Changan to complete acquisition of Jinan Qingqi Motorcycle

Gasgoo.com (Shanghai March 16) - Changan Automobile Group announced yesterday that, if all goes smoothly, it will complete its purchase of controlling stock in the Jinan Qingqi Motorcycle Company, the Beijing News reported.

Changan is set to spend 305 million yuan ($46.4m) to acquire the controlling share of Jinan Qingqi, one of China's largest motorcycle manufacturers. The move will mark the end of Jinan Qingqi's restructuring program of several years.