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Pyeong Hwa Automotive to merge with PHA Electric & Electronics

Friday, 20 Oct 2017 04:56am EDT

Oct 20 (Reuters) - Pyeong Hwa Automotive Co Ltd <043370.KQ> ::Says it plans to merge with wholly owned subsidiary PHA Electric & Electronics, an automobile components maker, with merger ratio of 1:0 between the two companies.Says the company will survive and the unit will be dissolved after merger.Expected merger effective date is Dec. 29.

Jinxi Axle's railway related product unit to merge with railway equipment unit

Tuesday, 17 Oct 2017 10:29pm EDT

Oct 18(Reuters) - Jinxi Axle Co Ltd <600495.SS> ::Says its Baotou-based railway related product unit will merge with its Baotou-based railway equipment unit.Says the railway equipment unit to be dissolved after merger .

Grammer says not chosen for major follow-up orders

Friday, 13 Oct 2017 08:37am EDT

Oct 13 (Reuters) - GRAMMER AG ::DGAP-ADHOC: GRAMMER AG NOT CHOSEN FOR MAJOR FOLLOW-UP ORDERS.‍CONTINUES TO EXPECT A VERY POSITIVE OPERATING EBIT FOR BUSINESS YEAR 2017​.‍EXPECTS TO NOW FALL WELL SHORT OF ITS PLANNED ANNUAL TARGET FOR INCOMING ORDERS IN AUTOMOTIVE SEGMENT​.‍CONTINUES TO EXPECT A VERY POSITIVE OPERATING EBIT FOR BUSINESS YEAR 2017, ABOVE PREVIOUS YEAR'S LEVEL​.‍FROM TODAY'S POINT OF VIEW THERE IS NO NEED TO ADJUST GRAMMER GROUP'S MIDTERM PROJECTIONS​.‍LACK OF NEW-ORDER VOLUME CAN NO LONGER BE FULLY COMPENSATED FOR IN CURRENT BUSINESS YEAR​.‍HOWEVER OPERATING EBIT MARGIN IS PROJECTED TO FALL SHORT OF FULL YEAR TARGET FIGURE OF AROUND 5%​.‍TOTAL COST BURDEN IN CURRENT FY DUE TO NON-AWARD OF NEW ORDERS COMPRISES AROUND EUR 10 MILLION IN AUTOMOTIVE SEGMENT.SHARES IN GRAMMER AG TURN NEGATIVE, NOW DOWN 5.6 PCT‍​​.

Hamaton Automotive Technology sees Q1 to Q3 of FY 2017 net profit to down 15 pct to up 15 pct

Friday, 13 Oct 2017 05:38am EDT

Oct 13 (Reuters) - Hamaton Automotive Technology Co Ltd <300643.SZ>:Sees Q1 to Q3 of FY 2017 net profit to decrease by 15 percent to increase by 15 percent, or to be 25.7 million yuan to 34.8 million yuan.Says the net profit of FY 2016 Q1 to Q3 was 30.3 million yuan.Comments that stable business model as the main reason for the forecast.

Kongsberg Automotive mulls closing Burton plant in the UK

Thursday, 5 Oct 2017 10:00am EDT

Oct 5 (Reuters) - KONGSBERG AUTOMOTIVE ASA :‍IT HAS BEEN PROPOSED THAT FTS BURTON PLANT IN UK WILL BE UNDER CONSIDERATION AS ONE OF SIX PRODUCTION FACILITIES THAT COULD BE CLOSED​.‍OPERATIONS AT PLANT COULD POTENTIALLY CEASE FROM APRIL 2018.​.‍THERE ARE 52 EMPLOYEES WORKING FOR KA FTS AT KA BURTON FACILITY THAT COULD BE AFFECTED​.‍PROPOSED PLAN FOR BURTON IS THAT JLR OF PRODUCTION AND EQUIPMENT WOULD BE MOVED TO KA'S NEW FACILITY IN POLAND​.

Ningbo Tuopu Group to merge with mobile underpan tech unit

Friday, 29 Sep 2017 02:52am EDT

Sept 29 (Reuters) - Ningbo Tuopu Group Co Ltd <601689.SS> ::* Says it plans to merge with its wholly owned Ningbo-based mobile underpan technology subsidiary .* Says the subsidiary will be dissolved after transaction .* Says the implementation main body of the automobile electronic vacuum pump project will be changed to the company from the subsidiary after the merger .

U-Shin to dissolve subsidiary YUHSHIN U.S.A.

Tuesday, 26 Sep 2017 03:04am EDT

Sept 26(Reuters) - U-Shin Ltd <6985.T>:Says it plans to dissolve a wholly owned subsidiary YUHSHIN U.S.A. LTD., which is engaged in manufacture and sales of automobile parts.Effective date is not decided yet.

Paragon: price range for planned IPO of Voltabox of EUR 20-24/shr

Monday, 25 Sep 2017 02:01am EDT

Sept 25 (Reuters) - PARAGON AG ::DGAP-ADHOC: PARAGON AG: E-MOBILITY PIONEER VOLTABOX AG ANNOUNCES PRICE RANGE FOR PLANNED IPO.‍VOLTABOX AG HAS SET A PRICE RANGE OF BETWEEN EUR 20.00 AND EUR 24.00 PER SHARE​.‍OFFER IS TO CONTAIN MAINLY FIVE MILLION NEW SHARES PLUS A GREENSHOE OPTION OF 0.825 MILLION ADDITIONAL NEW SHARES FROM A CAPITAL INCREASE OF VOLTABOX AG​.‍EXISTING SHAREHOLDER PARAGON AG WILL ALSO SELL AN ADDITIONAL 0.5 MILLION SHARES IN OFFER​.‍TRADING OF VOLTABOX IN PRIME STANDARD SEGMENT IS EXPECTED TO START ON OCTOBER 13, 2017​.‍PARAGON AG INTENDS TO REMAIN MAJORITY SHAREHOLDER OF VOLTABOX FOR FORESEEABLE FUTURE​.

Tianjin Motor Dies says shareholding structure change

Monday, 18 Sep 2017 05:09am EDT

Sept 18 (Reuters) - Tianjin Motor Dies Co Ltd <002510.SZ> ::* Says six individual shareholders, who are the co's actual controller as persons acting in concert, are in deal to sell 5.41 percent stake of shares in co to a Ningbo-based investment management center (LP).

Kuangda Technology Group to dissolve three power generation units

Thursday, 14 Sep 2017 11:26pm EDT

Sept 15(Reuters) - Kuangda Technology Group Co Ltd <002516.SZ> ::* Says it plans to dissolve three wholly owned power generation subsidiaries located in Gansu and Yunnan .

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