China Financial Daily

Stop the storm to strike South Korea club Shuanglong
Scene after the rescue of Hollywood movies like “battle”, the continuous 76 days of the Korean Ssangyong Motor storm strike an end. Today (12), the Shuanglong production will be fully restored. Retrogradation in the process to remove the biggest obstacle to structural adjustment — (that is, the main contents of layoffs), the sale of Ssangyong also officially put on the agenda. Shuanglong Park too, one of the statutory manager, said yesterday that “as soon as possible to be sold to domestic and foreign investment Shuanglong business.”

Although the South Korean side turned upside down with a 51.33 percent stake in Ssangyong’s SAIC is very calm. Ssangyong for sale rumors, president, deputy director of SAIC, SAIC spokesman terview, said, “Ssangyong is currently still in the process of retrogradation, SAIC evaluation of its poor.” 4 years, in order to obtain a majority stake in Ssangyong, SAIC Ssangyong items at a total investment of more than 500 million U.S. dollars. SAIC obtained from our information shows that SAIC has Shuanglong bankruptcy the “worst” to prepare for.

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