The man behind the financial acquisition of Saab automobile...
Tuesday, 04 September 2012
The purchase of Saab was thanks to the Swedish-Chinese businessman, Kai Johan Jiang.
He is described by the Swedish business daily, Dagens Industri as the
sole financier for the purchase of Saab Automobile. Japanese Sun
Investment which was known to be a partner of the project is not
reported to have been retained as a partner in the electric vehicle
This is confirmed in the recent information provided when an investor
dropped out, and that the whole affair seemed threatened to crack, the
Kai Johan Jiang is reported to have invested Skr1.8 billion to buy Saab
Automobile's bankruptcy estate. The acquisition is financed by him
selling assets in his National Modern Energy Holding, a Hong Kong based
company of which he is the principal owner.
"The deal is thus entirely financed with equity, without any funding,
"said Karl-Erling Trogen, president of Nevs, to the paper Dagens
Industri. As such the earlier consortium partner, Sun Investment is
reported to not being retained.
At this moment it is reported that the company Nevs is currently
negotiating with Japanese, Chinese and other international stakeholders
to join forces in the project.
National Modern Energy Holding is registered in the British Virgin
Islands and based in Hong Kong. Thus it does not need approval from
Chinese authorities to buy Saab Automobile's bankruptcy Estate, the
By Scancomark.se Team