Zhejiang Wanliyang to acquire additional 12.24% stake in Shandong Menwo Transmission  [ China ]

Zhejiang Wanliyang Co., Ltd. announced that it will increase its shareholding in Shandong Menwo Transmission Co., Ltd., its subsidiary, to 66.12% from the current 53.88% by acquiring the 12.24% stake held by Linyi Sincerity Investment Co., Ltd. The company will spend CNY 19.62 million for this deal. (From an announcement by the company on May 13, 2016)