UPDATE 1-Isuzu to pay 30 pct premium to raise Qingling stake

Newswire

(Adds details, comments, background) HONG KONG, May 23 (Reuters) - Japanese truck maker Isuzu Motors Ltd. on Monday said it is offering to pay HK$624 million (US$80 million) to nearly triple its stake in Chinese partner Qingling Motors -- a 30 percent premium to Qingling's last closing price. The deal would bolster Isuzu's presence in China and lift its holding in Qingling to 20 percent from 6.9 percent. Shares in Qingling, which had rallied by 22 percent in the three months through ...

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