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Shanghai Jialeng Songzhi Automobile Aircondition Co Ltd to invest in subsidiary of Zhongtong Bus Holding Co Ltd


Tuesday, 24 Dec 2013 07:00pm EST 

Shanghai Jialeng Songzhi Automobile Aircondition Co Ltd and Zhongtong Bus Holding Co Ltd:Says Shanghai Jialeng will invest 65 million yuan into a wholly owned subsidiary of Zhongtong Bus Holding Co Ltd, to hold 50 pct stake in the target company.Says the target company is engaged in development, manufacture and sale of automobile and vessel air conditioner and other cooling equipment, as well as electronic automobile parts.Says the two companies will hold 50 pct in the target company respectively.