2010-11-19 14:18

SHANGHAI - General Motors said on Thursday it was happy with China's SAIC Motor Corp's decision to participate in its public offering.

"SAIC's participation in GM's public offering represents another milestone in our partnership," Tim Lee, president of GM International Operations, said in a brief statement issued by the US carmaker's China unit.

GM pulled off the biggest initial public offering in US history on Wednesday, raising $20.1 billion after pricing shares at the top of an increased range in response to huge investor demand.