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Anhui Zhongding Sealing Parts Co Ltd's Subsidiary to Set up Subsidiary; Sub-subsidiary to Acquire Equity Shares


Tuesday, 16 Oct 2012 08:00pm EDT 

Anhui Zhongding Sealing Parts Co Ltd announced that the Company's wholly owned subsidiary, a sealing part company based in the United States, will invest USD 10 million to set up its wholly owned subsidiary named ZHONGDING US HOLDINGS,INC (ZHONGDING HOLDINGS). ZHONGDING HOLDINGS will invest USD 71.25 million to acquire a combined 100% stake in Acushnet Rubber Company, Inc., a rubber product manufacturer, from Endurance Acquisitions, LLC, Jeffrey Diggins, John McDonough, David Slutz and Lynne Mastera. 

Company Quote

8.33
-0.04 -0.48%
18 Apr 2014