Xuchang Yuandong Drive Shaft to acquire remaining 50% stake in Chongqing Heavy Automobile Yuandong Drive Shaft  [ China ]

Xuchang Yuandong Drive Shaft Co., Ltd. announced that it has signed an agreement with Chongqing Machinery & Electronics Holding Group Co., Ltd. to acquire the remaining 50% stake in Chongqing Heavy Automobile Yuandong Drive Shaft Co., Ltd. from Chongqing Machinery & Electronics. Xuchang Yuandong Drive Shaft will pay CNY 19 million for this deal, and will convert Chongqing Heavy Automobi...