Saab receives first payment from Youngman announced

Saab Automobile has confirm that the reorganization is progressing and that a first payment by Youngman under the bridge loan funding commitment as announced on September 12 was received by Saab Automobile.

The company’s short-term stability until the Chinese government approves a €245 ($336) million investment by Pang Da and Youngman and Saab Automobile are expected to be made during this week and by October 22 of this year. which are still subject to approval by relevant authorities and parties which Swan expects to receive during the next weeks.

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