HUMMER From GM In Strategic Acquisition Tengzhong In Advanced

Hummer brand synonymous with a true adventure that its special on OFROAD field in the untouched wilderness, freedom and joy riding tertuangkan with Hummer car, and we berenca to continue the legacy that was given by our ancestors for her investment in the business,

Hummer will continue to maintain headquarters and operations in the United States, Industrial Machinery Company To Invest in Growth and Global Expansion of Off-Road Vehicle Premium Brand, the team intends to expand the network of Hummer dealers across the world, especially to new and underserved markets such as China.

In China’s Sichuan Tengzhong Heavy Industry Machinery Co., Ltd. (“Tengzhong”) is one of China’s major engineering companies private. Credit Suisse is acting as exclusive financial advisor and Shearman & Stearling acted as international legal counsel to Tengzhong on this transaction. This transaction is expected to close in the third quarter of this year and is subject to closing conditions and customary regulatory approvals. Financial terms of the agreement will from not be disclosed at this time.

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