Asia
Ruili Kormee Automotive Electronic Gets Shenzhen Bourse Approval for Acquisition-Tied Share Placement
The Shenzhen bourse approved Guangzhou Ruili Kormee Automotive Electronic's (SHE:001285) share placement to purchase a 16% stake in Wuhan Ruili Kedes Automotive Electronics from individual investor Cheng Yi, according to a Friday bourse filing.The transaction is still subject to approval by the Chinese securities regulator.
SHE:001285