According to the Zhitong Finance App, Botai Auto Federation (02889.HK) announced that on August 21, 2026, the company plans to acquire 20% of Guangzhou Seagull Housing Industry Co., Ltd. (002084.SZ) from Zhongyu Investment at a cost of 800 million yuan, equivalent to approximately RMB 6.19 per A-share. After the acquisition is completed, the company will hold 20% of the total issued share capital of the target company and will become the controlling shareholder of the target company.

According to the Zhitong Finance App, Botai Auto Federation (02889.HK) announced that on August 21, 2026, the company plans to acquire 20% of Guangzhou Seagull Housing Industry Co., Ltd. (002084.SZ) from Zhongyu Investment at a cost of 800 million yuan, equivalent to approximately RMB 6.19 per A-share. After the acquisition is completed, the company will hold 20% of the total issued share capital of the target company and will become the controlling shareholder of the target company.