Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Stocks / IPOs
 Search News  Or
Guangzhou Auto to sell 50% stake in GAC Mitsubishi

Sep. 6, 2012 (China Knowledge) - Guangzhou Automobile Group Co Ltd<601238><2238>, a major automaker in South China, has announced today that it has agreed to sell a 50% stake in GAC Mitsubishi Motor Co to Mitsubishi Motors Corp and Mitsubishi Corp.

Upon the completion of the deal, Guangzhou Auto will own 50% of GAC Mitsubishi, and Mitsubishi Motors Corp and Mitsubishi Corp will hold a 33% and 17% stake in GAC Mitsubishi, respectively.

From Aug. 6 to Sep. 3, 2012, the public listing for transfer of the 50% equity interest
in GAC Mitsubishi was announced at Guangzhou Enterprises Mergers and Acquisitions services at a floor price of RMB 1.39 billion.

Guangzhou Auto said earlier that its net profit fell 15.15% YoY to RMB 1.48 billion in the first half of this year, according to an earlier report from China Knowledge.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved