Saab saviour Pang Das sees its share rise


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Tuesday, 17 May 2011
Investors in China have responded positively to news of cooperation between Saab and car dealer Pang Da. The Chinese company's shares rose more than 4 percent in Tuesday morning trading on the Shanghai Stock Exchange, compared with a general rise of the Shanghai composite index by 0.6 percent.


Under the agreement with Saab owner Spyker,  Pang Da will initially pay €30 million, approximately SEK 270 million, for 1300 cars that start shipping in September.
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