GM to regain control in SAIC joint venture
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China.org.cn, August 8, 2011
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Shanghai Volkswagen and Shanghai GM are the major sources of income for SAIC, accounting for 70-80 percent of its total revenues. |
| GM to regain control in SAIC joint venture |
通用汽車擬提前回購上汽通用1%股權? |
| General Motors Co. plans to buy back the controlling 1 percent stake in Shanghai GM, its joint venture with Chinese partner SAIC, bringing SAIC’s total stake in the venture back to 50 percent, GM’s Chief Executive Daniel Akerson said Thursday. | 8月4日，通用汽車CEO丹尼爾?埃克森（Daniel Akerson）在通用汽車2011年第二季度財務報告會議上表示，預計通用汽車將完成與上汽簽訂的回購上海通用1%股份的協議，從而將對上海通用的持股比例提至50%。 |
| In 2009, SAIC acquired a controlling 51 percent interest in Shanghai GM by purchasing an additional 1 percent in preparation for the group’s listing. That year, SAIC reported a record 5 billion yuan ($US 778 million) in profit growth for Shanghai GM. | 據上汽2009年12月5日發布的公告，上汽擬通過全資子公司上汽香港公司收購通用汽車持有的上海通用1%股權，為集團整體上市做準備。此前，上海汽車已持有上海通用50%股權。這1%的股權也確實為上汽的財務數據增色不少，僅2010年，上海通用就為上汽增加利潤近50億元。 |
| Under the terms of the original deal, GM could repurchase the stake only if it SAIC is allowed to include Shanghai GM’s revenue on its accounts. | 上汽方面表示，在當初的股份購買協議中雙方已約定，通用汽車如果要回購上海通用1%的股權，前提條件是必須滿足上汽繼續對上海通用實現并表。 |
| SAIC received the green light for its asset-restructuring plan from the China Securities Regulatory Commission, the company announced on August 2. | 8月2日，上海汽車、華域汽車雙雙發布公告稱，中國證監會上市公司并購重組審委會有條件審核通過了上海汽車發行股份購買資產暨關聯交易方案。 |
| Shanghai Volkswagen and Shanghai GM are the major sources of income for SAIC, accounting for 70-80 percent of its total revenues. | 目前，上海汽車旗下的兩家整車合資企業上海大眾和上海通用的收入占上汽整體收入的70%~80%，是上汽的主要利潤來源。 |
???? China's business press carried the story above on Monday.
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