The planned Chinese investment may get Armco to seek an Asia listing.
A revival in China’s polyester industry has produced a new billionaire.
The deal marks a push by the firm in China’s autonomous vehicle market.
Possibly as early as next year.
Deal comes a year from Alibaba’s $1b purchase of a controlling stake in Lazada.
Hyundai and its affiliate Kia saw combined China sales slump 52 percent in March.
Scott Steele will also assume Thompson’s previous role as Head of the SG office
The project is named Apollo after the lunar landing program.
Affluent Partners is acquiring 33% of Dellos Group to expand into the drinks business.
Chinese carmaker Chery Automobile Co Ltd is open to potential new joint ventures with overseas partners, the firm’s chief executive said on Wednesday at the Shanghai auto show. “If opportunity comes then we are willing to discuss it,” said CEO Chen Anning. Chery already has joint ventures with Jaguar Land… Read more »