GAC Group shares were suspended from trading on the Shanghai Stock Exchange on September 14. The company confirmed the halt was urgent and related to an upcoming announcement scheduled for after the market close.
Representatives from GAC Group declined to provide details regarding the content or the exact timing of the release. The company also did not comment on market rumors circulating over the weekend about a potential strategic restructuring or joint venture with FAW Group.
The suspension follows recent statements from the National Development and Reform Commission regarding the automotive industry. Officials have expressed support for market-driven mergers and the consolidation of R&D and production resources among large enterprise groups to reduce competition.
