Brief: Grammer Signs Joint Venture Agreement With FAWSN Group

GRAMMER AG

05/11/2019 07:44

Nov 5 (Reuters) - Grammer AG  GMMG.DE :
    * DGAP-NEWS: GRAMMER AG SIGNS JOINT VENTURE AGREEMENT WITH FAWSN GROUP, AN AFFILIATED
COMPANY OF
ONE OF THE LARGEST AUTOMOTIVE MANUFACTURERS IN CHINA
    * FURTHER MILESTONE OF GRAMMER'S EXPANSION PLANS IN CHINA ACHIEVED
    * GRAMMER TO HOLD 50 PERCENT OF JOINT VENTURE WITH CHANGCHUN FAWSN GROUP CO., LTD.
    * CHANGCHUN FAWSN GROUP IS AN AFFILIATED COMPANY OF FAW GROUP, A LEADING PASSENGER CAR AND
TRUCK
MANUFACTURER IN CHINA
    * WILL BE HOLDING 50 PERCENT OF NEW JOINT VENTURE GRAMMER FAWSN VEHICLE PARTS CO., LTD.
OTHER 50
PERCENT WILL BE HELD BY CHANGCHUN FAWSN GROUP

Source text for Eikon:  ID:nEQ9Vw9vja 
Further company coverage:  GMMG.DE 

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