China Automotive Systems to acquire remaining shares in two joint ventures with Jingzhou Jiulong Machinery  [ China ]

On August 11, 2014, China Automotive Systems, Inc. announced that the company and Jingzhou Jiulong Machinery and Electronic Manufacturing Co., Ltd. signed an agreement that China Automotive Systems will acquire the following shares from Jingzhou Jiulong Machinery and Electronic Manufacturing: a 20 percent share in Jingzhou Henglong Automotive Parts Co., Ltd.; and a 19 percent share in Shashi Ji...