Great Wall says to buy GM's Thailand car plant

BEIJING (Reuters) – China’s Great Wall Motor (601633.SS) said on Monday it had signed a binding agreement to purchase a car plant from General Motors (GM.N) in Thailand.

Great Wall said in a statement it expects to complete transaction of Rayong car plant, which is currently operated by GM, by the end of 2020.

GM said on Monday it was rearranging global operations.

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