Beijing Shougang buying 23.6% stake in Hyundai venture partner
Dec 27, 2006 | 03:03 PM
| Hongmei Li
Beijing Shougang Co. Ltd., the Shenzhen, China,-listed arm of Shougang Group Corp., is acquiring a 23.6-percent stake in Beijing Automotive Investment Holdings Co. Ltd. from its parent company.
According to news reports, Beijing Shougang will pay 1.06 billion yuan ($136 million) to its parent for the interest in Beijing Automotive Investment Holdings, which holds a 50-percent stake in Beijing Hyundai....
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