Motonic Corporation to absorb Korean subsidiary  [ Korea ]

Motonic Corporation announced that it will absorb its Korean subsidiary Daesung Automotive Co., Ltd. effective October 1, 2014. Daesung Automotive produces carburetors and throttle bodies for electronic fuel injection systems at its Daegu facility. Its sales for the fiscal year ended December 31, 2013 amounted to KRW 40,407 million (From a press release on July 29, 2014)
<Jul 29, 2014>