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Fortune Electric Co Ltd to Establish Joint Venture with Hitachi Ltd

Wednesday, 9 Oct 2013 02:02am EDT 

Fortune Electric Co Ltd announced that it has decided to establish a joint venture with Hitachi Ltd, to its improve product level, technical strength, product competitiveness, and also for its global export layout. The joint venture will be an electrical transformer company with a paid-in capital of NTD 1.412 billon. Fortune Electric Co Ltd and Hitachi Ltd will respectively hold a 40% and a 60% stake in it. 

Company Quote

0.16 +0.22%
22 Oct 2014