Saab boss 'confident' sale will happen
The new agreement hands complete control of Saab to Pang Da and Youngman for a price of €100m (£88m).
The two companies had previously agreed to buy up to 50% of Saab, but Chinese authorities refused to approve the deal.
However, Saab boss Victor Muller said he was 'confident' the deal would go through soon because 100% of the company's shares are involved.
Saab will continue to manufacture the majority of its cars in Sweden, with the Trollhattan factory capable of producing up to 190,000 vehicles a year. However, Muller said the car maker would be unlikely to build any cars this year.
Mr Muller said the new owners intended to make China the second biggest market for Saab, and that they also intended to reinstate the brand as a rival for premium manufacturers such as Audi and BMW.
‘I am proud that we have managed to bring Saab to a safe haven and it is alive. It is an iconic car maker and that is what we set out to do, but it was a very tough undertaking,’ said Muller.