Zhejiang Wanliyang to acquire Wuhu Chery Transmission for CNY 2.6 billion  [ China ]

Zhejiang Wanliyang Co., Ltd. announced that it will acquire Wuhu Chery Transmission Co, Ltd. for CNY 2.6 billion after raising a necessary fund by issuing new shares. Previously, Wuhu Chery Transmission was the transmission production unit of Chery Automobile. It manufactures transmissions for Chery brand's passenger cars. After the transactions, Zhejiang Wanliyang will own a 100% stake in Wuhu...
<Aug 12, 2016>