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| Yesterday 29, and Sichuan in the Heavy Industry Machinery Co., Ltd. Tang said the relevant government departments with the acquisition of the Hummer brand to start to communicate at the same time, the Sichuan Provincial Development and Reform Commission also said that the ongoing preparatory work for the acquisition. This means that the acquisition has already begun to enter the approval process. Proton in communication have held We have to start with relevant government departments and the necessary communication, the relevant government departments will need to go through a series of approval process. We respect the approval process of these, and will fully cooperate with. Yesterday vacated in Heavy authorized public relations spokesman said. Recently, some overseas media reports said yesterday Heavy Proton in formal consultations with the relevant departments of Development and Reform Commission, at the same time there are media reports, and the Sichuan Provincial Development and Reform Commission of Sichuan bureau has this transaction to the Ministry of Commerce and the National Development and Reform Commission reported, but the Proton in the outside world Heavy Industries spokesman said no comment on these rumors. Yesterday, the Sichuan Provincial Development and Reform Commission-related offices, a person in charge told reporters that the acquisition is currently on the preliminary work already under way, but he did not disclose the progress of specific circumstances it is not external release. When a reporter to the National Development and Reform Commission Secretary of the relevant offices of foreign capital, when asked about the staff that have not yet received the declaration on this matter, knowledge on the matter. Prior to this, the Ministry of Commerce spokesman YAO Jian also said at a regular briefing, but also not received any privately-run enterprises in Sichuan Hummer announced the acquisition of the declaration. Approval through a formal contract signed Teng said in promoting the acquisition process at the same time, if people in the industry, revealed to reporters, the present Government departments are not optimistic about this acquisition, one of the reasons is the body weight, high fuel consumption of the Hummer brand is not optimistic about the prospects, if the second is Hummer is not made in conformity with the current Government39s support for integration of automotive enterprises, controlling new capacity-oriented industries. June 2, Heavy Industry and Proton in General Motors Hummer brand on the M amp A signed a memorandum of understanding, the framework shows that the exclusive agreement, Proton will be in heavy SUV Wang, Hummer brand, as well as all the rights and interests chloe of executives and operational team . And the final realization of the mergers and acquisitions, yet need access to the Chinese Ministry of Commerce, National Development and Reform Commission and other approvals. According to GM39s to know, and in general will be vacated through the approval of all relevant sectors, and labor employment, and many other details of the follow-up research and development agreement only after the signing of a formal M amp A contract. According to previous statements made by the two sides also need to present the details of the consultation will be at the end of the third quarter of this year reached a formal contract. Hummer sales this year have been in the doldrums, 5 months ago sold a total of 5113 Hummer, and last year fell 63.7 percent compared to the same period. Since 2006, sales reached 82,380 in the highest point of this history, the Hummer all the way down, the year before last and last year39s sales were 66,345 and 37,573. Xinhua Zhu-ying | ||
| Entry 51 of 66 |
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