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SHE:002048

2 stories mentioning SHE:002048Updated 24d ago

Every FINWIRES story that references SHE:002048, newest first.

Asia

Ningbo Huaxiang Electronic to Form Two JVs for Smart Brakes; Shares Up 3%

Ningbo Huaxiang Electronic (SHE:002048) signed a shareholders' agreement with Nanjing Brembo to establish two joint ventures in China.The first joint venture, with 100 million yuan in registered capital, will produce electromechanical breaks. The second, with 50 million yuan in capital, will handle the sale of the brakes, according to a Friday filing with the Shenzhen bourse.The joint venture agreement includes a five-year lock-up period from the establishment date.Shares of the nonmetallic automobile parts maker rose 5% in recent trade.

SHE:002048
Asia

Huaxiang Electronic Ties Up With Anzhi Automotive to Set Up Joint Venture

Ningbo Huaxiang Electronic (SHE:002048), through subsidiary Ningbo Huaxiang New Three-Electric Technology, agreed to establish a joint venture with Zhejiang Anzhi Automotive Technology, according to a Shenzhen bourse filing on Tuesday.The venture, Huaxiang Anzhi Intelligent Suspension System (Shanghai), will have a registered capital of 20 million yuan. It will manufacture intelligent suspension systems and key components.The nonmetallic automobile parts maker will own 60% of the venture, while Anzhi Automotive will hold the remaining 40% after investing 12 million yuan and 8 million yuan, respectively.

SHE:002048