Brief: SIASUN Robot & Automation unit to acquire 80 pct stake in firm split from Shinsung E&G for 104 bln won

Shinsung E&G Co

22/01/2018 03:37

Jan 22(Reuters) - SIASUN Robot & Automation Co Ltd 
 300024.SZ   
     
    * Says co's Shenyang-based investment management unit signs 
agreements with SHINSUNG E&G CO., LTD  011930.KS , to acquire 80 
percent stake in a firm, which will be established by SHINSUNG 
E&G via splitting its factory automation business  
    * Says acquisition price is 104 billion won (about 640 
million 
yuan) 
 
    Source text in Chinese: https://goo.gl/dP8Ugp 
    Further company coverage: 300024.SZ  011930.KS  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 10 62674724; 
Reuters Messaging: tingting.liu.reuters.com@reuters.net))