Administrator Tony Lomas said the bid from Nanjing was the clear winner due to it being an "unconditional contract that differentiated it from all other bids".
Executives from Chinese carmaker Nanjing Automobile are now in the West Midlands to begin the search for a management team and a new car production site after placing the winning bid to buy MG Rover.
Who owns what in the fight for MG Rover?
Shanghai Automotive Industry Corpotation
Nanjing Automobile Corporation
BMW
St Modwen
Honda
What are the problems with the deal?
Because MG saloon variants of Rover cars, MG ZR and MG ZT, share common components and design, Nanjing believes it can build the cars it wants.
SAIC believes that it has exclusive rights to the development of the cars and engines based on the 25 and 75 platforms.
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