Article: JIANGHUAI AUTO AGAIN DENIES RESTRUCTURING WITH CHERY


AsiaInfo Services
07-30-2009
Jianghuai Auto Again Denies Restructuring with Chery

HEFEI, Jul 30, 2009 (SinoCast Daily Business Beat via COMTEX) -- After issuing an unclear clarification in June, Anhui Jianghuai Automobile Co., Ltd. (JAC, SHSE: 600418) again denied its reported restructuring with Chery Automobile Co., Ltd. on July 29, 2009.

This time, JAC quoted the work schedule of the local state-owned assets supervision and administration commission, which did not include a restructuring plan in the short term, pointed out the company.

The first clarifying announcement came out on June 2, when JAC said that it temporarily had no plan to kick off a restructuring with Chery, and does not ...

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