China: Guangzhou Auto/GAC Changfeng Motor to merge

Guangzhou Automobile Industry Group has confirmed that its board of directors, and that of GAC Changfeng Motor (GC), have resolved to enter into a merger agreement which will involve the issue of not more than 470,113,336 A Shares to implement the deal. Guangzhou Automobile Industry currently holds 29% of the Subscribe to Automotive World to … Continued

• By Webmaster
• March 23, 2011