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Dongfeng Electronic Technology to set up joint ventures

Thursday, 8 May 2014 08:00pm EDT 

Dongfeng Electronic Technology Co Ltd:To set up two joint ventures named Knorr-Bremse DETC Commercial Vehicle Braking Systems (Shiyan) Co., Ltd. (JV A) and Knorr-Bremse DETC Commercial Vehicle Braking Technology Co., Ltd. (JV B) in China with Knorr-Bremse Asia Pacific (Holding) Ltd.To hold 51 pct stake in JV A capitalized at 10 mln yuan and 49 pct stake in JV B capitalized at 70 mln yuan, which will be engaged in production, wholesale, import, export and agency of commercial vehicle brake products and parts. 

Company Quote

-0.82 -5.62%
2:59am EDT