{"id":1361,"date":"2011-05-19T15:54:46","date_gmt":"2011-05-19T19:54:46","guid":{"rendered":"http:\/\/blog.beliefnet.com\/watchwomanonthewall\/?p=1361"},"modified":"2011-05-19T15:54:46","modified_gmt":"2011-05-19T19:54:46","slug":"did-you-know-that-red-china-owns-a-500m-stake-of-gm","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/watchwomanonthewall\/2011\/05\/did-you-know-that-red-china-owns-a-500m-stake-of-gm.html","title":{"rendered":"Did you know that Red China owns a $500m stake of GM?"},"content":{"rendered":"<p><strong>China&#8217;s SAIC buys $500m stake in General Motors (AFP)<\/strong><\/p>\n<p>Written by Yahoo Business<br \/>\nThursday, 18 November 2010 06:42<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/photos2.fotosearch.com\/bthumb\/STK\/STK010\/JHP1138.jpg\" alt=\"\" width=\"170\" height=\"114\" \/>BEJING (AFP) \u2013 China&#8217;s leading automaker SAIC Motor Corp confirmed Thursday it had agreed to buy a stake in General Motors, as the US auto giant prepared for one of the largest stock offerings in history.<\/p>\n<p>SAIC said its wholly owned unit SAIC Motor HK Investment Ltd had acquired 15.2 million ordinary shares for 500 million dollars, accounting for just under one percent of GM&#8217;s total equity.<\/p>\n<p>The unit paid 33 dollars per share and would raise all the capital from the Hong Kong financial market, SAIC said in the statement.<\/p>\n<p><strong><a href=\"http:\/\/www.trafalgardesign.com\/news\/news-feeds\/7464-chinas-saic-buys-500m-stake-in-general-motors-afp\">Read more: http:\/\/www.trafalgardesign.com\/news\/news-feeds\/7464-chinas-saic-buys-500m-stake-in-general-motors-afp<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s SAIC buys $500m stake in General Motors (AFP) Written by Yahoo Business Thursday, 18 November 2010 06:42 BEJING (AFP) \u2013 China&#8217;s leading automaker SAIC Motor Corp confirmed Thursday it had agreed to buy a stake in General Motors, as the US auto giant prepared for one of the largest stock offerings in history. SAIC&hellip;<\/p>\n","protected":false},"author":403,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[556,555],"tags":[558,9363,9362,436,559],"class_list":["post-1361","post","type-post","status-publish","format-standard","hentry","category-auto-industry","category-china","tag-automotive-industry","tag-business","tag-china","tag-gm","tag-red-china-owns-part-of-gm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Did you know that Red China owns a $500m stake of GM? - Watchwoman on the Wall<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beliefnet.com\/columnists\/watchwomanonthewall\/2011\/05\/did-you-know-that-red-china-owns-a-500m-stake-of-gm.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Did you know that Red China owns a $500m stake of GM? - Watchwoman on the Wall\" \/>\n<meta property=\"og:description\" content=\"China&#8217;s SAIC buys $500m stake in General Motors (AFP) Written by Yahoo Business Thursday, 18 November 2010 06:42 BEJING (AFP) \u2013 China&#8217;s leading automaker SAIC Motor Corp confirmed Thursday it had agreed to buy a stake in General Motors, as the US auto giant prepared for one of the largest stock offerings in history. SAIC&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.beliefnet.com\/columnists\/watchwomanonthewall\/2011\/05\/did-you-know-that-red-china-owns-a-500m-stake-of-gm.html\" \/>\n<meta property=\"og:site_name\" content=\"Watchwoman on the Wall\" \/>\n<meta property=\"article:published_time\" content=\"2011-05-19T19:54:46+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/photos2.fotosearch.com\/bthumb\/STK\/STK010\/JHP1138.jpg\" \/>\n<meta name=\"author\" content=\"Donna Calvin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Did you know that Red China owns a $500m stake of GM? - Watchwoman on the Wall","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.beliefnet.com\/columnists\/watchwomanonthewall\/2011\/05\/did-you-know-that-red-china-owns-a-500m-stake-of-gm.html","og_locale":"en_US","og_type":"article","og_title":"Did you know that Red China owns a $500m stake of GM? - Watchwoman on the Wall","og_description":"China&#8217;s SAIC buys $500m stake in General Motors (AFP) Written by Yahoo Business Thursday, 18 November 2010 06:42 BEJING (AFP) \u2013 China&#8217;s leading automaker SAIC Motor Corp confirmed Thursday it had agreed to buy a stake in General Motors, as the US auto giant prepared for one of the largest stock offerings in history. 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