Reynolds joined Korea SsangYong bid potential bid for up to 7 House Party
Kenilworth (Xinhua Yin Wei static Crystal) Korea, local media reported on 31 May , France car company Renault has recently formally responsible for the sale of SsangYong motor vehicle Macquarie securities company submitted letters of intent to join the double Dragon acquisition bid. Thus, SsangYong motor's potential bid for the party had increased to 7.
SsangYong motor, has seven potential investors to its expressed intention of the acquisition, including four foreign investors and three Korea domestic investors.
Usines related official said, the acquisition of intent submitted officially marked substantive work acquisitions made.
It is understood that by Renault holding more than 95% of Renault Samsung motor company is the third largest car manufacturer in Korea, the Korea market share of more than 10%.
Yesterday, the SAIC group, press spokesman for the White Rose said she had not been informed of the Renault intends to purchase Dragon's message.
SAIC group shuanglongqi plantain first shareholder, February 2009, at the Dragon after debt, SAIC group holds a SsangYong motor company from 51.33% to 11.2%.
Background
SAIC "18 million" throw bag
In January 2005, hope to overseas expansion of SAIC invested 5 million acquired SsangYong 48.92% stake. Since then, worry about shareholder SAIC transfer technology and other factors, SsangYong motor trade unions for SAIC "and buying", the ultimate Dragon in China-made project failed to achieve, and its own difficulties.
In January 2009, at SAIC refuse additional investment, SsangYong motor to Korea Court entered bankruptcy protection program application. A month after the application is approved. Then the Dragon will value KRW 3933 billion of debt to equity, SAIC holds double Dragon co. from 51.33% to 11.2%. It is estimated that SAIC for this loss of nearly 18 million Yuan. To this end, SAIC insiders said, "the early release of SAIC will be able to make more effort and funds for the development of new projects. ”
Reporter Wei xuezhen
(The Beijing News)