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China's Greenland to acquire Rundong Auto -bourse filing

2015-05-17 17:48:13| Auto Dealers - Topix.net

May 17 Chinese developer Greenland Holding Group Company Ltd will pay HK$1.5 billion for a controlling stake in luxury auto dealer China Rundong Auto Group Ltd, the latter said in a stock exchange filing in Hong Kong on Sunday. Rundong Auto, backed by U.S. private equity firm KKR & Co LP , said it will sell a 46 percent controlling stake to Greenland and change its name to China Greenland Rundong Auto Group Limited.

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