SAIC 'considers listing all assets', sources suggest

SHANGHAI - Shanghai Automotive Industry Corp (SAIC), the parent of China's largest domestic automaker, may list all of its operating assets and is studying several options to do so, said two people familiar with the company's plans.

SAIC Motor Corp and Huayu Automotive Systems Co, the two listed units of Shanghai Automotive, suspended trading of their shares pending an announcement about a "major matter" involving their parent, according to separate filings to the stock exchange on Feb 11.

Shanghai Automotive sold automaking assets to SAIC in 2006 and car-parts operations to Huayu in 2008 as part of a wider transfer of businesses from China's State-controlled companies to listed units. The Shanghai government-owned automaker is seeking to expand as vehicle sales jumped 32 percent in the nation last year.