Hongqi's Egypt Agent Denies Agency Transfer, Confirms Operations Continue

FBB Motors, the official agent for Hongqi cars in Egypt, has issued a formal statement denying recent media reports and social media claims that another company has acquired the Hongqi agency locally. The statement, released by the company, described the rumors as completely false and not representing the company's official position. FBB Motors emphasized that no acquisition has taken place and that any significant developments regarding partnerships, agencies, or future investments will be announced officially through the company.

Strong Denial of Hongqi Agency Transfer Rumors

The statement comes in response to widespread speculation over the past few days about a possible takeover of the Hongqi agency in the Egyptian market. FBB Motors categorically denied these claims, reaffirming its commitment to maintaining customer trust and delivering the highest levels of service and technical support. The company urged the public to verify information through official channels and not to fall for rumors that could harm the brand's reputation. This denial underscores the company's dedication to transparency and its determination to protect its business interests in Egypt.

Business Operations and Expansion Plans Remain Unchanged

FBB Motors also confirmed that its operations are running normally on both commercial and operational levels. The company's showrooms and service centers are fully operational, welcoming customers as usual and providing maintenance, after-sales services, and technical support. FBB Motors continues to implement its expansion plans in the Egyptian market, reflecting its confidence in the market's potential. The company highlighted that it's part of FBB Holding, a regional entity with a strong presence and activities across several countries in the region. That reinforces the group's strength and business continuity.

Legal Warning Against Rumors Spreaders

FBB Motors warned that it reserves the full right to take all necessary legal actions against anyone who publishes or circulates false or misleading information that could damage the company's reputation or commercial interests, in accordance with applicable laws in Egypt. This warning sends a clear message that the company won't tolerate any attempts to harm its reputation or its customers' interests. The move reflects the agent's commitment to transparency and legal compliance, while stressing that any future developments will be announced officially through the company's official channels.