (601238.SH)  +0.070 (+0.942%)   issued an official statement saying that the misinformation about GAC Aion's employee stock ownership spread by self-media is purely malicious rumor, and has been reported to the police.

Feng Xingya, Chairman and General Manager of GAC GROUP, subsequently held a small-scale press conference personally responding that GAC GROUP is one of the companies with the best financial structure in China's auto industry, with a debt asset ratio of only 47.6% last year.

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Feng affirmed that, neither GAC GROUP nor GAC Aion has any connection to the 'Evergrande of the auto industry' or any "spoiler" ahead.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-24 12:25.) (A Shares quote is delayed for at least 15 mins.)

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