SHANGHAI, June 23 (Reuters) - SAIC group, China's biggest auto conglomerate, is to inject 8.8 billion yuan ($1.28 billion) of auto parts assets into Shanghai Bashi Industrial (Group) Co , becoming its parent under a previously announced asset-for-equity deal. Meanwhile, Bashi, a struggling bus service provider in Shanghai, will shed about 2.2 billion yuan of public transport assets, Bashi said in a stock exchange statement on Monday. The planned injection of SAIC's auto parts assets, a ...
Premium Content (PAID Subscription Required)
"SAIC to put $1.3 bln autoparts assets into Bashi" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.