SAIC Gets Go-ahead for Share Transfer

SHANGHAI Automotive Industry Corp (Group), China's largest auto maker, has received government approval to transfer shares in a listed unit to Nanjing Automobile Group Corp.

 

Shanghai Auto received notice recently from the local state-asset supervision and administration agency to transfer 320 million shares in SAIC Motor Corp to Nanjing Auto, the listed unit told the Shanghai Stock Exchange on Saturday. After the transfer, Nanjing Auto will hold 4.88 percent of SAIC Motor.

Related China Bus News

• BYD Delivers 100 Units of 12-Meter Electric Buses to Uruguayan Operator CUTCSA 09-26
• Ankai Bus: High Standards Escort World-Class Event 09-26
• Zhongtong H12 High-end Tourist Bus Officially Delivered to Jilin 09-25
• Ankai Empowers Smart Mobility with Innovative Technology 09-24
• Visiting Invitation: China Buses Expo 2024 in Shanghai China 09-20
• Foton eVIEW GRAND World Debut in Saudi Arabia 09-20
• Higer Bus Shines at the IAA Transportation 2024 in Hannover 09-19
• Zhongtong H13E Debuts at the 2024 IAA Transportation in Hannover 09-19
• First Appearance of Higer Bus at the IAA TRANSPORTATION 09-14
• Consul General of Australia in Shanghai Visits Bonluck Bus Company 09-14
• Shudu Bus Delivers 100 Buses to Nigeria 09-14