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Stock Market & Financial Investment News

News Breaks
March 5, 2014
10:00 EDTLASLentuo International rises 9.1%
Lentuo International is up 9.1%, or 39c, to $4.69
News For LAS From The Last 14 Days
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October 14, 2014
07:04 EDTLASLentuo International announces update on dealership with BMW
Lentuo International announced that its BMW dealership in Gaobeidian, Hebei Province has been officially registered with the Gaobeidian Administration for Industry and Commerce. This will be the first premium dealership in Gaobeidian, allowing customers to purchase premium cars, and get them serviced, in Gaobeidian rather than travel to surrounding cities such as Baoding, Beijing and Shijiazhuang as they previously had to. The dealership, which should officially open during the Q3 of 2015, is expected to sell 250 new premium cars and contribute about RMB125M in revenue in 2015. The Company believes that the dealership will break-even by the end of 2015. Once stabilized, the dealership is expected to sell about 900 new premium cars and contribute over RMB400M in revenue annually.

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