SHANGHAI AUTOMOTIVE TO ACQUIRE SSANGYONG MOTOR. (25-OCT-04) AsiaPulse News

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SHANGHAI AUTOMOTIVE TO ACQUIRE SSANGYONG MOTOR.

Publication: AsiaPulse News

Publication Date: 25-OCT-04

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SEOUL, Oct. 25 Asia Pulse - The acquisition of Ssangyong Motor Co (KSE:003620), the fourth-largest automaker in South Korea, by China's Shanghai Automotive Industry Corp. (SAIC) is on the verge of going through, industry sources said Sunday.

According to the sources, the Chinese automaker and Ssangyong Motor are scheduled...

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