Refile: BRIEF-SAIC Motor Wins Bid For 71.04% Stake In Shanghai Dongzheng Automotive Finance

Shanghai Dongzheng Automotive Finance Co

19/05/2022 09:48

(Adds bullet)
    May 19 (Reuters) - SAIC Motor Corp Ltd  600104.SS :
    * SAYS BOARD APPROVES CO TO BID FOR 71.04% STAKE IN SHANGHAI
DONGZHENG AUTOMOTIVE FINANCE CO LTD  2718.HK  FOR UP TO 1.97
BILLION YUAN  ($291.11 million)
    * SAYS IT HAS WON BID FOR 71.04% STAKE IN SHANGHAI DONGZHENG
AUTOMOTIVE FINANCE FOR 1.6 BLN YUAN ON MAY 19

Source text http://static.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-05-20/600104_20220520_1_bSTdrpYU.pdf
Source text 2 http://static.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-05-20/600104_20220520_2_OQs0WiY4.pdf
Further company coverage:  600104.SS 

($1 = 6.7673 Chinese yuan renminbi)

 (Reporting by Hong Kong newsroom)
 ((meg.shen@thomsonreuters.com; 852-39525805;))