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Dongfeng Electronic Technology Co Ltd's Joint Venture to Establish Joint Venture with KASAI KOGYO CO LTD

Monday, 28 Oct 2013 08:00pm EDT 

Dongfeng Electronic Technology Co Ltd (Dongfeng) announced that a Wuhan-based automobile trim system company (Company A), which is a 50:50 owned joint venture of Dongfeng and Yanfeng Visteon, decided to establish a joint venture with KASAI KOGYO CO LTD in Xiangyang City, China. The new entity, namely Dongfeng Kasai (Xiangyang) Automotive Trim Systems Co., Ltd, will be also an automobile trim system company, with a registered capital of RMB 77 million, of which Company A and KASAI KOGYO CO LTD will respectively invest RMB 50.50 million and RMB 26.95 million to hold a 65% and a 35% stake. 

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1 May 2015