KCW to transfer wiper division to KB Wiper Systems, joint venture with Bosch Electrical Drives  [ Korea ]

KCW, an affiliate of Kyung Chang Industrial Co., Ltd., announced that it will transfer its wiper division to KB Wiper Systems, a new company it will establish jointly with Bosch Electrical Drives. The transfer is worth KRW 35,434 million, and KCW will acquire 50 percent of KB Wiper Systems shares for the deal. (From a press release on May 28, 2015)
<May 28, 2015>