GELYF(.51) has lined up loans from three Chinese government banks--Bank of China, China Construction Bank and Export-Import Bank of China to bid for Ford's Volvo unit that is being sold.
When there were rumors that GELYF wouldn't get Volvo, the stock pulled back 10%. GELYF was advertised here, on September 23 when Goldman Sachs put money into this name at 30 cents.
With this news, this number is looking even better!
1 comment:
Thanks for the tip on this one, its done me well. i owe you a steak dinner or something.
and now its seems that goldman is pimping all of china for 2010.
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