Steyr Motors to sell shares in Hubei Axle and Jingzhou Hengfeng Brake System  [ China ]

Steyr Motors Co., Ltd. announced that it will transfer shares in its two subsidiaries to Jingzhou Hengfeng Brake System Co., Ltd. It plans to sell a 63.28 percent share in Hubei Axle Co., Ltd. and a 100 percent share in Jingzhou Hengfeng Brake System Co., Ltd. for CNY 171.84 million. (From an announcement by the company on June 27, 2014)
<Jun 27, 2014>