Chinese vehicle manufacturer SAIC Motor has picked up a 0.97% stake in General Motors through GM's initial public offering on 18 November. SAIC paid nearly US$500m for its stake. This transaction was carried out through the company's wholly-owned subsidiary SAIC Motor Hong Kong Investment. The company acquired 15,151,515 common shares at Subscribe to Automotive World … Continued
Chinese vehicle manufacturer SAIC Motor has picked up a 0.97% stake in General Motors through GM's initial public offering on 18 November. SAIC paid nearly US$500m for its stake.
This transaction was carried out through the company's wholly-owned subsidiary SAIC Motor Hong Kong Investment. The company acquired 15,151,515 common shares at
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https://www.automotiveworld.com/articles/84746-china-saic-buys-stake-in-gm/
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