Halla Visteon to acquire majority stake in Chinese subsidiary of Japan Climate Systems  [ China ]

Halla Visteon Climate Control Corp. (HVCC) announced the company has reached an agreement to acquire an ownership stake in Japan Climate Systems (JCS) Nanjing of 51 percent and become the majority shareholder. The cash transaction, valued at USD 6.4 million (KRW 6.5 billion), is expected to be finished in the third quarter of 2014. JCS Nanjing manufactures heat exchangers for automotive applica...