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China: Shanggong Acquire FAG’s Share

Resource from:  www.cnbearing.com Likes:2974
May 11,2004
As eyewitness, China and Germany government’s leaders attended the intention signing ceremony held in Berlin on 3rd May 2004,in which Shanggong Company Ltd. (China) would purchase DA Corporation’s 94.9% shares that hold by FAG. DA Corporation possesses advanced sewing equipment, wold famous sewing-machine brand and global sales net and its shares traded on the Frankfurter ,Berlin, Duesseldorf stock exchange.The sales in 2003 is around
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