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BRIEF-Anhui Jianghuai Automobile plans JV JAC Volkswagen Automotive capitalized at 2 bln yuan
June 4, 2017 / 3:39 PM / 4 months ago

BRIEF-Anhui Jianghuai Automobile plans JV JAC Volkswagen Automotive capitalized at 2 bln yuan

June 4 (Reuters) - Anhui Jianghuai Automobile Group Corp Ltd :

* Says it plans to set up a Hefei-based JV JAC Volkswagen Automotive capitalized at 2 billion yuan with an investment firm of Volkswagen

* Says it will inject capital of 1 billion yuan in it and hold a 50 percent stake

Source text in Chinese: goo.gl/W7zoNX

Further company coverage: (Beijing Headline News)

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