HUAYU Automotive, Chia Tai to establish joint venture in Thailand
On May 16, 2013, Huayu Automotive Systems Company Limited and the Chia Tai Group of Thailand signed an agreement to establish Huayu Chia Tai Co., Ltd. The new joint-venture company will be capitalized at 40 million yuan, of which 51 percent will be invested by Huayu and 49 percent by Chia Tai. By locating an assembly....
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