Shanghai Automotive (600104) announced that the board of directors approved the company's joint venture with GM China set up "Shanghai General Motors Ltd.", the registered capital of 49 million, of which Shanghai Automotive invested $ 24,990,000 in cash, more than 51% of total shares. The joint venture will enable Shanghai Automotive in Shanghai ...Shanghai GM, SAIC transfer 1% of equity countdown
Wednesday, October 26, 2011
Shanghai GM, SAIC transfer 1% of equity countdown
Shanghai Automotive (600104) announced that the board of directors approved the company's joint venture with GM China set up "Shanghai General Motors Ltd.", the registered capital of 49 million, of which Shanghai Automotive invested $ 24,990,000 in cash, more than 51% of total shares. The joint venture will enable Shanghai Automotive in Shanghai ...Shanghai GM, SAIC transfer 1% of equity countdown
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