SH Yaohua Pilkington to invest in auto glass

Date: 5 November 2002

Shanghai Yaohua Pilkington Glass Co Ltd said its Board of Directors approved a proposal to invest in a joint venture which will produce automobile glass.

The JV, to be named Shanghai Yaohua Pilkington Automobile Glass Co Ltd, will have registered capital of US$22.5 million and total investment of US$30 million.

No further details were provided.

The board also agreed to invest an additional 100 million yuan (US$12.05 million) in Shanghai Sunshine Coating Glass Co Ltd to become the largest shareholder in the subsidiary.

The listed company develops and manufactures glass and related products.

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Northernlight Library

2002-11-05T12:00:00

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