News Column

RIFA Precision to Acquire MCM through Consolidation

July 8, 2014

SHENZHEN, July 8, SinoCast -- Zhejiang RIFA Precision Machinery Co. (SZSE: 002520) plans to acquire Italy-based Machining Centers Manufacturing S.p.A. (MCM) through major asset consolidation mode with self-owned or -financed capital in a bid to accelerate the acquisition.

It intended to complete the deal through launching a private placement previously.

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Source: Sinocast Machinery & Industrial Goods Beat (China)

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