Chery to sell stakes in subsidiaries
- Source: Global Times
- [16:53 December 08 2010]
- Comments
Chery Automobile Co. has announced recently the sales of some of its stakes from subsidiaries on a notice posted on the Changjiang Equity Exchange.
The bidders are pre-requisited to have at least 150 million yuan ($22.12 million) of registered capital by December 31, 2009. Moreover, the bidder's business scope should include car sales, after-sales services and investments in the auto parts industry.
