SP Group A/S increases holding in Chinese company.
NORDIC BUSINESS REPORT-6 July 2005-SP Group A/S increases holding in Chinese company(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com
The Danish plastic industry group SP Group A/S said on Wednesday (6 July) that it had increased its holding in SP International A/S from 64% to 75%.
The shares were sold by Inter Primo A/S for an undisclosed sum.
SP International's only activity is to own the Chinese company Schroeder-Plast Technologies (Suzhou) Co Ltd.
SP Group also said that it had agreed together with Schroeder-Plast Technologies' other shareholder, the Danish industrialisation fund for developing countries (IFU), to invest further in the company. The plan is to increase its production capacity by 40% during the second half of the year.
Schroeder-Plast Technologies will also change name to SP Moulding (Suzhou) Ltd.
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|Title Annotation:||SP International A/S., Inter Primo A/S.|
|Publication:||Nordic Business Report|
|Article Type:||Brief Article|
|Date:||Jul 6, 2005|
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