China's SAIC shares to remain suspended next week
A customer looks at a Buick Regal car at a General Motors auto dealership in Shanghai December 4, 2009. General Motors Co will make a major announcement on Friday on its relationship with its Chinese partner after news it was near a deal to sell majority control of its China venture to SAIC Motor Corp. REUTERS

Trading in the shares of SAIC Motor Corp, China's top car maker, will remain suspended for another five working days from Monday, the company said in a filing with the Shanghai Stock Exchange on Friday.

Trading in SAIC Motor has been halted since Feb. 14 after its holding company, state-owned SAIC Group, said it was working on a major plan involving SAIC.

SAIC Motor manufactures Buick, Chevrolet, Cadillac and Volkswagen brands in China through tie-ups with General Motors (GM.N) and VW (VOWG.DE).

Chinese media reported a week ago that SAIC Group plans to inject additional assets into its listed subsidiaries as it finalises its move to float all of its auto-related operations.

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