ZYNP Corp <002448.SZ> :Says it plans to set up unit in U.S. for acquiring Incodel Holding LLC, assets of Airport Industry Center LLC.
Xuchang Yuandong Drive Shaft Co Ltd <002406.SZ> : Says it completes acquisition of 50 percent stake in a Chongqing shaft unit, at price of 19.0 million yuan .Co is holding a 100 percent stake in the unit ups from 50 percent after the transaction.
CIE Automotive SA : Says buys BillForge via its Indian unit Mahindra CIE Automotive for 13.31 billion Indian rupees, that is around 178 million euros . Says 51 percent of the price will be paid in cash and the rest will be exchanged for shares of Mahindra CIE Automotive . Says Mahindra CIE Automotive to issue 54.49 million shares to CIE Automotive and BillForge shareholders at 200 Indian rupees ($2.99) per share .Says BillForge is a precision forging and machining company focused on two-wheeler and passenger car auto components.
Mahindra CIE Automotive Ltd : Approved 100% acquisition of Bill Forge Private Limited and authorized signing of the acquisition agreement. . Deal for 13.31 billion rupees in cash . Deal proposed to be completed by end October 2016 .
: Zf friedrichshafen buys stake in software company doubleslash . Zf friedrichshafen takes 40 percent stake in group Further company coverage: [ZFF.UL-E] (Frankfurt newsroom) ((+49 69 7565 1270; Reuters Messaging: firstname.lastname@example.org)).
Seoyeon Co Ltd <007860.KS> : Says to merge with an investment company . Says merger ratio of 1 : 5.6337090 between the company and target company . Says 968,998 new shares will be issued for the merger .Says expected merger effective date of Dec. 1 and registered date of Dec. 2.
SAF HOLLAND SA : Acquires majority interest in Brazilian suspension specialist KLL . Expects closing of acquisition sometime in Q4 of 2016 . Companies agreed not to disclose purchase price . Intends to include KLL into SAF-HOLLAND Group's scope of consolidation as of October 1, 2016 . Founding family will retain remaining 42.5 percent interest in KLL . Kll expects sales for full-year 2016 to reach about 10 million euros ($11.25 million) and a break-even ebitda .Expects that rising sales at KLL will allow it to return to EBIT-margins achieved in a normal year which were above current SAF-HOLLAND Group average.
Motherson Sumi Systems Ltd : MSSL Manufacturing Hungary acquiring automotive business unit of Abraham ES Tarsa KFT. located in Turkeve, Hungary . Transaction is expected to be completed in October 2016 . MSSL to buy land, building and machinery of Abraham ES Tarsa KFT for EUR 10.4 million .
Modine Manufacturing Co : To acquire Luvata Heat Transfer Solutions for about $422 million, to be financed through a combination of cash, debt, $25 million of Modine common stock .JP Morgan Securities LLC serves as Modine's exclusive financial advisor,Kirkland & Ellis serves as Modine's primary legal advisor.
China Vehicle Components Technology Holdings Ltd <1269.HK>: First cap gp-placing of new shares under general mandate <1269.HK> . Company entered into the placing agreement with the placing agent . Placees to subscribe for up to 132.7 million placing shares at a price of hk$6.00 per placing share . Intends to use approximately hk$200 million of net proceeds for the development of financial service business . Net proceeds arising from placing are estimated to be approximately hk$790 million .