Huge cooperation with Spyker funding source is unknown

Yesterday, Spyker reported to reporters that he had brought Saab and China's huge auto trade to reach an understanding and memorandum agreement. Saab and the giant will form a joint venture to jointly produce and sell Saab vehicles in China.

Huge will pay 45 million euros for the acquisition of Saab assets, and the huge will also purchase 24% stake in Spyker for a price of 4.19 euros per share, equivalent to a total of 65 million euros.

Spyker said that the transaction still needs the approval of the regulatory authorities of all parties. However, the 30 million euros paid by the huge group in the first period will be used to improve Saab's liquidity. Huge group is the country's largest car dealership.

How to buy funds?

Three weeks ago, when the huge IPO amounted to RMB 6.3 billion, the outsiders thought that this move was to improve its liquidity because the difficulty of the recent loans from dealers increased. As of the time of the press release last night, it was not clear whether the huge sums of money used to acquire Saab were self-owned funds or follow-up financing through listed companies.

In fact, the giant will face pressure from BAIC. The latter also acquired Saab's technology in 2009, and the related products will be officially launched from the end of this year.