Isuzu's offer to buy Qingling shares well-received

Newswire

HONG KONG, June 27 (Reuters) - Japanese truck maker Isuzu Motors Ltd. said on Monday it had received acceptance for more than double the number of shares it planned to buy in Chinese partner Qingling Motors . Isuzu will buy a total of 324.96 million Qingling shares or 13.09 percent of Qingling's entire issued share capital after getting valid acceptances of 820 million shares, it said in a statement. Isuzu announced in May that it would pay HK$624 million (US$80 million), or HK$1.92 per ...

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