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Ningbo Huaxiang to acquire 93.63 percent share in Shanghai Global

BEIJING – Chinese automotive supplier Ningbo Huaxiang Electronic Co., Ltd. is acquiring 93.63 percent shares of molder and mold maker Shanghai Global Precision Mould & Plastics Co., Ltd. with ¥650 million ($100.3 million), according to a report from Plastics News China on March 22. Ningbo Huaxiang holds the goals to

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Ningbo Huaxiang signs JV deal with German auto parts maker

NINGBO – Ningbo Huaxiang Electronic Co., Ltd. (002048), signed on February 22 a letter of intent with Germany-based Schlemmer Gmbh to build a joint venture in Ningbo, eastern China’s Zhejiang Province, reports China Securities Network. The 50-50 joint venture will make solar heat exchange systems and water-saving irrigation systems. Schlemmer

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