US/China: ZAP completes 51% buy of Jonway

ZAP has announced that it has completed its acquisition of 51% of the capital stock of Zhejiang Jonway Automobile of Sanmen, Zhejiang, China. Cathaya Capital LP funded the aggregate amount of US$36m. The final payment of US$19m related to the acquisition was made on 21 January 2011, with the funding from Subscribe to Automotive World … Continued

• By Webmaster
• January 25, 2011