saic motor corp plans to acquire a 7104 stake in shanghai dongzheng automotive finance co for 190 billion hong kong dollars us2421 million postacquisition the chinese stateowned automobile manufacturer will also make a mandatory offer to buy all dongzhengs hshares and ashares valuing the entire deal at hk247 billion the companies said in a joint statement friday the offer price for dongzhengs hshares is at a 2556 premium to its last traded price of hk099 the statement said that saic motor which will finance the acquisition through its internal resources doesnt intend to raise the offer price cicc is advising saic on the deal