Article: HAIER ELECTRONICS PURCHASED ASSETS OF HAIER MICROWAVE


AsiaInfo Services
06-20-2007
Haier Electronics Purchased Assets of Haier Microwave

SHANDONG, Jun 20, 2007 (SinoCast via COMTEX) -- Qingdao-based Haier Water Heater Co., Ltd, a wholly-owned subsidiary of Haier Electronics Group Co., Ltd. (1169.HK), spent CNY 26.55 million purchasing part of assets of Qingdao Haier Microwave Production Co., Ltd. to expand its production line of microwave ovens, announced the electronics company on June 18, 2007.

The sold assets, located at the port industrial park in Jiaonan city, includes a floor with building area of nearly 17,000 square meters, the use right of the land and the workshop and machines the microwave oven producer used to produce microwave ...

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