Categories: World

BRIEF-SAIC Motor's Unit To Participate In Restructuring Of SAIC Hongyan

Published by TSG Syndication

Sept 30 (Reuters) - SAIC Motor Corp Ltd: * SAYS UNIT SHANGHAI NEW POWER AUTOMOTIVE TECHNOLOGY AND CO'S CONTROLLING SHAREHOLDER PLAN TO FORM CONSORTIUM WITH PARTNERS TO PARTICIPATE IN RESTRUCTURING OF SAIC HONGYAN * SAYS CONSORTIUM PLANS TOTAL INVESTMENT OF 3 BILLION YUAN ($421.38 million), OF WHICH SHANGHAI NEW POWER PLANS TO INVEST 666.4 MILLION YUAN Source text Further company coverage: ($1 = 7.1194 Chinese yuan renminbi) (Reporting by Beijing Newsroom) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication