Brief: China Automotive divests Fujian Qiaolong Special Purpose Vehicle Co.
22/04/2016 13:30
April 22 (Reuters) - China Automotive Systems
* China automotive systems announces divestment of fujian
qiaolong special purpose vehicle co., ltd.
* Terms of transaction include a cash payment of rmb 20
million and repayment of a rmb 34 million loan by fujian
qiaolong to caas
* Longyan huanyu has pledged its 51% equity interest in
fujian qiaolong as security for repayment of loan obligation
* Unit sold 51% equity control position in fujian qiaolong
special purpose vehicle to longyan huanyu emergency equipment
technology co
Source text for Eikon: ID:nPn2KP1wHa
Further company coverage: CAAS.O
(Bengaluru Newsroom: +1-646-223-8780)
Recent news on China Automotive Systems
See all newsBrief: China Automotive Systems Ships First Electric Power Steering Models To Global Automaker In Europe
Brief: China Automotive Systems Awarded First South American EPS Contract
Brief: China Automotive Systems nears commissioning of 115-platform
Brief: China Automotive Systems: Company To Merge With Caas Cayman
Brief: China Automotive Systems Reports 19.9% Increase In Net Sales In First Quarter Of 2025