SHANGHAI, Nov 30 (Reuters) - Shanghai Automotive Co. Ltd. said on Thursday it had obtained final regulatory clearance to proceed with a 19.1 billion yuan ($2.4 billion) deal to buy key assets from its parent, SAIC Motor Corp. The China Securities Regulatory Commission has approved a plan for Shanghai Auto to issue 3.28 billion new A-shares to SAIC, China's biggest car maker, at a price of 5.82 yuan each. In return, Shanghai Auto will obtain assets including SAIC's stakes in lucrative ...
Premium Content (PAID Subscription Required)
"Shanghai Auto's $2.4 bln restructuring approved" 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!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.