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Guizhou Guihang Automotive Components Co Ltd to Establish Joint Venture to Acquire Business


Monday, 28 Oct 2013 08:00pm EDT 

Guizhou Guihang Automotive Components Co Ltd announced that it has decided to set up a joint venture, with Zhang Dengfeng, shareholder of Hebei Hongtu Auto Parts Co., Ltd., and three other individuals. The joint venture will acquire automobile rubber seal strip business and relative assets from Hebei Hongtu Auto Parts Co., Ltd. The Company and Zhang Dengfeng will hold a 51% stake and a 34% stake in the joint venture respectively. And the three other individual shareholders will hold a 5% stake in the joint venture respectively. 

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