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AUTO ITALIA (00720.HK) has terminated its Maserati dealership business in China.
On April 28, Glonghui reported that AUTO ITALIA (00720.HK) announced that as of April 28, 2025, the Board of Directors has decided to terminate the Maserati dealership business in China. Since the assets and revenues of the Maserati dealership business only account for approximately 0.8% of the group's total assets as of December 31, 2024, and about 11.2% of the total revenue for the group's fiscal year 2024, the Board of Directors believes that the termination will not have a significant adverse impact on the group's business operations and financial status.
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