Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
SAIC Plans Bonds Issue to Develop Own Auto Brand
Adjust font size:

Chinese carmaker Shanghai Automotive Industry Corp. (SAIC) plans to issue convertible bonds worth eight billion yuan (US$1.04 billion) to finance the development of its own-brand cars, the China Securities Journal reported on Wednesday.


The bonds, convertible into shares of the SAIC and with attached warrants entitling the purchase of shares, are expected to raise up to 16 billion yuan.


The fund raised will be used to build its own brands, make commercial vehicles, develop auto financing business and payback bank loans.


For more details, please read the full story in Chinese (http://www.cs.com.cn/zq/01/200707/t20070725_1168365.htm).


(China.org.cn July 25, 2007)


Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
Related Stories

July 19 Shanghai Shanghai Finance Forum

Aug. 8-10 Beijing Company Summit Conference of China

Aug. 18-19 Beijing China Economic Development Forum

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback
Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号