please contact sales@tanchin.hk for any inquiry
DAIGn. De's main partner in China, BAIC, has launched a plan to increase its stake to about 10% and seeks a seat on the company's board of supervisors, surpassing rival Geely Group to become Daimler's largest shareholder, two sources told Reuters.
According to sources familiar with the situation, the state-owned BAIC group has begun to acquire shares of Daimler in the open market, and the group currently holds 5% of Daimler.
BAIC group is currently the third largest shareholder of Daimler, and will become the largest shareholder after increasing to 10%, surpassing Zhejiang Geely Group, which currently holds 9.69% of Daimler's shares, and seeks to expand cooperation with Daimler in China.
In addition to increasing its stake to about 10%, BAIC group is also seeking a seat on Daimler's board of supervisors, which Geely does not have, according to sources.
HSBC is helping BAIC group make the new investment, a source said. Earlier, HSBC had advised BAIC in its acquisition of a 5% stake in Daimler.
HSBC Holdings had 5.23% of Daimler's voting rights as of November 15 through instruments such as direct holdings and equity swaps, Daimler said in a regulatory filing last month.
In response to questions from Reuters, Daimler said it had not received any notice of BAIC group increasing its stake. "We welcome long-term investors to Daimler," Hubertus troska, Daimler's head of Greater China, said Friday. But asked about BAIC group and the possibility of increasing its stake, he added, "the two companies favor each other. Let's see how it will develop. "


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

7208 BECBJ 7407 BM 7407 BCBM 7307 BEY 7307 BEP 7307 BEGBP 7307 BEGAP 7307 BECBY 7307 BECBP 7307 BECBM 7207 BEY 7207 BEP 7207 BEGBY 7207 BEGBP 7207 BEGAY 7207 BEGAP 7207 BEGAM 7207 BECBY 7207 BECBP 7207 BECBM