Beijing Auto in talks to buy Lifan: report
Published: 04 May 2009 22:41:49 PSTShanghai, May 5 (Gasgoo.com) Chinese automaker Beijing Automotive Industry Co is in talks to acquire Chongqing Lifan Automobile Co, Lifan Group's auto making subsidiary, the Economic Observer reported Tuesday, citing people familiar with the deal.
Commenting on the talks, Yin Mingshan, president of Chongqing Lifan Holdings, said that "Lifan welcomes partnership negotiations with any auto groups provided that the partnership allows Lifan to retain its own brand and voting rights on the board."
Mr. Yin did not specify the details of any potential deal but said Lifan is always open to acquisitions and mergers.
Go to Page
Page 1 of 1
1
Source:
gasgoo.com
If you believe an article violates your rights or the rights of others, please contact us.
Digg
Reddit
Mixx it
FacebookRelated News
Most Read
- 1Twitter: Now In Concentrated Form
- 2Trading Choppy After Ford Surprise
- 3The ''Mega'' Sites: Bigger Than Facebook
- 4China natural gas prices likely to rise 20-30
- 5Shanghai initiates land expropriation for
- 6CNOOC may build electric-car battery network
- 7Best Buy To Stream Video In Electronics
- 8Rio Tinto to expand production significantly
- 9Foreign giants eye domestic drug market
- 10UPDATE 1-Philippine trading firm says to
