[DISCLOSURE]
Saeron Automotive (075180) announced on June 16 that it has decided to acquire 90 percent stake in its Chinese affiliate temporarily named Saeron Automotive Yantai at US$21.6 million “to increase manufacturing capacity and expand business in China.”
This amounts to 11.3 percent of its equity capital.
By Hwang You-mee (
theinvestor@heraldcorp.com)