MDAX-listed ElringKlinger AG is strengthening its position in China and has acquired an additional 10.0% ownership interest in the subsidiary Changchun ElringKlinger Ltd. from the state investment company State Machinery, Electronics, Light and Textile Industry Investment Corporation, Changchun. The increase in ElringKlinger's ownership interest to now 88.0% was executed effective from June 30, 2009, following entry in the Companies Register and the conclusion of the official authorization procedure by the competent supervisory authority.
Changchun ElringKlinger Ltd. generated sales revenue of approx. EUR 16 million in 2008 and achieved an operating margin within the lower double-digit range. The company had already
Changchun ElringKlinger Ltd. generated sales revenue of approx. EUR 16 million in 2008 and achieved an operating margin within the lower double-digit range. The company had already
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