October 22, 2018 / 5:08 AM / 22 days ago

BRIEF-Phoenix Mecano To Acquire Majority Stake In Mei Hui Machinery Co., Ltd.

Oct 22 (Reuters) - Phoenix Mecano AG:

* TO STRENGTHEN MECHANICAL COMPONENTS DIVISION WITH ACQUISITION IN ASIA

* PLANS TO ACQUIRE A MAJORITY STAKE IN CHINA-BASED MEI HUI MACHINERY CO., LTD.

* INTENDS TO ACQUIRE 80%

* PARTIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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