What are the shareholding percentages of SAIC-GM-Wuling?
1 Answers
According to currently disclosed equity information, in SAIC-GM-Wuling Automobile Co., Ltd., SAIC holds 50.1% of the shares, General Motors holds 44%, and Wuling holds 5.9%. Among these, the 10% equity of General Motors Investment Co., Ltd. was transferred from Wuling to General Motors for consideration when Wuling wanted to transition to passenger vehicle production. Additional information: 1. Company Profile: SAIC-GM-Wuling Automobile Co., Ltd. (abbreviated as SGMW), officially established on November 18, 2002, is a large Sino-foreign joint venture automobile company jointly formed by SAIC Motor Corporation Limited, General Motors (China) Investment Co., Ltd., and Liuzhou Wuling Automobile Co., Ltd. 2. Shareholding Structure: In terms of shareholding ratio, although General Motors holds 44% of the shares, the Chinese side holds the dominant position, with SAIC alone accounting for 50.1% of the shares, which can be considered absolute control. Moreover, in terms of management, the organizational structure remains unchanged, maintaining the original SAIC-GM-Wuling operation model, and it is still a Chinese-led joint venture.