GM to regain control in SAIC joint venture
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China.org.cn, August 8, 2011
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Shanghai Volkswagen and Shanghai GM are the major sources of income for SAIC, accounting for 70-80 percent of its total revenues. |
| GM to regain control in SAIC joint venture |
通用汽車擬提前回購上汽通用1%股權(quán)? |
| General Motors Co. plans to buy back the controlling 1 percent stake in Shanghai GM, its joint venture with Chinese partner SAIC, bringing SAIC’s total stake in the venture back to 50 percent, GM’s Chief Executive Daniel Akerson said Thursday. | 8月4日，通用汽車CEO丹尼爾?埃克森（Daniel Akerson）在通用汽車2011年第二季度財(cái)務(wù)報(bào)告會(huì)議上表示，預(yù)計(jì)通用汽車將完成與上汽簽訂的回購上海通用1%股份的協(xié)議，從而將對(duì)上海通用的持股比例提至50%。 |
| In 2009, SAIC acquired a controlling 51 percent interest in Shanghai GM by purchasing an additional 1 percent in preparation for the group’s listing. That year, SAIC reported a record 5 billion yuan ($US 778 million) in profit growth for Shanghai GM. | 據(jù)上汽2009年12月5日發(fā)布的公告，上汽擬通過全資子公司上汽香港公司收購?fù)ㄓ闷嚦钟械纳虾Ｍㄓ?%股權(quán)，為集團(tuán)整體上市做準(zhǔn)備。此前，上海汽車已持有上海通用50%股權(quán)。這1%的股權(quán)也確實(shí)為上汽的財(cái)務(wù)數(shù)據(jù)增色不少，僅2010年，上海通用就為上汽增加利潤近50億元。 |
| Under the terms of the original deal, GM could repurchase the stake only if it SAIC is allowed to include Shanghai GM’s revenue on its accounts. | 上汽方面表示，在當(dāng)初的股份購買協(xié)議中雙方已約定，通用汽車如果要回購上海通用1%的股權(quán)，前提條件是必須滿足上汽繼續(xù)對(duì)上海通用實(shí)現(xiàn)并表。 |
| SAIC received the green light for its asset-restructuring plan from the China Securities Regulatory Commission, the company announced on August 2. | 8月2日，上海汽車、華域汽車雙雙發(fā)布公告稱，中國證監(jiān)會(huì)上市公司并購重組審委會(huì)有條件審核通過了上海汽車發(fā)行股份購買資產(chǎn)暨關(guān)聯(lián)交易方案。 |
| Shanghai Volkswagen and Shanghai GM are the major sources of income for SAIC, accounting for 70-80 percent of its total revenues. | 目前，上海汽車旗下的兩家整車合資企業(yè)上海大眾和上海通用的收入占上汽整體收入的70%~80%，是上汽的主要利潤來源。 |
???? China's business press carried the story above on Monday.
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