also known as Shanghai Maple (Huapu) Automobile (SMA), was established in 2000. It was a Chinese automobile manufacturer based in Fengjing, Shanghai, and was a subsidiary of Zhejiang Geely Holding Group. Geely originally held a strategic holding from 2002, and in 2008 was fully consolidated into Geely Auto as their budget brand. By 2010 the project was ended, and Shanghai Maple was replaced by the new Englon brand at the bottom of the Geely ladder.
So it appears as if the deal with Geely is similar to the deal with CALB which was really CALB Hangzhou, or CALB Lite. Hu is a compulsive liar, and this is all part of his plan to raise the share price so warrants can be exercised and more shares dumped.
Geely ended their relationship with Shanghai Maple in 2010, yet the crooks have no shame.
Do they put this type of disclaimer on EVERY company announcement, or is it just that it came from the Cayman Islands instead of mainland China?
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
GEELY AUTOMOBILE HOLDINGS LIMITED
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 175)
VOLUNTARY ANNOUNCEMENT IN RELATION TO FORMATION OF A JOINT VENTURE AND POTENTIAL DISPOSAL OF A SUBSIDIARY
This is a voluntary announcement made by the Company…..