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China's ZYNP to set up unit in U.S. for acquiring Incodel, assets of Airport Industry Center

Tuesday, 13 Sep 2016 04:20am EDT

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 completes full acquisition of Chongqing shaft unit

Monday, 12 Sep 2016 09:39pm EDT

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 buys BillForge in India for 178 million euros

Monday, 12 Sep 2016 07:46am EDT

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 approves 100 pct acquisition of Bill Forge Pvt Ltd

Monday, 12 Sep 2016 07:41am EDT

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 takes 40 percent stake Doubleslash

Friday, 9 Sep 2016 05:19am EDT

: 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: frankfurt.newsroom@thomsonreuters.net)).

Seoyeon to merge with investment company

Friday, 9 Sep 2016 04:19am EDT

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 acquires majority interest in Brazilian KLL

Thursday, 8 Sep 2016 01:45am EDT

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 says MSSL Manufacturing Hungary acquires auto unit of Abraham ES Tarsa KFT

Wednesday, 7 Sep 2016 07:43am EDT

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 announces agreement to acquire Luvata Heat Transfer Solutions for about $422 mln

Tuesday, 6 Sep 2016 06:45pm EDT

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 enters placing agreement<1269.HK>

Tuesday, 6 Sep 2016 06:13pm EDT

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 .

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