Brief: Nexteer Automotive says unit formed joint venture with Dongfeng Components
10/04/2017 11:26
April 10 (Reuters) - Nexteer Automotive Group Ltd 1316.HK :
* On 2 March 2017, Nexteer China Holding entered into JV
agreement with Dongfeng Components
* JV co shall have initial registered capital of RMB150
million & shall be contributed equally by Nexteer China and
Dongfeng Components
* JV company will principally engage in developing,
manufacturing, assembling, and sale of electric power steering
Source text: (http://bit.ly/2opyUGl)
Further company coverage: 1316.HK
((Bangalore.newsroom@thomsonreuters.com;))
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