Skip navigation
Newswire

CORRECTED - CORRECTED-DaimlerChrysler to buy stake in China's Foton

(corrects size of issue to parent)

SHANGHAI, Nov 30 (Reuters) - DaimlerChrysler will take a stake in Chinese commercial vehicle maker Beiqi Foton Motor Co. , buying 297 million new A-shares in the company, Foton said on Thursday.

Foton will also issue 129.11 million new shares to its state parent.