Sany is Approved to Acquire Sany Auto
Sany (三一重工) has announced that it was approved by financial supervision department to acquire Sany Auto (三一汽车), and Hunan Banking and Insurance Regulatory Commission (湖南银保监局) allowed Sany Group (三一集团) to transfer its 91.43% shares in automobile finance to Sany.
By acquiring Sany Auto, Sany would provide solutions in products, services and capital raising with clients, further lowering the costs and profitability. In other words, Sany and Sany Auto could complement each other’s advantages.
This text is a result of machine translation.
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