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In Singapore, it is officially known as Huayu ([[Traditional Chinese]]: 華語; [[Simplified Chinese]]: 华语; [[Hanyu Pinyin]]: Huáyǔ).
The assets that Shanghai Automotive Industry will sell to the listed unit include its 60.10% stake in auto parts maker Huayu Automotive Systems Co., its wholly owned units in the U.S. and Hong Kong, its 6.01% stake in GM Korea Co., and its stakes in other units ranging from new-energy car makers to trade and investment firms, according to the statement.
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.
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