China: Wonder acquires auto electronic systems company

China-based automotive components manufacturer Wonder Auto Technology has recently closed an acquisition, thereby becoming the largest shareholder of Applaud Group, the controlling shareholder of Jinheng Automotive Safety Technology Holdings. According to Meirong Yuan, the chief financial officer of Wonder Auto, this acquisition gives the supplier significant market potential. He believes the Subscribe to Automotive World … Continued

• By Webmaster
• January 20, 2010