UPDATE 3-Pangda chairman confident Saab deal will proceed

Newswire

* Chairman clarifies committed to Saab deal * Shares of Saab parent rebound sharply on clarification * Saab still awaiting vital 70 mln euro bridge loan (Recasts with new comments from Pangda chairman, explanation of previous remarks) By Fang Yan and Ken Wills CHENGDU, Oct 12 (Reuters) - The chairman of Chinese auto dealer Pangda Automobile Trade Co Ltd is "confident" its planned investment in Saab will go through, clarifying earlier remarks he made suggesting the deal was void. ...

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