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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

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
Geographic Code:4EUDE
Date:Jul 6, 2005
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