Autohome Inc. Announces Change in Controlling Shareholder and Management Change
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Autohome Inc. (NYSE: ATHM) announced a change in its controlling shareholder as Yun Chen Capital Cayman, a subsidiary of Ping An, agreed to sell its 41.91% stake to CARTECH HOLDING COMPANY, a subsidiary of Haier Group, for approximately $1.8 billion.
February 20, 2025 | 12:15 pm
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Autohome Inc. experiences a significant change in ownership as Yun Chen Capital sells its controlling 41.91% stake to CARTECH HOLDING COMPANY, a Haier Group subsidiary, for $1.8 billion.
The sale of a controlling stake in Autohome Inc. to a new entity can lead to strategic changes and potential growth opportunities, positively impacting the stock price in the short term.
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