SAIC-GM joint venture sales company wishes to repurchase common shares

Yesterday evening, Shanghai Automotive (SAIC short) announcement that a joint venture with General Motors will sell the company, known as GMAC-SAIC Automotive Sales Co., Ltd.. Announcements, SAIC will own 51% of the shares, while General Motors owns 49 percent of the shares. The joint venture will be responsible for Shanghai GM's ...SAIC-GM joint venture sales company wishes to repurchase common shares