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SAIC shares to remain suspended

SAIC shares to remain suspended

Write: Dillian [2011-05-20]
Trading in the shares of SAIC Motor Corp , China's top car maker, will remain suspended for another five working days from today, the company said in a filing with the Shanghai Stock Exchange.
Trading in SAIC Motor has been halted since Feb. 14 after its holding company, state-owned SAIC Group, said it was working on a major plan involving SAIC.
SAIC Motor manufactures Buick, Chevrolet, Cadillac and Volkswagen brands in China through tie-ups with General Motors and VW.