HK TRADING GROUP ACQUIRES GUANGZHOU BUSINESSES

October 15, 2008 | BY

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Dah Chong Hong has acquired half of the stakes in a group of companies providing vehicle sales, spare parts, and maintenance and customer services, in…

Dah Chong Hong has acquired half of the stakes in a group of companies providing vehicle sales, spare parts, and maintenance and customer services, in respect of the FAW-Toyota and Lexus brands in Guangzhou. The total consideration was approximately HK$143 million (US$18.4 million).

JSM advised Dah Chong Hong, while Denker Group acted for the seller.

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