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Halla Climate Control Corp to Acquire Visteon Climate control (NanChang) Co., Ltd. and Visteon Halla Climate Systems, LLC.


Thursday, 10 Jan 2013 12:59am EST 

Halla Climate Control Corp announced that it has decided to acquire a 80.85% stake in Visteon Climate control (NanChang) Co., Ltd., a China-based company, which mainly engaged in automotive air conditioning products, for KRW 45,628,860,000 to securing a global production base. The merger effective date is January 31, 2013. The Company also announced that it has decided to acquire a 100% stake in Visteon Halla Climate Systems, LLC., a United States-based company, which mainly engaged in research and management of automotive air conditioning products, for KRW 6,319,490,000. The merger effective date is January 31, 2013. 

Company Quote

49800.0
-1200.0 -2.35%
10 Jul 2014