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Coming together
May 26, 2009, Tuesday
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Print Edition
Print Edition
CHINA'S Weichai Holdings Group, Shandong Construction Machinery Group Co and Shandong Auto Industrial Group will merge to form an auto parts maker.
The government of Shandong Province has approved the merger plan in principle, the listed unit of the involved companies said. The new firm would target more than 100 billion yuan (US$14.6 billion) in sales by 2012.
The government of Shandong Province has approved the merger plan in principle, the listed unit of the involved companies said. The new firm would target more than 100 billion yuan (US$14.6 billion) in sales by 2012.
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