The Digital Source For China's Tech Innovation Since 2000

Search
Close this search box.

Konka Will Acquire 13% Of Anhui Konka Electronics

June 11, 2006
Gadgets & Electronics

Chinese home appliance manufacturer Konka announced that it would acquire 13% of the stake of Anhui Konka Electronics from Anhui Tianda Enterprise Group, which is the second largest shareholder of the company.

Konka will spend CNY31.78 million on the transaction, and according to the agreement it shall pay the money in one schedule to Anhui Tianda within one month of the date of the signing of the agreement.

Anhui Kongka Electronics is an important production base for Konka, and the introduction of a new outside shareholder may affect the company's development and the production of Konka's products. Konka says this is why it has decided to take over the stake.

Tags: agreement | Anhui | appliance | Chinese | development | enterprise | Gadgets & Electronics | home appliance | IT | Konka | manufacturer | production | shareholder

Other Related News:

India's central bank to opt for "graded approach" towards proposed digital currency

May 28, 2022

MACAU DAILY TIMES » Amazon faces UK investigation over anti-competitive concerns

July 7, 2022

China resumes visa ban for stranded Indian students after over two years of Covid delay- The New Indian Express IP DIGITAL TAMIL 24×7 MEDIA PVT LTD

August 23, 2022

Is War With China In Taiwan To Protect Semiconductor Production Really Necessary?

July 16, 2022

Sina Reports Net Quarterly Revenues Of $45.8 Million

May 5, 2005

Chinese Professor Lands $3.4 Billion Fortune With SenseTime IPO

December 29, 2021

Berlin 2022: Against the Ice movie review – Game of Thrones’ Nikolaj Coster-Waldau stars in gruelling true-life survival drama coming to Netflix

February 16, 2022

Samsung registered a new trademark to be used in gaming screen products-Hong Kong unwire.hk

January 2, 2022

Fujitsu Opens Quality Testing Service For Electronics Companies In China

January 21, 2009
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter