Sunday, January 16, 2011
SAIC had raised 6.3 billion pound brands.
<P> Keyword: independent consumer brands to build SAIC Shanghai Automotive Group Co., Ltd. issued bonds and warrants listed on January 8. .Corporate bonds listed on the day of face value of 100 yuan each, issued at par, for a total issue of 63 million, the bond for 6 years, since December 19, 2007 to December 18, 2013. .Each bond subscribers also receive the final distribution of 3.6 shares of the company warrants, for a total issue of 226,800,000 copies. .The duration of warrants warrants admission of 24 months from the date of listing; exercise ratio of 1:1. .Each warrant exercise price of the initial 27.43 yuan / share. .World Brand Lab (brand.) </ P> <P> six-year bonds issued to raise funds will mainly invest in passenger car brands of construction projects, the increase of SAIC and the repayment of financial institutions, finance company loans and other projects; two years .After the warrants are exercised the funds raised will be used for Phase II of their own brands, mergers and acquisitions passenger cars, Shanghai Automotive Technology Center R & D equipment investment, commercial acquisition and merger projects. .</ P> </ p>.
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