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Shihlin Electric & Engineering Corp Announces Reorganization of Subsidiary; to Transfer Equity Shares to MITSUBA Corp


Sunday, 25 Nov 2012 07:19pm EST 

Shihlin Electric & Engineering Corp announced that it plans to divide its subsidiary, a Changzhou-based motor company (Subsidiary A), into two Changzhou-based motor companies, with one to be with the same name as Subsidiary A, and the other one to be wholly owned by Subsidiary A, for the expansion of the Company's business, effective June 30, 2013. After that, a 45% stake in the new subsidiary will be transferred to MITSUBA Corp. 

Company Quote

1373.0
-135.0 -8.95%
23 May 2013