Johnson Electric to acquire additional stake in Ri Yong-Jea Gate Electric Group  [ China ]

JEA Limited, a subsidiary of Johnson Electric Group, and Shanghai Mechanical & Electrical Co., Ltd. signed a contract, under which JEA will acquire additional stake in three companies for CNY 128 million. It will acquire 10% of Shanghai Ri Yong-Jea Gate Electric Co., Ltd. shares that will increase its shareholding ratio in the company to 70%, 5% of Changchun Ri Yong-Jea Gate Electric Co., L...