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Article: CHERY CHAIRMAN DENIES HENAN ACQUISITION
- Article from:
- AsiaInfo Services
- Article date:
- September 7, 2009
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AsiaInfo Services
09-07-2009
Chery Chairman Denies Henan Acquisition
WUHU, Sep 07, 2009 (SinoCast Daily Business Beat via COMTEX) -- Yin Tongyue, chairman of Chery Automobile Co., Ltd., Sunday denied the saying that the automaker would put aside Anhui Jianghuai Automobile Co., Ltd. (JAC and SHSE: 600418) and acquire a vehicle manufacturer in Henan, central China.
Chery Automobile would create a mini vehicle plant in Kaifeng City, Henan with a total fixed-assets investment preliminarily estimated at CNY 1.773 billion, previous reports even said.
Meanwhile, the chairman disclosed that it had almost decided to conduct an overall listing in the first half of next year. As a matter of fact, the ...