Liaoning Automotive To Acquire Assets

Date:2011-11-11houhaizhen  Text Size:

November 11 -- Dalian Auto Parts, a subsidiary of Liaoning Sg Automotive Group (600303.SH), intends to spend 165 million yuan to acquire automobile production technologies, rights to produce certain types of automobiles, and related assets from Liaoning Huanghai Commercial Vehicle, reports stcn.com, citing a company filing.

According to Liaoning Sg Automotive, the acquisition will help to enhance its competitiveness.

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