Provincial RDC approval — NDRC picking up the pace

di.se reports that the Saab-Youngman-Pang Da deal has today been approved on the provincial level.

In about a month’s time a decision is expected from NDRC centrally after which another two government authorities will have their say.

Local DRC approval came last week. So far there has only been talk of three authorities – local, provincial and national. Only one more to go, as far as I know. ttela.se also reports that NDRC is the final hurdle.

Saab still needs NDRC approval. After that Youngman will have to submit papers to the Local Commerce Department, contact the Chinese embassies in Stockholm and Amsterdam, file an application with National Department of Commerce and finally (together with Pang Da) get everything approved by Foreign Exchange Bureau. (See Letters of Support from Pang Da and Youngman)

No 9
Member

Two down, one to go. Moving along swiftly, as Pang had anticipated.
And the first judgement (on the reorganization plan) implied the application at NDCR wasn’t even made yet…
Something is rotten in the state of SWEDEN.

TurboLover
Member

Well, the Court just didn’t bother to understand how the process in China works.
Hey, we only have 3.500 employees in our hands, no big deal huh?!

πŸ™

Tripod
Member

Guess the journalists got all worked up about that; you know sloppy translations and all that; and perhaps the fact that in English, they are called local and provincial DRC, thus if someone said to the journalists that it hadn’t reached the NDRC, it was true. πŸ™‚

Polle
Member

Technically, they are correct. In order to apply to the NDRC, you have to get passed the other 2 first.

They received the approval on provincial level, meaning PDRC

TurboLover
Member

So, I was wrong again!? Now my ears are pulsating maroon red.

Think I better change nick…

TurboLover
Member

DI are plain wrong that 3 gov. authorities remains. It is 3 in total and only NDRC remains. “Biggest bussiness paper in Sweden” do not have a clue… as allways… πŸ™

Red J
Member

No, they are not.
Go to our letters from Pang Da and Youngman post and search for a picture of the Appendix 1, there you will see the other two authorities.

The other two authorities are called NDC and FEB.

BoeBoe
Member

Indeed! So this is wrong: “NDRC is the final hurdle” [error in the article]

BoeBoe
Member

And what about the other “usual suspects”??? I guess (as usual) also GM, EIB, SNDO and the Swedish Government have to approve.

Khrisdk
Member

If reconstruction is granted with normal 3 month duration for a start, going up to 12 months, they will have the time to decide.
At the moment the reconstruction approach is the one followed.

Do we expect any of the involved not to give their approval within that time period?
Thay are not asked to approve of a russian, but of a company backed by Chinese government

Red J
Member

Boe,
this is my view on things.
Pang Da and Youngman need first the Go from the Chinese authorities, after that, they will be able to invest in Saab. If after than one of the “usual suspects” says no there will be more options to solve those problems.

BoeBoe
Member

I always thought that before any could invest in Saab (or take a stake larger than 5%) the EIB needs to give it’s OK.

And both the stakes of Pang Da & Youngman are bigger than 5% (or 10%).

Khrisdk
Member

Maybe.
But do you expect them to deny approval?
And if they do, what would you expect the chinese to do?

BoeBoe
Member

@Khrisdk, I think the past learned us that we can’t predict how they will react πŸ˜‰ Both the Antonov and Hemfosa “deals” took quite some time.

Antonov is maybe not a good example, but I was really surprised how much time it took to get the property deal approved.

Khrisdk
Member

Yes the EIB is an interesting entity

Best described by this πŸ˜‰

Tripod
Member
Red, I told TurboLover et al it some 2.5 hours before you and 4.5 hour before BoeBoe commented, so I think he knew at the time of your comments πŸ˜€ (and poor TurboLover’s ears are probably know dark red, even if there is no reason for that). πŸ™‚ But, have you told Rune, who wrote the post, it could have been a reason why some wrote what they did? πŸ˜€ If you didn’t see my comment below, and exchange with TurboLover, that’s an example on why it’s not working any good using blog comments to argument or post comments back… Read more »
Khrisdk
Member

Yeah..forums are nice for more in depth stuff.
The problem is that noone really uses it here.
And it is hard keeping up with all comments. I know.. I try πŸ˜‰

I still really would like those posts with the grand overview of procedures.
Even though I know they are hard to write, and a little boring to read

Tripod
Member

Khrisdk,
I also like the blog form, for big news and small tidbits, everything; it’s just that, as most have noticed, there tend to be discussions from time to time, and this one is indeed a short one, so far, and then it gets *very* difficult… Guess the community wants to get involved, and that’s always nice. πŸ™‚

Khrisdk
Member

@Tripod

Yes, I understand that. The blog format is actually nice for the type of coverage that SU does
It’s just because I am actually more of a forum guy, and normally with a license to merge and split threads πŸ™‚

rune
Member

I amended the post in what little modest way I could.

If it is OK with you guys, I think I will grab some shuteye now. It has been a long day! πŸ™‚

Tripod
Member

Rune,
You guys are doing a great work! πŸ™‚

Red J
Member

Tripod,
normally I read all the comments before I answer another comment, but in this case I forgot that I was off-line for hours, and that maybe anybody else could already have answered that.

Anyhow, now more people know about it πŸ˜›

Belfast_Saab
Member

Superb momentum building up here……VM’s having a good birthday

Tripod
Member

Yes. And as mentioned it came two days earlier than expected, and that’s very nice. Can’t be sure about anything until … but fingers crossed.

Audun
Member

It’s great that this second approval comes before the court get the appeal from Saab. πŸ™‚

Tripod
Member

The other two are probably the Department of Commerce and the Foreign Exchange Bureau; as mentioned in the appendix to the appeal. Probably a quicker process.

TurboLover
Member

So DI was somewhat right in their writing? ( I feel my ears are a bit red). Do these to new bodies oftenly say no if NDRC says yes?

Tripod
Member

“Do these to new bodies oftenly say no if NDRC says yes?”
I do not have the faintest idea.

As for the appendix if people don’t have it or read it at the District Court’s pages, it was posted here earlier.
http://saabsunited.saabklubben.se/2011/09/letters-of-support-from-pang-da-and-youngman.html

ivo 71
Member
After the NDRC approval has been secured, there is the Provincial Dept. of Commerce. They receive the M&A report from Youngman/Pang Da with NDRC’s OK stapled to it for their bit of say so. For that, the PDoC has to request info from the Chinese embassies in Sweden and the Netherlands. Is that opinion positive then the Provincial DoC sends a report with their recommendation to the National DoC which, if they are happy as well, send it for approval to the Foreign Exchange Bureau. That is, as far as I can see from the timetable provided by Youngman, the… Read more »
Tripod
Member

ivo 71,
Yes, as I wrote above. πŸ˜€

ivo 71
Member

Yes Tripod, I totally acknowledge you were the first ;-). I just thought I would write it up in a way everyone here can comprehend. Particularly those amongst us who love to criticize details but tend to forget about the big picture.

πŸ™‚

Ivo

Tripod
Member

ivo 71,
Heh, no problem. It was just the usual “coming back after a few hours, and see that a post has ~50 comments instead of 5, and some of them repeat what has already been mentioned”-thing. πŸ™‚

I have no problem whatsoever with your comments Ivo, I enjoy reading them, spot on.

JH
Member

China seems to have even more bureaucracy than Sweden! (I am currently reading the satirical novel The Red Room by August Strindberg about Swedish bureaucracy…)

Khrisdk
Member

The most depressing thing about that book is that it could have been written today.

Khrisdk
Member

Oh forgot..not only about sweden

JH
Member

Fair dinkum!

saabtec
Member

2 out of 3, this is looking good.

Troels, Denmark
Member

Congratulations – and congratulations … πŸ™‚

Motoradd's Cat
Member

Excellent news!

One more little VICTORy I think.

But it isn’t over till it’s over, there are many battles ahead on that rocky road for the tenacious.

Keep thinking positive all you out there in Saab land.

hans h
Member

There must be a rather confused fat lady somewhere… πŸ™‚

Motoradd's Cat
Member

I reckon she is having a major tantrum right now.

Khrisdk
Member

Just keep her spinning around fast enough.
She might loose some weight and the ability to sing.

TurboLover
Member

She just left stage actually, don’t know if she will be back…

Carlo A
Member

Is she called Maud? The one of the windmills?

aop
Member

Great !
Did anyone happen to read anything about the outcome of the meeting that the Swedish ambasador held with (N)DRC representatives in China? They were suposed to meet today arent’t they?

Thanks.

GerritN
Member

That’s 2 days ahead of the official schedule! Quite a feat when dealing with local and provincial officials. Approval from the NDRC should come on October 14th if all goes as well as with the local and provincial DRC’s.
Now, my question; there is still a whole bunch of sign offs to get from foreign exchange bureaus, embassies in Sweden and The Netherlands, commerce departments, etc. This can last well into November. Bluntly stated, when can the money be transferred?

Swade
Member

The schedule has the process lasting into early November.

GerritN
Member

Until now our Chinese friends have been sticking remarkably well to their schedules.

Hey Swade, interested in being stationed closer to Oz, like China perhaps?

ivo 71
Member

Like, 24 hours after the Foreign Exchange Bureau has given its blessing? But I guess yiu knew that already πŸ˜‰

Ivo

Carlo A
Member

Good news raining this week ….. better buying myself an umbrella πŸ™‚

Griffi Up !!!

Nate 9-3
Member

Carlo A –

Forget the umbrella. Let the good news hit your hands and face. We have had quite the drought lately.

Carlo A
Member

Good idea πŸ™‚

paddan
Member

Should bode well for the Appeal.

Audun
Member

+1 πŸ™‚

peeceepeh
Member

9 2/3 lives. πŸ˜‰

hilmar
Member

So only one step left. The representative of SwedGov should show his ability to quicken the NDRC decision. πŸ˜‰

kochje
Member

Come on, just this last national approval and the Chinese can invest. Would there still be a possibility that GM gets in between this deal?
Hope not.

hilmar
Member

Perhaps if they intend to sell their new “Premium Opel” ? πŸ˜‰

Red J
Member

Sorry, but no sign of Premium at the Opel booth!!!
Only normal cars for normal people.

hilmar
Member

I know. I heard they want to lift their cars into premium. So I wrote “…….” in an ironic way. πŸ˜‰

Polle
Member

Opel is currently marketing the insignia as “the best car they ever build”. I would love to see a cover article with the title:”How much Opel contains the insignia” and summing up which parts are actually developed by Saab and/or Swedes so the whole world can see that the new 9-5 is not a big Opel, but the “best car they could build” is actually a Saab abused with an Opel badge

Red J
Member

Polle,
we should start forgetting about that. I think even in the future Saab will do some engineering work for GME at least on the powertrain side, and nobody will now as GM won’t tell anyone.

The best thing is to concentrate on Saab, and when the Phoenix based 9-3 comes to market then we will see how good the GM platforms are. πŸ˜‰

Polle
Member

Red J,
I don’t fully agree with you. Saab is seen as unsignificant in the automotive market and is currently beΓ―ng chocked. We have put our pants down to have a chance at a future and I think we are entiteled to show off what we have accomplished in the past.
Our gearboxes have an aisin badge, almost halve of the European diesel cars have a PSA badge. I think we should be able to show the world what parts should have a Saab badge.

ivo 71
Member

Well, it could be used inr a re-birth marketing campaign one day: Did you know that Saab…

Ivo

hilmar
Member

P.S. Just read the German Handelsblatt Liveticker 13.09.11 – GM intends to build a plant in China to sell Opel. There might be a business competition with Saab !

CoolCombi
Member

Victor Up!

katar1na
Member

This is soooo wieeerd…

This poor brand has to go through every imaginable instance in the whole world before there can be any cars built?!

I’ll bet it’s lightyears easier to start manufacturing cocaine or blow up a nuclear industry than building SAAB cars!

Now let’s see what the cats 10:th life goes for, this one needs eternal life to keep on like this… “Neverending Story” is the music for me in my car right now πŸ˜‰

SaabKen
Member

What the typical NDRC bureaucratic office looks like …….

comment image

πŸ˜‰

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