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Halla Visteon Climate Control Corp signs agreement to acquire majority equity in Japan Climate Systems


Tuesday, 3 Jun 2014 08:00pm EDT 

Halla Visteon Climate Control Corp:Reaches agreement to acquire ownership stake in Japan Climate Systems (JCS) Nanjing of 51 pct. and become majority shareholder.Cash transaction, valued at $6.4 mln (6.5 bln Korean Won), is subject to adjustments and expected to be finished in the third quarter of 2014, after certain local regulatory and other processes are completed.Established in 1987 as joint venture, Japan Climate Systems (JCS) currently has an ownership structure evenly distributed among HVCC, Mazda and Panasonic. 

Company Quote

50800.0
400.0 +0.79%
23 Oct 2014