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Shanghai Mechanical & Electrical Industry Co Ltd Announces Capital Injection into Subsidiary of Nabtesco Corp


Thursday, 25 Apr 2013 08:00pm EDT 

Shanghai Mechanical & Electrical Industry Co Ltd announced that it plans to inject RMB 19,146,876 into a Nabtesco Corp's wholly owned subsidiary, Shanghai-based transmission equipment trading company (Company A), which is engaged in the sale of precision reducer for manufacturers of multi-joint robots and industrial automation system integration applications, to hold a 51% stake. After that, Nabtesco Corp's holdings in Company A will decrease to 49%. 

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