Shanghai Sekely Die Technology to acquire Nanjing Automobile Tooling  [ China ]

Shanghai Sekely Die Technology Co., Ltd., a subsidiary of HUAYU Automotive Systems Company Limited, announced that it will acquire 100 percent of Nanjing Automobile Tooling Co., Ltd. for CNY 251.4 million. Nanjing Automobile Tooling, capitalized at CNY 153.34 million, is currently owned 70 percent by the SAIC Group and 30 percent by Donghua Automotive Industrial Co., Ltd. The company designs, d...