June 1 – Changchun Yidong Clutch (600148) announced today that it is considering investing 52 million yuan in technology upgrades to expand production capacity of auto clutches by 3.6 million and to improve the quality of its production equipment, reports sina.com, citing a company filing.
Yidong Clutch estimates the project could take up to 19 months and would be profitable in roughly four years upon operation.