Baoxin Auto Surges 25 Percent After $1.1 Billion Stake Sale

  • Trading resumes after suspenion following Dec. 4 deal
  • China's biggest car dealer buys stake amid sales slowdown

Baoxin Auto Group Ltd. jumped as much as 25 percent in Hong Kong on its first trading day since China Grand Automotive Services Co. bought a majority stake in the company for HK$8.2 billion ($1.1 billion).

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