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Article: CHINA CHANG'AN AUTOMOBILE DENIES MERGER RUMOR
- Article from:
- AsiaInfo Services
- Article date:
- August 19, 2009
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AsiaInfo Services
08-19-2009
China Chang'an Automobile Denies Merger Rumor
BEIJING, Aug 19, 2009 (SinoCast Daily Business Beat via COMTEX) -- It is not clear whether China Chang'an Automobile Group would take over Harbin HF Automobile Industry Group Co., Ltd., Jiangxi Changhe Auto Co., Ltd. (SHSE: 600372), and Harbin Dong'an Auto Engine Co., Ltd. (SHSE: 600178).
All the three target companies are arms of China Aviation Industry Corporation (AVIC), a conglomerate directly controlled by the Chinese central government. Upon an earlier report, AVIC has agreed to transfer its holdings in the three arms for free to another central government-held company named China South Industries Group ...