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    CAAS — China Automotive Systems News Story

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    Brief: China Automotive Systems' Unit Enters JV Contract With KYB China

    Picture of China Automotive Systems logoChina Automotive Systems
    27/04/2018 17:33
    April 27 (Reuters) - China Automotive Systems Inc  CAAS.O :
    * CHINA AUTOMOTIVE SYSTEMS INC - ON APRIL 27, UNIT OF CO
ENTERED
INTO A JOINT VENTURE CONTRACT WITH KYB (CHINA) INVESTMENT CO.,
LTD - SEC FILING
    * CHINA AUTOMOTIVE - HENGLONG, KYB WILL ESTABLISH A JOINT
VENTURE
COMPANY, HUBEI HENGLONG KYB AUTOMOBILE ELECTRIC STEERING SYSTEM
CO., LTD
    * CHINA AUTOMOTIVE SYSTEMS INC - PURSUANT TO THE JV
CONTRACT,
TOTAL INVESTMENT AMOUNT OF THE JV COMPANY IS RMB960 MILLION
    * CHINA AUTOMOTIVE SYSTEMS INC - THE JV COMPANY TO BE OWNED
AS TO
66.6% AND 33.4% BY HENGLONG AND KYB CHINA, RESPECTIVELY

Source text : ( https://bit.ly/2HShOeB )
Further company coverage:  CAAS.O 

 ((Reuters.Briefs@thomsonreuters.com;))

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