Wan Xiang Qian Chao Co., Ltd. to Set up Joint Venture

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Wan Xiang Qian Chao Co., Ltd. to Set up Joint Venture

Date:2011/08/01

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Wanxiang Qianchao Co.,Ltd.(000559.SZ)

Wan Xiang Qian Chao Co., Ltd. announced that it signed a contract with Magneti Marelli S.p.A to set up a joint venture in Hangzhou, with each to hold a 50% stake in the joint venture. The joint venture will be engaged in research, development, manufacture and marketing of shock absorbers.

Source:Reuters

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