Auto / Truck / Motorcycle Parts
Sejong Industrial Co., Ltd. Jointly Establishes New Company
Sejong Industrial Co., Ltd. announced that it has jointly established a new company, Chongqing Qinchuan Sejong Auto Parts Co. Ltd., on April 7, 2013, to foray into muffler market in China. The new entity is mainly engaged in the production and sales of vehicle parts. The Company invested RMB 3 million, holding a 10% stake in it.
Jiangsu Pacific Precision Forging Co Ltd Announces FY 2013 H1 Net Profit Outlook
Jiangsu Pacific Precision Forging Co Ltd announced that it expects its net profit for the first half of fiscal year (FY) 2013 to be RMB 52.50 million to RMB 55.50 million, or to decrease by 2.05% to 7.34%, compared to the net profit of the same period in FY 2012 (RMB 56,661,800). The Company cited the increased operating income, increased financial expenses and non-recurring gains as the main reasons for the forecast.
Yunnan Xiyi Industrial Co Ltd to Transfer 2% Stake in China South Industries Group Finance Co., Ltd to South Industry Assets Management Co., Ltd
Yunnan Xiyi Industrial Co Ltd announced that it has decided to sell all 30 million shares (2% stake) of China South Industries Group Finance Co., Ltd to South Industry Assets Management Co., Ltd.
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