Isuzu to pay 30 pct premium to raise Qingling stake

Newswire

HONG KONG, May 23 (Reuters) - Japanese truck maker Isuzu Motors Ltd. said it would pay HK$624 million (US$80 million) to raise its stake in Chinese light truck maker Qingling Motors -- a 30 percent premium to the last traded share price. Isuzu would buy 324.96 million H shares of Qingling Motors Co. Ltd. at HK$1.92 each, the companies said in a joint statement, compared with a last traded price for Qingling shares of HK$1.48. Isuzu , about 10 percent owned by General Motors Corp , said ...

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