Sept 15 (Reuters) - China Grand Automotive Services Co Ltd * Says considers offer to buy Baoxin Auto Group via cash Source text in Chinese: bit.ly/1J9soma Further company coverage: (Reporting by Hong Kong and Singapore newsrooms)
Baoxin Grand Automotive is in preliminary talks to buy a stake in China Auto Group, Baoxin's largest dealer group of BMW AG, amid a slowdown in new car sales in the Baoxin's vehicle market. Baoxin Grand Automotive will pay a refundable HK$50m ($6.45m) in cash to China. Both companies have experienced a drop in net income for 1H2015.