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Wanxiang Qianchao to acquire Wanxiang Tongda shares
Wanxiang Qianchao Co., Ltd. announced that it will acquire Wanxiang Tongda shares for CNY 644 million. Wanxiang Qianchao will pay CNY 476.6 million to the Wanxiang Group, which holds a 66.6 percent share, while paying CNY 167.4 million to Hubei Tongda Industrial, which has a 23.4 percent share. Wanxiang Tongda, capit....
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