News Column

Yonggui Electric Equipment to Buy 100% of Bode Communication

August 7, 2014

TAIZHOU, August 7, SinoCast -- Zhejiang Yonggui Electric Equipment (SZSE: 300351) plans to acquire 100% of Beijing Bode Communication Equipment via paying cash and issuing shares. It intends to raise supplementary capital via issuing shares to the subscribers. After the acquisition, it will own two major businesses, namely door systems and rail communication connectors.

100% of Bode Communication was estimated at CNY 415 million.

Bode Communication is mainly engaged in the R&D, production and sale of rail communication- and auto-use door systems.

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Source: Sinocast Transportation Beat (China)

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