|
|
Article: SANYO BUYS A 30% STAKE IN DALIAN BINGSHAN GROUP
- Article from:
- AsiaInfo Services
- Article date:
- September 11, 2008
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
AsiaInfo Services
09-11-2008
Sanyo Buys a 30% Stake in Dalian Bingshan Group
DALIAN, Sep 11, 2008 (SinoCast via COMTEX) -- Japan-based Sanyo Electric Co., Ltd. buys a 30% stake in industrial air-conditioner and refrigerator maker Dalian Bingshan Group Co., part of its efforts to expand business in China.
After the acquisition, the Japanese electrical products maker will become the largest shareholder of the Chinese company, which is the majority shareholder of Dalian Refrigeration Co., Ltd. (SZSE: 000530).
The acquisition, according to people in the know, accords with Sanyo's plan to expand its electronics segment in China. The Japanese company has been enlarging the production and sales of ...