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Daesung Fine Tech Co Ltd to merge with KANGNAM CO.,LTD.

Wednesday, 9 Jul 2014 02:13am EDT

Daesung Fine Tech Co Ltd:To merge with KANGNAM CO.,LTD. which is engaged in production and sale of solar water heater and room heater, to expand business.Merger ratio is 1:0.0954889 between the company and KANGNAM.152,782 new shares will be issued for this merger and expect to be listed on Oct. 6.Merger effective date is Sep. 16.After the merger, the company will survive and KANGNAM will be dissolved.

Solid Automotive Bhd's subsidiary entered into sale & purchase agreement

Tuesday, 8 Jul 2014 08:00pm EDT

Solid Automotive Bhd:Says its subsidiary Solid Corporation Sdn Bhd, had on July 9 entered into sale & purchase agreement (agreement).For proposed acquisition with Tan & Sons Development Sdn Bhd and Hiap Lee Clay Pavers & Bricks Sdn Bhd.Acquisition of 3-storey semi-detached factory office with postal address at Lot 27, Jalan Perusahaan 1, Pusat Industri Amari, Kawasan Perindustrian Batu Caves, 68100 Batu Caves, Selangor Darul Ehsan by Solid Corporation Sdn Bhd subsidiary of Solid Automotive Bhd.Proposed acquisition for total cash consideration of 7,168,300 Ringgit.

Chuo Spring Co Ltd to increase stake in China-based joint venture

Thursday, 3 Jul 2014 10:50pm EDT

Chuo Spring Co Ltd:To increase stake in China-based joint venture, engaged in production of automotive coil spring, to 61.55 pct from 46 pct.Acquisition price 8,441,700 yuan, or about 138 million yen.


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