Changzhou Guangyang Bearing to acquire Tianjin Tanhas Technology  [ China ]

Changzhou Guangyang Bearing Co., Ltd. has decided to acquire all of Tianjin Tanhas Technology Co., Ltd. shares for CNY 550 million. The decision was reached at the company's board meeting held on December 8, 2014. Tianjin Tanhas Technology develops, produces, and sells automotive synchronizers and planetary gear units. Changzhou Guangyang Bearing said it will also raise CNY 180 million in order...