Pangda Starts NDRC Approval Process. Outcome Doubtful

?There is almost no chance for the government to approve Pangda?s purchase of Spyker?s stake, let alone their plan to set up a new joint venture in China,? so said Zhang Xin, an analyst at Beijing-based Guotai Junan Securities, to Bloomberg. ?The deal doesn?t fit in the government?s plan for consolidation.? This came in reaction [...]

Source: http://www.thetruthaboutcars.com/2011/05/pangda-starts-ndrc-approval-process-outcome-doubtful/

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