Shanghai Automotive Approves SRC Acquisition and Approves SFC Approval
Shanghai Automotive (600104) announced on the evening of September 13 that on September 13, the company received the “Approval of the Approval of Shanghai Automotive Group Co., Ltd. to Purchase Shares from Shanghai Automotive Industry Corporation (Group) Corporation and other assets issued by the China Securities Regulatory Commission. The approval of the company to issue shares to Shanghai Automotive Industry Corporation (Group) Corporation and Shanghai Automotive Industry Co., Ltd. to purchase assets and related transactions. On the same day, the company received the “Approval of Approval of SAIC Motor Group Co., Ltd.'s Announcement of Acquisition of Huayu Automotive Systems Co., Ltd. and Exemption of its Tender Offer Obligations†issued by the China Securities Regulatory Commission. Huayu Automotive (600741) announced by the company. The acquisition report had no objection, and approved the exemption from the obligation of the company to purchase the 1.552 billion shares of Huayu Auto held by the controlling shareholder Shanghai Automotive Industry Corporation (Group) Corporation.
On the same day, the company received a notice from the Shanghai Automotive Industry Corporation (Group) Co., Ltd. The Shanghai Automotive Industry Corporation (Group) Corporation received the “About the Exemption of the Shanghai Automotive Industry (Group) Corporation and Concerted Action Offer†issued by the China Securities Regulatory Commission on the same day. "Approval for the Acquisition of Shares of Shanghai Automotive Group Co., Ltd." and approved the exemption from the obligations of the Shanghai Automotive Industry Corporation (Group) Corporation and Shanghai Automotive Industry Co., Ltd. in respect of the tender offer obligation due to the asset subscription company's issuance of shares.
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