MEIDONG AUTO (01268) Invests $20 Million to Subscribe to SERES' Investor Shares

Stock News

Oct 27

MEIDONG AUTO (01268) announced that on October 23, 2025, the company (as an investor) entered into a cornerstone investment agreement with SERES and China International Capital Corporation (CICC). Under the agreement, MEIDONG AUTO has agreed to subscribe to investor shares at the issue price, with a total investment amount of $20 million.

Considering the prospects and business outlook of SERES and its subsidiaries, the board of directors believes the proposed transaction under the cornerstone investment agreement holds strategic significance for MEIDONG AUTO. It will diversify the group's revenue streams and provide shareholders with sustainable investment returns.

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