Volvo Cars investing HK$2.59 billion (334 million USD) in the holding company. Ford Motor Company offered Volvo Cars for sale in December 2008, after suffering losses that year. On 28 October 2009, Ford confirmed that, after considering several offers, the preferred buyer of Volvo Cars was Zhejiang Geely Holding Group, the parent of Chinese motor manufacturer Geely Automobile. On 23 December 2009, Ford confirmed the terms of the sale to Geely had been settled. A definitive agreement was signed on 28 March 2010, for $1.8 billion. The European Commission and China's Ministry of Commerce approved the deal on 6 and 29 July
Zhejiang Radio and Television Group Zhejiang Radio and Television Group Zhejiang Radio and Television Group (ZRTG) (), is China's fourth-biggest television network after China Central Television (CCTV), Hunan Broadcasting System (HBS), and Jiangsu Broadcasting Corporation (JSBC). The television network is owned by the Zhejiang provincial government. The network is based in Hangzhou in Zhejiang. Before the establishment of Zhejiang Radio and Television Group the local television stations first aired in Hangzhou and northern Zhejiang in the 1960s. ZRTG was established in 8 November 2001 to compete with other major Television networks and expanded its network through nationwide satellite television on 1994. ZRTG have broadcast notable