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Article: China : Sanyo Takes 30 Pct Stake in Chinas Top Refrigerator Maker.

Article from:
TendersInfo
Article date:
September 9, 2008
Copyright

Byline: sanjayV03

Japans Sanyo Electric Co. said Monday it has acquired a 30 pct equity stake in Chinas top maker of refrigeration equipment, Dalian Bingshan Group Co., to become the biggest shareholder.

The major Japanese home appliance maker did not disclose the value of the investment. Dalian Bingshan is capitalized at around 2.3 billion yen and boasts a 40 pct share in the Chinese market for refrigeration products used in supermarket showcases. Sanyo and Bingshan have created a total of 13 joint ventures since 1992 to make and sell ...

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